Mr. Jason Riley reports

EXGEN APPOINTS DR. CYNTHIA LI TO ITS BOARD

Subject to TSX Venture Exchange acceptance, Dr. Cynthia Li has been appointed to the board of directors of ExGen Resources Inc. effective June 1, 2026. ExGen also announces that Kieran Downes has resigned from the board effective June 1, 2026.

Dr. Cynthia (Xin) Li, PhD, CFA, is an assistant professor of finance at Trinity Western University with expertise in corporate finance, capital markets, corporate governance, and environmental, social and governance (ESG) practices. She holds a PhD in accounting from Simon Fraser University, a master of science in finance from the University of British Columbia and is a CFA charterholder. Prior to academia, Dr. Li worked in equity research and investment banking, where she developed extensive experience in financial modelling, capital raising, mergers and acquisitions, and public market analysis. Dr. Li brings a strong analytical background, capital markets expertise and governance-focused perspective that align well with the strategic and operational needs of a TSX Venture Exchange-listed mining company. Her combination of industry and academic experience positions her to contribute meaningfully to board oversight, financial stewardship, stakeholder engagement and long-term shareholder value creation.

Jason Riley, the president and chief executive officer of ExGen, commented: "Cynthia's capital markets and corporate governance expertise and background will be an invaluable asset to the company as ExGen continues to acquire new projects and moves forward with its existing assets. We are pleased to welcome her to the board.

"On behalf of the board and our shareholders, I would also like to thank Kieran for all of his years of dedication and tireless efforts as a director of the company."

About ExGen Resources Inc.

ExGen is a project accelerator that seeks to finance exploration and development of the company's projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has eight exploration projects in Canada and the United States, four NSR (net smelter return) royalties on projects in the Golden Triangle, B.C., Canada, and ExGen also holds a silver stream on the past-producing Andacollo gold mine in Chile, which is slated for a near-term production restart.