Mr. Christopher Drysdale reports

REEXPLORATION ANNOUNCES FULLY FUNDED 2026 URANIUM DRILL PROGRAM AT EUREKA, NAMIBIA

The 2026 uranium exploration drill program at Reexploration Inc.'s flagship Eureka project in Namibia is fully financed and moving into the execution phase. With capital in place and detailed drill planning under way, the company is preparing to advance a targeted drill program designed to test high-priority uranium anomalies defined during its 2025 work programs.

"Two thousand twenty-five was a pivotal year for Reexploration. With drill financing now complete, our focus has shifted decisively to execution," stated Christopher Drysdale, interim chief executive officer of Reexploration. "The uranium targets we have defined at Eureka are technically compelling, located in one of the world's premier uranium districts and ready to be tested. Two thousand twenty-six is about drilling and results, and we believe this program has the potential to materially expand the scale and strategic relevance of the Eureka project."

During the second half of 2025, Reexploration expanded the scope of the Eureka project beyond rare earth elements through the identification and refinement of multiple high-priority uranium targets. These targets are located within one of the world's premier uranium provinces and are supported by coherent radiometric and geochemical anomalies consistent with large, intrusion-related uranium systems. Based on the results of this work, the targets are now considered drill ready and form the primary focus of the company's initial 2026 exploration program.

2025: a year of strategic progress

Key milestones achieved in 2025 include:

• Closed two private placements in the fall of 2025, raising $1.95-million to finance continuing and coming exploration activities, including $1-million in December required to advance near-term exploration objectives and initiate uranium drilling;
• Completion of the company's rebrand to Reexploration, reflecting a sharpened focus on critical minerals aligned with global energy security and supply chain diversification;
• Identification and confirmation of a large-scale, drill-ready uranium target at Eureka through field programs, geophysics and geochemical analysis;
• Expansion of the broader uranium target footprint, reinforcing the project's multicommodity potential alongside its established rare earth element foundation.

These developments collectively repositioned Eureka as a dual-commodity critical minerals project, pairing a rare earths system with a compelling uranium exploration opportunity. Further updates will be provided as exploration activities progress.

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. Ms. Kruger is not independent of the company under NI 43-101.

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 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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