Mr. Connor Messler reports

GAMMA RESOURCES ANNOUNCES INCREASE IN PRIVATE PLACEMENT TO $1,750,000 AND CLOSING OF FIRST TRANCHE AT $872,500

Gamma Resources Ltd. has increased the gross proceeds of its non-brokered private placement to $1.75-million. On July 31, 2026, Gamma announced the private placement to raise up to $880,000 and, then on Aug. 27, 2026, increased it to $1.5-million. After closing the first tranche at $872,500, the company announces that it will further increase the private placement to gross proceeds of up to $1.75-million.

The private placement will consist of up to 21,875,000 units at a purchase price of eight cents per unit for gross proceeds of up to $1.75-million. Each unit will consist of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 12 cents for a period of 36 months following the closing of the private placement. The company anticipates closing a second tranche of the private placement shortly. The completion of the first tranche, and the subsequent second tranche, of the private placement is subject to the acceptance of the TSX Venture Exchange.

In connection with the closing of the first tranche, the company issued 10,906,250 units at a price of eight cents per unit. Each unit is composed of one common share and one warrant. Each warrant entitles the holder thereof to purchase one common share until Aug. 28, 2029, at an exercise price of 12 cents per warrant share. Finders' fees of $8,225 in cash and 102,813 finders' warrants are to be paid. The finders' warrants are non-transferable, have an exercise price of eight cents and may be exercised for a period of 24 months from the close of the private placement.

Directors of the company are expected to participate in the second tranche. Such participation is considered to be a related-party transaction as defined in Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The offering will be exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair market value of the securities issued to related parties, nor the consideration for such securities will exceed 25 per cent of the company's market capitalization.

All securities issued in connection with the private placement will be subject to a four-month-plus-one-day hold period from the closing date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange.

Use of proceeds: The company intends to use the net proceeds of the private placement to continue exploration at its Mesa Arc project in New Mexico and its Green River project in Utah, and for general working capital and corporate purposes.

About Gamma Resources Ltd.

Gamma Resources is a United States-focused uranium exploration and development company advancing high-quality assets in the Mountain West region of the United States. The company's portfolio includes the Green River project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc project in New Mexico, a strategic land position totalling 4,520 acres that includes historic uranium resources in the Chama basin. Management believes the company is well positioned to benefit from the policy and market tailwinds reshaping the U.S. nuclear landscape and to help meet growing demand with responsibly sourced, United States-based uranium supply.

Gamma trades on the TSX Venture Exchange, in the United States on the OTCQB and in Germany on the Frankfurt Stock Exchange.

Note regarding historical estimates

The historic uranium resources referred to in this news release are historical estimates. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves, the company is not treating them as current mineral resources or mineral reserves, and they should not be relied upon as such.

We seek Safe Harbor.