Search Minerals Announces Unsecured Convertible Note Issuance with Indigenous Partner to Settle Existing Indebtedness

St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - April 13, 2026) - Search Minerals Inc. (TSXV: SMY) (OTC Pink: SHCMF) ("Search Minerals" or the "Company") is pleased to announce that the Company has issued an unsecured convertible note (the "Unsecured Convertible Note") in the aggregate principal amount of $367,562 to its Indigenous Partner, the NunatuKavut Community Council (the "Lender"). HIGHLIGHTS Unsecured Convertible Note in the principal amount of $367,562 Issued in full settlement of existing indebtedness under the prior unsecured convertible note issued to the Lender in October 2024 (inclusive of interest) No new net capital raised, and no cash proceeds received by the Company Extends repayment obligations to the Lender Jason Macintosh, Interim CEO stated: "We are very pleased to have the continued support from our Indigenous Partner, the NunatuKavut Community Council (NCC).