Mr. Jason Bagg reports

PURANIUM ENERGY ANNOUNCES LOAN AND ISSUANCE OF BONUS WARRANTS

Puranium Energy Ltd. has released details of a prior loan transaction and has issued bonus warrants in connection therewith.

Loan agreement

On Feb. 19, 2026, the company entered into a loan agreement with a non-arm's length party, pursuant to which the company received a non-interest-bearing loan in the principal amount of $50,000 for general working capital purposes.

The loan was fully repaid on March 16, 2026, in cash and in accordance with the terms of the loan agreement.

Issuance of bonus warrants

In accordance with the terms of the loan agreement, the company has issued 100,000 common share purchase warrants to the lender. Each bonus warrant entitles the holder to acquire one common share of the company on the following terms:

• Exercise price: 12.5 cents per common share;
• Expiry: three years from the date of issuance.

The bonus warrants are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

The loan and issuance of the bonus warrants constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 as the lender is a non-arm's-length party to the company. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the company's market capitalization.

About Puranium Energy Ltd.

Puranium is a Canadian resource exploration company focused on identifying and advancing energy-related opportunities. The company is listed on the Canadian Securities Exchange under the symbol UX and on the Frankfurt exchange under the symbol 2DK0.

We seek Safe Harbor.