Mr. Thomas Lamb reports

MYRIAD NOW HOLDS 80% INTEREST IN NIGER PROPERTIES

Loxcroft Resources Ltd. has waived Myriad Uranium Corp.'s obligation to incur additional exploration expenses to earn an 80-per-cent interest in over 1,800 square kilometres of uranium exploration licences in the Tim Mersoi basin, Niger, and therefore Myriad now holds an 80-per-cent interest in the Niger projects. The Niger projects are surrounded by many of the most significant uranium deposits in Africa and are located on the same fault structures as Orano's 384 million pounds of eU3O8 Imouraren, Global Atomic's 236 Mlb Dasa and Goviex's 100 Mlb Madaouela.

Myriad's chief executive officer, Thomas Lamb, stated: "Since August, 2022, when we executed our option agreement, Loxcroft has been our steadfast partner in Niger, sharing our commitment to the country and our conviction that we have a real chance at making one or even several world-class uranium discoveries there. This gesture by Loxcroft eliminates almost $1.7-million in spending requirements and transforms us from optionholder into an 80-per-cent owner. It's an enormous boost. Myriad has another five years to earn up to 100 per cent of the Niger projects."

He continued: "Niger has produced and exported uranium uninterrupted for over 50 years, through numerous changes of government. The sector provides much-needed employment and revenue streams for the country. In due course the political situation will stabilize and we and our fellow participants in the minerals sector will continue investing in the country. We reaffirm our commitment to Niger and its people."

Please refer to the company's Aug. 17, 2022, news release for details regarding the option agreement between Myriad and Loxcroft.

About Myriad Uranium Corp.

Myriad Uranium is a Canadian mineral exploration company with 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-triuranium-octoxide-equivalent Imouraren, Global Atomic's 236 Mlb Dasa and Goviex's 100 Mlb 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 held by Probe Metals Inc.

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