Mr. Jon Bey reports

STANDARD URANIUM CLOSES FIRST TRANCHE OF LIFE OFFERING

Standard Uranium Ltd. has closed the first tranche of its non-brokered private placement being conducted in reliance upon the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. In connection with closing of the first tranche of the offering, the company has issued 26,062,500 flow-through (FT) units at a price of eight cents for gross proceeds of $2,085,000.

Each FT unit consists of one common share of the company, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at a price of 12 cents until Nov. 10, 2028, of which 6,781,250 may not be exercised until Jan. 10, 2027.

In connection with closing of the first tranche of the offering, the company paid finders' fees of $123,600 and issued 1,545,000 share purchase warrants to certain eligible parties who assisted in introducing subscribers to the offering. The finders' warrants are exercisable on the same terms as the warrants and are subject to restrictions on resale until March 11, 2027, in accordance with applicable securities law. Other than the finders' warrants, the securities issued in the offering are not subject to a hold period in accordance with applicable Canadian securities laws.

The company anticipates closing a final tranche of the offering on or about Nov. 17, 2026, to bring total gross proceeds from the offering to $3-million. Completion of a final tranche of the offering remains subject to the approval of the TSX Venture Exchange.

About Standard Uranium Ltd.

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River project, in the southwestern part of the Athabasca basin, Saskatchewan, comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly undertested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity-related and/or basement-hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwestern part of the Athabasca basin, Saskatchewan, comprises nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement- and unconformity-hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

We seek Safe Harbor.