Mr. Richard Robbins reports

URANIUM ONE MINING CORP. AND COPPER ONE RESOURCES CORP. ANNOUNCE PROPERTY PURCHASE AGREEMENT

Uranium One Mining Corp. and Copper One Resources Corp. have entered into a property purchase agreement. Pursuant to the definitive agreement, Copper One will acquire a 100-per-cent undivided legal and beneficial interest in nine mineral claims known as the Redonda copper property located northeast of Campbell River in the Vancouver mining division of British Columbia from Uranium One.

Transaction terms

Pursuant to the terms of the definitive agreement, as consideration for the acquisition of the property, Copper One will pay to Uranium One the sum of $1.1-million, payable on the closing date. Copper One will acquire the property free and clear of all encumbrances other than a 3-per-cent net smelter return royalty in favour of Homegold Resources Ltd. on commencement of commercial production and other permitted encumbrances as set out in the definitive agreement. Under the definitive agreement, Copper One has covenanted to assume, comply with and perform all obligations of the owner of the property in respect of the Homegold NSR.

The proposed transaction remains subject to certain closing conditions, including, without limitation: (a) the payment by Uranium One of its outstanding deferred balance of $300,000 to Homegold on or before Dec. 25, 2026, to enable Uranium One to acquire and convey to Copper One a 100-per-cent undivided legal and beneficial interest in the property, subject to the Homegold NSR; (b) the delivery by Uranium One of all duly executed instruments of transfer necessary to transfer its interest in the property to Copper One, including all documents required to initiate a bill of sale process on the mineral titles on-line system in connection with such transfer; (c) the receipt by each party of all necessary consents and approvals; (d) each party's representations and warranties in the definitive agreement being true and correct in all material respects as of the closing date; and (e) each party completing its covenants and obligations as contained in the definitive agreement. There can be no guarantees that the proposed transaction will be completed as contemplated or at all.

As David Greenway is a director and officer of both Uranium One and Copper One, the proposed transaction is considered a related-party transaction as this term is defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). Uranium One and Copper One are relying on the exemption from valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the consideration cash does not represent more than 25 per cent of either Uranium One's or Copper One's market capitalization, as determined in accordance with MI 61-101.

About Uranium One Mining Corp.

Uranium One is a Canadian mineral exploration company focused on the acquisition, exploration and development of uranium projects and select battery metal assets. The company is advancing a diversified portfolio of high-potential projects in Canada, Paraguay and Argentina, with a strategic focus on assets positioned to benefit from the increasing global demand for nuclear energy and secure energy supply chains.

The company's projects include the Quark uranium project, the Yuty Prometeo uranium project and the Nucleon uranium project, each of which offers significant exploration upside and potential for resource expansion.

Uranium One is committed to responsible exploration practices, disciplined capital allocation and the creation of long-term shareholder value through the systematic advancement of its project portfolio.

We seek Safe Harbor.