Mr. Michael Collins reports

GENERATION URANIUM ANNOUNCES CSE LISTING AND VOLUNTARY TSXV DELISTING

Generation Uranium Inc. has applied for and received conditional approval to list the common shares in the capital of the company on the Canadian Securities Exchange. In connection with the proposed listing on the CSE, the company has applied to voluntarily delist the shares from trading on the TSX Venture Exchange. The listing remains subject to a number of conditions, including the acceptance of the delisting application by the TSX-V and final approval of the listing application from the CSE.

The company has decided to delist from the TSX-V and list on the CSE due to the lower fee structure of the CSE, which will allow the company to focus the maximum amount of resources on exploration of its mining properties.

Subject to the satisfaction of the CSE's listing conditions and the approval of the TSX-V, the company expects that the shares will be delisted from the TSX-V effective at the close of trading on or around July 23, 2026, and will commence trading on the CSE at the opening of trading on or around July 24, 2026. The company will issue a further news release to confirm the effective dates.

The shares will be listed on the CSE under the symbol GEN and will continue to be quoted on the OTCQB Venture Market under the symbol GENRF and listed on the Frankfurt Stock Exchange under the symbol "W85".

Update on flow-through share offering

In connection with the company's proposed voluntary delisting from the TSX-V and listing on the CSE, the company will not complete its previously announced non-brokered private placement of up to 4,444,444 flow-through shares at a price of nine cents per share for aggregate gross proceeds of up to $400,000 while listed on the TSX-V. The company instead intends to complete the offering, on the same terms as previously announced in its news releases dated July 3, 2026, and July 9, 2026, following the listing. Closing of the offering is subject to the policies of the CSE and applicable securities laws and is conditional upon, among other things, completion of the listing. There can be no assurance that the offering will be completed on the terms described or at all.

All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws and to a concurrent four-month hold imposed under the policies of the CSE.

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 m 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.

Qualified person

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

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