Mr. Matthew Schwab reports

STALLION URANIUM ENTERS INTO TECHNOLOGY DATA ACQUISITION AGREEMENT

Stallion Uranium Corp. has entered into a technology data acquisition agreement dated April 24, 2025, among the company and Matthew J. Mason to enhance exploration efforts across its expansive uranium land package in the Athabasca basin, Saskatchewan. The lessor holds the exclusive licence to certain proprietary technology and know-how that can be used to assist in area prioritization selection for the purposes of exploration for minerals.

Highlights about the technology:

• Haystack holds the exclusive rights to an intelligent geological target identification platform called Matchstick TI, which offers an innovative leap in mineral exploration technology.
• Haystack's predictive technology is revolutionizing the mineral exploration industry with its AI-powered (artificial intelligence) deposit discovery software and proprietary drilling technology. Specializing in predictive exploration and drilling for energy metals, the company accelerates the exploration process while reducing costs. Headquartered in Vancouver, B.C., Canada, the company is at the forefront of innovation in sustainable resource discovery.
• At the heart of Haystack sits a proprietary algorithm that models geological features in space and time, delivering a remarkable accuracy rate of 77 per cent in predicting target locations.
• This cutting-edge technology reduces financial risk and accelerates discovery in greenfield and frontier exploration using readily available public data.
• Developed over a decade in Cambridge in the United Kingdom, Haystack fuses theoretical physics, data science and pattern recognition to accurately pinpoint mineral targets, transforming the way exploration is conducted.
• Stallion intends to utilize this technology to confirm current targets and outline any additional targets on the current land position of 1,700 square kilometres.
• The Haystack study will be conducted in collaboration with leading data science and geoscience experts, ensuring a comprehensive and innovative approach to target selection. The company believes this initiative will position Stallion Uranium at the forefront of technological advancements in uranium exploration. Advanced machine learning techniques will be applied to vast data sets collected from historical and modern exploration programs, enabling Stallion to uncover previously overlooked opportunities.

"The application of machine learning in mineral exploration is transforming the industry and we are excited to integrate this powerful tool into our exploration strategy," said Matthew Schwab, chief executive officer of Stallion Uranium. "By deploying advanced analytics, we aim to enhance our ability to identify high-priority targets, reduce exploration risk and maximize the potential of our uranium assets."

Agreement terms

Pursuant to the terms of the agreement, the lessor will grant the company a non-exclusive, non-transferable right to access the technology for a 12-month term. The company's use of the technology pursuant to the technology lease shall be limited to such mineral tenures owned or legally occupied by the company covering an area of approximately 1,400 square kilometres in the Athabasca basin, Saskatchewan and Alberta.

Pursuant to the terms of the agreement and in consideration for the grant of the technology lease, on the fifth business day following the TSX Venture Exchange's conditional acceptance of the agreement, the company will issue an aggregate of five million common shares in the capital of the company to the licensor and the lessee, as follows: (i) 3.75 million payment shares to the lessor; and (ii) 1.25 million payment shares to the licensor. The payment shares shall be subject to a hold period ending on the date that is four months plus one day following the date of issuance under applicable Canadian securities laws.

Pursuant to the terms of the agreement, the licensor shall provide certain services in connection with the application of the technology to the subject property for a minimum of any three consecutive months during the term of the agreement. In consideration for such services, the company has agreed to pay the licensor a fee of 70,000 pounds sterling per month for each month in which the services are performed.

The lessor is an insider to the company by virtue of holding 10 per cent or more of the company's issued and outstanding common shares on a partially diluted basis. The issuance of any securities to an insider will be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of roughly 1,700 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company, with joint venture (JV) partner Atha Energy, 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.

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