Mr. Adam Clode reports

U92 ENERGY ANNOUNCES PUBLIC OFFERING OF UP TO $6 MILLION

U92 Energy Corp. has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, except Quebec, in connection with an offering of units of the company. The offering is being conducted on a commercially reasonable efforts agency basis for the issuance of a minimum of nine million units and a maximum of 15 million units at a price of 40 cents per unit for gross proceeds between $3.6-million and $6-million, subject to the overallotment option described below.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one share at a price of 65 cents per share for a period of 48 months following the date of issuance.

The offering is expected to be completed pursuant to the terms of an agency agreement to be entered into between the company and Haywood Securities Inc., together with a syndicate of agents.

The units will be offered by way of a short form prospectus to be filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101, Short Form Prospectus Distributions. The units will also be sold: (i) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended; and (ii) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The agents have been granted an option to purchase up to an additional 15 per cent of the maximum number of units issuable under the offering at the offering price, exercisable in whole or in part, up to 48 hours prior to closing of the offering.

The net proceeds from the offering will be used to advance U92's Kurupung uranium project in Guyana, for payment of deferred cash consideration for the Guyana projects, and for general working capital and corporate purposes, as disclosed in the preliminary prospectus.

The offering is expected to close on or about Aug. 11, 2026, or such other date as the company and agents may agree. Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

The agents will receive upon closing of the offering compensation comprised a cash commission equal to 6 per cent of the gross proceeds and broker warrants of the company to purchase such number of shares as is equal to 6 per cent of the units sold in the offering (subject to a reduction, in each case, to 2 per cent for units sold to purchasers on a president's list). Each broker warrant will entitle the holder to acquire one share at the offering price for a period 24 months following the date of issuance.

Access to the preliminary prospectus and any amendments to such document will be provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment thereto. The preliminary prospectus is accessible on SEDAR+. Alternatively, an electronic or paper copy of the preliminary prospectus and any amendment to such document may be obtained without charge, from the agents by e-mail at ecm@haywood.com, or by providing the contact with an e-mail address or address, as applicable. The preliminary prospectus contains important, detailed information about the company and the offering. Prospective investors should read the preliminary prospectus before making an investment decision.

About U92 Energy Corp.

U92 Energy is a Canadian exploration company listed on the TSX Venture Exchange. The company is focused on the exploration and advancement of its high-quality, advanced-staged uranium assets in South America.

The company's flagship Kurupung project is situated in the Republic of Guyana, boasting over 129,723 metres of drilling and a historical indicated mineral resource of 10.6 million pounds (lb), and an inferred mineral resource of 10.0 million lb, at a cut-off grade of 0.03 per cent (300 parts per million ) U3O8. The historical mineral resource occurs in four deposits where mineralization remains open along strike and downplunge. There are eight additional targets in which prior drilling intersected significant uranium grades that remain to be followed up with further drilling.

Through systematic exploration and disciplined capital allocation, the company aims to unlock the full value of Kurupung while positioning itself as a leading uranium-focused exploration and development company in South America.

We seek Safe Harbor.