Mr. Adam Clode reports

U92 CLOSES ACQUISITION OF COMPREHENSIVE HISTORICAL TECHNICAL DATASET FOR ITS KURUPUNG URANIUM PROJECT

Further to the news release dated June 1, 2026, U92 Energy Corp. has received TSX Venture Exchange approval and closed a binding asset purchase agreement to acquire the complete historical technical and exploration data set relating to the Kurupung uranium project in Guyana.

Pursuant to the transaction, U92 has issued 1,030,927 common shares of the company at a deemed price of 48.5 cents per share to the arm's-length vendor. The shares are subject to a statutory four-month hold period in accordance with applicable Canadian securities laws.

Adam Clode, executive chairman and chief executive officer of U92, stated: "Securing ownership of exploration work completed over more than a decade at Kurupung is a pivotal milestone that materially strengthens the project's technical foundation ahead of an updated mineral resource estimate and inaugural drill program. By completing the transaction on an all-share basis, U92 has enhanced the value of its asset while preserving capital for exploration."

About U92 Energy Corp.

U92 Energy is a Canadian exploration company listed on the TSX Venture Exchange. The company is focused on the exploration and advancement of its high-quality, advanced-stage uranium assets in South America.

The company's flagship Kurupung project is situated in the Republic of Guyana, boasting over 129,723 metres of drilling and a historical indicated mineral resource of 10.6 million pounds and an inferred mineral resource of 10.0 million pounds, at a cut-off grade of 0.03 per cent (300 parts per million) U3O8. The historic mineral resource occurs in four deposits where mineralization remains open along strike and down plunge. There are eight additional targets where 14,000 metres of prior drilling intersected significant U3O8, grades that require further drilling for inclusion into the company's anticipated updated mineral resource estimate.

The company is committed to systematic exploration and disciplined capital allocation as it unlocks the full value of the Kurupung project and positions itself as a leading uranium-focused exploration and development company in South America.

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