Cullinan Metals Appoints Christopher Huggins as CEO

Vancouver, B.C. — May 14, 2026 — Leads & Copy —

Cullinan Metals Corp. (CSE: CMT) (OTCQB: CMTNF) has appointed Christopher Huggins as its new Chief Executive Officer, effective immediately. Mr. Huggins brings over 25 years of experience in mineral exploration, finance, mining technology, and capital equipment to the role.

According to a company statement, Cullinan is also issuing up to 1,486,094 common shares at $0.34 per share to settle up to $505,272 in debt. Insiders are participating in the debt settlement for C$182,678. The company’s board has also adopted a 20% fixed omnibus equity incentive plan, issuing 1,450,000 restricted share units to officers, directors, and consultants.

Prior to this appointment, Mr. Huggins served as Chief Executive Officer of Auric Minerals Corp. and as a director of several exploration-stage public companies. He began his career as a regional exploration geologist with Homestake, working in mining districts such as Eskay Creek and Snip Mine.

Cullinan’s interim CEO, Aleem Fidai, expressed confidence that Mr. Huggins’s expertise will be instrumental in advancing the company’s newly acquired projects and unlocking value in its rare earth and volcanic massive sulphide assets.

Mr. Huggins stated he is eager to advance the Oculus Rare Earth Project and Burnt Pond Volcanic Massive Sulphide Project.

Aleem Fidai will transition from interim CEO but will remain a Director of the Company.

The debt settlement is subject to CSE approval, and the shares will be subject to a four-month statutory hold period. The purpose of the debt settlement is to preserve the company’s treasury.

The new equity incentive plan would replace the current plan upon shareholder and CSE approval. Shareholders will vote on the plan at the annual general and special meeting on July 10, 2026. The current grant of RSUs is also subject to shareholder approval.

Cullinan Metals Corp. focuses on the evaluation and potential development of energy and critical metals. The company holds an option agreement to acquire a 100% interest in the Oculus Rare Earth Project in Central Labrador and the Burnt Pond Project in Central Newfoundland.

The Oculus Rare Earth Project spans approximately 2,550 hectares. Historical surface sampling has shown total rare earth oxide values of up to 5.67% TREO. The Burnt Pond Project covers approximately 975 hectares. Historical drilling has indicated high-grade polymetallic mineralization.

The company aims to advance these assets through disciplined exploration programs.

Source: Cullinan Metals Corp.