Mr. Russell Starr reports

GREENRIDGE EXPLORATION ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR CARPENTER LAKE URANIUM PROJECT

Greenridge Exploration Inc. has filed a technical report dated Jan. 15, 2026, with an effective date of Jan. 25, 2026, entitled "Technical Report For The Carpenter Lake Property, South Central Athabasca Basin, Northern Saskatchewan, Canada," prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) on the Carpenter Lake uranium project. The report was written by independent qualified person Kenneth Wheatley, PGeo, MSc, of Rock U Consulting. The report is available on SEDAR+ and is published on Greenridge's website.

Statement of qualified person

All scientific and technical information contained in the report summarizing the work completed to date on the project has been reviewed and approved by Mr. Wheatley, PGeo, MSc, an independent qualified person under the definitions established by NI 43-101. The report does not contain a mineral resource estimate in accordance with NI 43-101.

The QP has reviewed and verified that the technical information with respect to all the company's exploration efforts to date contained in the report is accurate, and has approved the written disclosure of such information. The report is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key technical report recommendations

Further work on the project is recommended in the area of the Cable Bay shear zone, a prominent crustal-scale geological structure trending northeast-southwest through the project that is largely underexplored for uranium deposits. The CBSZ is characterized by a well-defined conductive signature, radiometric anomalies and numerous historically mapped uranium occurrences. A ground gravity survey to better define future drill targets is recommended over the CBSZ extending at least 500 metres of either side of the historical electromagnetic conductors.

About Carpenter Lake

Carpenter Lake is composed of 12 mineral claims covering approximately 18,680 hectares owned 60 per cent by Greenridge and 40 per cent by Renegade Gold Inc., with Greenridge acting as operator of exploration activities. Greenridge can earn a 100-per-cent interest in the project by fulfilling a schedule of cash payments, common share issuances and exploration expenditures (for details, please see Greenridge's news release dated May 30, 2024). Further information on Carpenter Lake can be accessed on the company's website.

About Greenridge Exploration Inc.

Greenridge is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration and development of critical mineral projects in Canada. The company owns or has interests in 23 projects and additional claims covering approximately 272,849 hectares with considerable exposure to potential uranium, gold, nickel and copper discoveries. The company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.

Greenridge has one of the largest uranium property portfolios in Canada consisting of 14 projects and additional prospective claims covering approximately 196,338 hectares. The company has opportunities to realize value in a further nine strategic metal projects, which include: gold, nickel and copper exploration properties totalling approximately 76,511 hectares. Property highlights include:

• The Black Lake uranium project, located in the northeastern Athabasca basin, (40 per cent Greenridge, 50.43 per cent Uranium Energy Corp. and 8.57 per cent Orano Canada) saw a 2004 discovery hole (BL-18) return 0.69 per cent triuranium octoxide over 4.4 metres.
• The Hook-Carter uranium project (20 per cent Greenridge and 80 per cent Denison Mines Corp.) is strategically located in the southwestern margin of the Athabasca basin, sitting approximately 13 kilometres from NexGen Energy Ltd.'s Arrow deposit and approximately 20 km from Paladin Energy's Triple R deposit. The Gibbons Creek uranium project hosts high-grade uraniferous boulders located in 2013, with grades of up to 4.28 per cent U3O8, and the McKenzie Lake project saw a 2023 prospecting program return three samples which included 844 parts per million U total (0.101 per cent U3O8), 273 ppm U total and 259 ppm U total.
• The Nut Lake uranium project located in the Thelon basin includes historical drilling, which intersected up to nine feet of 0.69 per cent U3O8, including 4.90 per cent U3O8 over one feet from an eight-foot depth. In 2024, Greenridge's prospecting program located a float sample that returned 31.13 per cent U3O8, sourced from the Tundra showing.
• The Firebird nickel project has seen two drill programs (seven holes totalling 1,339 m), where hole FN20-002 intersected 23.8 m of 0.36 per cent nickel and 0.09 per cent copper, including 10.6 m of 0.55 per cent Ni and 0.14 per cent Cu.

The company has strategic partnerships which include properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The company's management team, board of directors and technical team bring significant expertise in capital raising and advancing mining projects, and are poised to attract new investors and raise future capital.

We seek Safe Harbor.