Stillwater Critical Minerals Applies for Warrant Extension

TSX.V: PGE

OTCQB: PGEZF

FSE: 5D32

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Stillwater Critical Minerals Applies for Warrant Extension

May 5, 2023 – Vancouver, BC – Stillwater Critical Minerals (formerly Group Ten Metals) (TSX.V: PGE; OTCQB:

PGEZF; FSE: 5D32) (the “Company” or “SWCM”) announces that the Company has applied for TSX Venture Exchange

approval to extend the expiry date on certain warrants that are due to expire May 21, 2023 (the “Warrants”). Per the

application, 5,233,824 Warrants that were originally issued as part of a financing completed in November 2019 (see

news release dated November 21, 2019) will be extended to a new expiration date of November 21, 2023. Each

Warrant entitles the holder to acquire one common share at an exercise price of CDN$ 0.25.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship

Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in

Montana, USA. With the recent addition of two renowned Bushveld and Platreef geologists to the team, the

Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class

American district, building on past production of nickel, copper, and chromium, and the on-going production of

platinum group and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource

estimate, released January 2023, delineates a compelling suite of critical minerals contained within five Platreef-

style nickel and copper sulphide deposits at Stillwater West, which host a total of 1.6 billion pounds of nickel,

copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold, and remains open for

expansion along trend and at depth.

Stillwater Critical Minerals also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury

Metals’ development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement

with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek

Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director

Email: [email protected] Phone: (604) 357 4790

Web: http://criticalminerals.com Toll Free: (888) 432 0075

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.