Mr. Greg Cameron reports

TERRA CLEAN ENERGY CORP. ANNOUNCES AGREEMENT TO EARN 100% INTEREST IN THE PROSPECTOR FREEDOM MINES PROJECT IN MARYSVALE, UTAH, UNITED STATES

Terra Clean Energy Corp. has provided terms to acquire up to a 100-per-cent interest in the Freedom and Prospector mines project, consisting of six Bureau of Land Management (BLM) unpatented lode mining claims on 39.5 hectares covering historic uranium mines (Prospector 1 mine, Prospector 4 mine, Buddy mine and Lucky Strike).

Transaction highlights:

• Four past-producing uranium mines covered on the claims and surrounding area having produced over 1.33 million pounds U3O8 (triuranium octoxide) at reported average grades of 0.22 per cent U3O8;
• Close proximity to major roads with good year-round access, power and a uranium mill located in Blandings, Utah;
• Uranium recently added to U.S. list of critical minerals, fast-tracking permitting, regulatory policies as well as making eligibility for federal funding, loans and government grants easier;
• Strong government support for nuclear power and uranium mining projects and a stated objective to reduce reliance on foreign nuclear fuel;
• Staged earn-in allows the company to optimize exploration programs;
• Provides Terra shareholders exposure to three North American assets both with near-surface uranium opportunities in low-risk jurisdictions.

Greg Cameron, chief executive officer, stated: "The opportunity here is you have an historic uranium district that was never systematically drilled, and, after decades, it will finally get modern mining technology. It is clear from the moment you arrive you are in a uranium district with many old workings, adits, shafts and old infrastructure. I am excited to see work begin and believe there to be a clear path to add significant value for our shareholders."

Rationale behind the acquisition

The Freedom and Prospector mines produced from 1949 through to 1969, historical production from the Marysvale district recorded over 1.33 million pounds U3O8 with over 75 per cent of that coming from these mines. The mines in the area were initially mined individually as deep as 700 to 900 feet; however, by the mid-1950s, the Prospector 1, Prospector 4, VCA Shaft, Freedom 1 and Freedom 2 mines were all joined by underground drifts and worked as one operation. Drilling in 1970s confirmed the ore continued down at least another 600 feet, which Terra plans to confirm through stepout drilling. It is important to note that the encompassing claims have a production history, in ideal locations, situated near main roads and secondary roads and have access to power and water sources. In December, the Trump administration added uranium to the critical minerals list with a view to attract capital to uranium projects.

"This project offers significant upside as it is clear that these old mines were abandoned in the 1970s due to a uranium market collapse not because they ran out of uranium to mine," stated Greg Cameron, chief executive officer of Terra. "We believe strongly that we can expand on the previous work through modern exploration technologies like 3-D modelling," added Trevor Perkins, vice-president, exploration.

Project overview

The Prospector and Freedom mines project consists of six contiguous claims covering 39.5 hectares in Piute county, Utah. The property is located adjacent to the Fishlake National Forest, approximately 5.25 kilometres northeast of the village of Marysvale. A network of gravel roads allow easy year-round access to the property.

Uranium in the area was discovered in 1948 and mining commenced in 1949 by Vanadium Corp. of America (VCA). Over the next few years, VCA consolidated various claims and operations in the area. Production ceased in the Marysvale area in 1969. Some exploration drilling was undertaken in the area in the late 1970s.

The Marysvale district hosts nearly vertical, northeast- and east-striking fissure veins that cut granitic and volcanic rocks of the Belknap volcanic sequence and is a prime example of an epithermal vein-style uranium system. Ore is located within the north-northwesterly striking, near-vertical Prospector fault. The primary ore minerals are uraninite, coffinite, jordisite and umohoite.

Terra's vice-president, exploration, visited the property in late 2025. Preliminary research indicates that there is still significant ore in the ground and the property has good resource potential. All available mining and production data for the property should be acquired and digitized. Air and ground-based radiometric surveys and trenching of anomalies will aid in developing an updated structural model for the area to allow efficient drilling and modelling of the remaining mineralization.

Transaction overview

To earn its respective interests in Freedom and Prospector claims, the company would be required to make the following cash payments and common share issuances and incur exploration expenditures on the respective claims as follows.

The agreements to acquire an interest in the Freedom and Prospector claims remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.

All securities issued in connection with these agreements would be subject to a four-month-plus-one-day hold period from the date of issuance in accordance with applicable securities laws.

Marketing agreements

The company entered into an agreement with Ares Capital Markets Group Inc. on Jan. 20, 2026, pursuant to which Ares will perform marketing, advertising and public awareness activities for the company. Ares will provide digital marketing services, including e-mail alerts, social media and related distribution. The services will be conducted in accordance with the applicable policies of the CSE.

Ares has been engaged by the company for a three-month period commencing immediately. In consideration for the services provided, the company has paid Ares $100,000 (U.S.) in an upfront payment.

Ares Capital Markets Group is based out of Delray Beach, Fla. Ares is arm's length to the company and has no relationship with the company, and neither Ares nor its principal, Rodney Raanan, has any interest, directly or indirectly, in the company or its securities or any right or intent to acquire such an interest other than as disclosed herein. Ares can be contacted at Rodney@arescmg.com, by phone at 516-369-4855 or at 6151 Via Venetia N, Delray Beach, Fla., 33484.

The company entered into an agreement with Aktien Check on Jan. 20, 2026, pursuant to which Aktien will perform the marketing, advertising and public awareness activities for the company in Europe.

Aktien has been retained by the company for a one-month period commencing immediately. In consideration for the services provided, the company has paid Aktien 25,000 euros in an upfront payment.

Aktien is based in Germany and is arm's length to the company and has no relationship with the company, and neither Aktien nor its principal, Stefan Lindam, has any interest, directly or indirectly, in the company or its securities or any right or intent to acquire such an interest other than as disclosed herein. Aktien can be contacted at stefan.lindam@aktiencheck.de, by phone at 49-2651-989-0020 or at Bahnhofstrabe 6, 54670, Bad Marienberg, Germany.

About Terra Clean Energy Corp.

Terra Clean Energy is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project within the Fraser Lakes B uranium deposit, located in the Athabasca basin region in Saskatchewan, Canada, as well as developing past-producing uranium mines in Utah and uranium exploration properties in Wyoming, United States.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, PGeo, the company's vice-president, exploration, and a qualified person as defined by NI 43-101.

We seek Safe Harbor.