Mr. Chris Huggins reports

GENERATION URANIUM PROVIDES CLARIFICATION ON CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Generation Uranium Inc. has clarified the disclosure in its news release dated Oct. 17, 2025, announcing the closing of the second and final tranche of its non-brokered private placement.

In connection with the offering a finder's fee was paid in the first tranche to Haywood Securities Inc., consisting of $1,200 and 24,000 broker warrants. For the second tranche, Generation paid a finder's fee to Ventum Financial Corp. consisting of $4,400 and 176,000 broker warrants. Each broker warrant is exercisable into one common share of the company at a price of 10 cents per share and expire two years from the date of issuance.

The offering consists of a total of 13.75 million units at a price of five cents per unit, raising aggregate gross proceeds of $687,500. Each unit comprises one common share and one full purchase warrant, exercisable into one common share at a price of 10 cents. All securities issued are subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The proceeds from the offering will be used for general working capital and corporate purposes.

About Generation Uranium Inc.

Generation Uranium is a Canadian resource exploration company with a focus on uranium. The company is advancing its 100-per-cent-owned Yath uranium project, strategically located in Nunavut's Angilak district, one of Canada's most active emerging uranium camps. With a robust pipeline of high-priority exploration targets and exposure to proven uranium-bearing corridors, Generation is well positioned to contribute to the future supply of clean nuclear energy.

We seek Safe Harbor.