Mr. Philip O'Neill of Radio Fuels reports

RADIO FUELS ACQUIRES SECURITIES OF FREEMAN GOLD CORP.

Radio Fuels Energy Corp. has acquired ownership and control of 14,166,667 units of Freeman Gold Corp., effective Oct. 16, 2024. Each subject unit consists of one common share of Freeman and one common share purchase warrant exercisable at eight cents for a period of nine months from the date of issuance. The subject units were acquired pursuant to private placement from the treasury of Freeman.

The subject units represent approximately 7.4 per cent of all issued and outstanding shares as at Oct. 16, 2024 (or approximately 13.8 per cent on a partially diluted basis, assuming exercise of the warrants only), resulting in a corresponding change to the aggregate percentage ownership of Freeman by Radio Fuels.

Immediately before the acquisition, the company held no securities of the company. Immediately following the acquisition, the company held 14,166,667 subject units, representing approximately 7.4 per cent of all issued and outstanding shares as at Oct. 16, 2024 (or approximately 13.8 per cent on a partially diluted basis, assuming exercise of the warrants only).

The subject units were acquired pursuant to the private placement for a price of six cents per subject unit. The holdings of securities of Freeman by Radio Fuels are managed for investment purposes, and Radio Fuels could increase or decrease its investment in Freeman at any time or continue to maintain its current investment position, depending on market conditions or any other relevant factor.

Additional information

A copy of the applicable securities report filed in connection with the matters set forth herein may be obtained by contacting: Radio Fuels, 555 Burrard St., PO box 272, Vancouver, B.C., V7X 1M8, telephone: 403-614-2552.

About Radio Fuels Energy Corp.

The company is a junior natural resource company focused on providing exposure to uranium and other commodities through the investment, acquisition, exploration and development of projects and companies.