Mr. Derrick Dao reports

NUCLEAR VISION CLOSES UPSIZED PRIVATE PLACEMENT WITH PARTICIPATION BY ERIC SPROTT

Nuclear Vision Ltd. has closed its previously announced upsized non-brokered private placement by issuing 24 million units of the company at a price of 25 cents per unit for total gross proceeds of $6-million. Eric Sprott, through 2176423 Ontario Ltd., acquired eight million units for gross proceeds of $2-million pursuant to the offering as a strategic investor.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a tiered exercise price for a period of 24 months from the date of issuance as follows:

• 37.5 cents per share if exercised within the first 12 months following the closing date;
• 50 cents per share if exercised after 12 months but on or before 24 months following the closing date.

Mr. Sprott, through 2176423 Ontario, a corporation beneficially owned by him, acquired eight million units pursuant to the offering for total consideration of $2-million. Prior to the offering, Mr. Sprott did not beneficially own or control any securities of the company.

As a result of the offering, Mr. Sprott now beneficially owns or controls eight million shares and four million warrants of the company, representing approximately 12.8 per cent on a non-diluted basis and 18.0 per cent on a fully diluted basis assuming the exercise of such warrants.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Nuclear Vision's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 7 King St. E, Suite 1106, Toronto, Ont., M5C 3C5).

The company intends to use the net proceeds from the offering for general working capital purposes, to complete the exploration program on the company's uranium projects in Botswana, as described in the company's news release dated Dec. 2, 2025, for marketing and investor relations, and to plan and commence exploration work on the Svabovce and Michalova manganese projects in Slovakia, as described in the company's news release dated Jan. 22, 2026.

In connection with the closing of the offering, the company paid cash finders' fees of $69,150 and issued 276,600 non-transferable finders' warrants, with each finder's warrant exercisable on the same terms as the warrants.

All securities issued pursuant to the offering are subject to a statutory four-month-and-one-day hold period.

About Nuclear Vision Ltd.

Nuclear Vision is an energy transition focused exploration and development company advancing a diversified portfolio of uranium and critical mineral assets in stable, mining-friendly jurisdictions. The company's strategy is to identify underdeveloped assets with strong fundamentals, advance them through disciplined technical programs and create long-term value through responsible development.

We seek Safe Harbor.