Mr. Adam Clode reports

U92 ENERGY ANNOUNCES UPSIZED OFFERING OF UP TO $8 MILLION

U92 Energy Corp., further to its news release dated July 22, 2026, on a public offering of units of the company, has filed an amended and restated (A&R) preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, except Quebec. The public offering is being conducted on a commercially reasonable efforts agency basis for the issuance of a minimum of nine million units and an increased maximum of 17.5 million units (from 15 million units) at a price of 40 cents per unit for gross proceeds between $3.6-million and $7-million (from $6-million), subject to the overallotment option described below.

In addition, the company intends to complete a non-brokered private placement of up to 2.5 million units at the offering price for additional gross proceeds of up to $1-million. Combined, the company expects to receive gross proceeds of up to $8-million upon completion of the offering.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one share at a price of 65 cents per share for a period of 48 months following the date of issuance.

The public offering is expected to be completed pursuant to the terms of an agency agreement to be entered into between the company and Haywood Securities Inc., together with a syndicate of agents.

The units issuable under the public offering will be offered by way of a short form prospectus to be filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101, Short Form Prospectus Distributions. The units will also be sold: (i) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended; and (ii) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. All securities issued in connection with the non-brokered offering will have a statutory hold period of four months and one day from the closing date in accordance with applicable securities laws.

The agents have been granted an option to purchase up to an additional 15 per cent of the maximum number of units issuable under the public offering at the offering price, exercisable in whole or in part, up to 48 hours prior to closing of the offering.

The net proceeds from the offering will be used to advance U92's Kurupung uranium project in Guyana, for payment of deferred cash consideration for the Guyana projects, and for general working capital and corporate purposes, as disclosed in the A&R preliminary prospectus.

The offering is expected to close on or about Aug. 11, 2026, or such other date as the company and agents may agree. Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

The agents will receive upon closing of the public offering compensation comprising a cash commission equal to 6 per cent of the gross proceeds of the public offering and broker warrants of the company to purchase such number of shares as is equal to 6 per cent of the units sold in the public offering (subject to a reduction, in each case, to 2 per cent for units sold to purchasers on a president's list). Each broker warrant will entitle the holder to acquire one share at the offering price for a period 24 months following the date of issuance. The company may pay finders' fees in connection with the non-brokered offering to eligible finders in accordance with applicable securities laws and policies of the TSX-V comprising a cash fee equal to up to 6 per cent of the gross proceeds of the non-brokered offering and broker warrants as is equal to up to 6 per cent of the units sold in the non-brokered offering.

Access to the A&R preliminary prospectus and any amendments to such document will be provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment thereto. The A&R preliminary prospectus is accessible on SEDAR+. Alternatively, an electronic or paper copy of the A&R preliminary prospectus and any amendment to such document may be obtained without charge, from the agents by e-mail at ecm@haywood.com, or by providing the contact with an e-mail address or address, as applicable. The A&R preliminary prospectus contains important, detailed information about the company and the offering. Prospective investors should read the A&R preliminary prospectus before making an investment decision.

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-staged 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 (lb) and an inferred mineral resource of 10.0 million lb, at a cut-off grade of 0.03 per cent (300 parts per million (ppm)) U3O8. The historical mineral resource occurs in four deposits where mineralization remains open along strike and downplunge. There are eight additional targets in which prior drilling intersected significant uranium grades that remain to be followed up with further drilling.

Through systematic exploration and disciplined capital allocation, the company aims to unlock the full value of Kurupung while positioning itself as a leading uranium-focused exploration and development company in South America.

We seek Safe Harbor.