Mr. Michael Collins reports

GENERATION URANIUM ANNOUNCES $800,000 NON-BROKERED PRIVATE PLACEMENT

Generation Uranium Inc. has arranged a non-brokered private placement of up to $800,000 through the issuance of up to 11,428,571 units at a price of seven cents per unit.

Each unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to purchase one common share at a price of 12 cents per share for a period of two years from the date of the close of the financing.

The company intends to pay finders' fees in accordance with the policies of the TSX Venture Exchange. The private placement is subject to approval by the TSX Venture Exchange and all securities are subject to a four-month hold period.

Proceeds raised from the issuance of the units will be used by Generation for exploration on its Canadian uranium and critical mineral properties, general working capital, marketing, and project development.

Further to the company's news release of May 12, 2026, the TSX Venture Exchange has requested further details in relation to engagement of Plutus Invest & Consulting GmbH. The marketing agreement is for a term of 12 months commencing May 12, 2026, and ending May 11, 2027. Plutus is a Bremen, Germany-based firm specializing in European investor relations, marketing services and consulting, notably engaged by Canadian mining companies for European market outreach. Marco Massina is managing director of Plutus. Plutus has a business address at Buchtstrasse 13, Bremen 28195, Germany, and can be contacted via e-mail (contact@plutuinves.de) or by phone (49-42117540174), registered at Amtsgericht Bremen; registration No. HRB 39550 HB; managing director: Mr. Massina; Steuernummer; TAX-ID: 60 126 20118; Finanzamt Bremen, Germany, Umsatzsteuer-ID; VAT: DE366956957.

The media services provided by Plutus will be in consulting with the company's management in building corporate awareness through Plutus's network in Europe. Mr. Messina is independent of Generation and the only relationship is the marketing agreement currently under review. To its knowledge, Mr. Messina does not hold any securities of Generation directly or indirectly, nor does he intend to purchase any securities of the company. His interests in the company are to provide investment services. In accordance with the terms of the marketing agreement, the company will pay 100,000 euros to Plutus this month. Any payment exceeding 100,000 euros, up to a maximum of 250,000 euros, will be paid if the company requests to extend the initial campaign. The funds to pay for these marketing services will come from general working capital.

About Generation Uranium Inc.

Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets in premier jurisdictions. Its flagship Yath project is strategically located in Nunavut's Angilak district -- one of Canada's most active and rapidly emerging uranium camps. With a growing portfolio of high-priority targets and exposure to proven mineralized trends, Generation is well positioned to contribute to the future global supply of clean nuclear energy.