Mr. Jon Bey reports

STANDARD URANIUM ANNOUNCES CORPORATE UPDATES, PRIVATE PLACEMENT AND GRANTING OF OPTIONS

Standard Uranium Ltd. has engaged Jasper Management and Advisory Corp. to provide corporate administration and financial advisory services to the company.

As part of the engagement, the Standard Uranium is pleased to announce that Vivien Chuang has been appointed to the role of chief financial officer and Alicia Krywaniuk has been appointed to the role of corporate secretary. The company would also like to announce the appointment of advisers: Jasper chief executive officer Gord Keep and Fort Capital's Andrew Judson.

Jon Bey, chief executive officer and chairman, commented: "We are very pleased to have engaged the team at Jasper and we look forward to working together to drive shareholder value. Standard Uranium has built a solid uranium exploration company and we now have a financial advisory group providing us with their expertise to propel our business on the capital markets side."

Officer appointments

Ms. Chuang, chief financial officer

Ms. Chuang is a chartered professional accountant (British Columbia, Canada) with more than 15 years of experience in the resource and mining sector. Her experience includes serving as chief financial officer of Azincourt Energy Corp., a uranium developer in the world-class Athabasca basin uranium district of Canada; BluEnergies Ltd.; and Muzhu Mining Ltd. Ms. Chuang also served as chief financial officer of Northern Empire Resources Corp., a Nevada-focused mining company that was acquired by Coeur Mining in 2018; K2 Gold Corp. (formerly West Melville Metals Inc.); and Chakana Copper Corp. (formerly Remo Resources Inc.). Currently, Ms. Chuang is vice-president, finance, of Jasper Management and Advisory and president of VC Consulting Corp., which provides chief financial officer and other financial accounting and compliance services to a number of companies. Ms. Chuang articled with PricewaterhouseCoopers LLP and holds a bachelor of business administration from Simon Fraser University.

Ms. Krywaniuk, corporate secretary

Ms. Krywaniuk has an extensive background in corporate finance, compliance and governance, and systems management. Ms. Krywaniuk is vice-president, corporate finance, of Jasper Management and Advisory and has served as an officer and director of multiple private and public companies listed on the TSX Venture Exchange and the Canadian Securities Exchange, primarily focused in the natural resource sector. She has played a key role in managing numerous equity financings, private placements, debt financings, and mergers and acquisitions for a range of public companies. She previously worked for Vancity Credit Union in the policy and procedure department, managing files such as human resources and enterprise risk management. Prior to that Ms. Krywaniuk was the systems manager at a not-for-profit organization. Ms. Krywaniuk holds a business analysis certificate from the University of British Columbia's Sauder School of Business.

Advisers

Mr. Keep

Mr. Keep has extensive business experience in investment banking and creating public natural resource companies. Mr. Keep currently is chief executive officer of Jasper Management & Advisory, a private financial advisory firm. He also serves as an officer and/or director for several natural resource companies. From January, 2001, to July, 2007, Mr. Keep was managing director of corporate finance at Endeavour Financial Corp.; from September, 1997, until March, 2004, he was senior vice-president and a director of Lions Gate Entertainment Corp.; and, from April, 1987, until October, 1997, he was vice-president, corporate finance, in the natural resource group of Yorkton Securities Inc. He obtained his BSc in geological science from Queen's University in 1979 and his master of business administration from the University of British Columbia in 1983 and is a professional geologist in the province of British Columbia.

Mr. Judson

Prior to joining Standard Uranium, Mr. Judson has spent over 25 years in capital markets and private equity, focused on all aspects of the energy industry -- upstream exploration and production, oil field services, and mid-stream processing. Mr. Judson covered financial institutions across Canada, the United States and Europe and energy companies operating domestically and around the world. More recently, Mr. Judson was a managing director at Camcor Partners, a Calgary-based boutique private equity firm investing in upstream companies active in the Western Canadian sedimentary basin on behalf of institutional and private limited partnerships. He is also currently a senior adviser for Fort Capital, a Canadian investment banking firm.

Mr. Judson graduated from the University of Calgary with a BA in history (distinction) in 1991 and an MBA in finance (distinction) in 1995.

Private placement

The company is also announcing a non-brokered private placement to raise gross proceeds of up to $500,000. The offering will consist of units of the company at a price of six cents per unit and flow-through units of the company at a price of 7.5 cents per flow-through unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each flow-through unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each whole warrant shall entitle the holder to purchase one common share of the company at a price of 15 cents at any time on or before that date that is 24 months after the closing date of the offering.

The net proceeds raised from the offering will be used for the exploration of the company's projects and for working capital purposes.

Stock option and RSU (restricted share unit) grants

The company also announces that, pursuant to its omnibus incentive plan, it has granted stock options to certain directors, management and consultants of the company to purchase an aggregate of 890,000 common shares of the company at the price of seven cents per common share until May 2, 2030. Vesting of the stock options shall be as follows: 20 per cent of the options shall vest immediately, with a further 20 per cent of the options vesting every three months thereafter.

In addition to the options, the company has also granted 1.1 million RSUs to certain directors and senior officers of the company. The RSUs entitle the holder to receive one common share, the cash equivalent or a combination thereof on the vesting date of May 2, 2026.

About Standard Uranium Ltd.

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River project in the southwestern part of the Athabasca basin in Saskatchewan comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly undertested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective landholdings. The eastern basin projects are highly prospective for unconformity-related and/or basement-hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project in the northwestern part of the Athabasca basin in Saskatchewan comprises nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement-hosted and unconformity-hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

We seek Safe Harbor.