Mr. Esen Boldkhuu reports

URANIUMX DISCOVERY CORP. ANNOUNCES UPSIZING OF LIFE OFFERING DUE TO STRONG INVESTOR DEMAND

Due to strong investor demand, UraniumX Discovery Corp. has upsized its previously announced listed issuer financing exemption offering, initially announced on Jan. 22, 2026.

The LIFE offering was originally composed of up to 7.5 million units at a price of 20 cents per unit for gross proceeds of up to $1.5-million. Due to strong demand, the LIFE offering has been increased to up to 20 million units for aggregate gross proceeds of up to $4-million.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 30 cents per share for a period of 36 months from the date of issuance, and is exercisable beginning 60 days following the closing of the LIFE offering. All other terms of the LIFE offering remain unchanged.

As previously announced, the LIFE offering is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), and is available to purchasers resident in Canada, excluding Quebec. Securities issued under the LIFE offering will not be subject to a statutory hold period in accordance with applicable Canadian securities laws. An updated offering document related to the LIFE offering is available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The upsized LIFE offering remains subject to the approval of the Canadian Securities Exchange and other applicable regulatory approvals, and is expected to close on or before Feb. 13, 2026, or such other date as the company may determine.

Proceeds from the LIFE offering will be used for general working capital and corporate purposes, including exploration and development activities on the company's Murphy Lake, Zoo Bay and NeoCore uranium properties located in Saskatchewan's Athabasca basin.

The company is encouraged by the strong investor response to the LIFE offering and believes the increased financing positions UraniumX to meaningfully advance its exploration programs and strategic objectives in 2026.

About UraniumX Discovery Corp.

UraniumX 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 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 totalling 19,850 hectares), 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-per-cent interest in the NeoCore uranium property (six claims totalling 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 the University of Saskatchewan leveraging quartz-degradation analytics to sharpen target selection.

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