Dr. Rebecca Hunter reports

BASELODE ANNOUNCES NAME CHANGE TO GEIGER ENERGY CORPORATION AND SHARE CONSOLIDATION

Baselode Energy Corp. will change its name to Geiger Energy Corp., effective Oct. 27, 2025, and consolidate its common shares on the basis of one new common share for every existing five common shares.

The consolidation and name change are expected to take effect on Oct. 27, 2025, and is subject to TSX Venture Exchange approval. Immediately prior to the consolidation and name change, there are expected to be 291,627,303 common shares issued and outstanding, and it is expected that there will be 52,325,460 common shares following the consolidation and name change, subject to rounding for any fractional shares. No fractional shares will be issued as a result of the share consolidation and the number of postconsolidation shares to be received by a shareholder will be rounded up, in the case of a fractional interest that is 0.5 or greater, or rounded down, in the case of a fractional interest that is less than 0.5, to the nearest whole number of shares that such holder would otherwise be entitled to receive upon the implementation of the share consolidation.

The consolidation and name change is being conducted on a pushout basis. Registered shareholders holding share certificates will be mailed a replacement certificate or a direct registration advice representing their postconsolidation and newly named shares. Until surrendered for exchange, following the effective date of the consolidation and name change, which is expected to be Oct. 27, 2025, each share certificate formerly representing preconsolidation shares will be deemed to represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation.

Holders of shares of the company who hold uncertificated shares (that is shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by the company's transfer agent or, for beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street name for their benefit. Such holders do not need to take any additional actions to exchange their preconsolidation shares for postconsolidation shares. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your nominee.

A new Cusip number of 375130101 (ISIN: CA3751301019) replaces the old Cusip number to distinguish between the preconsolidated and postconsolidated shares.

The exercise or conversion price and the number of common shares issuable under any of the company's outstanding warrants, stock options and other securities exercisable for or convertible into common shares will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.

Commencing at the opening of trading on Oct. 27, 2025, the common shares of the company will trade under the symbol BEEP.

About Baselode Energy Corp.

Baselode holds approximately 390,000 hectares for exploration in the Athabasca basin area of Northern Saskatchewan, Canada, and 95,519 hectares, in Nunavut's Thelon basin.

Baselode's flagship asset is the Aberdeen project in Nunavut, which hosts the high-grade Tatiggaq and Qavvik uranium discoveries. Tatiggaq is a basement-hosted prospect defined over a 300-metre strike length, comprising multiple steeply dipping, east-northeast-trending mineralized lenses located at depths between 80 and 180 metres. Notable intercepts include 2.25 per cent U3O8 (triuranium octoxide) over 11.1 metres, highlighting a high-grade core within the system. To date, only 500 metres of a 1,500-metre-long anomaly have been drill tested. Qavvik is a similarly styled, basement-hosted prospect characterized by steeply dipping, east-northeast-trending mineralized lenses across a 100-metre-by-100-metre area, from surface down to 400 metres depth. Both zones require further detailed drilling to determine the full extent of mineralization.

In addition to these discoveries, the Aberdeen project hosts over 50 high-priority exploration targets, many of which exhibit strong alteration and anomalous geochemistry from limited historical drilling -- or remain entirely untested.

In the Athabasca basin, Baselode discovered the near-surface Ackio uranium prospect in September, 2021. Ackio measures greater than 375 metres along strike and greater than 150 metres wide and comprises at least nine separate uranium pods, with mineralization starting as shallow as 28 metres and 32 metres beneath the surface in pods 1 and 7, respectively, and down to approximately 300 metres depth beneath the surface with the bulk of mineralization occurring in the upper 120 metres. Ackio remains open at depth and to the north, south and east.

Baselode's exploration strategy focuses on discovering near-surface, high-grade uranium orebodies in the Thelon and Athabasca basins.

Qualified person statement

The technical information contained in this news release has been reviewed and approved by Dr. Rebecca Hunter, PGeo, chief executive officer of Baselode Energy, a qualified person, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.