Mr. Daniel Major reports

GOVIEX-TOMBADOR TRANSACTION RECEIVES SHAREHOLDER APPROVAL FROM TOMBADOR

Further to GoviEX Uranium Inc.'s news release dated Oct. 6, 2025, shareholders of Tombador Iron Ltd. have approved all shareholder resolutions required to complete the proposed reverse takeover of Tombador by GoviEX.

At a general meeting held on Oct. 8, 2025, Tombador shareholders passed, by the requisite majorities, the resolutions relating to the transaction, including the issuance of consideration shares to GoviEX shareholders and replacement options to GoviEX optionholders and warrantholders as well as the change of name to Atomic Eagle Ltd.

Daniel Major, chief executive officer of GoviEX Uranium, said: "We welcome the strong support shown by Tombador's shareholders. Their approval is a key milestone toward forming Atomic Eagle Ltd. as an ASX-listed [Australian Securities Exchange] uranium developer with a strengthened balance sheet, a simplified corporate structure, and a clear mandate to advance and improve the Muntanga uranium project in Zambia. With GoviEX securityholders set to vote on Oct. 24, we remain firmly on track to complete the transaction and unlock long-term value for all stakeholders."

A full summary of the resolutions passed and voting results has been lodged by Tombador with the ASX.

As previously announced, GoviEX will hold a special meeting of its shareholders, warrantholders and optionholders on Oct. 24, 2025, to vote on the transaction.

The closing of the transaction continues to be targeted for early November, 2025, subject to the approval of GoviEX's securityholders, as well as regulatory and court approvals and completion of Tombador's concurrent capital raising and ASX recompliance listing, as set out in the Tombador prospectus lodged with the Australian Securities and Investments Commission on Oct. 6, 2025.

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.

We seek Safe Harbor.