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Critical One Signs Definitive Agreement for Uranium Properties

TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) ("Critical One" or the "Company") (CSE:CRTL) (OTCQB:MMTLF) (FSE: 4EF0) is pleased to announce that the Company's uranium asset sale to Dark Star Minerals Inc. ("Dark Star") (CSE:BATT) (FSE: P0W), as announced on June 12, 2025, has closed.

Under the terms of the definitive agreement ("DA"), Dark Star will proceed with the second payment of US$150,000 in cash and issue 14,000,000 common shares ("Dark Star Shares") to Critical One. Per terms of the DA, Dark Star will make further cash and share payments as per the following schedule to earn 100% of Critical One's interest in the Khan and Cobra Uranium Projects located in Namibia, Africa.

Payment Date

Cash Payment

Securities Issuance

On the date of execution of the letters of intent agreement (the "LOI Execution Date")

US$10,000 (paid)

-

Upon the later of: (a) the date that is five (5) days of the LOI Execution Date; or (b) receipt of Exchange approval for the LOI

-

200,000 Dark Star Shares (issued)

Upon the execution of the DA (the "DA Execution Date")

US$150,000