Mr. Thomas Lamb reports

MYRIAD URANIUM CLOSES PRIVATE PLACEMENT

Myriad Uranium Corp. has closed its previously disclosed non-brokered private placement financing (see Myriad's news release dated Sept. 16, 2025), raising gross proceeds of $595,400 through the issuance of 2,381,600 units of the company at 25 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 share at an exercise price of 35 cents until Sept. 24, 2027.

Myriad's chief executive officer, Thomas Lamb, commented: "This private placement, initially intended to be a quick close to accommodate an important institutional investor, has expanded somewhat, with other key investors boosting their positions and management also participating. We will put these additional funds to very good use."

In connection with the financing, the company paid aggregate finders' fees of $7,000 and issued an aggregate of 28,000 finders' warrants, with each finder's warrant exercisable for one share at a price of 25 cents until Sept. 24, 2027. Securities issued under the financing are subject to a four-month hold period expiring Jan. 25, 2026, in accordance with applicable Canadian securities laws. The company intends to use the proceeds of the financing for exploration of the company's mineral properties and for general working capital.

Directors and officers of the company participated in the financing, and such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101. This participation 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 uranium exploration company with an earnable 75-per-cent interest in the Copper Mountain uranium project in Wyoming and a 100-per-cent interest in the Red Basin project in New Mexico. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead mine, which produced 500,000 pounds of U3O8. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s, including the development of a large-scale mine plan to fuel a planned fleet of California Edison reactors. 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 (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates. The company also recently acquired, subject to completing a geophysical survey this year, a 100-per-cent interest in the Red Basin uranium project in New Mexico.

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