Mr. Daniel Major reports

GOVIEX URANIUM SECURES STRATEGIC ROADMAP WITH THE REPUBLIC OF NIGER FOR MADAOUELA PROJECT RESOLUTION

GoviEX Uranium Inc.'s wholly owned subsidiary, GoviEX Niger Holdings Ltd., has signed with the Republic of Niger, represented by the Minister of Mines, a letter of intent agreeing to a structured road map that details a mutually acceptable plan to negotiate a resolution to the continuing dispute regarding the Madaouela uranium project in Niger.

This road map letter formalizes the recent discussions held during and subsequent to the 2025 Mining Indaba conference in Cape Town, where both parties engaged in constructive negotiations aimed at finding an amicable resolution.

As part of this process, the companies have agreed to temporarily suspend the continuing arbitration proceedings under the ICSID Convention while discussions continue within the agreed framework. This suspension will remain in place until a resolution is reached or until it is determined that no settlement is possible.

The companies welcome the Republic of Niger's resolve to engage in dialogue and remain committed to a negotiated outcome; however, there is no certainty that the negotiations will result in a final binding and definitive agreement. Should the parties be unable to reach a definitive resolution, the arbitration proceedings may resume accordingly. GoviEX will provide further updates to the market as developments occur.

The Madaouela project is home to one of the world's largest uranium resources, with 100 million pounds of U3O8 (triuranium octoxide) in measured and indicated mineral resources, along with an additional 20 million pounds in inferred resources. At a uranium price of $80 (U.S.) per pound U3O8, the project boasts a forecast after-tax net present value (discounted at 8 per cent) of $376-million (U.S.) and an internal rate of return of 21 per cent. The project is expected to produce a total of 50.8 million pounds of U3O8, averaging 2.67 million pounds per year over its 19-year mine life.

Qualified person statement

The scientific and technical information in this release has been reviewed, verified, and approved by Jerome Randabel, MAIG, chief geologist of GoviEX, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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 Muntanga Project in Zambia.

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