Mr. Roger Lemaitre reports

HOMELAND EXPANDS DRILLING TO CENTRAL AREA OF COYOTE BASIN URANIUM SYSTEM

Homeland Uranium Corp. has provided a fourth update on the phase II exploration drilling program at the 100-per-cent-owned Coyote Basin uranium project.

Phase II drilling has advanced with the completion of an additional five reverse circulation (RC) drill holes, CB-RC-0043 to CB-RC-0047. A total of approximately 3,777 metres (12,392 feet) of the planned 5,300 metres (17,388 feet) has now been completed, representing approximately 71 per cent of the phase II drilling program.

Drill holes CB-RC-0043 to CB-RC-0045 were completed in the southern portion of the project area. This drilling continues the systematic stepout strategy designed to evaluate the lateral and southern extent of anomalous radioactivity across the project area. Downhole probe results from this fence continue to demonstrate a laterally continuous horizon of elevated radioactivity extending approximately 1,000 metres (3,280 feet) east-west by 600 metres (1,968 feet) north-south, and remains open to farther expansion to the south and east.

Elevated radioactivity typically occurs at relatively shallow depths, generally between approximately 50 and 100 metres (164 to 328 feet) below surface. The radiometric response and lithologies encountered in Holes CB-RC-0043 through CB-RC-0045 are consistent with those observed in the company's previously reported drill holes (see the company's news release dated Dec. 15, 2025, Dec. 22, 2025, and Jan. 8, 2026, available on the company's website or under its profile on SEDAR+). Anomalous radioactivity is observed primarily within the shales, claystones and fine-grained sandstones of the Upper Member of the Fort Union formation. A potential second zone of elevated radioactivity was observed below approximately 220 metres (722 feet) in drill hole CB-RC-0023 and remains open for follow-up during future drilling programs.

Drilling has now shifted to the central portion of the project with drill holes CB-RC-0046 and CB-RC-0047, which comprise part of a planned northeast-southwest-oriented drill fence designed to evaluate the area of the historical WMR resource and to follow up on reported mineralization, including 0.826 per cent U3O8 (triuranium octoxide) intersected in historical drill hole CB-101 (private internal report, Western Mining, executive summary, Coyote Basin uranium district, Rio Blanco and Moffat counties, state of Colorado, January, 1980). Initial downhole probe results from this area indicate a continuous (between drill holes) near-surface interval of elevated radioactivity extending from surface to approximately 50 metres (164 feet) depth and associated with the same rock types identified in the 2025 drilling program.

Roger Lemaitre, president and chief executive officer, Homeland Uranium, stated: "With drilling now advancing into the northern portion of the project, we are focused on evaluating the northern extent of the main historical resource area at Coyote Basin. The presence of elevated radioactivity observed in this area is consistent with what was encountered in historical drilling and provides additional confidence in the continuity of the mineralized system. As the program progresses, our objective remains to systematically expand the footprint of this anomalous horizon while advancing geochemical analysis to better characterize the uranium mineralization."

Geochemical samples collected from the completed drill holes have been shipped to SGS Laboratories in Lakefield, Ont., for analysis. Homeland will report geochemical and assay results once they have been received, compiled and reviewed by the company.

Quality assurance/quality control

All drill holes are radiometrically logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe, which collects continuous spectral gamma measurements along the length of the drill hole. Gamma values are collected and reported as counts per second are collected. The probe response is calibrated using co-efficients derived from the probe's most recent factory calibration and through comparison of probe responses with geochemical assay data from previously sampled intervals.

Spectral gamma tools measure natural radioactivity, and in situations where the uranium decay series is in equilibrium, such gamma readings can be converted into equivalent concentrations of uranium, thorium and potassium. However, if the uranium decay series is not in equilibrium, conversion of spectral gamma into equivalent concentrations of uranium may not be accurate, a phenomena known as uranium disequilibrium. Uranium disequilibrium has been documented to occur at the nearby former producing Maybelle uranium mine, located approximately 29 kilometres (18 miles) northeast of the Coyote Basin project (see Global Uranium & Enrichment's news release dated July 29, 2025).

As a first step in determining the accuracy of QL40 SGR spectral gamma ray downhole probe and determining whether uranium disequilibrium may occur at Coyote Basin, Homeland's geological team used a portable handheld XRF (SciAps X-555 REE analyzer) to test drill cuttings for the presence of uranium. Enough discrepancies have occurred when comparing the results of the spectral gamma ray downhole probe and the XRF that additional geochemical and assay sampling will be required before uranium grades can be accurately determined.

Homeland has collected samples from each five-foot interval of the drill holes for geochemical analysis which will be sent to SGS Laboratories in Lakefield, Ont. SGS Lab is certified ISO 17043: General requirements for proficiency testing. All SGS laboratories are required to participate in SGS's internal proficiency testing (PT) program: Laboratory Quality Systems International (LQSi) program, the largest PT program in the mining world. The SGS LQSi program currently involves over 100 laboratories on a regular basis, both SGS and non-SGS participants. SGS LQSi holds accreditation to the conformity assessment standard ISO 17043: General requirements for proficiency testing.

All depths and intervals reported are drilled depths and downhole lengths, unless otherwise stated. True thicknesses have not yet been determined.

About Homeland Uranium Corp.

Homeland Uranium is a mineral exploration company focused on becoming a premier United States-focused and resource-bearing uranium explorer and developer. The company is 100-per-cent owner of the Coyote Basin and Cross Bones uranium projects in northwestern Colorado.

The Coyote Basin project is reported by Energy Metals Corp. in its quarterly management discussion and analysis dated Sept. 30, 2006, filed with the Securities and Exchange Commission (SEC) to contain an estimated historical resource of 8.85 million tons grading 0.20 per cent U3O8 and 0.10 per cent V2O5 (vanadium pentoxide) totalling 35.4 million pounds of U3O8 and 17.7 million pounds of V205 (see Energy Metal's SEC disclosure). This resource was calculated by the previous project operator, Western Mining Resources, based on a 1978 to 1979 program of surface sampling, coring, drill hole chip sampling and gamma logging of 24 widely spaced holes (private internal report, Western Mining, executive summary, Coyote Basin uranium district, Rio Blanco and Moffat counties, state of Colorado, January, 1980).

The company is not treating the Coyote Basin historical resource estimate as current mineral resources and the reader is cautioned not to rely on either of these estimates. A qualified person (as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects) has not done sufficient work to classify the historical resources from the project as current mineral resources or mineral reserves nor can the company or the qualified person comment on the quality or verify the data obtained from the assay sampling programs from the project that were used to determine these historical resource estimates, as such information was not included in the historical reports acquired by Homeland. The company is not treating the historical resource estimate as current mineral resources or mineral reserves and the company and the qualified person is unable to compare the historical resource estimate to the Canadian Institute of Mining's current resource classification system at this time. The Coyote Basin project any future NI 43-101 mineral resource estimate will require considerable further evaluation which will include completion of the phase I drilling program and may require addition drilling to follow-up phase 1 results.

Qualified person

Nancy Normore, PGeo, the company's vice-president, exploration, is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical content of this news release.