Mr. Marc Branson reports

PROTIUM CLEAN ENERGY CORP. CLOSES AGREEMENT TO ACQUIRE EMMA AND TEN O'CLOCK PROPERTY AND GRANTS OPTIONS AND RSUS

Protium Clean Energy Corp. has closed its previously announced property purchase and sale agreement with the beneficial owners (the sellers) of the Emma prospect and the Ten O'clock mine (see press release dated June 5, 2026).

Under the terms of the acquisition agreement the company made a $200,000 payment and issued 10 million common shares at a deemed price of 20 cents to the sellers in exchange for the properties.

The transaction is subject to approval of the Canadian Securities Exchange. The sellers are arm's length to the company. The securities issued will be subject to a four-month-and-one-day hold from the date of issuance as well as a four-month exchange hold.

Grant of options and RSUs

The company also announces that, effective Aug. 14, 2026, the board of directors approved the grant of an aggregate of 550,000 stock options and 450,000 restricted share units (the RSUs) to directors and officers of the company as follows: Marc Branson, chief executive officer and director -- 100,000 options and 250,000 RSUs; David Shisel, director -- 100,000 options and 50,000 RSUs; Doug Unwin, director -- 100,000 options and 50,000 RSUs; and Kyle Appleby, chief financial officer -- 250,000 options and 100,000 RSUs.

The options are exercisable at a price of 13.5 cents per share and vested in full on the grant date, and expire five years from the grant date on Aug. 14, 2031. The options and RSUs were granted under, and are subject to the terms and conditions of, the company's equity incentive plan and the applicable form of award agreement approved by the board. The grant of the options and RSUs remains subject to acceptance by the CSE. As the grantees are directors and officers of the company, the grants constitute related party transactions; the company is relying on the exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions available under sections 5.5(a) and 5.7(1)(a) thereof.

We seek Safe Harbor.