Mr. Chris Huggins reports

GENERATION URANIUM ANNOUNCES CLOSING OF FIRST TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT

Generation Uranium Inc. has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $167,500 through the issuance of 3.35 million units of the company at a price of five cents per unit.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of 10 cents per share for a period of two years from the date of issuance.

The company paid a cash commission and issued 24,000 non-transferable broker warrants to Haywood Securities Inc. as finders' fees in connection with certain subscriptions under the first tranche. Each broker warrant entitles the holder to acquire one share at a price of 10 cents for a period of two years from the date of issuance.

The securities issued under the first tranche are subject to a statutory hold period of four months and one day, expiring on Feb. 3, 2026, in accordance with applicable Canadian securities laws and TSX Venture Exchange policies.

The net proceeds of the offering will be used for general working capital and corporate purposes, and to finance continuing exploration activities on the company's projects.

The offering remains subject to final approval of the TSX Venture Exchange.

About Generation Uranium Inc.

The company is a natural resource company engaged in the exploration and development of mineral properties. Generation holds a 100-per-cent interest in the Yath uranium project, located in the territory of Nunavut.

We seek Safe Harbor.