Mr. Lester Esteban reports

TRACTION URANIUM COMMISSIONS AURORA GEOSCIENCES TO COMPLETE NI 43-101 TECHNICAL REPORT ON KEY LAKE SOUTH PROJECT

Traction Uranium Corp. has engaged Aurora Geosciences Ltd. to complete a technical report in accordance with National Instrument 43-101 on the Key Lake South (KLS) property.

Aurora Geosciences was built on the premise of high-quality mineral exploration, enabling discovery. Founded in 2000 as a merger of existing high-quality exploration firms, the company is focused on delivering excellence in mineral exploration, conceiving and applying new exploration models, and adapting new geophysical technology to meet the trials of working in challenging conditions. As an independent contractor, Aurora provided geological services to complete the recent 2023 drill program at KLS and was responsible for managing the drilling component of the program.

Lester Esteban, chief executive officer, states: "We are pleased with the work and commitment Aurora Geosciences contributed towards completing our winter 2023 KLS program and are excited by the alteration assemblages typical of basement-hosted uranium mineralization in several drill holes. Follow-up on the six-metre zone of radioactivity discovered in overburden within hole KLS23-007 with a soil/till sampling program, and development of a diamond drill program to test the 52-metre zone of basement-hosted radioactivity in KLS23-007 (see Traction news release dated March 29, 2023) are top priorities for our team. Partnering with Aurora to prepare an NI 43-101 technical report puts us on the right track in advancing our KLS project and enhances our commitment to exploring the potential for overburden-hosted uranium mineralization."

About the property

The KLS property is located approximately six kilometres to the southwest of the Key Lake uranium mill, and in close vicinity to modern uranium mining facilities and all-weather highway transportation in Northern Saskatchewan. Geologically, it sits at the southeastern edge of the Proterozoic Athabasca basin. Recent discoveries of the Triple R and Arrow deposits have demonstrated further potential for high-grade uranium prospects along the edge of the basin.

About Traction Uranium Corp.

Traction Uranium is in the business of mineral exploration and the development of uranium discovery prospects in Canada, including its three uranium projects in the world-renowned Athabasca region.

Qualified person

The technical content of this news release has been reviewed and approved by Ken Wheatley, MSc, PGeo, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The information provides an indication of the exploration potential of the company's properties but may not be representative of expected results.

We seek Safe Harbor.