Mr. George Glasier reports

WESTERN URANIUM & VANADIUM ANNOUNCES RESULTS OF AGM AND APPOINTS NEW TRANSFER AGENT

Western Uranium & Vanadium Corp. has released the results of the company's annual general and special meeting of shareholders held in Nucla, Colo., on June 27, 2025.

Proxy votes were cast for common shares representing approximately 51 per cent of the issued and outstanding common shares of the company as at the record date for the meeting. Each of the other matters put forward before shareholders for consideration and approval at the meeting, as described in the company's management information circular dated May 22, 2025, was duly approved by the requisite number of votes.

Re-election of directors

At the meeting, the shareholders re-elected all of the directors proposed by management of the company, namely, George Glasier, Bryan Murphy, Andrew Wilder and Michael Skutezky.

Reappointment of auditor

The shareholders reappointed MNP LLP as auditor of the company for the ensuing year and authorized the board of the company to fix the remuneration of the auditor.

Reappointment of officers

Subsequent to the meeting, the following management reappointments were confirmed for the ensuing year: George Glasier, president and chief executive officer; Robert Klein, chief financial officer; Michael Rutter, chief operating officer; and Denis Frawley, corporate secretary.

The newly elected board reappointed the following chairs: Mr. Murphy as chairman of the board; Mr. Wilder as chairman of the audit committee; and Mr. Skutezky as chairman of the governance, nominating and compensation committee. Each of the audit committee and governance, nominating and compensation committee are composed of three independent directors, namely Mr. Murphy, Mr. Wilder and Mr. Skutezky.

Appointment of new transfer agent

Western announces that it has appointed Odyssey Trust Company as the registrar and transfer agent for the company's common shares replacing Capital Transfer Agency ULC. There was no change to the Cusip number of Western's common shares as a result of the change of registrar and transfer agent. Going forward, inquiries and correspondence relating to shareholders' records should be directed to Odyssey.

In addition, Odyssey has replaced CTA as rights agent under the shareholder rights plan agreement of the company dated May 24, 2023.

Shareholders need not take action in respect of the change in transfer agent and rights agent.

About Western Uranium & Vanadium Corp.

Western Uranium is ramping up high-grade uranium and vanadium production at its Sunday mine complex. In addition to the flagship property located in the prolific Uravan mineral belt, the production pipeline also includes conventional projects in Colorado and Utah. The Mustang mineral processing site is being licensed and developed for mined material recovery, and will incorporate kinetic separation to optimize economics.

We seek Safe Harbor.