Mr. Philip Williams reports

CONSOLIDATED URANIUM ANNOUNCES VOTING RESULTS FROM SPECIAL MEETING

Consolidated Uranium Inc. shareholders have overwhelmingly approved the previously announced merger involving Consolidated Uranium and IsoEnergy Ltd. at the company's special meeting held today.

The special resolution approving the arrangement was required to be approved by (i) at least two-thirds (66.67 per cent) of the votes cast by shareholders present in person or represented by proxy at the meeting, and (ii) a simple majority of the votes cast by shareholders present in person or represented by proxy at the meeting, excluding any common shares of the company held by any interested or related party (the minority approval) in accordance with Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions.

A total of 52,552,282 common shares, representing approximately 50.67 per cent of votes entitled to be cast at the meeting, were represented in person or by proxy at the meeting. Approximately 99.53 per cent of the votes eligible to be cast were voted in favour the arrangement resolution, including approximately 99.51 per cent of the votes cast after excluding an aggregate of 1,663,759 common shares held by interested or related parties pursuant to the minority approval.

The company will seek a final order approving the arrangement from the Ontario Superior Court of Justice (Commercial List) on Nov. 30, 2023. Closing of the arrangement remains subject to satisfaction of certain customary closing conditions, including receipt of final court, stock exchange and regulatory approvals. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the arrangement in early December, 2023.

Further details regarding the arrangement, including the principal closing conditions and the anticipated benefits for shareholders, can be found in the company's management proxy circular dated Oct. 23, 2023 in respect of the meeting, which can be found under the company's SEDAR+ profile.

About Consolidated Uranium Inc.

Consolidated Uranium was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States, each with significant past expenditures and attractive characteristics for development.

The company is currently advancing its portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah and Colorado, with a toll milling arrangement in place with Energy Fuels Inc., a leading U.S.-based uranium mining company. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning Consolidated Uranium as a near-term uranium producer.

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