Mr. Dev Randhawa reports

F3 CLOSES C$7 MILLION BOUGHT DEAL PRIVATE PLACEMENT

F3 Uranium Corp. has closed its previously announced bought deal private placement. A total of 29.2 million flow-through shares of the company were issued at a price of 24 cents per FT share for gross proceeds to the company of $7,008,000.

Haywood Securities Inc. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that included Red Cloud Securities Inc., Canaccord Genuity Corp., SCP Resource Finance LP and Cormark Securities Inc.

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).

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

In connection with the offering, the company paid 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 high-grade JR zone and new discovery in 12 kilometres to the south in the PW area on its Patterson Lake North (PLN) 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.

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