Casa Minerals Inc. Provides MCTO Update

About this update from Casa Minerals, Inc.

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2026) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa") is providing an update to its news release dated June 8, 2026, wherein the Company announced that it expected the management cease trade order that was granted on May 1, 2026 (the "MCTO") to be revoked shortly after completing the filing of: (1) the audited annual financial statements for the year ended December 31, 2025, (2) the management discussion and analysis and, (3) related Chief Executive Officer and Chief Financial Officer certificates. However, since the news release, the Company has encountered difficulties with completing its interim financial report and related management discussion and analysis for the period ended March 31, 2026 (the "Q1 Financials"). The Company expects that it will not file the Q1 Financials by the June 15, 2026 deadline and the MCTO will remain in effect. The Company has engaged an accounting consultant to assist with the completion of the Q1 Financials. The Company is, with the additional help of the accounting consulting, working diligently to finalize the Q1 Financials and anticipates it will be able to remedy the upcoming default by filing the Q1 Financials by June 30, 2026. The MCTO will be in effect until the Q1 Financials are filed and all management, officers and directors of the Company will be prohibited from trading in the Company's securities pursuant to the Company's black-out procedures. The Company intends to satisfy the provision of the alternative information guidelines set out in Sections 9 and 10 of NP-12-203 as long as the Required Filings are outstanding. The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements. Contact Information Farshad ShirvaniChief Executive OfficerPhone: (604) 678-9587 Email: [email protected] Cautionary Note Regarding Forward-Looking Statements Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as &qu...

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