Mr. Lester Esteban reports

STEARMAN RESOURCES REPORTS AGM RESULTS AND MANAGEMENT CHANGES

Stearman Resources Inc. shareholders approved all routine matters put forward at the company's annual general meeting (AGM), held earlier today in Vancouver, B.C. At the AGM, Lester Esteban and Matthew Schwab were appointed to the board of directors, the number of which remains at five, including continuing directors Howard Milne, Kirby Renton and James Place, and now Mr. Esteban and Mr. Schwab.

Mr. Schwab is an acclaimed exploration geologist who, in 2014, as senior exploration geologist at NexGen Energy Ltd., was instrumental in the discovery of the Arrow uranium deposit, located in the southwestern Athabasca basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team, where he contributed to the sale of the Roughrider deposit to Rio Tinto for $654-million. More recently, he served as chief executive officer of Kraken Energy Corp. His prior roles include co-founding Axiom Exploration Group Ltd., and serving as president, senior adviser and founder of multiple successful private and public mineral exploration and energy consulting firms within the Canadian mining and petroleum industries. Mr. Schwab currently serves as chief executive officer and director of Stallion Uranium Corp., and as executive director of Atomic Minerals Corp.

The company is also pleased to announce the appointment of Mr. Renton as chief operating officer. In addition, the company announces that Steve Mathiesen has resigned as chief financial officer and corporate secretary of Stearman. The company thanks Mr. Mathiesen for his contributions and wishes him well in his future endeavours. The company is also pleased to report that Rick Mah has been appointed CFO and corporate secretary effective today.

Mr. Mah has more than 25 years of corporate finance experience in technology, finance and hospitality industries. During that time, he has held progressively senior finance roles with public and private companies. He has supported numerous financing activities, helping raise over $700-million of capital. In addition, he was a key contributor in a number of strategic transactions, ranging from $1-million to $3.4-billion, including valuation and integration activities. Mr. Mah holds a bachelor of business administration from Simon Fraser University, and is a chartered professional accountant and CFA charterholder.

Mr. Esteban commented: "Two thousand twenty-six is expected to be an important year for Stearman Resources as we continue advancing our exploration strategy and evaluating opportunities to expand our land position. Our operational focus remains on progressing high-potential uranium targets and preparing for drill programs anticipated to begin in the second and third quarters of the year.

"As exploration work advances, the company expects to provide regular technical updates, including geological observations and assay results when available, consistent with standard disclosure practices for a CSE-listed exploration issuer. In parallel, management will continue reviewing additional uranium properties that may complement the existing portfolio.

"This planned activity is intended to deliver multiple operational milestones throughout 2026, including target refinement, drilling and project expansion work. We look forward to keeping shareholders updated as this work progresses."

The company also announces that it has amended the terms of a previously disclosed consulting advisory agreement dated Sept. 25, 2025, with 1000968866 Ontario Ltd. Under the amended agreement, the consultant will continue to provide financial, marketing, strategic and market-related advisory services to the company for an extended term of 12 months, which commenced on Nov. 17, 2025, in consideration for a total fee of $221,000. The company will not issue any securities to the consultant in consideration for the services. The consultant does not have any prior relationship with the company, and the company and the consultant deal at arm's length. As of the date hereof, to the company's knowledge, the consultant (including its directors and officers) do not own any securities of the company.

About Stearman Resources Inc.

Stearman Resources is a Canadian-based junior mineral exploration company doing business as UraniumX Discovery Corp., singularly focused on advancing uranium discovery in Canada's Saskatchewan Athabasca basin. Its core assets sit on the eastern margin of the Athabasca basin, a premier global district known for hosting 10 of the world's top 15 highest-grade uranium deposits.

The Murphy Lake uranium property is the company's flagship, where Stearman is earning up to 70 per cent through an option with F4 Uranium. Adjacent to the world-class Wollaston domain, the property benefits from conductors, strong alteration and proven 2022 drilling that intercepted anomalous radioactivity near the basin's unconformity.

The company also owns 100 per cent of the Zoo Bay uranium project (15 claims; 19,850 hectares), positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighbouring claims.

Stearman further holds a 100-per-cent interest in the NeoCore uranium property (six claims; 13,012 hectares), located 65 kilometres southeast of McArthur River mine, within a stable, high-grade mining district supported by mills, power, all-season roads and established exploration infrastructure.

Exploration programs incorporate geophysics, drilling and a research collaboration with University of Saskatchewan, leveraging quartz-degradation analytics to sharpen target selection.

We seek Safe Harbor.