Mr. Christopher Drysdale reports

REEXPLORATION ANNOUNCES FIELD PROGRAM RESULTS CONFIRMING LARGE-SCALE URANIUM TARGET AT EUREKA, NAMIBIA

Reexploration Inc. has released results from its uranium field program, which provide strong support for the scale and technical validity of the previously announced uranium target at the Eureka project in Namibia. The company believes the target has the potential to represent a large, under-cover Rossing-style uranium system. A drill program is planned for early 2026 to provide initial testing of the target.

Highlights:

• Strong correlation between airborne and ground uranium signatures strengthens confidence in continuity of target;
• Areas of very high total gamma readings, including zones above 1,500 counts per second, identified above interpreted leucogranites;
• Soil geochemistry confirms the radiometric signal is uranium bearing;
• Uranium-rich soils mapped with values up to 114 parts per million uranium (pXRF (portable X-ray fluorescence));
• Mapping highlights key indicators consistent with Rossing-style uranium systems;
• Favourable rock types and grab samples up to 853 ppm U (pXRF) provide encouraging indicators of a uranium-bearing system below cover;
• Evidence points to a large, cohesive uranium system;
• Geological setting and signature show strong similarity with known Namibian uranium systems (Rossing, Omaholo and Etango) when compared at equal scale;
• Drill program planned to test Rossing-style model;
• Program aims to provide initial testing of the large-scale target.

Christopher Drysdale, interim chief executive officer for Reexploration, added: "This field program has materially advanced our understanding of the uranium target at Eureka. The strong alignment between airborne radiometrics, ground radiometrics, geology and soil geochemistry provides exactly the type of multilayered confirmation you want to see before drilling. Namibia is one of the world's most important uranium jurisdictions, and Eureka lies in the same structural corridor that hosts Rossing, Husab, Etango, Omaholo and Norasa. The scale of this anomaly and the quality of the early technical indicators point to a meaningful discovery opportunity."

Field program results

Four grids across the broad airborne uranium anomalies southwest of the Eureka dome were defined for follow-up ground investigation. A ground spectrometer survey and soil sampling program were executed by the company across the four grids. The objectives included obtaining a greater understanding of the nature, cause and extent of the anomalies and identifying any highly anomalous areas.

Ground spectrometer survey

A total of 102 line kilometres of ground spectrometer survey was completed across the four grids, with survey lines running east-west and spaced 100 metres apart. Over all, a very good correlation was achieved with the airborne radiometric uranium anomalies. The ground surveying highlighted areas of very high anomalism with values up to 2,255 counts per second. Low radioactivity corresponds with more massive calc-silicate exposure, covered areas and drainage sediments, whereas high radioactivity corresponds with gypcretes/calcretes overlying leucogranite. Secondary uranium (carnotite) was found in the overburden (sand/sheetwash) as well as in in situ leucogranite and schist. Sand cover increases to the south, attenuating radioactive signal.

The field spectrometer survey has confirmed the regional scale of the airborne radiometric uranium anomalies. The anomalies relate to widespread uranium mineralization occurring within thin overburden, which is best visible where drainages have incised a regionally occurring gypcrete/calcrete horizon with anomalous values ranging from 300 to 1,500 counts per second.

Soil sampling pXRF results

A total of 1,040 soil samples were collected across the four grids at 100-by-100-metre spacing and analyzed with the company's portable XRF. High uranium in soils are evident where secondary uranium (carnotite) was found in gypcrete/calcretes primarily along drainages.

Initial drill target areas

Six initial drill target areas have been identified based on coincident: (1) airborne uranium radiometric anomalies; (2) high total gamma (greater than 500 counts per second) from ground spectrometer survey; (3) uranium in soils (greater than 10 ppm pXRF); and (4) zones of interpreted leucogranites in contact with reactive calc-silicate rocks. The target areas include occurrences of visible secondary uranium mineralization identified within leucogranites and gypcretes/calcretes.

Next steps -- diamond drilling expected to commence early 2026

Reexploration is in the final stages of contractor selection and anticipates mobilizing in early 2026 for a 2,000-metre inaugural diamond drilling program. The program is designed to test for primary uranium mineralization within the leucogranites (Rossing-style model) beneath the weathering profile. Drilling is expected to comprise a series of heel-to-toe drill fences across priority target areas. The initial program is planned to consist of approximately 10 holes averaging 200 metres in length. A detailed drilling schedule will be released once mobilization dates are confirmed, and the program remains subject to financing.

Technical disclosure

Field analysis of rock and soil samples was carried out using a calibrated SciAps X-555 portable X-ray fluorescence (pXRF) analyzer. The instrument is capable of detecting uranium providing a rapid, preliminary and semi-quantitative indication of uranium concentrations, which is considered sufficiently reliable for initial reporting of initial field reconnaissance results. Select samples are expected to be verified through uranium assay at an accredited laboratory.

Counts-per-second results were collected using an RS-125 hand-held gamma-ray spectrometer. The RS-125 measures natural radioactivity from potassium, uranium and thorium, providing real-time counts-per-second readings that assist in identifying zones of elevated radioactivity and guiding geological mapping and sampling programs. The counts-per-second measurements are qualitative in nature and should not be interpreted as equivalent to uranium concentrations obtained through laboratory analysis.

Qualified person

Tolene Kruger, BSc (honours), MSc, is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as a professional natural scientist (PrSciNat) with the South African Council for Natural Science Professions (SACNASP; registration No. 148182) and a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Reexploration Inc.

Reexploration is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defence. The company's flagship Eureka project in central Namibia pairs a technically proven rare earth foundation -- supported by the production of a clean, Western-standard monazite concentrate -- with a newly defined, high-priority uranium target located within one of the world's most established uranium corridors. Together, these commodities provide multipath discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, Reexploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned (environmental, social and governance) platform positioned to benefit from the global race to diversify and secure responsible supply chains.

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