Mr. Roger Lemaitre reports

HOMELAND RECEIVES DRILLING PERMITS FOR INAUGURAL DRILL PROGRAM AT CROSS BONES URANIUM PROJECT

Homeland Uranium Corp.'s wholly owned subsidiary, Shift Exploration Inc., is now fully permitted to commence an inaugural drill program for the 100-per-cent-owned Cross Bones uranium project in Moffat and Rio Blanco counties, Colorado. All federal and state approvals have been received from both the U.S. Bureau of Land Management and the Colorado Division of Reclamation, Mining and Safety for up to 30 diamond drill holes. The permits are valid through June, 2028.

The permitted drill program will be conducted in two phases, which, combined, will be part of the work required to validate the historical Cross Bones uranium deposit. The first phase of the program will consist of four to six drill holes designed to twin historical holes drilled in 1977 to 1978 by previous explorers Anschutz Uranium Corp. and Ashland Minerals and will begin the process of confirming continuity in the core of the known deposit area. Phase I is expected to commence in the fall once a drilling contractor is selected. The second phase of the drill program will follow the company's receipt of the phase I results to confirm the validity of the company's Cross Bones historical drilling data set.

Roger Lemaitre, president and chief executive officer of Homeland, stated: "With the recent acquisition of historical data sets, the preliminary results of our May mapping and prospecting program confirming the presence of radioactive outcrops in the Cross Bones uranium deposit area, and, of course, the company's discovery of the new East Ridge showing, the Cross Bones project has quickly evolved into an exciting and compelling exploration property. With permits now in hand, we eagerly anticipate the commencement of the phase I drilling campaign this fall."

Data from the spring 2026 mapping program were instrumental in guiding the company's targeting plan for the coming drill program. Field radiometric readings of up to 4,000 counts per second (CT007-M instrument) were recorded from surface outcrops within the historical Cross Bones deposit area (see the company's news release dated June 1, 2026).

Preparations for additional detailed mapping and outcrop sampling are under way to further evaluate the recently discovered East Ridge showing, located approximately five kilometres (3.1 miles) east of the outcropping Cross Bones deposit (see the company's news release dated June 1, 2026). This additional information will be critical in designing a future drilling campaign for this area. The East Ridge showing contains elevated radioactivity ranging from 450 to 3,400 counts per second (CT007-M) in outcropping sandstone, shale and thin coal units within the Sego sandstone formation over a strike length of 500 metres (1,640 feet). These measurements are qualitative in nature and indicate elevated radioactivity but are not direct measures of uranium grade.

About Homeland Uranium Corp.

Homeland Uranium is a mineral exploration company focused on becoming a premier U.S.-focused and resource-bearing uranium explorer and developer. The company is 100-per-cent owner of the Coyote Basin and Cross Bones uranium projects in northwestern Colorado.

Qualified person

Nancy Normore, PGeo, the company's vice-president, exploration, is a qualified person as defined in National Instrument 43-101 and has reviewed and approved the technical content of this news release.

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