Mr. Esen Boldkhuu reports

URANIUMX PLANS FOR GROUND GRAVITY SURVEY AT ZOO BAY PROJECT, ATHABASCA BASIN

UraniumX Discovery Corp. is planning a ground gravity survey on its 100-per-cent-owned Zoo Bay property located along the northeastern edge of the Athabasca basin. The survey will consist of approximately 2,500 stations on a 200-metre-by-100-metre grid over an area deemed to be the most promising for a uranium deposit. Infill stations will be taken in areas of interest defined by the larger survey to better define drill targets.

Gravity surveys measure the density of the earth beneath it, and will delineate areas of lesser gravity sometimes brought on by alteration of the rocks. The upcoming survey is designed to cover areas of structural interest on the property and will identify areas of alteration along the structures that may be indicative of uranium mineralization.

Background -- previous exploration results

Limited exploration work has been completed on the property, with five drill holes completed in the general area in 1979 (Getty Minerals, SGS report 74I16-0010). The most recent airborne surveys (radiometric, EM and magnetic) were flown in 2008 (Fission Energy, SGS report 64L13-0021) and 2011 (Fission Energy, SGS report 64L13-0024). The information from previous programs was used to determine the location of the upcoming survey.

"We believe that the limited historical exploration work on the property gives UraniumX a clear slate to work with, using the latest in exploration methods to narrow down drill targets as quickly and as efficiently as possible. Due to the size of the property, the survey will be completed in phases, with results driven by the first pass of gravity and drilling," said Ken Wheatley, geological consultant for UraniumX.

Survey methods and program design

The ground gravity survey is a geophysical technique designed to detect subtle variations in the gravitational pull of the earth, typically in a grid pattern, that will identify areas of alteration revealed as a gravity low. This low is caused by the formation of clay minerals due to the hydrothermal alteration of the rocks by migrating fluids. Some of these fluids may be uranium bearing, and may deposit the uranium in areas of structural complexity, geochemically reducing, areas with increased pore space or, most likely, a combination of the three. Unconformity uranium deposits within the Athabasca basin have been intensively studied and the current exploration techniques used by UraniumX have proved to be the most helpful in finding deposits (NexGen's Arrow deposit, for example).

Next steps

The survey is expected to be completed by mid-April, and upon receipt of the processed data, the results will be integrated with existing magnetic and radiometric surveys to develop targets for a drill program.

About the Zoo Bay property

The 19,850-hectare property is located in the northeastern Athabasca basin, approximately 60 kilometres north of Orano's McClean Lake operation and Cameco's Rabbit Lake mine. Both Orano Canada and CanAlaska Uranium Ltd. have properties adjoining the property.

The property straddles the Athabasca sandstone basin, with the depth to the unconformity varying from zero to 200 metres. The area has seen little in the way of exploration: mainly airborne surveys and minor prospecting. The last work seen on the property was an airborne 3,339-line-kilometre high-resolution magnetic survey, completed by Fission Energy Corp. in 2011. UraniumX acquired the claims in 2025 and this is the first work planned for the property by the company.

This news release contains references to neighbouring properties in which UraniumX has no interest.

Marketing co-ordinator update

The company is also pleased to announce that it has entered into a services agreement with Fairfax Partners Inc., pursuant to which Fairfax has agreed to provide digital marketing services which may be considered investor relations activities under the policies of the Canadian Securities Exchange. Pursuant to the services agreement, UraniumX will pay Fairfax an aggregate cash fee of $175,000 plus applicable taxes for an initial term of six months, effective Feb. 24, 2026. The company believes that enhanced investor communication is appropriate as it advances its exploration programs at the property and its broader Athabasca portfolio.

Fairfax is a digital marketing and investor relations consultancy firm headquartered in Vancouver, and it is arm's length to UraniumX. To the company's knowledge, Fairfax holds no securities of the company. Fairfax's principal is Daniel Southan-Dwyer, who will provide the services per the services agreement. Fairfax Partners' address is suite No. 1504, 1221 Bidwell St., Vancouver, B.C., V6G 0B1, and can be contacted via e-mail at connect@fairfax.partners.

Management update

In addition, the company announces that Howard Milne has stepped down as president of the company. The company sincerely thanks Mr. Milne for his significant contributions and is pleased that he will continue to serve on the board of directors. Effective immediately, Kirby Renton, the company's chief operating officer, has been appointed president and will continue to serve as COO.

Stock option grant

The company also announced that it has granted incentive stock options to certain consultants of the company to purchase up to an aggregate of 750,000 common shares of the company pursuant to the company's equity incentive plan. The options are exercisable for a period of three years at a price of 13 cents per common share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring June 24, 2026, in accordance with the policies of the Canadian Securities Exchange (the CSE). Additionally, the company has granted 500,000 restricted share units (RSUs) to certain consultants of the company pursuant to its equity incentive plan. The RSUs, and any underlying common shares issued on exercise thereof, will have a hold period expiring June 24, 2026, in accordance with the policies of the CSE.

Qualified person

The technical information in this news release has been reviewed and approved by Ken Wheatley, PGeo, a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About UraniumX Discovery Corp.

UraniumX Discovery is a Canadian-based junior uranium exploration company focused on advancing high-potential assets in Saskatchewan's Athabasca basin, one of the world's premier uranium districts. The company's portfolio includes the Murphy Lake, Zoo Bay and NeoCore uranium properties, strategically positioned along the eastern margin of the basin near established infrastructure and high-grade deposits. UraniumX's exploration programs integrate geophysics, drilling and academic research collaborations to enhance target generation and discovery potential.

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