Mr. Thomas Lamb reports

MYRIAD URANIUM TO SELL RED BASIN URANIUM PROJECT FOR US$2.5 MILLION, RETAIN 10% FREE CARRIED INTEREST, AND ENTER INTO STRATEGIC ALLIANCE WITH A NEW VENTURE BACKED BY LEADING U.S. TECHNOLOGISTS

Myriad Uranium Corp. has executed an asset purchase agreement dated as of March 17, 2026, between Myriad, Myriad Red Basin LLC (Myriad's newly incorporated New Mexico subsidiary) and Subatomic Red Basin LLC pursuant to which Myriad will sell the entirety of the claims it holds comprising its Red Basin uranium project in New Mexico, United States, to Subatomic for $2.5-million (U.S.), payable on closing. Myriad will retain a 10-per-cent free carried interest in the project. Myriad and Subatomic will also form a strategic alliance respecting exploration and development of other projects beyond Red Basin.

Transaction highlights

• Sale price: $2.5-million (U.S.) cash, payable on closing;
• Retained interest: 10-per-cent free carried interest in the Red Basin uranium project;
• Strategic alliance: joint focus on uranium opportunities beyond the Red Basin project area;
• Return on capital: Myriad acquired Red Basin approximately one year ago for $525,000, representing an over six times return on invested capital, excluding the carried interest;
• Expected closing: on or before April 17, 2026.

Myriad's chief executive officer, Thomas Lamb, commented: "Myriad is thrilled to partner with Subatomic in our Red Basin project, producing a wonderful return on capital that is highly accretive for our shareholders but, more importantly, forming a strategic alliance with a new uranium partner, who will advance the project while we maintain exposure to it through our retained interest. There is considerably more to be revealed regarding Subatomic and the full scope of our alliance in due course. What is already clear, however, is that the potential for nuclear energy to provide uninterruptible, clean power solutions for the technology sector is attracting a new class of investors into uranium -- and into domestic U.S. sources of uranium in particular. Myriad is well positioned to benefit from this accelerating trend, and we look forward to updating shareholders on key developments as they unfold as we partner with Subatomic."

Subatomic CEO Timothy Chilleri commented: "We are thrilled to partner with Tom and the Myriad board using a new model oriented around partnership and American uranium production. This partnership with Myriad Uranium is a defining milestone for the company. As power generation demand soars, the world is experiencing a structural paradigm shift that will reshape economies for decades to come. Uranium is the essential feedstock powering nearly 10 per cent of global electricity needs. As the megatrends of energy and decarbonization accelerate, nuclear power will play an increasingly larger role. We are excited to partner with Myriad to advance the project while exploring opportunities for resource growth."

Closing of the sale transaction is expected to take place on or before April 17, 2026. Closing is subject to a number of conditions, including without limitation: completion of due diligence by Subatomic; negotiation and execution of an agreement respecting Myriad's 10-per-cent free carried interest in the project; and negotiation and execution of an agreement in relation to the strategic alliance. Myriad will provide updates as the process progresses and these agreements are finalized.

About Subatomic Industries Corp.

Subatomic Industries is backed by 8VC and Overmatch Ventures combining technical mining expertise with a disciplined, technology-forward approach to resource development.

About Myriad Uranium Corp.

Myriad Uranium holds a 75-per-cent interest in the Copper Mountain uranium project in Wyoming, United States, with a definitive agreement in place to acquire the remaining 25-per-cent interest from Rush Rare Metals Corp. Copper Mountain hosts multiple historic uranium deposits and past-producing mines, including the Arrowhead mine (approximately 500,000 pounds U3O8 (triuranium octoxide) produced). The district saw extensive exploration and development by Union Pacific in the late 1970s, including approximately 2,000 boreholes and advanced mine planning prior to uranium market downturn conditions in 1980. Union Pacific is estimated to have invested approximately $117-million (2024 dollars) in exploration and development at Copper Mountain, generating significant historical resource estimates. The company also holds a 100-per-cent interest in the Red Basin uranium project in New Mexico, hosting near-surface mineralization with expansion potential.

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