Mr. Michael Collins reports

GENERATION URANIUM STARTS SUMMER 2026 FIELD PROGRAM AT THE YATH PROJECT, KIVALLIQ REGION, NUNAVUT. PROJECT

Generation Uranium Inc. has started its inaugural field program for the Yath project in the Kivalliq region in Nunavut.

The company has assembled a team with strong skills in geophysics, structural geology and prospecting. The focus of this initial program will be to define discrete drill targets at historic showing, ground-truth and define drill targets from new anomalies defined from the Expert Geophysics MMT (mobile magnetotelluric) survey, and finally deliver a ranked drill target program for execution on receipt of the company's drill permit.

With the initial database compilation of historical and 2024 MMT data, the company is now focused on drill targeting through:

• The ground integration of the MMT conductors into the 17 original targets;
• The ground checking new targets defined by the MMT survey;
• Reviewing conductors that are on trend with Atha Energy's Lac 50 historic deposit.

Chief executive officer Michael Collins commented: "I joined Generation eight months ago in November, 2025, because I believe Yath has exceptional discovery potential. Two thousand twenty-six is where it is all starting to come together, with the final MMT survey being complete and target selection in anticipation of drilling.

"I envy our geology team's opportunity to be a part of this project at such a pivotal moment, but I also think they have a tough job sifting through so many great targets."

With over 173 square kilometres of ground in the Angikuni basin, the Yath project is surrounded north and south by Atha Energy's Angilak project, where Atha has three drills running, following up on their 2025 program where they made five new discoveries.

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

Key targets for Generation's 2026 targeting program include:

• VGR trend: The VGR trend extends for approximately five kilometres along a major fault structure that is characterized by elevated radioactivity and extensive clay-silica alteration:
  • Grab sample grades reaching up to 3.75 per cent U3O8 (triuranium octoxide); four RC (reverse circulation) drill holes tested the main VGR showing, returning encouraging results; one hole recorded strongly elevated downhole radioactivity ranging from 5,000 to 15,000 counts per second (Mount Sopris probe) over the upper 65 metres; a rock grab sample from the VGR zone returned 1.65 per cent U3O8.
• BOG-Embryo Creek trend: The BOG-Embryo Creek trend hosts a three-kilometre radioactive corridor of rocks and boulders that is largely concealed by overburden. Uranium and sulphide mineralization appears to be concentrated in zones of enhanced fracturing and dike-related alteration:
  • Historical prospecting in the BOG-Embryo Creek area (1981) led to the discovery of several high-grade showings within granitic gneiss. Showing MM81-276 returned 9.81 per cent U3O8, 0.73 per cent copper, 0.79 per cent MoS2 (molybdenum disulphide) and 3.7 ounces per ton silver. DAB-81-200 returned 2.14 per cent U3O8, 0.22 per cent MoS2 and 0.42 ounce per ton silver while JD-81-41, a hematized mylonite gneiss boulder, assayed 3.97 per cent U3O8 and 1.0 m at 0.224 per cent U3O8 from 25.5 metres in drill hole BOG-8-80.
• Lucky Break area: The Lucky Break area features several highly radioactive rocks containing multiple metals and pitchblende in quartz-carbonate breccia veins found just below the surface. The polymetallic sulphides are minerals composed of multiple metals, often including copper, lead, zinc and nickel.
• SC-13 zone: The SC-13 zone consists of two historical trenches with significant uranium values. Trench A returned an average of 0.82 pound per ton U3O8, with peak sample SC13-A4 grading 0.188 per cent U3O8 and local radioactivity reaching 80,000 counts per second. Trench B averaged 1.79 pounds per ton U3O8 over 8.4 metres, with a peak value of 0.52 per cent U3O8 (sample SC13-B3) and radioactivity up to 75,000 counts per second.

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.

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 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.