Mr. Thomas Lamb reports

MYRIAD URANIUM ANNOUNCES ADDITION OF HIGHLY PROSPECTIVE TARGET AREA REVEALED BY HISTORIC DATA TROVE, INCREASES WYOMING LAND POSITION BY 41 per cent

Myriad Uranium Corp. has staked the Knob claims, a significant uranium target area in the Copper Mountain uranium district. Historical information from Neutron Energy Inc. suggests that the Knob claims contain a potential target of up to 500,000 pounds (lb) triuranium octoxide (U3O8) at 0.15 per cent with significant potential for expansion. The Knob claims are comprised of 52 Wyoming mineral claims aggregating 780 acres. The area is now part of the Copper Mountain project, in which Myriad holds a 75-per-cent earnable interest.

The identification and acquisition of the Knob claims is a result of Myriad's continuing review of proprietary paper-based historical datasets. The Knob target areas' mineralization is understood to be in a flat-lying zone of fracturing within the host granite.

"I remind everyone of a statement made in a 2010 Neutron Energy internal memorandum that we possess," remarked Thomas Lamb, Myriad's chief executive officer. "The statement is: "Copper Mountain has world-class potential in the brownfield exploration and expansion of the Copper Mountain District." Myriad Uranium is intent on confirming this statement. Our ongoing review of several historical data sets has revealed an array of compelling high-grade targets that do not form part of the historic resource estimates we've previously reported. The estimates were generated by Union Pacific to support a medium-grade bulk tonnage mine focused on the Canning deposit in the centre of our claim area. Union Pacific and subsequent owners of parts of our current claims, such as Neutron Energy (now part of enCore), also understood that high grade exploration targets are in abundance in the district and needed to be followed up, but they ran out of time. As we take up the helm, we are optimistic that Knob and other areas in our pipeline could significantly increase the grade and volume of uranium we can report at Copper Mountain. There is much more to come, so please stay tuned."

This is the first of many planned expansions at Copper Mountain, adding to a claim area that already includes the past-producing Arrowhead mine, the Canning deposit, the Fuller deposit, and a number of other uranium deposits and mines. It is expected that the historical data trove will continue to allow Myriad to add high-potential prospects to the project.

A qualified person (as defined under National Instrument 43-101) has not done sufficient work to classify the historical target estimate reported in this news release as a current mineral resource or mineral reserve and Myriad is not treating the historical target estimate as a current mineral resource or mineral reserve. In particular, the company does not know the key assumptions, parametres and methods used to prepare the historical target estimate. Also, the company does not have any more recent estimates or data available respecting the historical target estimate. In order to verify the historical target estimate referenced in this release, additional exploration work will be required, including drilling.

Qualified person

The scientific or technical information in this news release respecting the company's Copper Mountain project has been approved by George van der Walt, MSc, PrSciNat, MGSSA, a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). It is based on the qualified person's initial review of historical reports which were recently obtained by the company. The information did not include original data such as drilling records, sampling, analytical or test data underlying the information or opinions contained in the written documents. Therefore, the qualified person has not reviewed or otherwise verified the information and has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. The qualified person considers the information to be relevant based on the amount and quality of work undertaken and reported historically. A more thorough review of any available original data will be undertaken and reported on in more detail in future releases.

About Myriad Uranium Corp.

Myriad Uranium is a uranium exploration company with an earnable 75-per-cent interest in the Copper Mountain uranium project in Wyoming, United States. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead mine which is understood to have produced 500,000 lb of eU3O8 at a grade of 0.15 per cent. Copper Mountain saw extensive drilling and development by Union Pacific, which developed a mine plan and built a leach pad for one of the deposits at Copper Mountain. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the project area has significant exploration upside. Union Pacific is estimated to have spent $117-million (2023 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here.

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