Mr. Christopher Drysdale reports

REEXPLORATION ANNOUNCES CLOSING OF $1,000,000 PRIVATE PLACEMENT

Reexploration Inc. has successfully closed its previously announced private placement for aggregate gross proceeds of $1-million. This financing will finance the next phase of exploration at the company's Eureka project, located in Namibia's Erongo mining district, the country's premier uranium corridor. Reexploration will now focus on the drill program designed to test a newly identified and highly prospective uranium target in early 2026.

The financing comprised 9,090,910 shares of the company at 11 cents per share. The company paid Numus Capital Corp., a registered exempt market dealer, a cash fee of $70,000 or 7 per cent of proceeds raised and issued 636,363 compensation warrants entitling the agent to purchase that number of shares at 11 cents per share for a period of 24 months from closing.

The engagement of Numus Capital and the financing may constitute related party transactions under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon an exemption for shareholder approval required under Section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25 per cent of market capitalization of the company.

All securities issued pursuant to the financing are subject to a hold period lasting four months and one day from the closing.

About Reexploration Inc.

Reexploration is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defence. The company's flagship Eureka project in central Namibia pairs a technically proven rare earth foundation -- supported by the production of a clean, Western-standard monazite concentrate -- with a newly defined, high-priority uranium target located within one of the world's most established uranium corridors. Together, these commodities provide multipath discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, Reexploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned (environmental, social and governance) platform positioned to benefit from the global race to diversify and secure responsible supply chains.

We seek Safe Harbor.