An anonymous director reports

GOVIEX ANNOUNCES UPSIZE IN BOUGHT DEAL OFFERING TO $12 MILLION

GoviEX Uranium Inc. has entered into an amended agreement with Eight Capital, pursuant to which Eight Capital will now purchase 75 million units of the company on a bought deal basis pursuant to the filing of a short form prospectus, subject to all required regulatory approvals, at a price per unit of 16 cents for aggregate gross proceeds of $12-million.

Each unit will comprise one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at an exercise price equal to the United States-dollar equivalent of 21 cents (the foreign exchange rate to be set based on the Bank of Canada daily exchange rate for United States dollars one business day prior to the closing date (as defined herein)) for a period of 36 months following the closing date of the offering.

The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 15 per cent of the units at the issue price, and/or the components thereof, exercisable in whole or in part at any time on or prior to the date that is 30 days following the closing of the offering.

The company intends to use the net proceeds of the offering for exploration, engineering as well as general corporate and working capital purposes.

The closing of the offering is expected to occur on or about Dec. 22, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including conditional approval from the TSX Venture Exchange.

About GoviEX Uranium Inc.

GoviEX is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEX's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Mutanga project in Zambia and its mine-permitted Madaouela project in Niger.

We seek Safe Harbor.