Mr. Michael Collins reports

FINAL MMT SURVEY TO BE FLOWN ON GENERATION URANIUM'S YATH PROJECT KIVALLIQ REGION, NUNAVUT

Expert Geophysics Ltd. will be flying a mobile magnetotelluric (MMT) survey over the centre and western aspects of Generation Uranium Inc.'s Yath project in the month of July.

The company expects this survey to cover the gap in the middle of Generation's existing MMT coverage as well as some aspects of the western side of the Yath claim block:

• The Central Gap zone is very important to the understanding of the geological trend projecting northwest from the Lac 50 uranium deposit, located to the south of the Yath project on Atha Energy's ground.
• The Central Gap zone also encompasses several northeast-trending structures that relate to the known uranium mineralization at Bog, MP-25, Amy's OC and Lucky Break.
• On the western side of the Yath claims, the VGR-NORM trend presents an extensive deep-seated, clay-altered and uranium-mineralized structure that is not well understood.

Note: Mineralization hosted on an adjacent property is not necessarily indicative of mineralization hosted on Generation's property.

These two MMT surveys will fill in key holes in the company's current uranium mineralization system at Yath and improve the company's ability to target drill holes in an effective and efficient manner.

MMT surveys targeting unconformity-style uranium systems focus on three key elements:

• Graphitic conductor fault zones -- high-grade unconformity uranium deposits globally are associated with basement fault zones enriched in graphite, which is highly conductive;
• Hydrothermal alteration halos -- uranium-bearing acidic fluids alter surrounding sandstone or host rocks, producing conductivity highs (clay alteration) or resistivity highs (silicification);
• Deep structural controls -- understanding the architecture of deep structures helps identify pathways for uranium-bearing fluid migration.

Integration of conductive and resistive MMT corridors with historic mapping and sampling has significantly narrowed the footprint of known targets and, importantly, improved the understanding of structural orientations beneath overburden. Targets historically defined at the scale of hundreds of metres can now be constrained to zones only tens of metres wide.

Chief executive officer Michael Collins stated: "Generation Uranium is pleased to see the final MMT package being flown through the middle and west side of the Yath project. We view this as a critical piece of the puzzle that will illuminate how the northeast and northwest structures interact as they converge in the centre of the Yath claims and a better understanding of structures on the VGR clay-altered zones. All in all, we are pleased with the way the exploration model and drill targeting is evolving this summer."

Qualified person

Michael Collins, PGeo, president, chief executive officer and director of Generation Uranium, and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

Grant of incentive stock options

The company announces that, in accordance with the company's stock option plan, it has granted to officers and consultants of the company incentive stock options to purchase up to 500,000 common shares of the company at a price of eight cents for a term of two years expiring June 30, 2028.

Finder's fee correction

The company also announces that, further to its news release of June 15, 2026, the company paid an additional $1,500 and issued 21,429 finder warrants at a price of 12 cents per finder warrant share for a period of two years expiring June 15, 2028. All securities issued are subject to a four-month hold period expiring Oct. 16, 2026.

About Generation Uranium Inc.

Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets in premier jurisdictions. Its flagship Yath project is located in Nunavut's Angilak district, one of Canada's most active and rapidly emerging uranium camps. Historic work has reported with historic results surface samples up to 9.8 per cent U3O8 (triuranium octoxide) and 1.0 metre at 0.224 per cent U3O8 from 25.5 metres in drill hole BOG-8-80.

With a growing portfolio of high-priority targets in a well-understood uranium district, Generation Uranium is well positioned to make discoveries that contribute meaningfully to the future global supply of clean nuclear energy.

We seek Safe Harbor.