The Canadian Chrome Company Inc. Issuing Replacement Debentures in Payment of Series 2023 Debentures

The Replacement Debentures will mature at the earlier of (i) April 24, 2028, and (ii) two (2) business days after a Change of Control Event (the "Replacement Maturity Date") and will bear interest at 5% per annum, accruing daily, compounding annually from the date of issuance of such Replacement Debentures to the Replacement Maturity Date, such payment to be made either (i) at the Company's option, by payment in cash (other than in the event of a conversion) or (ii) by the issuance of units (each a "Unit") at a conversion rate (the "Replacement Conversion Rate") equal to the 30-day volume-weighted average trading price of the Multiple Voting Shares and of the Company's subordinated voting shares (the "Subordinate Voting Shares") adjusted for the 1:100 exchange rate between the Multiple Voting Shares and the Subordinate Voting Shares, as traded on the Canadian Securities Exchange (the "CSE") during the 30-day period ending on April 24, 2026, the maturity date of the Series 2023 Debentures. The Replacement Debentures are convertible into Units at the Replacement Conversion Rate at the holder's option at any time prior to payment in cash. Each such Unit will be comprised of one Multiple Voting Share and one (1) share purchase warrant (each, a "Warrant"), with each such Warrant enabling its holder to acquire one further Multiple Voting Share from treasury upon payment of an exercise price of $3.00 per share at any time on or before the earlier of (i) the Replacement Maturity Date, or (ii) the two (2) business days after a Change of Control Event.

All of the Replacement Debentures are subject to a four (4) month hold period from the date of issuance.

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.

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 this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

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