Mr. Gabriel Alonso-Mendoza reports

GAMMA RESOURCES CLOSES $1,750,000 PRIVATE PLACEMENT

Gamma Resources Ltd. has closed the second and final tranche of its non-brokered private placement for gross proceeds of $877,500. Further to the company's news releases of July 31, 2026, Aug. 27 and Aug. 28, 2026, and Sept. 11, 2026, the company has raised aggregate gross proceeds of $1.75-million in the offering.

The private placement consists of 21,875,000 units at a purchase price of eight cents per unit. Each unit consists of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 12 cents for a period of 36 months following the closing of the private placement. In connection with the closing of the final tranche, the company issued 10,968,750 units for gross proceeds of $877,500. Finders' fees are payable with respect to the second tranche, including cash of $7,770 and 97,125 finders' warrants. Each finder's warrant will entitle the holder to acquire one additional common share at an exercise price of eight cents for a period of 24 months following the closing of the private placement.

Insiders of the company have participated in the second tranche for an aggregate of 1,562,500 shares. Such participation is considered to be a related-party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to related parties, nor the consideration for such securities will exceed 25 per cent of the company's market capitalization.

The completion of the second tranche of the private placement is subject to the acceptance of the TSX Venture Exchange.

Gabriel Alonso-Mendoza, chief executive officer and director of Gamma, commented: "We are grateful for the support from our existing shareholders and pleased to welcome new strategic investors to the company as well. The proceeds from this financing will allow Gamma to continue exploration at its Mesa Arc project in New Mexico and its Green River project in Utah, and for general working capital and corporate purposes."

All securities issued in connection with the private placement will be subject to a four-month-plus-one-day hold period from the closing date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange.

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 of the United States. 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 well positioned to benefit from the policy and market tailwinds reshaping the U.S. nuclear landscape and to help meet growing demand with responsibly sourced, U.S.-based uranium supply.

Gamma trades on the TSX Venture Exchange, in the United States on the OTCQB and in Germany on the Frankfurt Stock Exchange.

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