Mr. Michael Collins reports

GENERATION URANIUM CLOSES FINAL TRANCE OF NON-BROKERED PRIVATE PLACEMENT

Further to Generation Uranium Inc.'s news releases of May 15 and May 29, 2026, it has closed the final tranche of its non-brokered private placement and has raised an additional $202,620 through the issuance of 2,894,570 units at a price of seven cents per unit. Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to purchase one common share at a price of 12 cents per share for a period of two years expiring June 15, 2028.

The company paid finders' fees of $840 and issued 12,000 finder warrants at a price of 12 cents per finder warrant share for a period of two years expiring June 15, 2028.

All securities issued are subject to a four-month hold period expiring Oct. 16, 2026.

Proceeds raised from the offering will be used by Generation for exploration on its Canadian uranium and critical mineral properties, general working capital, marketing, and project development.

About Generation Uranium Inc.

Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets in premier jurisdictions. Its flagship Yath project is strategically located in Nunavut's Angilak district -- one of Canada's most active and rapidly emerging uranium camps. With a growing portfolio of high-priority targets and exposure to proven mineralized trends, Generation is well positioned to contribute to the future global supply of clean nuclear energy.