Mr. Dev Randhawa reports

F3 ANNOUNCES C$7 MILLION BOUGHT DEAL PRIVATE PLACEMENT

F3 Uranium Corp. has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters, which have agreed to purchase, or arrange for substitute purchasers, on a bought deal private placement basis, 29.2 million flow-through shares of the company at a price of 24 cents per FT share for gross proceeds to the company of $7,008,000.

Each FT share will qualify as a flow-through share within the meaning of the Income Tax Act (Canada) and will qualify as an eligible flow-through share as defined in the Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan).

In addition, the company has agreed to grant the underwriters an option, exercisable in whole or in part by the underwriters at any time up to 48 hours prior to the closing date (as defined below), to purchase up to an additional number of FT shares equal to 15 per cent of the total FT shares issuable pursuant to the offering at the issue price.

The gross proceeds from the sale of FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada), and to incur eligible flow-through mining expenditures pursuant to the Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) related to the company's uranium projects in the Athabasca basin, Saskatchewan, on or before Dec. 31, 2026. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2025.

The FT shares will be offered to purchasers pursuant to National Instrument 45-106 (Prospectus Exemptions) in all of the provinces of Canada, other than Quebec, and/or in other jurisdictions as agreed to between the company and the underwriters. The FT shares will be subject to the statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The offering is expected to close on May 7, 2025. The company will pay to the underwriters a cash commission of 5 per cent of the gross proceeds raised in respect of the offering.

About F3 Uranium Corp.

F3 is a uranium exploration company, focusing on the recently discovered high-grade JR zone on its Patterson Lake North project in the western Athabasca basin. F3 currently has three properties in the Athabasca basin: Patterson Lake North, Minto and Broach. The western side of the Athabasca basin, Saskatchewan, is home to some of the world's largest high-grade uranium deposits, including Paladin's Triple R project and NexGen's Arrow project.

We seek Safe Harbor.