Mr. Paul Gorman reports

TRACTION URANIUM ANNOUNCES SHARE CONSOLIDATION

Further to its news release dated Sept. 5, 2024, the consolidation of Traction Uranium Corp.'s issued and outstanding common shares on the basis of one postconsolidation common share for every 10 currently outstanding common shares will have a record date of Sept. 26, 2024.

On a preconsolidation basis, the company has 92,609,126 issued and outstanding common shares, and following the consolidation, the company expects to have 9,260,912 postconsolidation shares issued and outstanding. No fractional postconsolidation shares will be issued. If, as a result of the consolidation, a shareholder would otherwise be entitled to a fraction of a postconsolidation share, each fractional share following conversion that is at least one-half postconsolidation share will be rounded up to the nearest whole number and each fractional share that is less than one-half postconsolidation share will be cancelled. No cash consideration will be paid in respect of fractional shares.

The company's name and trading symbol will remain unchanged. The Cusip number for its postconsolidation shares will be 89239Q207, and the international securities identification number for the postconsolidation shares will be CA89239Q2071.

The consolidation is being conducted on a push-out basis. Shareholders of the company without physical share certificates do not need to take any action with respect to the consolidation, as they will automatically receive new DRS advice representing the postconsolidation common shares.

About Traction Uranium Corp.

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

We seek Safe Harbor.