Mr. Philip O'Neill reports

RADIO FUELS & NV KING GOLDLANDS ANNOUNCE COMPLETION OF BUSINESS COMBINATION

Radio Fuels Energy Corp. and NV King Goldlands Inc. have completed their previously announced plan of arrangement. Pursuant to the arrangement, Radio Fuels has acquired all of the issued and outstanding shares of NV King at an exchange ratio of approximately 8.73 common shares of Radio Fuels for each NV King share. Immediately following completion of the arrangement, former shareholders of NV King held 40 per cent of the issued and outstanding Radio Fuels shares.

Highlights:

• Radio Fuels will continue to provide unparalleled leverage to uranium and rare earth elements through its 100-per-cent ownership of the Eco Ridge project.
• Radio Fuels has added significantly to its project portfolio, becoming the largest junior gold explorer in Nevada when measured by mineral tenure. The NV King property portfolio ranks as the third largest in Nevada, just behind Nevada Gold Mines (Barrick/Newmont joint venture) and Kinross Gold Corp.
• Radio Fuels has attained exposure to the Atlanta gold mine project, currently being advanced by Nevada King Gold Corp., through the 3-per-cent net smelter royalty held by NV King.
• Shareholders of NV King will benefit from exposure to the Eco Ridge project and reduced future share dilution.
• The combined entity has a strong balance sheet with approximately $20-million in cash and marketable securities.

No changes to the company's board of directors have been made in connection with the arrangement. Management of the company will continue to be led by Radio Fuels' current senior management team.

In the coming days, Radio Fuels intends to apply for NV King to cease to be a reporting issuer under applicable Canadian securities laws. All registered shareholders of NV King are encouraged to complete, sign and return the letter of transmittal, which has been previously mailed and is available under NV King's SEDAR+ profile, with accompanying NV King share certificate(s) and/or DRS advice statement(s) (if applicable) to Alliance Trust Company as soon as possible, if they have not already done so. Non-registered shareholders of NV King are encouraged to contact their broker or other intermediary for instructions and assistance in receiving the Radio Fuels shares to which they are entitled.

For more information on the arrangement, see NV King's management information circular dated Oct. 8, 2024, filed under NV King's SEDAR+ profile on Oct. 16, 2024.

About Radio Fuels Energy Corp.

The company is a junior natural resource company focused on providing exposure to uranium and other commodities through the investment, acquisition, exploration and development of projects and companies. The company is also the third-largest mineral claim holder in the state of Nevada, behind Nevada Gold Mines (Barrick/Newmont) and Kinross Gold. Starting in 2016, NV King has staked large project areas hosting significant historical exploration work along the Battle Mountain trend located close to current or former producing gold mines.

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