Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Search Minerals Inc. (TSXV: SMY) ("Search" or the "Company") today announces the voting results of its 2024 annual general meeting of shareholders (the "Meeting"), called by certain concerned shareholders of the Company, led by Joseph Lanzon (the "Concerned Shareholders"), which was held in person in Vancouver, British Columbia on June 21, 2024.

A total of 238,858,052 common shares of the Company ("Common Shares") were voted at the Meeting in person or by proxy, representing 57.24% of issued and outstanding Common Shares as at record date for the Meeting. The Company's shareholders voted in favor of fixing the number of directors at three (with 84.67% of the votes in favor) and for the election of all director nominees listed in the Concerned Shareholders' information circular. Detailed results of the vote for the election of directors are as follows:

The new Search Minerals Board of Directors is Joseph Lanzon, Rohan Hazelton and Diane Poole. The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.

Joseph Lanzon, a newly elected director of Search, stated: "We would like to thank all our supporters for the vote of confidence to make the necessary changes to move Search Minerals forward. Our immediate task will be to rectify our financial reporting and bring the Company up to date with all its regulatory filings. Once that is completed, we will seek to have Search's common shares reinstated for trading on the TSX Venture Exchange. We hope to work with all the requisite regulatory authorities to accomplish this goal and ask for your patience and support as we work through the process. We will be providing a more comprehensive news release once we have had the chance to review all Company books and records."

For further information about Search Minerals Inc., please contact:

Joseph Lanzon
Director

Telephone: 613-796-5957
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

About Search Minerals Inc.:
Search Minerals is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. Search controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and numerous other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador.

Forward-Looking Information
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, next steps and courses of action. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect" "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this news release are based on certain material assumptions and involve, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Search Minerals to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, those factors discussed in Search Minerals' public filings and its Canadian disclosure record. Although Search Minerals has attempted to identify important factors that could affect Search Minerals and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risk Factors" and "Management's Discussion and Analysis" with the Canadian securities regulators, which are available at www.sedarplus.ca. Except as required by law, Search Minerals does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.