Mr. Gabriel Alonso-Mendoza reports

GAMMA RESOURCES COMPLETES STRATEGIC URANIUM ACQUISITIONS IN UTAH AND NEW MEXICO

The TSX Venture Exchange has approved the acquisition of the Green River and Mesa Arc uranium projects, previously announced on April 16, 2025.

Under a lease agreement dated April 14, 2025, with an arm's-length vendor, C Bar B Properties Corp., Gamma has secured a four-year lease with an exclusive option to purchase two advanced-stage uranium exploration projects located in Utah and New Mexico, United States. The agreement covers a total of 82 mining claims, with 41 claims in each state.

Key terms of the lease agreement:

• Initial consideration:
  • $50,000 (U.S.) upon signing;
  • $200,000 (U.S.) payable within 120 days of execution;
• Annual lease payments:
  • $250,000 (U.S.) on each of the first, second and third anniversaries;
• Option to purchase:
  • Exclusive option to acquire a 100-per-cent interest in both project areas for a cash payment of $1.8 million (U.S.);
  • The initial consideration and all annual lease payments are creditable toward the purchase price;
• No royalty or minimum work obligation:
  • No production royalty payable to the vendor;
  • No exploration or development spending commitments;
• Additional rights:
  • Full in situ recovery, mining, surface and subsurface rights granted;
  • All exploration data generated remain the sole property of the company;
  • One-mile area of interest safeguarded, with two-year posttermination restriction on competing claims or acquisitions.

The company did not pay a finder's fee for this transaction.

Gamma's immediate focus will be on advancing the Green River project in Utah, where fieldwork is expected to commence later in 2025. This milestone marks an important step in the company's strategy to build a United States-based portfolio of high-impact uranium assets to help meet the growing demand for domestic North American uranium supply.

For additional details on the Green River project and the acquisition terms, please refer to the company's April 16, 2025, news release.

Gabriel Alonso-Mendoza, president and chief executive officer of Gamma Resources, commented: "The completion of these acquisitions marks a pivotal step in Gamma's entry into the U.S. uranium sector. These projects establish a strong foundation as we work to build a portfolio of high-impact uranium assets in key U.S. jurisdictions. Together with the recent closing of the first tranche of our financing, we are now strategically positioned to advance our portfolio and drive value through targeted exploration. With global demand for secure, domestic uranium supply on the rise, we are excited to play a role in supporting North America's clean energy future."

Mark Saxon (FAusIMM, MAIG), a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), a director of the company, has reviewed and approved the scientific and technical disclosure in the news release.

About Gamma Resources Ltd.

Gamma Resources is a United States-focused uranium exploration and development company advancing high-quality assets in the Mountain West region. The company's portfolio includes the Green River project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc project in New Mexico, a strategic land position totalling 4,520 acres that includes historic uranium resources in the Chama basin. Management believes the company is uniquely positioned to benefit from the unprecedented policy and market tailwinds reshaping the U.S. nuclear landscape and help meet this demand with responsibly sourced, United States-based uranium supply.

Gamma trades on the TSX Venture Exchange, the OTC and the Frankfurt exchange.

We seek Safe Harbor.