Search Minerals Inc. announced the commencement of an initial 2,000m FOX MEADOW Phase 1 drill program. FOX MEADOWis the third major drill target in the Port Hope Simpson – St. Lewis Critical Rare Earth Elements (CREE) District in SE Labrador.

The drill program is expected to commence shortly, as drilling contractor mobilizes on site this week. The drilling is expected to be completed in early December, 2022. Exploration: Approximately 8-12 oriented diamond drill holes; One drill rig to be mobilized from St.

Lewis to FOX MEADOW; All core will be lithologically, structurally and geotechnically logged; All mineralized intervals will be sampled for assay and tested for specific gravity and magnetic susceptibility. Drilling Program Results: The company anticipated receiving all assay results by late spring 2023. Drill Targets: Extensive channel programs from 2013 to 2021 have outlined numerous medium- to high-grade REE mineralized zones; The current program will target high-grade zones in the core of the known surface extent of the mineralization in order to trace them at depth; The drill program is also designed to evaluate the overall thickness of the mineralized belt; An on-going channeling program at FOX MEADOW is extending the mineralized zone to the south and southeast in anticipation of future drill programs; On surface the mineralization is presently open to the NW, the SE and to the SW in some sections.

The FOX MEADOW project occurs approximately 11 km west of Port Hope Simpson and 1 km from a gravel-covered, three-season forest access road. Port Hope Simpson is approximately 40 km northwest of FOXTROT and 50 km from DEEP FOX on paved and all-season gravelled roads.