Mr. Philip Williams reports

ISOENERGY ANNOUNCES STRATEGIC SALE OF ITS ARGENTINA PORTFOLIO

IsoEnergy Ltd. has completed the sale to Jaguar Uranium Corp. of 100 per cent of the issued and outstanding shares of a wholly owned subsidiary of IsoEnergy, which holds, indirectly, a 100-per-cent interest in the Laguna Salada project located in Chubut and the Huemul project located in Mendoza. Jaguar is an arm's-length privately held company focused on the uranium sector with strong operating experience in Latin America and intends to pursue a listing on a recognized stock exchange in North America in the coming months.

Transaction highlights:

Demonstrates execution of business plan:  The transaction aligns with the company's strategy to maximize shareholder value through accretive opportunities, demonstrating its ability to leverage non-core assets in favourable market conditions.

Enhances focus on core jurisdictions:  The company maintains a focused production strategy, prioritizing near-term production in the United States and continuing development and exploration in Canada and Australia, all three of which are top uranium jurisdictions. The transaction allows for the efficient allocation of resources and capital, maximizing the value of core assets.

Bolsters equity portfolio while retaining upside potential:  With a history of successful accretive mergers and acquisitions, the transaction will enhance the company's equity portfolio, which is estimated at $16.9-million and includes holdings in NexGen Energy Ltd., Premier American Uranium Inc. and Atha Energy Corp., by adding approximately $13.6-million in value. Additionally, IsoEnergy will enter into an investor rights agreement, securing continued exposure as the properties are advanced through the right to participate in future equity financings and the right to elect one representative to the board of Jaguar.

Unlocks value through expertise in Latin America:  The properties will be in the hands of Jaguar, a well-capitalized company with proven technical and operational expertise in Latin America, ensuring successful exploration and development.

Philip Williams, chief executive officer and director of IsoEnergy, commented: "Since the merger with Consolidated Uranium late last year, IsoEnergy has been largely focused on advancing the Laroque East project in the Athabasca basin, host to the high-grade Hurricane deposit, and restarting its past producing uranium mines in Utah, the Tony M, Daneros and Rim mines. At the same time, we have been pursuing opportunistic transactions to realize value from non-core assets in the portfolio. Today's announcement is one such transaction. We firmly believe that every uranium pound in every jurisdiction will be required to meet expected future uranium demand and Jaguar, with its Berlin project in Colombia and now the IsoEnergy Argentinian properties, has an important roll to play in South America. By taking equity as consideration IsoEnergy remains exposed to the upside in Jaguar shares and we look forward to supporting the company and its accomplished leadership team going forward."

Transaction details

As consideration for the acquisition of the Target shares, Jaguar has agreed to deliver to the company: (a) upon closing of the transaction:

i. $10-million (U.S.) of Class A common shares of Jaguar, being two million Jaguar shares at a deemed price of $5.00 (U.S.) per share.

ii. A 2-per-cent net smelter returns (NSR) royalty payable on all production from the Laguna Salada project. Jaguar will have the right to buy back 1 per cent of the royalty for a period of seven years at a price of $2.5-million (U.S.).

iii. A 1-per-cent NSR royalty payable on all production from a portion of the Huemul project.

iv. An option to acquire a 1-per-cent NSR royalty payable on all production from the remainder of the Huemul project. (b) if the listing is not completed within 12 months following closing, 400,000 additional Jaguar shares at a deemed price of $5.00 (U.S.) per share; and (c) assuming the listing occurs, if the listing price of the Jaguar shares is less than $5.00 (U.S.) per share, such number of additional Jaguar shares to reflect (1) if the listing is completed on or before 12 months following closing, $10-million (U.S.) valuation of the properties at the listing price (subject to a minimum price per Jaguar share of $4.00 (U.S.)); and (2) if the listing is completed later than 12 months following closing, $12-million (U.S.) valuation of the properties at the listing price (subject to a minimum price per Jaguar share of $4.00 (U.S.)); provided that, in the event that Jaguar does not complete a concurrent financing for gross proceeds of at least $5-million (U.S.) in connection with the listing, all of the Jaguar shares issuable pursuant to this subparagraph will be issued at a deemed price of $4.00 (U.S.) per Jaguar share.

The Jaguar shares comprising the consideration will be subject to a contractual resale restriction of six months following the date of the listing.

In connection with closing, ISO and Jaguar have also entered into an investor rights agreement, which provides ISO with, among other things: (a) the right to participate in any future equity financing of Jaguar to maintain its pro rata interest in Jaguar; and (b) the right to nominate one member to the Jaguar board, such nominee to be supported by Jaguar in the same manner as all other members of the Jaguar board.

The participation right and nomination right will continue until such time as IsoEnergy and its affiliates cease to own at least 5 per cent of the outstanding Jaguar shares on partially diluted basis.

About IsoEnergy Ltd.

IsoEnergy is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the United States, Australia and Argentina at varying stages of development, providing near, medium and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada's Athabasca basin, which is home to the Hurricane deposit, boasting the world's highest grade indicated uranium mineral resource.

IsoEnergy also holds a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels Inc. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

We seek Safe Harbor.