Mr. Philip Williams reports

INDEPENDENT PROXY ADVISORY FIRM, ISS, RECOMMENDS ISOENERGY SHAREHOLDERS VOTE FOR THE ARRANGEMENT RESOLUTION WITH ANFIELD

Independent proxy advisory firm Institutional Shareholder Services Inc. (ISS) has recommended that IsoEnergy Ltd. shareholders vote for the ordinary resolution to approve the share issuance in connection with the previously announced arrangement involving the company and Anfield Energy Corp. at the upcoming special meeting of shareholders, to be held on Tuesday, Dec. 3, 2024, at 2 p.m. Toronto time.

Philip Williams, chief executive officer and director of IsoEnergy, commented: "We are pleased that ISS supports the board's unanimous recommendation that shareholders vote for the share issuance resolution. We look forward to working towards completion of the arrangement and encourage all IsoEnergy shareholders to follow the recommendations of ISS and IsoEnergy's board of directors to vote for the arrangement resolution."

ISS is widely recognized as the leading independent voting and corporate governance advisory firm. Its analysis and recommendations are relied on by many major institutional investment firms, mutual funds and fiduciaries throughout North America.

In its report, ISS stated, among other things, "The transaction makes strategic sense as the combined company is anticipated to have greater access to capital, increased trading liquidity, unlock potential cost synergies and provide development optionality to shareholders."

Vote today

Shareholders are reminded that the deadline to vote is fast approaching. Shareholders must submit their proxies before 2 p.m. Toronto Time on Friday, Nov. 29, 2024.

The board of directors of IsoEnergy recommends that shareholders vote for the share issuance resolution.

Your vote is important; please vote today.

The arrangement and meeting details

On Oct. 1, 2024, IsoEnergy and Anfield entered into a definitive agreement pursuant to which IsoEnergy has agreed to acquire all of the issued and outstanding common shares of Anfield by way of a court-approved plan of arrangement.

At the meeting, IsoEnergy shareholders will be asked to vote on the share issuance resolution and a special resolution approving a potential consolidation of the IsoEnergy shares, in each case as more particularly described in the management information circular mailed to IsoEnergy shareholders in connection with the meeting.

The meeting will be held on-line on Dec. 3, 2024, at 2 a.m. Toronto time. Shareholders of record as of Nov. 29, 2024, are eligible to vote at the meeting.

Please visit the special meeting page on the company's website for complete details and links to all relevant documents ahead of the meeting. The circular is also available under IsoEnergy's profile on SEDAR+.

Questions

If you have questions about the meeting matters or require voting assistance, please contact IsoEnergy's proxy solicitation agent, Laurel Hill Advisory Group, at toll-free 1-877-452-7184 (for shareholders in North America), 1-416-304-0211 (for shareholders outside Canada and the United States) or assistance@laurelhill.com.

About IsoEnergy Ltd.

IsoEnergy is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada's Athabasca basin, which is home to the Hurricane deposit, boasting the world's highest-grade indicated uranium mineral resource.

IsoEnergy also holds a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels Inc. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

We seek Safe Harbor.