Mr. Richard Patricio of Mega Uranium reports

MEGA URANIUM ACQUIRES ADDITIONAL SECURITIES OF GREEN SHIFT COMMODITIES

Mega Uranium Ltd. has acquired ownership of an additional 3,333,333 common shares and 3,333,333 common share purchase warrants of Green Shift Commodities Ltd. pursuant to a private placement of units completed by the issuer on Dec. 22, 2022. The purchased securities were acquired by Mega Uranium at an aggregate cost of $500,000, or 15 cents per unit (with each unit composed of one common share and one common share purchase warrant), and represent an increase of approximately 2.3 per cent in the percentage of the issuer's outstanding common shares held by Mega Uranium, on an undiluted basis, and an increase of approximately 4.1 per cent in the percentage of the issuer's outstanding common shares held by Mega Uranium, on a partially diluted basis, assuming exercise of all of the issuer's warrants owned by Mega Uranium.

Immediately prior to closing, Mega Uranium owned an aggregate of 6,129,576 common shares and 5,140,909 common share purchase warrants of the issuer, representing approximately 10.1 per cent of the issuer's common shares then outstanding, on an undiluted basis, and approximately 17.1 per cent of the issuer's common shares then outstanding, on a partially diluted basis, assuming exercise of all of the warrants, which, collectively with the purchased securities on closing, represented approximately 12.4 per cent of the issuer's common shares then outstanding, on an undiluted basis, and approximately 21.2 per cent of the issuer's common shares then outstanding, on a partially diluted basis, assuming exercise of all of the warrants comprising the securities. The warrants comprising the purchased securities are subject to a contractual limit on exercise, which prohibits Mega Uranium from beneficially owning 20 per cent or more of the issuer's outstanding common shares at the time of exercise without the prior applicable regulatory and shareholder approvals.

Mega Uranium's president and chief executive officer, Richard Patricio, has control or direction over all of the securities through his authority to manage the company's investment portfolio. As at closing, he did not separately own, or have control or direction over, any other securities of the issuer.

The purchased securities were acquired for investment purposes. At any time and from time to time, Mega Uranium or Mr. Patricio may acquire additional securities of the issuer or dispose of some or all of the securities, based upon market conditions, investment objectives or other factors.

This press release is being issued in accordance with the requirements of National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) of the Canadian Securities Administrators. A corresponding early warning report will be filed and available to the public on SEDAR under the issuer's profile. A copy of the report may also be obtained by contacting Richard Patricio at 416-643-7630.

About Mega Uranium Ltd.

Mega Uranium is a Toronto-based mineral resource company with a focus on uranium properties in Australia and a portfolio of equity investments in uranium-focused companies.