Mr. Michael Collins reports

GENERATION URANIUM INTEGRATES MMT SURVEY INTO HISTORIC TARGETS AND INVESTIGATES AI TARGETING

Generation Uranium Inc. has provided an update on exploration planning for the 2026 field season.

As the company awaits approval of its drill permit and prepares for the coming field program, Generation is focused on refining and recalibrating historic targets through integration of the 2024 MMT survey results and the evaluation of artificial intelligence (AI) as an additional target ranking and optimization tool.

2024-2025 MMT survey integration

In 2025, Generation received the results of the Expert Geophysics mobile magnetotellurics (MMT) survey completed on the Yath project. The survey covered the majority of the property, with only a small block left incomplete due to deteriorating weather conditions. In total, 810 line kilometres were flown over an area of approximately 120 square kilometres. MMT surveys targeting unconformity-style uranium systems focus on three key elements:

• Graphitic conductor fault zones -- high-grade unconformity uranium deposits globally are associated with basement fault zones enriched in graphite, which is highly conductive;
• Hydrothermal alteration halos -- uranium-bearing acidic fluids alter surrounding sandstone or host rocks, producing conductivity highs (clay alteration) or resistivity highs (silicification);
• Deep structural controls -- understanding the architecture of deep structures helps identify pathways for uranium-bearing fluid migration.

Integration of conductive and resistive MMT corridors with historic mapping and sampling has significantly narrowed the footprint of known targets and, importantly, improved the understanding of structural orientations beneath overburden. Targets historically defined at the scale of hundreds of metres can now be constrained to zones only tens of metres wide.

The MMT data have refined the interpreted orientation of key uranium targets, including Bog, VGR, Embryo, Fox and Lucky Break, revealing that conductive and resistive trends are oblique to earlier interpretations.

Advancing toward drill-ready targets

The company continues to integrate the MMT data set with historic results from the Yath project, including:

• Surface samples up to 9.8 per cent U3O8 (triuranium octoxide) at the Embryo target;
• 1.0 m at 0.224 per cent U3O8 from 25.5 metres in drill hole BOG-8-80.

This work is advancing the definition and prioritization of the most prospective drill targets for discovery.

AI target generation and ranking

Generation recognizes that Yath is a target-rich project with a substantial volume of both historic and modern data. To enhance target ranking and improve discovery success, the company has engaged several AI-driven geological service providers and is evaluating which group is best suited to support advanced target analysis on the project.

Chief executive officer Michael Collins stated: "The MMT data represents a major leap forward for buried uranium targeting. This exploration concept has already been validated by Atha Energy's five new discoveries in 2025 on their Angilak project to the south. Generation has a real opportunity to shorten the discovery cycle at Yath while maximizing exploration dollars and drilling effectiveness" (Atha Energy press release, May 5, 2026). Mineralization hosted on an adjacent property is not necessarily indicative of mineralization hosted on Generation's property.

Qualified person

Michael Collins, PGeo, president, chief executive officer and director of Generation Uranium and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

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 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 in a well-understood uranium district, Generation is well positioned to make discoveries that contribute meaningfully to the future global supply of clean nuclear energy.

We seek Safe Harbor.