Mr. Dev Randhawa reports

F3 ANNOUNCES BOUGHT DEAL PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5 MILLION

F3 Uranium Corp. has entered into an agreement with Red Cloud Securities Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase for resale 25 million common shares of the company to be issued as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and will qualify as eligible flow-through shares as defined in the Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan), at a price of 20 cents per FT share for gross proceeds of $5-million.

In addition, the company has agreed to grant to the underwriters an option, exercisable in whole or in part by the underwriters at any time up to 48 hours prior to the closing date, to purchase for resale up to an additional five million FT shares at the offering price for up to an additional $1-million in gross proceeds.

The gross proceeds from the sale of FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada), and to incur eligible flow-through mining expenditures pursuant to the Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan), related to the company's uranium projects in the Athabasca basin, Saskatchewan, on or before Dec. 31, 2027. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2026.

The FT shares will be offered by way of the accredited investor and minimum amount investment exemptions under National Instrument 45-106 (Prospectus Exemptions) in all of the provinces of Canada. The FT shares will be subject to a hold period in Canada ending on the date that is four months plus one day following the closing date (as defined herein) as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 (Resale of Securities).

The offering is scheduled to close on April 17, 2026, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About F3 Uranium Corp.

F3 is a uranium exploration company, focusing on the high-grade JR zone and the new Tetra zone discovery 13 kilometres to the south in the PW area on its Patterson Lake North project in the western Athabasca basin. F3 currently has three properties in the Athabasca basin: Patterson Lake North, Minto and Broach. The western side of the Athabasca basin, Saskatchewan, is home to some of the world's largest high-grade uranium deposits, including Paladin's Triple R project and NexGen's Arrow project.

We seek Safe Harbor.