Mr. Roger Lemaitre reports

HOMELAND CONTINUES TO EXTEND NEAR-SURFACE ANOMALOUS RADIOACTIVITY AT COYOTE BASIN URANIUM PROJECT

Homeland Uranium Corp. has provided a third update on the phase II exploration drilling program at the 100-per-cent-owned Coyote Basin uranium project.

An additional eight reverse circulation (RC) drill holes, CB-RC-0035 to CB-RC-0042, have been completed as part of the continuing phase II drill program. Based on drilling completed to date, elevated radioactivity has now been confirmed over an area measuring approximately 1,000 metres (3,280 feet) by 600 metres (1,968 feet) and remains open for expansion. Approximately 3,400 metres (11,155 feet) of the planned 5,300 metres (17,388 feet) of the phase II drilling program have been completed to date, representing roughly 64 per cent of the total planned drilling.

Drill holes CB-RC-0035 to CB-RC-0040 were completed on a single east-west-oriented drill fence located approximately 200 metres (656 feet) south of the previously reported drilling, continuing the systematic stepout approach designed to evaluate the lateral extent of anomalous radioactivity across the project area (see the company's news release dated Dec. 22, 2025).

Downhole spectral-gamma-ray counts-per-second readings from these most recent drill holes continue to demonstrate the presence of elevated radioactivity occurring at relatively shallow depths, typically between approximately 50 and 100 metres (between 164 and 328 feet) below surface. The radiometric response and rock types observed on this drill fence are consistent with earlier drilling as anomalous radioactivity continues to be associated with shales, claystones and fine-grained sandstones of the Upper member of the Fort Union formation.

Drill holes CB-RC-0041 and CB-RC-0042, which comprise part of the planned southernmost east-west drill fence, also continue to exhibit elevated radioactivity at shallow depths in the southwestern portion of the current drill area. This suggests that the anomalous horizon persists toward the southern extent of the currently tested area and supports the interpretation of a laterally extensive anomalous horizon.

Roger Lemaitre, president and chief executive officer of Homeland Uranium, stated: "The completion of this third fence of drilling further demonstrates the scale and continuity of near-surface anomalous radioactivity at Coyote Basin, providing additional confidence in the geological interpretation of the presence of a laterally extensive horizon that remains open for further evaluation. As have we restarted the drilling program after the holidays, our focus remains on systematically expanding the footprint of this system while advancing geochemical analysis to better characterize the uranium mineralization."

Geochemical samples collected from the completed drill holes have been shipped to SGS Laboratories in Lakefield, Ont., for analysis. Homeland will report geochemical and assay results once they have been received, compiled and reviewed by the company.

It is not uncommon for uranium mineralization within sandstone-hosted uranium deposits to be in disequilibrium with the daughter products of the radioactive decay series (see the quality assurance/quality control section below). While downhole gamma logging is often an effective tool for defining radiometric horizons and correlating with historical drilling, it has been determined that chemical assays will be required before uranium grades can be accurately determined. Continuing drilling and geochemical analysis will support refinement of the geological model and improved characterization of uranium mineralization.

Quality assurance/quality control

All drill holes are radiometrically logged using a calibrated QL40 SGR spectral-gamma-ray downhole probe, which collects continuous spectral gamma measurements along the length of the drill hole. Gamma values are collected and reported as counts per second. The probe response is calibrated using co-efficients derived from the probe's most recent factory calibration and through comparison of probe responses with geochemical assay data from previously sampled intervals.

Spectral-gamma tools measure natural radioactivity, and, in situations where the uranium decay series is in equilibrium, such gamma readings can be converted into equivalent concentrations of uranium, thorium and potassium. However, if the uranium decay series is not in equilibrium, conversion of spectral gamma into equivalent concentrations of uranium may not be accurate, a phenomenon known as uranium disequilibrium. Uranium disequilibrium has been documented to occur at the nearby former-producing Maybelle uranium mine, located approximately 29 kilometres (18 miles) northeast of the Coyote Basin project (see Global Uranium & Enrichment's news release dated July 29, 2025).

As a first step in determining the accuracy of QL40 SGR spectral-gamma-ray downhole probe and determining whether uranium disequilibrium may occur at Coyote Basin, Homeland's geological team used a portable hand-held XRF (X-ray fluorescence) (SciAps X-555 REE (rare earth element) analyzer) to test drill cuttings for the presence of uranium. Enough discrepancies have occurred when comparing the results of the spectral-gamma-ray downhole probe and the XRF that additional geochemical and assay sampling will be required before uranium grades can be accurately determined.

Homeland has collected samples from each five-foot interval of the drill holes for geochemical analysis, which will be sent to SGS Laboratories in Lakefield, Ont. SGS is certified to ISO 17043: General requirements for proficiency testing. All SGS laboratories are required to participate in SGS's internal proficiency testing (PT) program: the Laboratory Quality Systems International (LQSi) program, the largest PT program in the mining world. The SGS LQSi program currently involves over 100 laboratories on a regular basis, both SGS and non-SGS participants. SGS LQSi holds accreditation to the conformity assessment standard ISO 17043: General requirements for proficiency testing.

All depths and intervals reported are drilled depths and downhole lengths, unless otherwise stated. True thicknesses have not yet been determined.

About Homeland Uranium Corp.

Homeland Uranium is a mineral exploration company focused on becoming a premier U.S.-focused and resource-bearing uranium explorer and developer. The company is 100-per-cent owner of the Coyote Basin and Cross Bones uranium projects in northwestern Colorado.

The Coyote Basin project is reported by Energy Metals Corp. in its quarterly management discussion and analysis dated Sept. 30, 2006, filed with the U.S. Securities and Exchange Commission (SEC) to contain an estimated historical resource of 8.85 million tons grading 0.20 per cent U3O8 (triuranium octoxide) and 0.10 per cent V2O5 (vanadium pentoxide) totalling 35.4 million pounds of U3O8 and 17.7 million pounds of V205 (see Energy Metals' SEC disclosure). This resource was calculated by the previous project operator, Western Mining Resources, based on a 1978/1979 program of surface sampling, coring, drill-hole chip sampling and gamma logging of 24 widely spaced holes (private internal report, Western Mining, executive summary, Coyote Basin uranium district, Rio Blanco and Moffat counties, state of Colorado, January, 1980).

The company is not treating the Coyote Basin historical resource estimate as current mineral resources and the reader is cautioned not to rely on either of these estimates. A qualified person (as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects) has not done sufficient work to classify the historical resources from the project as current mineral resources or mineral reserves, nor can the company or the qualified person comment on the quality or verify the data obtained from the assay sampling programs from the project that were used to determine these historical resource estimates, as such information was not included in the historical reports acquired by Homeland. The company is not treating the historical resource estimate as current mineral resources or mineral reserves and the company and the qualified person are unable to compare the historical resource estimate with the CIM's (Canadian Institute of Mining, Metallurgy and Petroleum) current resource classification system at this time. The Coyote Basin project any future NI 43-101 mineral resource estimate will require considerable further evaluation, which will include completion of the phase i drilling program and may require addition drilling to follow up phase 1 results.

Qualified person

Nancy Normore, PGeo, the company's vice-president, exploration, is a qualified person as defined in NI 43-101 and has reviewed and approved the technical content of this news release.