Mr. Lester Esteban reports

TRACTION URANIUM ANNOUNCES CLOSING OF THE SECOND TRANCHE OF PRIVATE PLACEMENT

Further to Traction Uranium Corp.'s news release of Oct. 27, 2023, and Nov. 14, 2023, which announced: i) a private placement offering of up to 10 million non-flow-through units (NFT) and up to 5,714,285 flow-through (FT) units, as well as, ii) the closing of the first tranche of the offering, respectively, it has closed the second tranche of the offering by issuing two million FT units at a price of 17.5 cents per FT unit, for aggregate gross proceeds of $350,000.

Each FT unit consisted of one flow-through common share in the capital of the company and one warrant, whereby each warrant shall entitle the holder thereof to purchase an additional share at an exercise price of 20 cents for a period of 24 months from the date of issuance. The securities issued from the second tranche are subject to a statutory hold period of four months and one day from Nov. 24, 2023. The proceeds from the second tranche will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the Income Tax Act (Canada).

In connection with the closing of the second tranche, an aggregate of $21,000 was paid in cash and a total of 120,000 finders' warrants were issued as finders' fees. Each finder's warrant entitles the holder thereof to acquire one common share in the capital of the company at a price of 20 cents per finder's warrant share for a period of 24 months from Nov. 24, 2023.

The offering, in its entirety, is expected to close on or about Nov. 30, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.

About Traction Uranium Corp.

Traction Uranium is in the business of mineral exploration and the development of uranium discovery prospects in Canada, including its three uranium projects in the world-renowned Athabasca region.

We seek Safe Harbor.