Mr. Anthony Zelen reports

GENERATION URANIUM ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE PROCEEDS OF CAD$400,000

Generation Uranium Inc. has closed its non-brokered private placement of the company as previously announced on Feb. 7, 2024.

The offering closed with the issuance of four million common shares at a price of 10 cents per share for aggregate proceeds of $400,000. All shares are subject to final TSX Venture Exchange approval, a finders' fee of 320,000 common shares and 320,000 finders' warrants were paid upon closure. The finders' warrants entitle the holder to purchase one common share at an exercise price of 10 cents for 24 months following the completion of the offering, being March 15, 2026, and a hold period which expires on Sept. 15, 2024. All shares issued pursuant to the offering have periods expiring on Sept. 15, 2024 (two million shares), and Nov. 15, 2024 (two million shares).

The company intends to use the net proceeds to help define new drill targets on the Yath project, a high-grade uranium property situated in the Thelon basin in Nunavut, Canada, and general working capital.

About Generation Uranium Inc.

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-per-cent interest in and to the Arlington property, located within the Arrow Boundary district of south-central British Columbia, and holds a 100-per-cent interest in the Yath uranium project, located in the Territory of Nunavut.

We seek Safe Harbor.