Mr. Michael Collins reports

NUCLEAR FUELS APPOINTS RICH MUNSON TO BOARD OF DIRECTORS AND GRANTS OPTIONS

Nuclear Fuels Inc. has appointed Rich Munson to the board of directors.

Mr. Munson has been active in the natural resource business for 35-plus years, starting as a natural resources lawyer specializing in taxation. Mr. Munson moved to the private sector in the mid-1980s when he joined the Energy Fuels companies owned by John Adams. Energy Fuels Nuclear became the largest U.S. uranium producer in the late 1980s and early 1990s. During this time, Energy Fuels was active in both conventional uranium mining and milling, as well as in the exploration and development of in situ recovery roll front mineralization. Areas where Energy Fuels operated included the Arizona Strip, the Gas Hills, South Dakota, the Colorado Plateau and it also operated the White Mesa uranium mill near Blanding, Utah. Mr. Munson has been active in multiple jurisdictions and in 1999, Mr. Munson and John Adams were the co-founders of ETK Inc., owner of the Toroparu gold-copper project in Guyana, eventually moving the project to Sandspring Resources Ltd. The Toroparu project is one of the largest undeveloped gold deposits in the Americas and is now owned by Aris Mining Corp. Mr. Munson continues to be active in the international resource sector.

Michael Collins, chief executive officer of Nuclear Fuels, stated: "We are pleased to have Rich joining us as a director. Rich has a depth of experience in the uranium exploration and production space and has been involved with roll front uranium projects since the 1980s. His experience in uranium exploration and production will help inform how we deliver work programs, structure and execute project agreements, and value assets."

The company also announces that, in accordance with the company's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 1.58 million common shares of the company exercisable at a price of 56 cents per share expiring Feb. 6, 2027. The options will vest one-third every six months over an 18-month period.

About Nuclear Fuels Inc.

Nuclear Fuels Inc. is committed to aggressive exploration of district-scale in situ recovery uranium projects in proven and prolific jurisdictions. Focused on its priority Kaycee project, located in Wyoming's Powder River basin, the company's goal is to advance the project onto a path to production. enCore Energy Corp. maintains the right to back-in to 51-per-cent ownership by paying the company 2.5 times its exploration expenditures and carrying the project to production (recoverable from production). With existing historic resources through a 26-mile trend, 100 miles of mapped roll fronts and 3,700 drill holes, Nuclear Fuels has secured the district under one company's control for the first time since the early 1980s. Nuclear Fuels also provides a unique model for development of its other uranium projects and has established a pipeline of future opportunities in known uranium jurisdictions. Nuclear Fuels' industry leaders work to build America's uranium resources and provide a domestic fuel for nuclear energy; always on, always available. ISR technology extracts uranium in a non-invasive process through the use of groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.

We seek Safe Harbor.