Mr. Ungad Chadda reports

GLOBAL URANIUM CORP. ANNOUNCES LIFE FINANCING

Global Uranium Corp. intends to complete a non-brokered private placement financing under the listed issuer financing exemption (LIFE) for minimum gross proceeds of $450,000 and maximum gross proceeds of $932,736.

The LIFE offering will consist of a minimum of 2,045,455 units and a maximum of 4,239,711 units of the company at a price of 22 cents per unit. Each unit will consist of one common share in the capital of the company and one common share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at an exercise price of 30 cents per common share, commencing on the date that is 61 days following the closing of the LIFE offering and ending 24 months following the closing.

The company intends to use the available funds from the LIFE offering, together with its existing working capital, primarily for exploration expenditures relating to the Astro uranium project and the company's uranium projects in Wyoming, general and administrative expenditures, and general working capital purposes.

The LIFE offering is expected to close on or about Oct. 16, 2026, or such other date or dates as the company may determine, and may close in one or more tranches. The LIFE offering is subject to the approval of the Canadian Securities Exchange. The company has not engaged any dealers or finders in connection with the LIFE offering, and no commissions, finders' fees or finders' warrants will be paid or issued in connection with the LIFE offering.

The LIFE offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and is being made to purchasers resident in all provinces of Canada, except Quebec and New Brunswick. The securities issued pursuant to the LIFE offering are expected to be immediately freely tradeable under applicable Canadian securities legislation.

There is an offering document related to the LIFE offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Global Uranium Corp.

Global Uranium is an exploration-stage company focused on exploring and developing uranium assets primarily in North America. The company currently has rights to the Wing Lake property in the Mudjatik domain of Northern Saskatchewan, the Astro uranium project in the eastern Athabasca basin, Saskatchewan, and uranium projects located in the Great Divide Basin, Gas Hills and Copper Mountain districts of Wyoming, U.S.

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