Resignation of Chief Operating Officer

SEARCH MINERALS INC.

# 108, 901 West Third Street, North Vancouver, B.C. V7P 3P9 T (604) 998-3432 . F (604) 608-5717

www.searchminerals.ca . E [email protected]

NEWS RELEASE

FOR IMMEDIATE RELEASE: February 7, 2023

Resignation of Chief Operating Officer

Vancouver, B.C. February 7, 2023 – Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or

the “Company”), announces that Todd Burlingame has resigned from the position of Chief Operating

Officer and has provided the Company with notice of termination of his Independent Contractor ’s

Agreement effective February 4, 2023. Mr. Burlingame joined the Company in February 2022 in the

role of COO.

Mr. Burlingame says: “I would like to thank the Board for the opportunity to work on the development

of the Deep Fox and Foxtrot project. I am confident that, as Search advances the project, the Province

of Newfoundland and Labrador will secure its place in the global rare earth elements supply chain”.

Mr. Burlingame will continue to assist the Company for an additional three months to provide a

period of transition.

Leo Power, the Company’s Chairman of the Board says: “Over the past year Todd has assisted the

Company in advancing i ts Deep Fox and Foxtrot deposits for the transition into a development

project. The Board looks forward to continuing to work with Todd through the transition period and

would like to thank him for his service”.

For further information, please contact:

Leo Power

Chairman of the Board

709-682-3543

E-mail: [email protected]

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.