Cullinan Metals Closes Private Placement, Appoints New Director

Vancouver, British Columbia — April 13, 2026 — Leads & Copy — Cullinan Metals Corp. has completed a non-brokered private placement, issuing 3,999,625 common shares at CAD$0.16 per share, raising gross proceeds of CAD$639,940.

The company (CSE: CMT) (OTCQB: CMTNF) announced that the shares issued are subject to a four-month plus one day hold period, expiring on August 14, 2026.

Cullinan Metals Corp. also reported that it paid finders fees in cash totaling $10,018.

An aggregate of 134,375 shares were issued, directly or indirectly, to a director of the company, constituting a “related party transaction” under Multilateral Instrument 61-101.

The company has allocated the proceeds from the offering for general administrative and working capital purposes.

In addition to the private placement, Ms. Raylen Tamayo has been appointed to the board of directors. Ms. Tamayo brings over eight years of experience in finance and accounting, primarily within publicly listed companies. She has expertise in IFRS compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings and reverse takeovers. Ms. Tamayo is currently a Manager at Zeus Accounting Solutions Corp., where she also holds Controller roles for several companies and holds a Master’s degree from the University Canada West, where she majored in Finance.

Mr. Richard Ko has resigned from the board of directors.

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the evaluation and potential development of energy metals, pursuing opportunities in copper, graphite, and lithium in select jurisdictions worldwide.

Marc Enright-Morin, CEO, Director, can be contacted at (604) 428-7050.

Source: Cullinan Metals Corp.