Mr. Thomas Lamb reports

MYRIAD URANIUM CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT FINANCING

Myriad Uranium Corp. has closed its previously announced private placement financing (see Myriad's news release dated Jan. 10, 2023). Under the oversubscribed financing, Myriad raised gross proceeds of $550,000 through the issuance of 2.2 million units at a price of 25 cents per unit. Each unit comprised one common share of the company and one common share purchase warrant exercisable for 24 months at an exercise price of 30 cents per share. Securities issued under the financing are subject to a four-month hold period expiring June 7, 2023, in accordance with applicable Canadian securities laws.

The company did not pay any finders' fees or issue any finders' warrants in connection with the financing. The company will use the proceeds of the financing for general working capital.

Certain directors and officers of the company participated in the private placement, and such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101 (MI 61-101). This is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Myriad Uranium Corp.

Myriad Uranium is a Vancouver-based mineral exploration company with an option to earn a 100-per-cent interest in over 1,800 square kilometres of uranium exploration licences in the Tim Mersoi basin, Niger. Myriad also has a 50-per-cent interest in the Millen Mountain property located in Nova Scotia, Canada, with the other 50 per cent held by Probe Metals Inc.

We seek Safe Harbor.