Mr. Jon Bey reports

STANDARD URANIUM PROVIDES UPDATE ON $3 MILLION STRATEGIC INVESTMENT AND ANNOUNCES EXTENSION TO CLOSING DATE OF PRIVATE PLACEMENT

Standard Uranium Ltd. is continuing to work with its strategic investor, a leading conglomerate from a Southeast Asian nation, to complete its acquisition of 39,215,686 units of the company. The investor is acquiring the units by way of a non-brokered private placement by conducted by the company, at a price of 7.65 cents per unit, for gross proceeds of $3-million.

The company has obtained the conditional acceptance of the TSX Venture Exchange to complete the offering and the investor is in the final stages of obtaining the required governmental and banking approvals in its local jurisdiction, following which the offering can be completed. These approvals are progressing as planned and the company has obtained approval from the TSX Venture Exchange to extend the deadline to file its final closing materials from Oct. 18, 2026, to Nov. 16, 2026. All other terms and conditions of the offering remain unchanged. The company will issue a news release following completion of the offering.

For further information concerning the terms of the offering, readers are encouraged to review the news release issued by the company on Aug. 7, 2026.

About Standard Uranium Ltd.

The company finds the fuel to power a clean energy future.

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium has successfully executed three joint venture earn-in partnerships on the Sun Dog, Canary and Atlantic projects, totalling over $23.8-million in work commitments over the next three years from 2024 to 2027, all of which will be managed by Standard's experienced exploration team.

Standard Uranium's Davidson River project, in the southwest part of the Athabasca basin, Saskatchewan, comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly undertested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwest part of the Athabasca basin, Saskatchewan, comprises nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by drilling despite its location proximal to uranium discoveries in the area.

QP (qualified person) statement

The scientific and technical information contained in this news release has been reviewed, verified and approved by Sean Hillacre, PGeo, president and vice-president of exploration of the company, and a qualified person as defined in National Instrument 43-101.

We seek Safe Harbor.