(via TheNewswire)

VANCOUVER, BRITISH COLUMBIA – January 22, 2026 – TheNewswire - UraniumX Discovery Corp. (CSE: STMN) (" UraniumX " or the " Company ") is pleased to announce a non-brokered private placement of up to 7,500,000 units of the Company (each, a “ Unit ”) at a price of $0.20 per Unit for gross proceeds of up to $1,500,000 (the “ Offering ”). Each Unit will consist of one common share of the Company (a “ Unit Share ” and each common share of the Company, a “ Common Share ”) to be issued pursuant to Part 5A (the “ Listed Issuer Financing Exemption ”) of National Instrument 45-106 – Prospectus Exemptions (“ NI 45-106 ”), and one Common Share purchase warrant (a “ Warrant ”) of the Company to be issued under the Listed Issuer Financing Exemption. Each Warrant will entitle the holder thereof to acquire one Common Share (a “ Warrant Share ”) at a price per Warrant Share of $0.30 for a period of 36 months from the date of issuance. The Warrants will be exercisable 60 days following the closing date of the Offering.

The Company intends to use the net proceeds raised from the Offering for general working capital and corporate purposes, including transaction costs; and amounts allocated from time to time for future exploration and development activities on its Murphy Lake Property, Zoo Bay Property and Neocore Property.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106 and the policies of the Canadian Securities Exchange (the “ CSE ”), the Units issuable under the Offering will be offered for sale to purchasers resident in Canada, other than Quebec, pursuant to the Listed Issuer Financing Exemption and will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

The offering document dated January 22 ,2026, related to the Offering, can be accessed under the Company’s profile at www.sedarplus.com and the Company’s website at www.uraniumx.com. Prospective investors should read the offering document before making an investment decision.

The closing of the Offering will take place on or before February 13, 2026. Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory and exchange approvals.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any U.S. state securities laws, and may not be offered or sold in the “United States” (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Finder’s fees may be payable in connection with the Offering to eligible finders in accordance with the policies of the CSE.

About UraniumX

UraniumX Discovery Corp. is a Canadian-based junior mineral exploration company, 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.

Murphy Lake Uranium Property is the Company's flagship, where UraniumX is earning up to 70% 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% of the Zoo Bay Uranium Project (15 claims; 19,850 ha), positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighbouring claims.

UraniumX further holds a 100% interest in the NeoCore Uranium Property (6 claims; 13,012 ha), located 65 km 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.

On Behalf of UraniumX Discovery Corp.

Esen Boldkhuu, CEO

Contact:

UraniumX Discovery Corp.

Esen Boldkhuu, CEO

Email : info@uraniumx.ca

Telephone: (604) 377-8994

Website: www.uraniumx.ca

Forward-looking statements.

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the terms, timing, and completion of the Offering, the anticipated use of proceeds, receipt of regulatory and stock exchange approvals, and the Company’s future plans, objectives, and exploration activities. Forward-looking statements are based on the reasonable assumptions, estimates, and opinions of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks related to the Company’s ability to complete the Offering on the terms described herein or at all, the receipt of necessary regulatory and exchange approvals, fluctuations in market conditions, volatility in equity and capital markets, the speculative nature of mineral exploration and development, environmental risks, reliance on key personnel, and changes in laws and regulations. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances after the date hereof.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking information contained herein, except as required by applicable securities laws.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2026 TheNewswire - All rights reserved.