Mr. Lester Esteban reports

STEARMAN RESOURCES ANNOUNCES FIRST TRANCHE CLOSING OF FLOW-THROUGH PRIVATE PLACEMENT

Stearman Resources Inc. has closed the first tranche of its non-brokered private placement of flow-through (FT) units.

Under the first tranche, the company issued an aggregate of 7,125,000 FT units at a price of 20 cents per FT unit, for gross proceeds of $1,425,000. Each FT unit comprises one flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of 30 cents for a period of 24 months from the date of issuance.

All securities issued in connection with the first tranche are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

The FT units will qualify as flow-through shares as defined in Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds of the first tranche will be used to incur qualifying Canadian exploration expenses that will be renounced to purchasers of the FT units in accordance with the Income Tax Act (Canada) and applicable regulations.

In connection with the first tranche, the company paid aggregate cash finders' fees totalling $69,300 and 326,500 finders' warrants. Each finder's warrant entitles the holder to acquire one share at a price of 30 cents for a period of 24 months from the date of issuance.

Lester Esteban, the company's chief executive officer, commented: "The closing of this first flow-through tranche represents a meaningful milestone in advancing our uranium exploration agenda in the Athabasca basin. Our team remains committed to structured, data-driven exploration, disciplined deployment of capital and efficient execution of field programs. With planned operational work under way, 2026 is expected to be an active year for project development and we look forward to providing shareholders with regular updates as we advance our portfolio."

About Stearman Resources Inc.

Stearman Resources is a Canadian-based junior mineral exploration company doing business as UraniumX Discovery Corp., singularly focused on advancing uranium discovery in Canada's Saskatchewan Athabasca basin. Its core assets sit on the eastern margin of the Athabasca basin, a premier global district known for hosting 10 of the world's top 15 highest-grade uranium deposits.

The Murphy Lake uranium property is the company's flagship, where Stearman is earning up to 70 per cent through an option with F4 Uranium. Adjacent to the world-class Wollaston domain, the property benefits from conductors, strong alteration and proven 2022 drilling that intercepted anomalous radioactivity near the basin's unconformity.

The company also owns 100 per cent of the Zoo Bay uranium project (15 claims; 19,850 hectares), positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighbouring claims.

Stearman further holds a 100-per-cetn interest in the NeoCore uranium property (six claims; 13,012 hectares), located 65 kilometres southeast of McArthur River mine, within a stable, high-grade mining district supported by mills, power, all-season roads and established exploration infrastructure.

Exploration programs incorporate geophysics, drilling and a research collaboration with University of Saskatchewan leveraging quartz-degradation analytics to sharpen target selection.

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