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Tuesday, 02/28/2023 5:59:48 PM

Tuesday, February 28, 2023 5:59:48 PM

Post# of 391
From the 2/28/23 "The Rare Earth Observer "

Search Minerals to Seek New CEO

Search Minerals Inc. announces that Mr. Leo Power has been appointed to the position of interim President and Chief Executive Officer of the Company following the termination by the Company on a without cause basis of the employment agreement with former President and Chief Executive Officer, Greg Andrews.

The Company and Mr. Andrews are in discussions to effect the termination and ensure a smooth transition.

We had calculated in our post of June 29, 2022, that the Search Minerals PEA overestimates revenue by almost twice the market prices of June 2022. The thus adjusted revenue will not allow any return of investment.

Market prices have fallen since.

But Greg Andrews may rather have become a victim of a stubbornly falling stock price