Mr. Jon Bey reports

STANDARD URANIUM ANNOUNCES CLOSING OF LIFE OFFERING

Standard Uranium Ltd. has closed its previously announced offering under the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) as amended by CSA Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) and has issued nine million units at a price of 10 cents per unit. 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 acquire an additional common share of the company at a price of 15 cents, commencing on the 61st day after the closing date of the offering until 36 months from the closing date. The warrants are subject to an accelerated expiry if, any time after the date that is 61 days following the closing date, the closing price of the common shares of the company on the TSX Venture Exchange or such other market as the common shares may trade from time to time, is or exceeds 30 cents for 10 consecutive trading days, in which event the holders of the warrants may, at the company's election, be given notice and the company will issue a press release announcing that the warrants will expire five days following the date of such press release. The warrants may be exercised by the holder of the warrants during the five-day period between the date of the press release announcing the accelerated expiry date and the expiration of the warrants.

Net proceeds raised from the offering will be used for the exploration of the company's Davidson River project and for working capital purposes.

In connection with closing of the offering, the company paid a finder's fee of $54,000 and issued 540,000 non-transferable share purchase warrants to an arm's-length party which assisted in introducing subscribers to the offering. Each finder's warrant is exercisable on the same terms as the warrants. The finders' warrants are subject to a four-month-and-a-day hold period expiring on Sept. 20, 2026. The offering was conducted in reliance on the listed issuer financing exemption, and, as a result, the units issued to subscribers in the offering are not subject to a hold period in accordance with applicable Canadian securities laws.

The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, PGeo, president and vice-president, exploration, of the company, a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Standard Uranium Ltd.

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River project, in the southwestern part of the Athabasca basin, Saskatchewan, comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly undertested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model, and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 43,185 hectares of prospective landholdings. The eastern basin projects are highly prospective for unconformity-related and/or basement-hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwestern part of the Athabasca basin, Saskatchewan, is composed of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement- and unconformity-hosted uranium deposits, yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

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