Mr. Geoff Balderson reports

CANADIAN URANIUM TO ACQUIRE OPTION ON KING SOUTH PROPERTY

Canadian Uranium Corp. has entered into an option acquisition agreement with Impact Uranium Group Ltd., pursuant to which it will acquire Impact's right to acquire the King South property in Saskatchewan pursuant to an amended mineral property option agreement with Doctors Investment Group Ltd. (the optionor) in consideration for 8,230,187 common shares in the capital of the company issued at a deemed price of 45 cents per consideration share. The considerations shares will be subject to a four-month hold period under applicable securities laws and policies of the Canadian Securities Exchange.

Upon completion of the option acquisition, pursuant to the terms of the option agreement, the company may acquire the property by: (i) paying $200,000 on or before March 13, 2026; (ii) paying $350,000 on or before March 13, 2027; (iii) paying $500,000 on or before March 13, 2028; (iv) incurring $100,000 in exploration expenditures by July 30, 2026; (v) incurring additional $500,000 in exploration expenditures on or before March 13, 2027; and (vi) incurring additional $1.4-million in exploration expenditures on or before March 13, 2028. Upon commencement of commercial production at the property, if the company exercises the option, the company will pay a 1-per-cent net smelter return royalty to the optionor, which may be repurchased by the company for $1.5-million.

Closing of the option acquisition is subject to: (i) the receipt of all necessary consents, approvals and authorizations, including acceptance by the CSE and approval by the shareholders of Impact, for the option acquisition and the issuance of the consideration shares; and (ii) other customary conditions for a transaction of this nature.

About the King South property

The King South project is located in Saskatchewan's prolific Western mineral tenure zone within the eastern Athabasca region, which hosts world-class uranium deposits including Cigar Lake, McArthur River, Key Lake, Collins Bay and Eagle Point. The project is adjacent to exploration ground controlled by Fission 3.0 and Cameco.

Project highlights:

• Prolific eastern Athabasca location;
• 10,575 hectares;
• Large assessment database;
• Highway accessible.

About Canadian Uranium Corp.

Canadian Uranium is an emerging uranium exploration and development company focused on the prolific Athabasca basin -- the world's premier district for high-grade uranium deposits. The company's strategy centres on assembling highly skilled technical teams with expertise in uranium geology, advanced geophysics and Northern exploration logistics. Through disciplined acquisitions, innovative exploration methodologies and strategic partnerships, the company aims to accelerate project advancement and unlock value across its exploration portfolio.

We seek Safe Harbor.