Mr. Matthew Schwab reports

STALLION URANIUM PROVIDES CORPORATE UPDATE

Stallion Uranium Corp. has provided shareholders with a general corporate update, including an update on its financial filings, corporate activities and market positioning.

Financial statement filing update

Stallion announces that, further to its news release dated May 14, 2025, the filing of its annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended Dec. 31, 2024 (the annual filings), previously expected to be filed by May 20, 2025, is now expected to be filed by May 23, 2025. The delay is primarily due to extended timelines in completing the company's annual audit, which has resulted in a cease trade order (CTO) issued by the British Columbia Securities Commission on May 7, 2025.

Stallion's management and audit team are diligently working to complete the audit process. The company remains fully committed to refining its internal processes to ensure timely and accurate filings in the future. The company deeply appreciates its shareholders' continued support and patience during this period.

Stallion is poised for strong forward momentum, with the resumption of trading anticipated shortly following the filing of financials. The company looks ahead to an exciting and productive corporate calendar, with several key initiatives and milestones expected to drive significant progress in the coming months.

The CTO was issued under Multilateral Instrument 11-103 -- Failure-To-File Cease Trade Orders In Multiple Jurisdictions and prohibits the trading or purchase by any person or company of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of May 7, 2025) insiders or control persons of the company who may sell securities of the company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

Debt settlement and share issuance:

The company also announces that it has reached a debt settlement agreement with Atha Energy Corp., under which Stallion will issue shares to settle the outstanding obligation. This move strengthens the company's balance sheet and aligns with its strategy to build a financially resilient company while maintaining strong relationships with key stakeholders.

This agreement is in respect to certain obligations to incur exploration expenses under its previously announced option agreement dated July 18, 2023, whereby Atha granted an exclusive option to the company to acquire a 70-per-cent undivided interest in and to certain property located in the southwest segment of the Athabasca basin in the province of Saskatchewan.

Under the terms of the settlement agreement, Atha will be entitled to retain certain refunds from the government of Saskatchewan that it inadvertently received on Stallion's behalf, and Stallion will issue 802,809 common shares of the company to Atha at a deemed price of 13.5 cents per share.

The transactions described herein remain subject to the approval of the TSX Venture Exchange.

Community engagement and northern participation

As part of the company's commitment to sustainable development and responsible exploration, Stallion Uranium was proud to attend the KCDA Core Days Conference and Career Fair. This important event provided an opportunity to engage directly with northern communities, promote local employment and build long-term partnerships.

Stallion is dedicated to stakeholder engagement and community consultation, and the company will continue to prioritize northern participation as it advances its projects. These efforts reflect the company's core values of transparency, collaboration and shared benefit.

Uranium market outlook

The uranium market continues to show strong momentum, with spot prices climbing and sustained demand growth driven by global interest in nuclear energy as a clean, reliable power source. Stallion Uranium is well positioned to capitalize on this positive market outlook, and the company believes this macroeconomic backdrop significantly enhances the value of its strategic uranium assets.

About Stallion Uranium Corp.

Stallion Uranium is working to "fuel the future with uranium" through the exploration of roughly 2,700 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 and deposits.

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.

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