Mr. Thomas Lamb reports

MYRIAD CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Myriad Uranium Corp. has closed the first tranche of its previously announced private placement financing (see Myriad's news release dated April 18, 2023). Under the first tranche of the financing, Myriad raised gross proceeds of $530,800 through the issuance of 1,769,333 units at a price of 30 cents per unit. Each unit comprises one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder to purchase one common share of the company at an exercise price of 35 cents per common share until June 1, 2025. Securities issued under the first tranche of the financing are subject to a four-month hold period expiring Oct. 2, 2023, in accordance with applicable Canadian securities laws.

The company will use the proceeds for general working capital. The company paid aggregate finders' fees of $10,178 in connection with closing the first tranche.

A director and officer of the company participated in the first tranche of the private placement, and such participation is considered to be a related party transaction as defined under Multilateral Instrument 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 Canadian mineral exploration company with a 100-per-cent option interest in over 1,800 square kilometres of uranium exploration licences in the Tim Mersoi basin, Niger. These licences are surrounded by many of the most significant uranium deposits in Africa, including Orano's 384-million-pound-U3O8 Imouraren, Global Atomic's 236-million-pound Dasa and Goviex's 100-million-pound Madaouela, and on the same fault structures. Myriad also has a 50-per-cent interest in the Millen Mountain property in Nova Scotia, Canada, with the other 50-per-cent interest held by Probe Metals Inc.

We seek Safe Harbor.