Mr. Esen Boldkhuu reports

URANIUMX CLOSES UPSIZED $4.31 MILLION LIFE FINANCING

UraniumX Discovery Corp. has closed its upsized listed issuer financing exemption offering as previously announced Jan. 22, 2026, Feb. 10, 2026, and Feb. 12, 2026.

"This financing represents a significant milestone for UraniumX," said Esen Boldkhuu, chief executive officer. "The strength of investor participation reflects growing confidence in our Athabasca basin portfolio and our technical approach. With a strengthened treasury, we are positioned to execute our 2026 exploration strategy and capitalize on the constructive fundamentals across the uranium sector."

Pursuant to the LIFE offering, the company issued an aggregate of 21.55 million units at a price of 20 cents per unit for gross proceeds of $4.31-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.

The LIFE offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) and was available to purchasers resident in Canada, excluding Quebec. Securities issued under the LIFE offering are not subject to a statutory hold period in accordance with applicable Canadian securities laws.

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

In connection with the LIFE offering, the company paid an aggregate of $161,140 in cash finders' fees to arm's-length finders.

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 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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