Ms. Isabel Vilela reports

GOVIEX SECURITYHOLDERS APPROVE ARRANGEMENT WITH TOMBADOR IRON LIMITED

At the special meeting of shareholders, warrantholders and optionholders held on Oct. 24, 2025, GoviEX securityholders overwhelmingly approved the previously announced plan of arrangement involving GoviEX and Tombador Iron Ltd.

Under the arrangement, Tombador will acquire all of the issued and outstanding Class A common shares of GoviEX by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), resulting in the formation of Atomic Eagle Ltd., an Australian Securities Exchange-listed uranium player with a strengthened balance sheet with a clear mandate to advance and enhance the Muntanga project in Zambia.

The special resolution approving the arrangement required approval from: (i) at least 66-2/3rds per cent of the votes cast by GoviEX shareholders present in person or represented by proxy and entitled to vote at the meeting; and (ii) at least 66-2/3rds per cent of the votes cast by GoviEX securityholders, voting together as a class, present in person, or represented by proxy and entitled to vote at the meeting.

Approximately 98.7 per cent of the votes cast by GoviEX shareholders at the meeting were in favour of the arrangement resolution and approximately 99.2 per cent of the votes cast by GoviEX securityholders at the meeting were in favour of the arrangement resolution, thereby satisfying all requisite GoviEX shareholder and GoviEX securityholder approval requirements.

GoviEX also notes that, at a general meeting held on Oct. 8, 2025, Tombador shareholders passed, by the requisite majorities, the resolutions relating to the transaction, including the issuance of consideration shares to GoviEX shareholders and replacement options to GoviEX optionholders and warrantholders, and the change of name to Atomic Eagle Ltd.

GoviEX intends to seek a final order of the Supreme Court of British Columbia approving the arrangement at a hearing expected to be held on Nov. 5, 2025. Subject to receipt of the final court order, regulatory approvals and satisfaction of other customary conditions, closing of the arrangement remains targeted for mid-November, 2025.

Further details regarding the arrangement are provided in GoviEX's management information circular dated Sept. 10, 2025, which is available under GoviEX's issuer profile on SEDAR+.

About GoviEX Uranium Inc.

GoviEX is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEX's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Muntanga project in Zambia.

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