Mr. Lawrence Hay reports

OBERON URANIUM CLOSES ACQUISITION OF MINERAL CLAIMS IN SASKATCHEWAN

Oberon Uranium Corp. has closed its previously announced acquisition of three mineral claims totalling 365 hectares in Saskatchewan, Canada, pursuant to a share purchase agreement dated March 28, 2024, with Carbon Markets Inc. and the Carbon shareholders (see Oberon's news release dated April 1, 2024, for further details).

Pursuant to the SPA, to acquire all of the issued and outstanding Carbon shares from the Carbon shareholders, Oberon issued an aggregate of 17.6 million Class A common shares of Oberon to the Carbon shareholders. The consideration shares were issued in accordance with applicable securities legislation and are subject to a hold period that will expire on Aug. 6, 2024. The transaction is an arm's-length transaction, and does not constitute a fundamental change or result in a change of control of the company, within the meaning of the policies of the Canadian Securities Exchange.

About Oberon Uranium Corp.

Oberon 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.

We seek Safe Harbor.