Mr. Lester Esteban reports

STEARMAN RESOURCES ANNOUNCES FINAL TRANCHE CLOSING OF PRIVATE PLACEMENT AND DIRECTOR APPOINTMENT

Stearman Resources Inc. has closed the final tranche of both its non-brokered private placement of flow-through units and the non-brokered private placement of non-flow-through units. The company has raised an aggregate of $1,979,999.40 through the issuance of NFT units and an aggregate of $2,123,000 through the issuance of FT units during the course of the financing.

Under the final offering, the company issued an aggregate of 3.49 million FT units at a price of 20 cents per FT unit, for gross proceeds of $698,000. Each FT unit is composed of 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.

Under the final offering, the company issued an aggregate of 3,199,996 NFT units at a price of 15 cents per NFT unit, for gross proceeds of $479,999.40. Each NFT unit is composed of one common share and one-half of one common share purchase warrant. Each 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.

All securities issued in connection with the final offering 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 final offering, the company paid aggregate cash finders' fees totalling $26,880 and 134,400 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.

In addition, the company is announcing that James Place has resigned as a director of the company and that, in his vacancy, the company has appointed Tyler Thorburn to the board of directors, effective immediately. The company would like to thank Mr. Place for his contributions to the company and wish him the best in his future endeavours.

Mr. Thorburn has been involved in resource exploration, development and extraction projects since 2008. He has worked on projects for Enbridge, Williams Energy, Canadian Natural Resources Ltd., Centrica and Trans-Northern Pipelines, co-ordinating land acquisitions, environmental permitting and aboriginal consultations. He is currently the president and chief executive officer of TSX Venture Exchange-listed Total Metals Corp. He holds an MBA from Warwick Business School.

"With completion of this final tranche, not only are we fully funded for our Murphy Lake spring drill program, but the additional capital supports disciplined advancement of our exploration programs at both Zoo Bay and Neocore in the new year," said Lester Esteban, chief executive officer of Stearman. "We are also pleased to welcome Tyler Thorburn to the board. His experience in resource exploration and corporate leadership will be a valuable addition to our team as we continue to advance on our strategy."

About Stearman Resources Inc.

Stearman 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 and 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-cent interest in the NeoCore uranium property (six claims and 13,012 hectares), located 65 kilometres southeast of the 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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