Search Minerals Announces Closing of Settlement with Certain Creditors

St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - August 11, 2025) -  Search Minerals Inc. (TSXV: SMY) (OTC Pink: SHCMF) (the "Company") announced today that further to the Company's press release of July 15, 2025, the Company has received the approval of the TSX Venture Exchange to settle $100,000 (less applicable tax withholdings) in debt owing to certain creditors (the "Debt") through the issuance of 203,688 common shares of the Company (the "Shares"). The Shares were issued on August 11, 2025, and are subject to a four-month hold period in accordance with applicable securities laws.

Following the issuance of the Shares, the Debt is now settled and extinguished.

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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.