Mr. George Glasier reports

WESTERN URANIUM & VANADIUM ANNOUNCES RESULTS OF 2026 AGM

Western Uranium & Vanadium Corp. has released the results of the company's annual general and special meeting of shareholders, held in Nucla, Colo., on June 26, 2026. Proxy votes were cast for common shares representing approximately 43.0 per cent of the issued and outstanding common shares of the company as at the record date for the meeting. Each of the other matters put forward before shareholders for consideration and approval at the meeting, as described in the company's management information circular dated May 19, 2026, was duly approved by the requisite number of votes.

Re-election of directors

At the meeting, the shareholders re-elected all of the directors proposed by management of the company, namely George Glasier, Bryan Murphy, Andrew Wilder and Michael Skutezky.

Reappointment of auditor

The shareholders reappointed MNP LLP as the auditor of the company for the ensuing year and authorized the board of the company to fix the remuneration of the auditor.

Incentive stock option plan

The 2023 incentive stock option plan of the company was reapproved at the meeting and must be reapproved by Western's shareholders no later than the date that is three years from the date of the meeting.

Shareholder rights plan

The 2023 shareholder rights plan was reconfirmed and reapproved for a period of three years, and must be reapproved by Western's shareholders at the third annual general meeting of shareholders following the meeting.

Reappointment of officers and members of board committees

Subsequent to the meeting, the following management reappointments were confirmed for the ensuing year:

• Mr. Glasier as president and chief executive officer;
• Robert Klein as chief financial officer;
• Michael Rutter as chief operating officer;
• Denis Frawley as corporate secretary.

The newly elected board reappointed the following chairs:

• Mr. Murphy as chairman of the board;
• Mr. Wilder as chairman of the audit committee;
• Mr. Skutezky as chairman of the governance, nominating and compensation committee.

Each of the audit committee governance, and the governance, nominating and compensation committee, comprises three independent directors, namely Mr. Murphy, Mr. Wilder, and Mr. Skutezky.