Mr. Stephen Roman reports

GLOBAL ATOMIC ANNOUNCES CLOSING OF C$24.8 MILLION PRIVATE PLACEMENT

Global Atomic Corp. has closed its previously announced non-brokered private placement for gross proceeds of $24,839,160 from the sale of 31,048,950 units of the company at a price of 80 cents per unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. acted as finders in connection with the offering.

Each unit consists of one common share of the company and one common share purchase warrant.Each warrant entitles the holder thereof to purchase one common share at a price of $1 at any time on or before June 26, 2028.

The company intends to use the net proceeds from the offering for the advancement of the Dasa project and for general working capital purposes. The offering remains subject to the final approval of the Toronto Stock Exchange.

The units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and purchasers resident in certain offshore foreign jurisdictions pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503, Distributions Outside Canada. The units sold to purchasers in the United States were issued on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended. The LIFE onits and units issued under OSC 72-503 are immediately freely tradeable under applicable Canadian securities laws.

As consideration for their services in connection with the offering, the finders received a total cash commission of $1,180,958 and were issued 1,526,198 non-transferable warrants of the company. Each finder's warrant entitles the holder thereof to purchase one common share at a price of 80 cents at any time on or before June 26, 2028.

About Global Atomic Corp.

Global Atomic is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The company's uranium division is currently developing the fully permitted, large, high-grade Dasa deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The first blast ceremony occurred on Nov. 5, 2022, and commissioning of the processing plant is scheduled for H2 (second half) 2026. Global Atomic has also identified three additional uranium deposits in Niger that can be advanced with further assessment work.

Global Atomic's base metals division holds a 49-per-cent interest in the Befesa Silvermet Turkey S.L. (BST) joint venture, which operates a modern zinc recycling plant, located in Iskenderun, Turkey. The plant recovers zinc from electric arc furnace dust (EAFD) to produce a high-grade zinc oxide concentrate, which is sold to zinc smelters around the world. The company's joint venture partner, Befesa Zinc S.A.U., holds a 51-per-cent interest in and is the operator of the BST joint venture. Befesa is a market leader in EAFD recycling, with approximately 50 per cent of the European EAFD market, and facilities located throughout Europe, Asia and the United States.

We seek Safe Harbor.