Mr. Drew Zimmerman reports

STALLION URANIUM CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING

Stallion Uranium Corp. has closed a non-brokered private placement offering for total gross proceeds of $300,000.

The company has allotted and issued 1.25 million flow-through (FT) units at a price of 24 cents per unit. Each FT unit comprises one flow-through common share, as defined in Subsection 66(15) of the Income Tax Act (Canada) as presently constituted, which shall qualify for the federal 30-per-cent critical mineral exploration tax credit, as defined in Subsection 127(9) of the Income Tax Act, and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share for a period of two years at a price of 30 cents per share.

In relation to the private placement, the company has paid finders' fees of $21,000 and issued 87,500 share purchase warrants to a certain arm's-length party. Each finder's warrant is exercisable into one common share of the company for a period of two years at a price of 30 cents. The company intends to use the proceeds from the private placement toward exploration expenditures on its Coffer and Atha Energy joint venture projects. All securities issued pursuant to the private placement will be subject to a hold period expiring April 23, 2024. The private placement remains subject to final approval of the TSX Venture Exchange.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of over 3,000 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones.

The company's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world-class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

We seek Safe Harbor.