Mr. Dev Randhawa reports

F3 ISSUES SHARES FOR INTEREST DEBT SETTLEMENT

F3 Uranium Corp., pursuant its financing agreement with Denison Mines Corp. from October, 2023, has elected to settle a portion of the interest accrued to date in common shares.

The payment to Denison will consist of a cash payment of $225,000 and a total of 815,217 common shares of the corporation at a deemed price of 13.8 cents per share

Terms of the debenture as previously announced

The debenture carries a coupon of 9 per cent, payable quarterly, has a maturity date of Oct. 18, 2028, and is convertible at Denison's option into common shares of the company at a conversion price of 56 cents per share. F3, at its sole discretion, may pay up to one-third of the interest in common shares of F3 issued at a price per common share equal to the volume-weighted average trading price of F3's common shares on the TSX Venture Exchange for the 20 trading days ending on the day prior to the date on which such payment of interest is due. Full details of the debenture are noted in the news releases of Oct. 6, 2023, and Oct. 18, 2023.

All securities issued pursuant to the debt settlement are subject to the approval of the TSX Venture Exchange and, when issued, a statutory hold period in Canada expiring four months and one day from the date of issuance.

The share-for-debt transaction was approved by the company's board of directors pursuant to the terms of the debenture and did not require a formal valuation nor minority shareholder approval pursuant to Multilateral Instrument 61-101.

About F3 Uranium Corp.

F3 Uranium is a uranium exploration company, focusing on the recently discovered high-grade JR zone on its Patterson Lake North (PLN) project in the western Athabasca basin. F3 Uranium currently has three properties in the Athabasca basin: Patterson Lake North, Minto and Broach. The western side of the Athabasca basin, Saskatchewan, is home to some of the world's largest high-grade uranium deposits, including Paladin's Triple R and Nexgen's Arrow.

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