Mr. Rob Leckie reports

FUTURE FUELS ANNOUNCES CLOSING OF BROKERED OFFERING FOR GROSS PROCEEDS OF C$6.6 MILLION

Future Fuels Inc. has closed its previously announced best efforts private placement for aggregate gross proceeds of $6,569,426 from the sale of: (i) 6,342,750 units of the company at a price of 32 cents per unit; and (ii) 11,946,700 flow-through (FT) units of the company at a price of 38 cents per FT unit. Red Cloud Securities Inc. acted as sole agent and bookrunner in connection with the offering.

Each unit consists of one common share of the company and one common share purchase warrant. Each FT unit consists of one common share of the company issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each unit warrant and FT unit warrant entitles the holder to purchase one common share of the company at a price of 45 cents at any time on or before Oct. 22, 2029. The unit warrants shall not be exercisable until the date that is 61 days from the date of their issuance, being Dec. 22, 2026.

The company intends to use the net proceeds from the sale of the units for the exploration of the company's Hornby basin project, as well as for working capital and general corporate purposes, as is more fully described in the offering document (as herein defined).

The gross proceeds from the sale of the FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in the Income Tax Act (Canada) related to the company's projects on or before Dec. 31, 2027. All qualifying expenditures will be renounced in favour of the subscribers of the FT units effective Dec. 31, 2026.

In accordance with National Instrument 45-106, Prospectus Exemptions, the units were sold to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issuable from the sale of the units to purchasers under the listed issuer financing exemption are not subject to resale restrictions in accordance with applicable Canadian securities legislation. All securities not issued pursuant to the listed issuer financing exemption, which includes the FT shares, the FT unit warrants, any common shares issuable upon exercise of FT unit warrants, the broker warrants and any broker warrant shares (each as defined herein) issued upon exercise of broker warrants, are subject to a hold period in Canada, in accordance with applicable Canadian securities legislation, expiring four months and one day following the issue date, being Feb. 23, 2027.

There is an offering document related to the offering of units under the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.

As consideration for its services, Red Cloud received aggregate cash fees of $423,858.12 and 1,169,127 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share of the company at the unit price at any time on or before Oct. 22, 2029.

The offering is subject to the final approval of the TSX Venture Exchange.

About Future Fuels Inc.

Future Fuels' principal asset is the Hornby project, covering the entire 3,407-square-kilometre Hornby basin in northwestern Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake system. Additionally, Future Fuels holds the Covette project in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares.

We seek Safe Harbor.