Mr. Daniel Major reports

GOVIEX URANIUM RECEIVES FINAL ORDER APPROVING ARRANGEMENT WITH TOMBADOR IRON

On Nov. 5, 2025, the Supreme Court of British Columbia granted the final order approving the previously announced plan of arrangement between GoviEX Uranium Inc. and Tombador Iron Ltd. under the Business Corporations Act (British Columbia), which will result in GoviEX becoming a wholly owned subsidiary of Tombador on closing of the arrangement. As previously announced, the arrangement was approved by GoviEX shareholders, warrantholders and optionholders at a special meeting of GoviEX securityholders held on Oct. 24, 2025.

Closing of the arrangement remains subject to satisfaction of certain closing conditions set forth in the amended and restated arrangement agreement between GoviEX and Tombador dated as of Sept. 5, 2025. Assuming that the conditions to closing are satisfied or waived, it is currently expected that the arrangement will be completed and closed on or about Nov. 12, 2025. Accordingly, it is expected that GoviEX's last trading day on the TSX Venture Exchange will be Nov. 10, 2025, and on the OTCQB on Nov. 11, 2025, with trading on the Australian Securities Exchange as Atomic Eagle forecast to commence on Nov. 18, 2025.

Further information about the arrangement can be found in GoviEX's management information circular dated Sept. 10, 2025, and related continuous disclosure documents, which are available on SEDAR+.

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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