Mr. Anthony Zelen reports

GENERATION URANIUM TO BEGIN EXPLORATION PROGRAM ON ITS 100% WHOLLY OWNED YATH PROJECT IN NUNAVUT, CANADA

Generation Uranium Inc. will begin an inaugural exploration program will begin on its 85-square-kilometre, 8,500-hectare property located in the Thelon basin in Nunavut, Canada. Due to strong historical sampling and anticipated long-term elevated world spot uranium pricing due to favourable supply and demand dynamics, the company anticipates that it will expend a significant amount of its capital resources into the basin in 2024. Generation's Yath project is located in the Thelon basin mining jurisdiction, which exhibits strategic land positioning and is situated along trend from the 43-million-pound Lac 50 uranium deposit being advanced by Latitude Uranium, currently being acquired by Atha Energy Corp. for an all-share acquisition valued at $64.7-million. Management believes Yath covers a possible western extension of the Lac 50 trend and associated commercialization potential. Historical grades at Yath conducted by Pan Ocean Oil Ltd. in the 1980s highlight the known uranium and secondary mineralization of the property. In 1981, sample Bog-8-80 DDH revealed a promising intersection, assaying one metre at 0.224 per cent U3O8 (triuranium octoxide) from 25.5 metres, with chip samples registering 6.7 per cent U3O8 and 0.7 ounce per ton of silver. Additional sampling from granoblastic gneiss in 1982 (sample MM-276) in the heart of the Yath claim returned 14,000 counts per second, 9.81 per cent U3O8 and 3.7 ounces per ton silver.

Additionally, field samples conducted by Kivalliq Energy Corp. between 2012 and 2014 discovered U3O8 values ranging from 1 per cent to 10 per cent, with a confluence of faults and basin unconformity cover. High-grade samples localized along regional faults were observed coinciding with a VGR trend identified in a seismic line from 2012. These findings validate results from the 1970s, indicating significant potential for uranium mineralization in the zone.

With high-grade historic results and extensive historical work, the company is anticipated to resume additional field exploration in the coming weeks at Yath to better decipher the near-term drill target potential of known uranium mineralization. Generation believes in the untapped potential at Yath as adequate diamond drilling was never conducted as a consequence of the downturn in uranium prices subsequent to the Fukushima nuclear incident.

Generation would also like to announce a new website and corporate presentation.

Generation will provide timely operational updates to investors as the situation warrants.

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.

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