CCC Announces Extension of Private Placement of Units

About this update from Canadian Chrome Company Inc.

Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A), formerly known as KWG Resources Inc. ("CCC" or the "Company"), is pleased to announce the extension for an additional 45 days of its previously announced private placement of up to 10,714,285 units (each a "Unit") at a price of $1.40 per Unit for aggregate gross proceeds of up to $15,000,000 (the "Offering") (see news release dated March 18, 2026). The terms of the Offering are that each Unit will be comprised of one (1) multiple voting share of the Company (a "Multiple Voting Share") and one (1) Multiple Voting Share purchase warrant (a "Warrant"), with each Warrant enabling its holder to purchase one further Multiple Voting Share from treasury upon payment of an exercise price of $1.50 at any time prior to the earlier of (i) five (5) years from the date of the first closing of the Offering or (ii) two business days after a change of control of the Company. The Company will pay finder's fees of up to 5% of the aggregate amount subscribed for by subscribers referred to the Company by finders entitled to receive such fees in accordance with applicable securities laws, which fees will be payable in Units at deemed price of $1.40 per Unit. All of the securities to be issued pursuant to the Offering will be subject to a four (4) month hold period. About The Canadian Chrome Company Inc.The Canadian Chrome Company Inc. is an exploration stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals including chromite in the Ring of Fire, as well as other base metals and strategic minerals and, where applicable, support for the development of transportation and electrification links to access remote areas where these deposits may be located. For further information, please contact:Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected] Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of thi...

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