Mr. Chris Huggins reports

GENERATION URANIUM EXPANDS YATH PROJECT WITH STRATEGIC PROPERTY ACQUISITION

Generation Uranium Inc. has acquired the Yath extension property, a strategic expansion that enhances the company's footprint in the Angilak uranium district of Nunavut.

On Oct. 23, 2025, Generation Uranium entered into a definitive purchase agreement with arm's-length vendors to acquire 100-per-cent ownership of the Yath extension property. The acquisition adds 4,123.94 hectares across five claims, increasing the total size of the Yath project to approximately 18,214.87 hectares.

Geological highlights

The Yath extension property is underlain by Archean basement rocks of the Kaminak group, known to host uranium-copper mineralization within quartz-vein stockworks and brecciated zones. Historical mapping and sampling confirm the presence of narrow, high-grade mineralized shears and fractures, with sharp boundaries of mineralization.

SC-13 zone:

• Trench A: five metres averaging 0.82 pound per ton triuranium octoxide; peak sample SC13-A4 returned 0.188 per cent U3O8, with zones of 80,000 counts per second;
• Trench B: 8.4 metres averaging 1.79 lb/ton U3O8; peak sample SC13-B3 returned 0.52 per cent U3O8, with zones of 75,000 cps;
• Mineralization includes calcite, pitchblende, hematite, pyrite and chalcopyrite;
• A float sample exhibited 10.1 per cent Na2O and 0.26 per cent uranium, indicating a distinct sodium-rich alteration signature.

PWR area:

• Historical very-low-frequency conductors remain unexplained;
• Quartz-carbonate vein systems with brecciated host rock and moderate pyrite mineralization observed.

Fox Lake

A float boulder sample showed the same sodium alteration signature observed at SC-13 zone, reinforcing exploration potential.

Strategic significance

This acquisition strengthens Generation's control over key structural corridors extending across the Yath basin and aligns with the company's objective to advance high-priority exploration targets within a proven uranium district.

Chris Huggins, chief executive officer of Generation Uranium, commented: "This acquisition meaningfully expands our Yath project and our strategic position within Nunavut's uranium belt. The additional high-value targets complement our existing portfolio and reinforce our focus on systematic exploration and discovery."

Transaction summary:

• Vendors will receive 20 million common shares of Generation Uranium;
• A cash payment of $60,000 upon closing;
• A 2-per-cent net smelter return royalty will be granted;
• Completion remains subject to TSX Venture Exchange approval and applicable resale restrictions.

Qualified person

Derrick Strickland is a non-independent and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the scientific and technical information contained in this news release. The qualified person has been unable to verify the information on the adjacent properties, and the information disclosed is not necessarily indicative of mineralization on the properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company's properties.

About Generation Uranium Inc.

Generation Uranium is a Canadian resource exploration company with a focus on uranium. The company is advancing its 100-per-cent-owned Yath uranium project, strategically located in Nunavut's Angilak district, one of Canada's most active emerging uranium camps. With a robust pipeline of high-priority exploration targets and exposure to proven uranium-bearing corridors, Generation is well positioned to contribute to the future supply of clean nuclear energy.

We seek Safe Harbor.