Mr. Connor Messler reports

GAMMA RESOURCES ANNOUNCES LEADERSHIP TRANSITION: C. CONNOR MESSLER TO BECOME CHIEF EXECUTIVE OFFICER AND GABRIEL ALONSO-MENDOZA TO BECOME CHAIRMAN; GRANTS INCENTIVE STOCK OPTIONS

Gamma Resources Ltd. has made a planned leadership transition. C. Connor Messler, the company's president, has been appointed chief executive officer and will continue to serve as president. Gabriel Alonso-Mendoza, previously chief executive officer, has been appointed chairman of the board of directors. Mark Saxon has stepped down as chairman and as a director of the company. Each change is effective immediately.

The transition is part of the board's succession planning and builds on the close working relationship between Mr. Messler and Mr. Alonso-Mendoza in leading the company. Mr. Alonso-Mendoza will continue to work closely with Mr. Messler to ensure continuity of the company's strategy and operations.

"Having served as president alongside Gabriel, I am honoured to take on the role of chief executive officer," said Mr. Messler, president and chief executive officer. "Gabriel built a strong foundation at Gamma, and I look forward to continuing to work with him in his new role as chairman. Our focus remains on disciplined execution, advancing our projects and creating long-term value for our shareholders."

Mr. Messler has served as president of Gamma since May, 2026, bringing a background in mineral exploration and program management to the role. As president, he has led the company's preparations for the first phase of fieldwork at the Mesa Arc and Green River projects, including planning and permitting for a radon flux survey at Mesa Arc and historic drill hole surveys at Green River. He also played a key role in completing the settlement of the company's legacy debt in June, 2026.

"Connor has been instrumental to Gamma's progress as president, and he is the natural choice to lead the company as chief executive officer," said Mr. Alonso-Mendoza, chairman of the board. "I look forward to supporting him and the management team as chairman. On behalf of the board, I also thank Mark for his leadership and many contributions to the company."

Mr. Alonso-Mendoza has served as chief executive officer of the company since August, 2023. During his tenure, he led the company's transformation from Medallion Resources Ltd., a rare earth processing technology company, to Gamma Resources, a United States-focused uranium explorer. Under his leadership, the company secured the Green River and Mesa Arc uranium projects in 2025, expanded the Mesa Arc land position to approximately 4,520 acres by staking additional federal lode claims, raised more than $5.2-million in equity capital through private placements and warrant exercises, and cleared its legacy debt in June, 2026. As chairman, he will continue to provide strategic guidance to the company.

"It has been a privilege to serve as chairman of Gamma Resources," said Mark Saxon. "I am proud of what we have accomplished together. With Gabriel moving into the chairman role and Connor stepping up as chief executive officer, the company is well positioned for continuity and growth. I wish them and the entire Gamma team continued success."

Mr. Saxon, a geologist with more than 25 years of experience in critical mineral exploration and development, has had a long association with the company, having previously served as its president and chief executive officer before being appointed chairman in October, 2023. As chairman, he guided the board through the company's transformation into a United States-focused uranium explorer, including securing the Green River and Mesa Arc projects and rebranding the company as Gamma Resources. The board thanks Mr. Saxon for his service and wishes him well in his future endeavours.

Grant of incentive stock options

The company also announces that it has granted an aggregate of 3,125,000 incentive stock options to certain of the company's directors, officers and consultants pursuant to the company's stock option plan.

Each option entitles the holder to purchase one common share of the company at an exercise price of eight cents per common share for five years from the date of grant, expiring Oct. 27, 2031. The options vest immediately. The options and any common shares issued upon exercise are subject to a four-month hold period from the date of grant in accordance with the TSX Venture Exchange's policies. The grant of the options remains subject to the TSX Venture Exchange's acceptance.

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 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, United States-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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