Mr. Derrick Dao reports

NUCLEAR VISION ACQUIRES MANGANESE CARBONATE PROJECTS IN SLOVAKIA'S "BATTERY BELT"

Further to its news release of Jan. 21, 2026, Nuclear Vision Ltd. has paid an aggregate of 100,000 euros and issued an aggregate of 10 million common shares of the company at a deemed price of 24 cents per share pursuant to the assignment of option agreement and consent to assignment dated Jan. 21, 2026, with Private Equity Pty. and Kluane Capital FZCO (together, the assignor), both of which are arm's-length parties to the company, whereby the assignor assigned to the company all of its rights, title and interest in an existing option to purchase agreement dated Jan. 14, 2026, with VMS Exploration SRO. Under the option agreement, the assignor held an option to acquire a 100-per-cent interest in two manganese carbonate projects, Svabovce and Michalova, located in the heart of Slovakia's emerging Battery belt. The company has agreed to assume the obligations of the assignor under the option agreement.

The company agreed to acquire the operating rights and licence to the projects, located within Slovakia's emerging Battery Belt, and it intends to transfer the licences to a brand new wholly owned Slovakia corporation. The Svabovce project consists of a 47.24-square-kilometre granted exploration licence and the Michalova project is contained within a 14.34-square-kilometre granted tenement. Both projects are strategically positioned within 300 kilometres of major automotive and battery manufacturing hubs, including facilities for Volvo and Gotion-InoBat. For more details on the projects, refer to the company's news release of Jan. 21, 2026.

Highlights:

• The carbonate advantage: Nuclear Vision is acquiring strategically positioned manganese carbonate (MnCO3) deposits in Slovakia. Unlike typical oxide deposits, the projects host manganese in carbonate form. This can enable direct acid leaching, bypassing the energy-intensive and carbon-heavy reduction roasting required for oxide ores.
• Scale:
  • Michalova has a historic resource of 10.4 million tonnes at 9.49 per cent Mn (1).
  • Svabovce has a historic resource of 13.9 million tonnes at 14.47 per cent Mn (2), one of the largest manganese deposits in the European Union.
• Note: A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the company is not treating the historical estimates as current mineral resources or mineral reserves. See "Notes regarding historical estimates" below for further information regarding the above historical estimates.
• Infrastructure ready: The projects benefit from immediate proximity to established rail, power and road networks, derisking the development timeline.
• Offtake proximity: The projects are strategically located near prominent battery and vehicle manufacturers and gigafactories, making them well positioned to benefit from the growing demand for battery-grade materials.
• Critical timing: The acquisition coincides with the EU's Critical Raw Materials Act (CRMA) mandates and Germany's recent three-billion-euro EV (electric vehicle) stimulus package, which favours the high-manganese, low-cost battery chemistries (lithium-manganese-iron phosphate) that these assets are ideally suited to supply.
• Development road map: The company intends to advance verification work, including confirmation programs, with the objective of completing a National Instrument 43-101-compliant mineral resource estimate, if warranted.

The projects are currently in the verification stage. Both sites have a history of operational activity: Svabovce was mined from the 1850s until 1971 and contains roughly 35 kilometres of underground workings and Michalova has seen historic small-scale mining and initial metallurgical operations, and both have historic, Soviet resources.

Notes regarding historical estimates

(1) The historical estimate for the Michalova project was published by the Slovak State Geological Institute (SGUDS) as part of the State Balance of Mineral Reserves in 1993 under the Slovak GKZ system. The historical estimate is reported as 10.4 million tonnes at 9.49 per cent Mn and was classified under the GKZ alphabetical system (A plus B plus C1 plus C2), which differs from CIM (Canadian Institute of Mining, Metallurgy and Petroleum) categories as defined under NI 43-101. While GKZ categories are sometimes compared conceptually with CIM categories, such comparisons are approximations only and are not considered equivalent.

The foreign historical estimate is considered relevant as it was reportedly derived from historical drilling and underground sampling. However, the historical estimate has limited reliability as the company does not currently have access to supporting information including drill core and/or core photographs, detailed sampling, sample preparation and analytical methodology, quality assurance/quality control (QA/QC) data, core recovery information, downhole surveys or collar survey data, or sample security information.

The historical estimate was reportedly estimated using the polygonal method assuming an underground mining scenario and prevailing metal prices at the time. Key assumptions and parameters (including cut-off grade, bulk density, grade capping, interpolation parameters and QA/QC procedures) are not available to the company at this time. The company is not aware of any more recent mineral resource estimates for the project prepared in accordance with NI 43-101.

To verify the historical estimate as current mineral resources in accordance with NI 43-101, the company intends to complete verification work, including a site visit and data validation, and may undertake additional confirmation programs and modern QA/QC procedures to support an NI 43-101-compliant mineral resource estimate, if warranted.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the company is not treating the historical estimate as current mineral resources or mineral reserves.

(2) The historical estimate for the Svabovce project was published by the Slovak State Geological Institute (SGUDS) as part of the State Balance of Mineral Reserves in 2000 under the Slovak GKZ system. The historical estimate is reported as 13.9 million tonnes at 14.47 per cent Mn and was classified under the GKZ alphabetical system (A plus B plus C1 plus C2), which differs from CIM categories as defined under NI 43-101. While GKZ categories are sometimes compared conceptually with CIM categories, such comparisons are approximations only and are not considered equivalent.

The foreign historical estimate is considered relevant as it was reportedly derived from historical drilling and underground sampling. However, the historical estimate has limited reliability as the company does not currently have access to supporting information including drill core and/or core photographs, detailed sampling, sample preparation and analytical methodology, QA/QC data, core recovery information, downhole surveys or collar survey data, or sample security information.

The historical estimate was reportedly estimated using the polygonal method assuming an underground mining scenario and prevailing metal prices at the time. Key assumptions and parameters (including cut-off grade, bulk density, grade capping, interpolation parameters and QA/QC procedures) are not available to the company at this time. The company is not aware of any more recent mineral resource estimates for the project prepared in accordance with NI 43-101.

To verify the historical estimate as current mineral resources in accordance with NI 43-101, the company intends to complete verification work, including a site visit and data validation, and may undertake additional confirmation programs and modern QA/QC procedures to support an NI 43-101-compliant mineral resource estimate, if warranted.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the company is not treating the historical estimate as current mineral resources or mineral reserves.

The company referenced the Chvaletice manganese project in the neighbouring Czech Republic as a valuation comparable. Chvaletice is the only other manganese project in the European Union and currently holds a market capitalization of approximately $26-million. Nuclear Vision valued the acquisition at approximately 10 per cent of Euro Manganese's current market value -- a discount that reflects the fact that the Chvaletice project has completed a feasibility study and achieved strategic project status under the EU Critical Raw Materials Act, whereas the projects require confirmation of historical resources and further metallurgical work. The price of the shares issued was based on the company's average share price at the time the transaction was initially agreed to.

The assignor brings a unique combination of in-country, EU and global financing networks, along with deep familiarity with the projects developed through years of direct engagement with the project owners. This strategic context was a key factor in structuring the acquisition. The projects have been inactive since production ceased in the 1970s, and the company believes that the assignor complements the company's technical, commercial and financing capability to advance the project to a restart.

The company notes that it has agreed to pay a fraction of what the market currently values the only other manganese project in Europe. So, the company believes it has acquired the projects at a very favourable price.

The shares are not registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the United States. The shares are subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in NI 45-102, Resale of Securities, and are subject to a voluntary six-month hold period.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Lorne Warner, PGeo, director of Nuclear Vision, who is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

Portfolio diversification

The addition of the Slovak manganese assets complements Nuclear Vision's existing portfolio of uranium projects in Botswana and reinforces the company's strategy of building a diversified energy transition metals platform focused on:

• Secure jurisdictions;
• Infrastructure-ready assets;
• Clear pathways to commercialization.

Through disciplined project advancement and systematic derisking, Nuclear Vision aims to attract strategic partners and become a meaningful participant in the global critical minerals supply chain.

About Nuclear Vision Ltd.

Nuclear Vision is an energy-transition-focused exploration and development company advancing a diversified portfolio of uranium and critical mineral assets in stable, mining-friendly jurisdictions. The company's strategy is to identify underdeveloped assets with strong fundamentals, advance them through disciplined technical programs and create long-term value through responsible development.

We seek Safe Harbor.