CAT Strategic Metals Corporation announced that it has entered into an arm's-length property purchase agreement whereby CAT will acquire ~7,716 ha (~19,058 acres) of well-situated exploration ground that will result in the significant expansion of its South Preston Uranium Property ("South Preston"), located in Saskatchewan's Athabasca Basin. The expansion of CAT's South Preston Uranium Property has been achieved through additional property covering both a significant area that ties on to the prior eastern limit of the South Preston Uranium Project (the "East Expansion"), and an additional area that covers shallow in-basin property extending the project in a northerly direction from its current limit (the "North Expansion"). The East Expansion covers ~5,278.5 ha (~13,038 acres) and extends the South Preston Uranium Property up to a substantial shared claim boundary with NexGen Energy Ltd. The North Expansion covers ~2,437 ha (~6,021 acres) and delivers additional in-basin exploration optionality for CAT Strategic. Together, the East Expansion and North Expansion result in the South Preston Uranium Project increasing in size by a total of ~7,716 ha (~19,059 acres), from ~20,679 ha to ~29,395 ha (~51,077 acres to ~70,136 acres), being well over a one-third expansion. Upon closing, the additional property will be acquired from an arm's-length property vendor in exchange for a 3% production sales royalty (of which 1% may be acquired by CAT for CAD $2million) and an upfront agreement fee of $25,000. CAT Strategic's district-scale South Preston Uranium Property is located in the southwest area of Canada's Athabasca Basin, which is known to host some of the world's highest-grade uranium deposits. Recent discoveries in the region include the Arrow uranium deposit discovered by NexGen Energy Ltd. and the Triple R (PLS) uranium deposit being advanced by Fission Uranium Corp. The South Preston Uranium Property represents a premier uranium exploration project now encompassing approx. 28,395 ha (~70,136 acres) across numerous mineral dispositions. Among other attributes, the property is viewed as prospectively hosting the extension of a priority uranium exploration corridor extending from NexGen Energy Ltd.'s Rook-1 Project through Azincourt Energy Corp.'s adjacent East Preston Uranium Project and onto CAT's new South Preston Uranium Property. The project also hosts a significant shared property border with NexGen Energy Ltd. along a newly expanded eastern border. The South Preston Uranium Project delivers more than 50km of contiguous claim border with Azincourt Energy Corp., more than 18.5km of continuous project boundary with Orano (a leading global uranium producer), and 10km of adjacent property border with NexGen Energy Ltd. As previously disclosed, and upon the closing of recently announced transactions, the Company intends to conduct certain exploration work that will advance its near-term objective to define and test uranium drill targets at the South Preston Uranium Property.