Mr. Adam Clode reports

U92 ENERGY CLOSES $8 MILLION PUBLIC OFFERING

U92 Energy Corp. has closed its previously announced brokered public offering of 20,125,000 units of the company at a price of 40 cents per unit, including 2,625,000 units issued as a result of the full exercise of the overallotment option granted to the agents, for aggregate gross proceeds to the company of $8.05-million.

The public offering was completed pursuant to an agency agreement dated Aug. 6, 2026, among the company, Haywood Securities Inc. and Jett Capital Advisors LLC, as co-lead agents, and Ventum Financial Corp.

Each unit was composed of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of 65 cents per share until Aug. 12, 2030.

The net proceeds from the public 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 more particularly disclosed in the company's short form prospectus dated Aug. 6, 2026.

In connection with the public offering, the agents received an aggregate cash commission of $429,720 and 1,074,300 broker warrants to purchase up to 1,074,300 common shares of the company. Each broker warrant is exercisable to acquire one broker warrant share at the offering price until Aug. 12, 2028. The public offering is subject to final approval by the TSX Venture Exchange.

The company also announces that it expects to close its previously announced non-brokered private placement of up to 3.75 million units at the offering price for gross proceeds of up to $1.5-million as announced on July 23, 2026, and Aug. 6, 2026, on or about Aug. 19, 2026, or such other date as determined by the company. The company previously upsized the non-brokered private placement from $1-million (2.5 million units) to $1.5-million (3.75 million units) as announced on Aug. 6, 2026. The non-brokered private placement is subject to approval by the TSX-V.

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, and an inferred mineral resource of 10.0 Mlb, at a cut-off grade of 0.03 per cent (300 parts per million) triuranium octoxide. The historic mineral resource occurs in four deposits where mineralization remains open along strike and down plunge. 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.