Dr. Jared Suchan reports

TRACTION URANIUM SIGNS OPTION AGREEMENT TO EARN UP TO 80% IN THE AURORA URANIUM PROJECT, SOUTHEASTERN ATHABASCA BASIN

Traction Uranium Corp. has entered into an option agreement with Cosa Resources Corp., effective Feb. 10, 2026. Under the agreement, Traction has the right to earn up to an 80-per-cent interest in Cosa's Aurora uranium project in Northern Saskatchewan.

The Aurora project spans approximately 17 kilometres of prospective strike along the southeastern margin of the Athabasca basin, about 16 kilometres east of the Key Lake uranium mill and past-producing mine. Sandstone cover is interpreted to be less than 100 metres thick across the northern portion of the project and absent across the remainder. No diamond drilling has been completed at Aurora since 1979; however, a review of historical drill logs identified multiple zones of hydrothermal alteration. In 2024, Cosa completed airborne gravity-gradient and VTEM (versatile transient electromagnetic) surveys that outlined initial target areas for follow-up.

Traction can earn up to an 80-per-cent interest in Aurora by solely financing exploration work and completing a series of cash and share payments over five earn-in phases (table 1). Traction may accelerate the earn-in and advance the exploration work plan at its discretion. If Traction terminates the agreement prior to completion of phases 1 and 2, all consideration paid will be forfeited and Cosa's interest will revert to 100 per cent. During the earn-in period, Cosa will act as operator and will be entitled to charge an operator fee. Upon completion of the phase 4 earn-in requirements (65-per-cent interest), Traction will have the option to assume operatorship of the project. Any Traction shares issued to Cosa as part of an option exercise payment (see the attached table) will be subject to a statutory hold period of four months and one day from the date of issuance, pursuant to Canadian securities laws.

Qualified person

Dr. Jared Suchan, chief executive officer and director of the company, and a qualified person within the meaning of National Instrument 43-101, reviewed and approved the scientific and technical contents of this news release.

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile on SEDAR+.

About Traction Uranium Corp.

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

About Cosa Resources Corp.

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 hectares across multiple underexplored 100-per-cent-owned and Cosa-operated joint venture projects in the Athabasca basin region, the majority of which reside within or adjacent to established uranium corridors.

In January of 2025, the company entered a transformative strategic collaboration with Denison Mines that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects.

Cosa's award-winning management team has a record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit, and held key roles in the founding of both NexGen and IsoEnergy.

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