Mr. Thomas Lamb reports

MYRIAD URANIUM ANNOUNCES CLOSING OF C$8.6 MILLION BOUGHT DEAL LIFE PRIVATE PLACEMENT

Myriad Uranium Corp. has closed its previously announced bought deal private placement for gross proceeds of $8,603,000, which includes the partial exercise of the underwriters' (as defined herein) overallotment option. Pursuant to the offering, the company sold 21,507,500 units of the company at a price of 40 cents per unit. Red Cloud Securities Inc., as lead underwriter and sole bookrunner, and Research Capital Corp. acted as underwriters under the offering.

Each unit consists of one common share of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one common share of the company at a price of 60 cents per warrant share at any time on or following Jan. 13, 2026, to Nov. 13, 2028.

The company intends to use the net proceeds from the offering for the exploration and advancement of the company's Copper Mountain uranium project in Wyoming, United States, and Red Basin project in New Mexico, United States, as well as for general corporate purposes and working capital.

In accordance with National Instrument 45-106, Prospectus Exemptions, the units were issued to eligible substituted purchasers resident in Canada and certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The unit shares and warrants underlying the units and the warrant shares underlying the warrants, if exercised, are immediately freely tradable under applicable Canadian securities legislation.

As consideration for their services, the underwriters received aggregate cash fees of $475,680 and 1,189,200 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share of the company at the offering price at any time on or before Nov. 13, 2028. The broker warrants and the broker shares underlying the broker warrants, if exercised prior to March 14, 2026, will be subject to a hold period ending on March 14, 2026, under applicable Canadian securities legislation.

There is an amended and restated offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.

The closing of the offering remains subject to the final approval of the Canadian Securities Exchange.

Directors and officers of the company participated in the offering, purchasing an aggregate of 181,250 units for aggregate gross proceeds of $72,500, which 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. The company did not file a material change report at least 21 days before closing the insiders' participation in the offering, which was reasonable given the MI 61-101 exemption noted above.

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 produced 500,000 pounds of U3O8 (triuranium octoxide). Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s, including the development of a 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 has a 100-per-cent interest, subject to completing a geophysical survey by Jan. 31, 2026, in the Red Basin uranium project in New Mexico, which has extensive near-surface uranium mineralization and significant upside potential.

We seek Safe Harbor.