Plan of arrangement

The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length arrangement agreement dated Sept. 27, 2023, between IsoEnergy Ltd. and Consolidated Uranium Inc. On Dec. 5, 2023, pursuant to the terms of the arrangement agreement and a court-approved plan of arrangement under the Business Corporations Act (Ontario), IsoEnergy completed the acquisition of all of the issued and outstanding common shares of Consolidated Uranium.

Under the arrangement, former Consolidated Uranium shareholders received 0.5 of an IsoEnergy common share for each Consolidated Uranium share held.

Consolidated Uranium shareholders approved the arrangement on Nov. 28, 2023, at a special meeting of shareholders. The Ontario Superior Court of Justice Commercial List approved the plan of arrangement on Nov. 30, 2023, and the arrangement closed on Dec. 5, 2023.

For more details, please refer to IsoEnergy's news releases dated Sept. 27, 2023, Dec. 1, 2023, and Dec. 5, 2023, each of which is available on SEDAR+.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Sept. 27, 2023, and Sept. 29, 2023. The private placement raised gross proceeds of $36,605,250 through the issuance of 8,134,500 subscription receipts at a price of $4.50 per subscription receipt. Each subscription receipt automatically converted into one common share in connection with the closing of the arrangement. The following common shares have been issued.

Number of shares:  8,134,500 shares

Purchase price:  $4.50 per share

Number of placees:  10 placees

Total existing insider involvement:  3,333,350 (one insider)

Agents' fees:  Canaccord Genuity Corp., $175,954.27 cash; TD Securities Inc., $117,302.85 cash; Eight Capital, $117,302.85 cash; Haywood Securities Inc., $36,657.14 cash; Red Cloud Securities Inc., $36,657.14 cash; Cormark Securities Inc., $20,528 cash; Paradigm Capital Inc., $20,528 cash; PI Financial Corp., $20,528 cash; Raymond James Ltd., $20,528 cash; SCP Resource Financial LP, $20,528 cash

The company issued news releases dated Oct. 19, 2023, and Dec. 5, 2023, confirming the closing the private placement.

Please see elsewhere in the TSX Venture Exchange bulletins issued today for information regarding the implications of the arrangement for Consolidated Uranium.