Mr. Lawrence Hay reports

OBERON URANIUM CORP. ANNOUNCES CLOSING OF SALE OF ELEMENT 92 URANIUM PROPERTY

Further to the news release dated March 1, 2024, Oberon Uranium Corp. has closed the sale of its Element 92 uranium property, composed of a single Saskatchewan mineral claim covering 5,961 hectares located in Northern Saskatchewan, Canada, on the southern end of the Athabasca region.

Pursuant to a property purchase and sale agreement dated March 1, 2024, with Forty Pillars Mining Corp., as consideration for the property, Forty Pillars paid to Oberon $10,000 in cash and issued two million common shares of Forty Pillars at a deemed price of seven cents per share, representing aggregate share consideration of $140,000. The shares are subject to a four-month hold period in accordance with applicable securities laws.

Following closing of the transaction, Oberon is an insider of Forty Pillars, with the two million shares received by Oberon under the transaction representing approximately 17.26 per cent of the 11,587,530 issued and outstanding common shares of Forty Pillars on an undiluted basis. Prior to the transaction, Oberon did not hold any securities of Forty Pillars. Depending on the circumstances, Oberon may, from time to time, acquire additional securities or related financial instruments of Forty Pillars or dispose of all or a portion of the securities or related financial instruments of Forty Pillars previously acquired. Other than the foregoing, Oberon does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.

The Form 62-103F1 (Required Disclosure under the Early Warning Requirements) associated with this news release can be obtained from Forty Pillars' profile on SEDAR+. To obtain a copy of the report, please contact Lawrence Hay, president and chief executive officer of Oberon.

About Oberon Uranium Corp.

Oberon Uranium is a mineral exploration company with a 100-per-cent interest in the past-producing Lucky Boy uranium property located in Arizona, United States. Oberon also owns a 100-per-cent interest in the Fusion Uranium Zone project located in the Athabasca region of Saskatchewan, Canada.

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