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Generation Uranium Extends Hold Period on Financing to Foster Long-Term Value Creation for Shareholders

Vancouver, British Columbia, Canada, February 21st, 2024 - Generation Uranium Corp. (the "Company" or "Generation"), (TSXV: GEN) is pleased to announce that due to strong demand for the recent Private Placement, made public on SEDAR, February 6, 2024, the Company will be extending the resale period of newly issued shares. The shares will now be restricted from transfers to fifty percent (50%) on each of the following days; Six (6) months and eight (8) months after closing. The extension of the holding period represents the purchaser's commitment to prioritizing long-term value creation for shareholders.

Commenting on the action, CEO Anthony Zelen states: "We have now extended the hold periods to double industry standard due to demand. This is a win for the Company as it shows we are getting long-term shareholders involved at such a pivotal time. The Company expects to close the Private Placement soon and provide updates regarding our high-grade Uranium assets in Nunavut, one of the most sought-after Uranium regions in the world today".

To further focus on our new high-grade Uranium Asset, the Company will be dropping the Option it has on the Arlington Property. Allowing us to streamline our focus, expenditure and time.

In unrelated news, the Company further announces that Gary Schellenberg has resigned from the Board of Directors to focus on other endeavors. The Company would like to thank Gary for his hard work and dedication to Generation and wish him all the best in the future.

FOR FURTHER INFORMATION CONTACT

Anthony Zelen

President and CEO

Anthonyzelen88@gmail.com

778-388-5258

About Generation Uranium

The Company is a natural resource company engaged in the exploration and development of

mineral properties. The Company holds an option to acquire a 60% interest in and to the Arlington Property, located within the Arrow Boundary District of south-central British Columbia,

and holds a 100% interest in the Yath Uranium Project, located in the Territory of Nunavut.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.