CULLINAN METALS ANNOUNCES EXTENDED ENGAGEMENT OF FINANCIAL STAR FOR MARKETING SERVICES

Vancouver, B.C., March 17, 2023 – Cullinan MetalsCorp. (CSE: CMT)(OTCQB: CMTNF) ("Cullinan" or the “Company”)is pleased to announce that it has extended its marketingagreement (the “Agreement”) with Financial Star News Inc. (“FinancialStar”). The original engagement was previously announced in the Company’s newsrelease dated October 20, 2022. Pursuant tothe Agreement, Financial Star will provide certain non-exclusive marketing andadvisory services to the Company, and will execute a comprehensive digitalmedia marketing campaign for a total retainer of US$300,000, with a term of sixmonths or until the retainer is depleted. There are no performancefactors contained in the Agreement and Financial Star will not receive shares,options or other securities as compensation.

Financial Star is aprivately owned marketing firm based in Vancouver, BritishColumbia, which provides corporatecommunications services for public companies. Financial Star is wholly-owned byMr. Mundi, and to the knowledge of the Company, neither Financial Star nor Mr.Mundi has any interest, directly or indirectly, in the securities of theCompany or any right or intent to acquire such interest. Both Financial Starand Mr. Mundi are at arm's length to the Company.

On Behalf of theBoard,

CULLINAN METALS CORP.

Marc Enright-Morin

CEO, Director

(604) 669-9788

About Cullinan Metals Corp.

Cullinan Metals Corp.is a Canadian mining and exploration company focused on the development ofenergy metals. Cullinan is focused on key energy resources such as thedevelopment of copper, graphite and lithium assets around the world.

Neitherthe Canadian Securities Exchange nor its regulation services provider acceptsresponsibility for the adequacy of accuracy of this release. No stock exchange,securities commission or other regulatory authority has approved or disapprovedthe information contain herein.

StatementRegarding Forward-Looking Information

This news release containsstatements that constitute "forward-looking statements." Such forwardlooking statements involve known and unknown risks, uncertainties and otherfactors that may cause actual results, performance or achievements, ordevelopments in the industry to differ materially from the anticipated results,performance or achievements expressed or implied by such forward-lookingstatements. Forward looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words"expects," "plans," "anticipates,""believes," "intends," "estimates,""projects," "potential" and similar expressions, or thatevents or conditions "will," "would," "may,""could" or "should" occur.

Forward-looking statements inthis document include statements regarding the Company's expectations regardingthe provision of services to the Company by Financial Star, the costs relatedthereto, and other statements that are not historical facts. By their nature,forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause our actual results, performance or achievements,or other future events, to be materially different from any future results,performance or achievements expressed or implied by such forward-lookingstatements. Such factors and risks include, among others: the Company maychoose to defer, accelerate, or abandon its plans with respect to Financial Starand its services.

When relying onforward-looking statements and information to make decisions, investors andothers should carefully consider the foregoing factors and risks and otheruncertainties and potential events. The Company has assumed that the materialfactors referred to in the previous paragraphs will not cause suchforward-looking statements and information to differ materially from actualresults or events. However, the list of these factors is not exhaustive and issubject to change and there can be no assurance that such assumptions willreflect the actual outcome of such items or factors. The reader is cautionednot to place undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the time ofpreparation, may prove to be incorrect and actual results may differ materiallyfrom those anticipated. Forward-looking statements contained in this newsrelease are expressly qualified by this cautionary statement. Theforward-looking statements contained in this news release are made as of thedate of this news release. The Company does not intend, and expressly disclaimsany intention or obligation to, update or revise any forward-looking statementswhether as a result of new information, future events or otherwise, except asrequired by law.