Mr. Derrick Dao reports

UNION POWER METALS STRENGTHENS LEADERSHIP TEAM WITH CRITICAL MINERALS EXPERTS AND GRANTS PERFORMANCE-BASED SECURITY COMPENSATION

Union Power Metals Corp. has added Erez Ichilov as senior adviser and Alexander Ryabchenko as vice-president of corporate development to the team. The company also has granted a total of 3.08 million performance-vested stock options and 800,000 performance-vested restricted share units (the RSUs) to certain directors, officers and consultants of the company pursuant to the company's equity incentive plan. The options and RSUs are 100-per-cent performance-vested with no time-based vesting component and will vest only upon the company achieving market capitalization and share price thresholds that represent meaningful value creation for shareholders.

Mr. Ichilov brings more than 20 years of global mining and critical minerals experience directly relevant to Union Power's strategy. He spent over a decade as managing director of Traxys Projects LP, the investments arm of the Traxys Group, a global physical commodities trading house, where he led the firm's investments into lithium, graphite, copper, nickel, as well as in a high-grade Kalahari manganese project in South Africa -- positioning him among a unique group of executives with direct, hands-on experience with manganese assets and the pallet of energy transition materials. Prior to Traxys, he served as deputy chief executive officer, corporate development of Cunico Resources N.V., a vertically integrated ferronickel producer operating mines and smelters in Kosovo and North Macedonia, and logistical port hubs in Greece, Albania and Montenegro, giving him deep operational and commercial familiarity with Central and Eastern European mining jurisdictions, permitting frameworks, and downstream metallurgical operations.

Mr. Ryabchenko is a mining operations executive with over 20 years of international experience leading large-scale uranium and battery metals projects in Africa and Europe. He previously served as managing director of uranium mine in Tanzania, where he led the full-cycle development of the project, including exploration, feasibility studies, permitting, construction of a pilot plant and securing project financing. Mr. Ryabchenko also headed the Dutch holding office of Uranium One, overseeing multijurisdictional operations, new business lines in gold, PGMs (platinum group metals) and battery materials, and group-level trading and portfolio management. He brings strong expertise in project execution, stakeholder engagement and operational risk management across complex regulatory environments.

"With Erez and Alexander joining the team, Union Power Metals is now backed by exactly the kind of bench it needs: real experience inside a high-grade manganese project, full-cycle project execution and years of operating experience in Eastern Europe jurisdictions where our projects sit," said Derrick Dao, chief executive officer of Union Power Metals. "That is exactly the lens we need as we advance Svabovce and Michalova toward European battery supply chains."

Regarding the performance-vested Securities, each vested option and RSU may be exercised or redeemed, as applicable, for one common share in the capital of the company. The options and RSUs will have terms as shown in the attached table.

"We deliberately structured the incentive plan and these grants to align with shareholder interests such that no member of the team sees a dollar of value unless our shareholders see value first," added Mr. Dao. "Every grant is 100 per cent performance-vested with no time-based vesting component. That is a deliberate departure from common practice, but we believe it is the standard our team should be held to. Performance-vesting equity rewards results for high performing teams."

A total of 2.3 million of the options and 600,000 RSUs have been granted to directors and officers of the company and, accordingly, such grant constitutes a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the grant of options to related parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

About Union Power Metals Corp.

Union Power Metals is a mineral exploration company focused on advancing high-potential manganese projects in Slovakia, while maintaining exposure to uranium assets in Botswana. The company is committed to responsible development and long-term value creation through the advancement of critical minerals essential to the global energy transition.

We seek Safe Harbor.