Ms. Valerie Kimball reports

VERDERA ANNOUNCES INTENTION TO COMMENCE NORMAL COURSE ISSUER BID; COMPANY TO HOST CONFERENCE CALL AND WEBCAST

Verdera Energy Corp. intends to effect a normal course issuer bid (the NCIB) through the facilities of the TSX Venture Exchange. The company also announces it will host a conference call and webcast at 11:30 a.m. ET on Monday, Sept. 28, 2026, to update Verdera and EnCore Energy Corp. shareholders in advance of the planned distribution of Verdera shares to EnCore shareholders.

Normal course issuer bid

The company may, during the 12-month period commencing Sept. 29, 2026, and ending Sept. 28, 2027, purchase on the TSX-V up to 3,793,152 of its common shares in total, representing approximately 10 per cent of the company's public float and approximately 5 per cent of the 75,782,993 common shares issued and outstanding as of Sept. 23, 2026. Purchases will be conducted on the open market through the facilities of the TSX-V at prevailing market prices at the time of acquisition, subject to the pricing limitations set out in TSX Venture Exchange policies. The company has retained Haywood Securities Inc. to effect purchases on its behalf pursuant to the NCIB. The company believes that the purchase of the company's common shares at current price levels represents an attractive and appropriate use of available corporate funds.

The timing and extent of any purchases under the NCIB will depend on market conditions and other corporate considerations, as determined by management. The company may suspend or terminate purchases at any time. The company has not purchased any of its common shares within the past 12 months. Shares purchased by the company pursuant to the NCIB will be cancelled.

Corporate update and webcast

As previously announced on Sept. 15, 2026, EnCore has set a record date of Sept. 25, 2026, for the distribution of Verdera common shares as a special dividend payable on Sept. 30, 2026, to EnCore shareholders of record. A total of 14 million of the distribution shares will be subject to restrictions on transfer expiring in two equal tranches on Nov. 20, 2026, and Feb. 20, 2027.

The conference call and webcast will be held at 11:30 a.m. ET on Monday, Sept. 28, 2026. To register for the webcast, join by phone toll-free at 1-888-510-2154. A replay will be available to registered attendees and will be posted on the company's website.

About Verdera Energy Corp.

Verdera Energy is focused on the development of in-situ recovery (ISR) uranium assets in New Mexico. Led by a team with extensive experience in the uranium and natural resources sector, Verdera is working to meet the growing demand for clean, reliable domestic uranium in the United States. Verdera holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known and historic resources, and a significant proprietary uranium database. New Mexico, with expansive uranium resources, is positioned as a critical district in the U.S. domestic nuclear renaissance, driven by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community relations and strives to work closely with local communities.

We seek Safe Harbor.