Mr. Dev Randhawa reports

F3 ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.5 MILLION

F3 Uranium Corp. has closed its previously announced bought deal private placement for gross proceeds of $5,549,000, which includes the partial exercise of the underwriters' (as defined herein) option. Pursuant to the offering, the company sold 27,745,000 flow-through (FT) common shares of the company at a price of 20 cents per FT share.

The FT shares were issued as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and qualify as an eligible flow-through share, as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). The gross proceeds from the sale of FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, as such terms are defined in the Income Tax Act (Canada), and to incur eligible flow-through mining expenditures pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan), related to the company's uranium projects in the Athabasca basin, Saskatchewan, on or before Dec. 31, 2027. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares effective Dec. 31, 2026.

Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp., Haywood Securities Inc. and SCP Resource Finance LP, under the offering. In connection with the offering, the company paid to the underwriters an aggregate cash commission of $305,195, equal to 5.5 per cent of the gross proceeds raised in respect of the offering. The company also issued to the underwriters a total of 1,525,975 warrants of the company, equal to 5.5 per cent of the number of FT units sold pursuant to the offering. Each broker warrant entitles the holder thereof to purchase one common share of the company at the offering price at any time on or before April 17, 2028.

The FT shares are subject to a hold period in Canada ending on Aug. 18, 2026, which is four months plus one day following the issue date as defined in Subsection 2.5(2) of Multilateral Instrument 45-102, Resale of Securities. The closing of the offering remains subject to the final approval of the TSX Venture Exchange.

About F3 Uranium Corp.

F3 is a uranium exploration company, focusing on the high-grade JR zone and new Tetra zone discovery 13 kilometres (km) to the south in the PW area on its Patterson Lake North (PLN) project in the western Athabasca basin. F3 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 project and NexGen's Arrow project.

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