Mr. Drew Zimmerman reports

STALLION URANIUM ANNOUNCES CONDITIONAL ACCEPTANCE OF THE TSX VENTURE EXCHANGE OF DEFINITIVE OPTION AGREEMENT FOR HORSE HEAVEN GOLD AND ANTIMONY PROJECT

Further to the news releases dated Oct. 9, 2024, Oct. 30, 2024, and Nov. 8, 2024, Stallion Uranium Corp. has received prior acceptance from the TSX Venture Exchange of the definitive option agreement with 1503571 B.C. Ltd. (the optionee), an arm's-length party, on revised terms pursuant to which the company has granted the optionee the option to acquire a 100-per-cent interest in its Horse Heaven gold and antimony project consisting of 699 mineral claims covering 5,817 hectares located in Idaho, United States.

Pursuant to the terms of the option agreement, the optionee may acquire 100 per cent of the issued and outstanding common shares of 1262446 B.C. Ltd. (the Horse Heaven parent), a wholly owned subsidiary of the optionor, which holds an undivided 100-per-cent legal and beneficial interest in the property, in consideration of the following to the optionor:

1. $200,000 in cash on the signing of the binding letter of intent (paid on Oct. 9, 2024);
2. $200,000 in cash on the effective date of the option agreement (paid on Nov. 18, 2024);
3. $2-million in common shares of the optionee at a deemed price of 18 cents per share on the effective date of the option agreement (issued on Nov. 8, 2024);
4. $200,000 in cash on the first anniversary of the effective date of the option agreement.

During the option period, the optionee will be the operator of the property. The optionor is not required to incur any exploration expenditures to advance the property. The property has three separate existing royalties on the property that will continue with the property. The option remains subject to final acceptance by the exchange.

Management update

The company also announces the resignation of William Breen, president and vice-president of exploration, United States. Mr. Breen's resignation is in connection with the company's divestiture of its U.S. exploration assets.

"On behalf of the company, I want to thank Mr. Breen for his many contributions during his time at the company, and we wish him all the best in his future endeavours," stated Drew Zimmerman, chief executive officer.

About Stallion Uranium Corp.

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

Its leadership and advisory teams are composed of uranium and precious metal exploration experts with the capital market experience and the technical talent for acquiring and exploring early-stage properties.

Stallion Uranium offers optionality with the Horse Heaven gold project in Idaho that neighbours the world-class Stibnite gold deposit held by Perpetua Resources, offering exposure to upside potential from district advancement with limited capital expenditures.

We seek Safe Harbor.