Mr. Mark Kolebaba reports

URZ3 ENERGY CORP. CLOSES $1,100,000 FINANCING

URZ3 Energy Corp. has closed its previously announced non-brokered private placement offering, pursuant to which it has issued 10 million units at a price of 11 cents per unit for gross proceeds of $1.1-million.

Each unit consists of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at an exercise price of 20 cents per common share for 36 months after the date of issuance. If, after four months plus one day from the closing date, the closing price (or closing bid price on days when there are no trades) of URZ3's common shares is greater than 40 cents per share for 10 consecutive trading days, URZ3 may accelerate the expiry date of the warrants to the 30th day after the date on which URZ3 gives notice to the warrantholders of such acceleration, with such notice being the issuance of a news release by the company announcing the acceleration of the expiry date.

The offering is subject to final TSX Venture Exchange approval. All securities issued are subject to a four-month-plus-one-day hold period, expiring Oct. 3, 2025, as well as to any other resale restrictions imposed by applicable securities regulatory authorities. In connection with the offering, the company paid cash finders' fees totalling $9,917.

Proceeds from the offering will be used for general working capital.

The offering included participation by insiders of the company in the aggregate amount of 3,147,000 units. The participation by these insiders in the offering constitutes a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, and TSX-V Policy 5.9. The company is relying upon the exemption from the formal valuation requirement for related party transactions provided in Section 5.5(a) of MI 61-101, and the exemption from the requirement to obtain minority shareholder approval in respect of the related party participation provided in Section 5.7(1) (a) of MI 61-101, as the fair market value of the related party participation was less than 25 per cent of the company's market capitalization, calculated in accordance with MI 61-101.

About URZ3 Energy Corp.

URZ3 Energy is a resource development company focused on the acquisition and exploration of uranium properties in North America. The company is dedicated to advancing its portfolio of projects to meet the growing demand for uranium as a clean-energy resource, leveraging its team's extensive experience in ISR (in situ recovery) uranium exploration, development and production.