Mr. Michael Collins reports

GENERATION URANIUM APPLAUDS ATHA ENERGY'S URANIUM DISCOVERY AT LAC50NW ON THE ANGILAK PROJECT JUST SOUTH OF IT'S OWN YATH PROJECT

Generation Uranium Inc. is applauding Atha Energy's success in exploration on the Angilak project located just south of the company's Yath project as reported in its press release July 8, 2026. Atha is running three drill rigs on the Angiak project with a reported budget of 20,000 metres of drilling in 2026.

Atha's LAC50 NW relates to Generation's Yath project in two ways:

• The discovery demonstrates the continued mineralized nature of the LAC50 trend with a four-kilometre west jump out to the northwest for a new uranium discovery. The associated geophysical conductor can be seen to cross into the Yath project a further three km to the northwest.
• The concurrent gravity high continues approximately one km north to the Yath project border where historical uranium mineralization has been observed and is currently being investigated by the Generation field geologists and prospectors.

While geophysical conductors and the margins of gravity highs do not explain all of the uranium exploration targets on the Yath project, they do focus targeting in about 50 per cent of them in the central portion of the claims.

Chief executive officer Michael Collins comments: "Atha's success at LAC50NW was expected by our geology team at Generation as we have been integrating regional uranium trends and occurrences within our own exploration model. While our 2026 exploration plan was already targeting the LAC 50 trend as it crosses onto Generation ground and the northern extension of the Gravity high (which we also see as a greenstone belt margin), Atha's successes validates theses targets and moves them up the priority list for our geologist who are currently in the field picking drill targets."

Mr. Collins also noted, "Every discovery drill hole that Atha reports refines our exploration model and will improve our success rate as we move to get drills turning on the Yath uranium project."

Generation's field program is currently under way on the Yath project where are geologists are integrating historic exploration results derived from assessment reports, integrating ExpertGeophysics MMT conductors and identifying related structures in the field to constrain historic targets as well as defining new targets.

Qualified person

Michael Collins, PGeo, president, chief executive officer and director of Generation Uranium, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

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 located in Nunavut's Angilak district, one of Canada's most active and rapidly emerging uranium camps. Historic work has reported with historic results surface samples up to 9.8 per cent U3O8 (triuranium octoxide) and 1.0 m at 0.224 per cent U3O8 from 25.5 m in drill hole BOG-8-80.

With a growing portfolio of high-priority targets in a well-understood uranium district, Generation Uranium is well positioned to make discoveries that contribute meaningfully to the future global supply of clean nuclear energy.

We seek Safe Harbor.