Mr. Gabriel Alonso-Mendoza reports

GAMMA RESOURCES ANNOUNCES IMPLEMENTATION OF A WARRANT INCENTIVE PROGRAM

Gamma Resources Ltd. has implemented a warrant incentive program intended to encourage the exercise of up to 9.25 million common share purchase warrants of the company.

Pursuant to the incentive program, commencing on April 16, 2026, at 9 a.m. (Vancouver time) and expiring on May 14, 2026, at 5 p.m. (Vancouver time), the company will grant to each holder of warrants who exercises their warrants during the incentive exercise period one additional common share purchase warrant for each warrant exercised. Each incentive warrant entitles the holder thereof to purchase one common share of the company for a period of three years from the date of issuance, at a price of 15 cents per share.

Holders of warrants issued by the company on June 26, 2024 (8.2 million) and Oct. 8, 2024 (1.05 million), with an exercise price of 15 cents and which expire on June 27, 2027, and Oct. 9, 2027, respectively, are able to participate in the incentive program.

Instructions for participation

To be eligible for the incentive program, the warrant holder must, during the incentive Exercise Period, duly exercise their warrants including:

• Complete and deliver to the company the original warrant exercise form, the exercise price and such additional documentation as will be requested by the company;
• The warrant exercise forms should be e-mailed to: Robert Doyle at bdoyle@pacificopportunity.com;
• The applicable aggregate exercise price must be made payable to the order of the company by way of wire, certified cheque, money order or bank draft in lawful money of Canada;
• For assistance, please contact Bob Doyle, chief financial officer of the company, at 604-561-8990 or bdoyle@pacificopportunity.com.

Gamma anticipates using the proceeds from the exercise of any warrants for general working capital and advancing exploration activities. Incentive warrants, if issued, and any shares issuable on the exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the incentive warrants. The incentive program is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The warrants which remain unexercised following the completion of the incentive exercise period will continue to be exercisable on the terms existing immediately prior to the implementation of the incentive program, and no further incentive warrants will be granted on any exercise of such warrants following the completion of the incentive exercise period.

Related party disclosure

It is anticipated that insiders of the company may participate in the incentive program. Such participation in the incentive program would be considered to be a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

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 now 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 United States nuclear landscape, and help meet this demand with responsibly sourced, U.S.-based uranium supply.

We seek Safe Harbor.