Mr. Eduardo Buritica reports

CANADIAN URANIUM CORP. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 100% INTEREST IN LARGE SASKATCHEWAN MINERAL PROPERTY

Canadian Uranium Corp. has entered into a definitive sale and purchase agreement to acquire a 100-per-cent interest in the Carrot River property, a large mineral tenure package located in Saskatchewan, Canada. The acquisition represents another strategic addition to Canadian Uranium's growing Saskatchewan uranium portfolio and advances the company's objective of assembling material prospective uranium exploration assets in one of the world's most established uranium jurisdictions.

Acquisition highlights:

• Large land position: Canadian Uranium will acquire a 100-per-cent legal and beneficial interest in two mineral dispositions comprising the Carrot property covering an area of approximately 94,118 hectares in Saskatchewan.
• Acquisition consideration: Total consideration consists of cash payments of $600,000 and the issuance of $22-million in common shares of the company priced at the 10-day volume-weighted average price of the company's shares.
• Vendor participation: The private vendors will retain a 2-per-cent net smelter return (NSR) royalty and a 10-per-cent carried interest, subject to the terms of the royalty and participation agreement.
• The vendors are being granted a board nomination right in connection with the closing of the transaction.
• Strategic Saskatchewan positioning: The acquisition further expands Canadian Uranium's exposure to Saskatchewan's mineral exploration sector and provides an additional platform for evaluating uranium exploration potential.

Management commentary

"This acquisition significantly advances our internal model of building a uranium project portfolio rivalling some of the great companies in the sector. On the heels of the recent Rook 2 announcement, Carrot River becomes very complementary in securing a very large, highly prospective land package that we believe has the potential to define an entirely new uranium district. A rare opportunity in a world that urgently needs new sources of supply.

"We're also pleased with how the transaction was structured. While it does involve issuing shares, we view the dilution as a strategically positive rather than a cost. It brings in key shareholders and partners who are buying into our global vision and who share our conviction in the long-term fundamentals of uranium. Their support validates our strategy and strengthens our ability to execute. We look forward to advancing exploration across the package and unlocking the value we believe is there for all shareholders."

Acquisition terms

Under the terms of the agreement, Canadian Uranium has agreed to acquire the vendors' interest in the Carrot property for a cash payment of $600,000 and the issuance of $22-million common shares of the company priced at the 10-day volume-weighted average price of the company's shares. The cash payment is payable as to: (i) $150,000 on signing; (ii) $150,000 by Nov. 13, 2026; and (iii) $300,000 following the receipt of Canadian Securities Exchange acceptance. The consideration shares are to be issued upon closing, subject to applicable regulatory approvals. All common shares issued to the vendors will be subject to a 12-month contractual resale restriction. Common shares will be released from the contractual escrow in equal 25-per-cent tranches on: (i) the date that is four months and one day following the closing date; (ii) the date that is six months following the closing date; (iii) the date that is nine months following the closing date; and (iv) the date that is 12 months following the closing date.

The vendors will retain a 2-per-cent NSR royalty and a 10-per-cent carried interest in the property. The carried interest is structured to remain non-participating until commencement of commercial production, at which point it is subject to conversion into a participating interest in accordance with the royalty and participation agreement.

About Canadian Uranium Corp.

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.