Mr. Michael Malana reports

TRACTION URANIUM ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

Pursuant to its restricted share unit plan, Traction Uranium Corp. has granted an aggregate of 3.55 million restricted share units (RSUs) to certain directors, officers and consultants of the company. All of the RSUs will vest on May 17, 2022. All RSUs granted will be subject to a four-month hold period from the date of grant in accordance with Canadian Securities Exchange Policy 6.

Certain insiders received 550,000 RSUs representing a related-party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, however the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration, exceed 25 per cent of Traction's market capitalization.

About Traction Uranium Corp.

Traction is a mineral exploration company with an objective to locate and develop economic mineral properties. The company is based in Vancouver, B.C., and holds options over the Hearty Bay and Lazy Edwards properties, located in the Athabasca basin region of Saskatchewan, and the Whitewater property, located in the Slocan mining division, Kaslo, B.C.