Early Warning Press Release

Inter-Rock Minerals Inc. has disclosed a significant share transfer transaction involving 17.1 million Class A Preferred Shares. The transaction was executed on April 16, 2025, as part of estate planning activities by The Cromwell Trust, with shares initially transferred to David Crombie before being gifted equally to Michael Crombie and Robert Crombie.

The share transfer represents a private family arrangement rather than a market transaction, with each of the Crombie brothers receiving 8.6 million preferred shares. All parties involved are beneficiaries of The Cromwell Trust, indicating this is an internal restructuring of ownership rather than a change in ultimate control.

This type of early warning disclosure is required under Canadian securities regulations when insider ownership changes significantly. While the transaction does not appear to impact the company's operational activities or strategic direction, it may affect voting control and dividend distributions depending on the rights attached to the preferred shares.

For Inter-Rock Minerals and its stakeholders, this transaction primarily represents administrative restructuring within an existing ownership group. The estate planning nature of the transfer suggests long-term family involvement in the company's ownership structure.