Mr. Adam Clode reports

U92 ENERGY CLOSES $1.5 MILLION PRIVATE PLACEMENT

U92 Energy Corp. has closed its previously announced upsized non-brokered private placement of 3.75 million units of the company at a price of 40 cents per unit for aggregate gross proceeds to the company of $1.5-million.

Each unit was composed of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of 65 cents per share until Aug. 27, 2030.

"Completion of the offering and the company's $8-million brokered prospectus offering, which closed on Aug. 12, 2026, will significantly help advance our exploration activities in Guyana by supporting local employment, contractors and service providers, as we continue to unlock the potential of our prospecting licences and drive shareholder value," said Adam Clode, chief executive officer of U92.

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.

In connection with the offering, the company paid an aggregate of approximately $66,600 as finders' fees and issued an aggregate of 225,000 finders' warrants to certain persons who assisted the company with the offering. Each finder warrant is exercisable to acquire one share at the offering price until Aug. 27, 2028. The offering is subject to final approval by the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a four-month-plus-a-day hold period from the date of issuance in accordance with applicable securities legislation and policies of the TSX-V.

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, 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.