Announcement PDF ASX ANNOUNCEMENT 26th May, 2023 ASX: MTM DRILLING COMMENCES AT THE POMME REE-Nb PROJECT, QUEBEC Highlights:  Diamond drill rig mobilised to the Pomme project site  Approximately 10 holes; 5,000 metre diamond drilling program planned over coming months MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) has commenced its maiden diamond drilling program at the Pomme REE-Nb project (the Project) located in Québec, Canada. Work has commenced on-schedule and is designed to evaluate the overall geology of the Pomme carbonatite intrusion and define the geometry, grade and continuity of the rare earth element (REE) and niobium (Nb) mineralisation that it is known to host (see MTM ASX announcement dated 29 March 2023). Drilling will further extend and delineate mineralisation identified by the two historical drill holes drilled on the target, which included: MVX-12-01 – 508.3m @ 0.43% TREO, 413ppm Nb2O5 and 1.48% P2O5, from 73.7m depth, and MVP-12-02B – 478.1m @ 0.12% TREO, 340 ppm Nb2O5 and 2.14% P2O5, from 25.9m to EOH. Figure 1: Diamond drilling rig mobilising to site at the Pomme REE-Nd project. P: +61 (0)8 6391 0112 MTM Critical Metals Limited (ABN 27 645 885 463) E: info@mtmcriticalmetals.com.au W: www.mtmcriticalmetals.com.au Suite 2, 38 Colin Street, West Perth, 6005, Australia @MTM Critical @MTM Critical Metals MTM Managing Director Lachlan Reynolds stated: “Our team in Québec has done an excellent job to prepare for this drilling program and there were no delays in sourcing or mobilising a suitable diamond drill rig. We are excited to get underway with the exploration of the Pomme carbonatite complex for a new rare earth element and niobium deposit and we look forward to updating shareholders as the work progresses.” Figure 2: Drone photograph of the Pomme exploration camp. Figure 3: Core logging shed ready to receive drill core. Page 2 POMME REE-Nb PROJECT The Project is a known carbonatite intrusion with exceptional results from limited historical drilling, showing enrichment in rare earth elements (REE) and niobium (Nb) and is considered to be an extremely prospective exploration target. Pomme is located adjacent to the worldclass Montviel REE-Nb deposit (owned by Geomega Resources Inc), that has a defined total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5. MTM has entered into a binding option agreement with Geomega Resources to acquire a 100% interest in the Pomme claims and is now advancing exploration at Pomme to discover a REE-Nb resource (see MTM ASX announcement dated 23 February 2023). This announcement has been authorised for release by the Board of Directors. For further information, please contact: Lachlan Reynolds Managing Director MTM Critical Metals Limited Tel: +61 (0)8 6391 0112 Email: lachlan.reynolds@mtmmetals.com.au Simon Adams Company Secretary MTM Critical Metals Limited Tel: +61 (0)8 6391 0112 Email: simon.adams@mtmmetals.com.au Figure 1: Pomme REE-Nd project location. Page 3 About MTM Critical Metals Limited MTM Critical Metals Limited is an exploration company which is focused on searching for rare earth elements (REE), gold, lithium, nickel, and base metals in the Goldfields and Ravensthorpe districts of Western Australia and in the Abitibi region of the Province of Québec. The Company holds over 4,500km2 of tenements in three prolific and highly prospective mineral regions in Western Australia and has an option to acquire, through an earn-in arrangement, a 100% interest in 2,400 ha of exploration rights in Québec, Canada. The East Laverton Projects is made up of a regionally extensive package of underexplored tenements prospective for REE, gold and base metals. The Mt Monger Gold Project comprises an area containing known gold deposits and occurrences in the Mt Monger area, located ~70km SE of Kalgoorlie and immediately adjacent to the Randalls gold mill operated by Silver Lake Resources Limited. The Ravensthorpe Project contains a package of tenements in the southern part of Western Australia between Esperance and Bremer Bay which are prospective for a range of minerals including REE, lithium, nickel and graphite. The Pomme project in Québec is a known carbonatite intrusion that is enriched in REE and niobium and is considered to be an extremely prospective exploration target adjacent to a world class REE resource (Montviel deposit). Priority drilling targets have been identified in all project areas and the Company is well funded to undertake effective exploration programs. The Company has an experienced Board and management team which is focused on discovery to increase value for Shareholders. Competent Person’s Statement The information in this announcement that relates to Exploration Results is based on and fairly represents information compiled by Mr Lachlan Reynolds. Mr Reynolds is the Managing Director of Mt Monger Resources Limited and is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. Mr Reynolds has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reynolds consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear. Previous Disclosure The information in this announcement is based on the following MTM Critical Metals Limited (formerly Mt Monger Resources Limited) ASX announcements, which are all available from the MTM Critical Metals Limited website www.mtmcriticalmetals.com.au and the ASX website www.asx.com.au.  23 February 2023 “Mt Monger to Acquire Advanced Carbonatite REE-Nb Project in Canada”  29 March 2023 “Countdown to Diamond Drilling Program at Pomme REE-Nb Project” The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the relevant ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are represented have not been materially modified from the original ASX announcements. Cautionary Statement Regarding Values & Forward-Looking Information The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. MTM Critical Metals does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including as a result of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. MTM Critical Metals undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of MTM Critical Metals from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. MTM Critical Metals, its affiliates, directors, employees and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein. Page 4