Legal Disclaimer
Canadian Energy Metals Corp.

Cautionary Statement Regarding Mineral Resource Disclosure 

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This website includes forward-looking statements about Canadian Energy Metals Corp. (“CEM”) and its Thor Project in Saskatchewan. These statements reflect our current expectations and assumptions but involve risks, uncertainties, and factors that could cause actual results to be different than anticipated.

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The scientific and technical information contained on this website has been reviewed and approved by Gary Billingsley, P.Eng., P.Geo., who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Unless otherwise stated, all resource estimates referenced herein are presented in accordance with the Canadian Institute of Mining Metallurgy and Petroleum Definition Standards, as adopted under NI 43-101. Mr. Billingsley is not independent of the Company.

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1. Understanding Our Mineral Resource Estimates

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‍The mineral resource estimates mentioned here were prepared following the guidelines of National Instrument 43-101, which governs how mineral projects are disclosed in Canada. Evaluation of mineral reserves and mineral resources will occur from time to time and estimates may change depending on further geological interpretation, drilling results and metal prices, which could have a negative effect on CEM’s operations. There is no certainty that Measured Mineral Resource, Indicated Mineral Resource, or Inferred Mineral Resource estimates that CEM reports are or will be economically or legally mineable. The category of inferred mineral resource is often the least reliable mineral resource category and is subject to the most variability. Due to the uncertainty which may attach to mineral resources estimates, there is no assurance that the mineral resources reported will be upgraded to proven mineral reserves and probable mineral reserves as a result of continued exploration. CEM will regularly evaluate its mineral resources and will determine the merits of increasing the reliability of its overall mineral resources with its available funding.

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‍2. About the Preliminary Economic Assessment

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‍CEM is in the process of completing a Preliminary Economic Assessment (“PEA”) for the Thor Project. A PEA is an early-stage economic study that provides a snapshot of a project's potential, but it is not a feasibility study. That means the results are preliminary and could change with further exploration and engineering work. While we are optimistic about the project, there is no guarantee that the PEA’s findings will lead to development or production. The results of these studies should not be considered as guarantees of future performance or project viability.

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‍3. Regulatory and Permitting Considerations

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‍Thor will need various regulatory approvals at both the provincial and federal levels. Saskatchewan has a strong track record of permitting major resource developments, but permitting is never automatic. We will continue working with regulatory authorities, Indigenous communities, and local stakeholders to advance the project responsibly.

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‍4. Forward-Looking Statements

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‍This website contains statements about where we see the project going, including timelines for completing the PEA. These are based on what we know today but are subject to change due to factors like changes in metallurgical processing, shifts in commodity prices, or updates to government policies affecting the critical metals industry.

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‍5. This Is Not Investment Advice

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‍Nothing on this website should be taken as an offer to buy or sell securities of CEM. If you’re considering investing, we encourage you to do your own research and speak with a professional financial advisor.

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‍Cautionary Note to U.S. Investors

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This website uses terms such as “measured”, “indicated”, and “inferred” Mineral Resources which are defined by Canadian regulations under NI 43-101 but not recognized under U.S. securities laws. These terms and the associated disclosure may not be comparable to similar information made public by U.S. domestic issuers.

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In Particular, “inferred” Mineral Resources have a high level of uncertainty as to their existence and economic and legal feasibility. U.S. investors are cautioned not to assume that all or any part of mineral resources (including measured, indicated, or inferred) will ever be converted into mineral reserves. Accordingly, such information should not be relied upon as if prepared in accordance with U.S. standards.

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