Mr. Adam Clode reports

U92 ENERGY ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS IN CONNECTION WITH PUBLIC OFFERING

Further to U92 Energy Corp.'s previously announced public offering of units of the company, as announced on July 22, 2026, and July 23, 2026, U92 Energy has filed a final short-form prospectus dated Aug. 6, 2026, with the securities regulatory authorities in each of the provinces of Canada, except Quebec, and the company has entered into an agency agreement with Haywood Securities Inc. and Jett Capital Advisors LLC, as co-lead agents and Ventum Financial Corp. in respect of the public offering.

The final prospectus qualifies the distribution of a minimum of 10 million units and a maximum of 17.5 million units at a price of 40 cents per unit for gross proceeds between $4-million and $7-million, and up to an additional 3.75 million units at the offering price pursuant to the overallotment option granted to the agents.

In addition, the company is pleased to announce that it has increased its previously announced non-brokered private placement to up to 3.75 million units (from 2.5 million units) at the offering price for gross proceeds of up to $1.5-million (from $1-million).

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 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 final prospectus.

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 non-transferable 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 list). Each broker warrant will entitle the holder to acquire one share at the offering price for a period of 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 Venture Exchange 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.

The offering is expected to close on or about Aug. 12, 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-V. 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.

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

About U92 Energy Corp.

U92 Energy is a Canadian exploration company listed on the TSX-V. 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 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 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.