Mr. Stephen Roman reports

GLOBAL ATOMIC CORRECTS URANIUM SALES QUANTITY

Global Atomic Corp. has corrected the U3O8 (triuranium octoxide) offtake sales quantity in today's earlier news release.

Global Atomic has formalized the letter of intent announced in October, 2023, by signing a definitive agreement for the sale of up to 700,000 pounds uranium per annum from the company's Dasa project in the Republic of Niger. This would represent up to 3.5 million pounds over the five-year agreement. Today's earlier news release stated that the contract was for 350,000 pounds uranium per annum, totalling 1.75 million pounds over the five-year agreement.

About Global Atomic Corp.

Global Atomic is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash flowing zinc concentrate production.

The company's uranium division includes four deposits, with the flagship project being the large, high-grade Dasa project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa mining permit and an environmental compliance certificate by the Republic of Niger, the Dasa project is fully permitted for commercial production. The phase 1 feasibility study for Dasa was filed in December, 2021, and estimates yellowcake delivery to utilities to commence in 2026. Mine excavation began in Q1 2022.

Global Atomic's base metals division holds a 49-per-cent interest in the Befesa Silvermet Turkey SL (BST) joint venture, which operates a modern zinc production plant, located in Iskenderun, Turkiye. The plant recovers zinc from electric arc furnace dust (EAFD) to produce a high-grade zinc oxide concentrate, which is sold to zinc smelters around the world. The company's joint venture partner, Befesa Zinc SAU (Befesa), holds a 51-per-cent interest in, and is the operator of, the BST joint venture. Befesa is a market leader in EAFD recycling, with approximately 50 per cent of the European EAFD market and facilities located throughout Europe, Asia and the United States of America.

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