Mr. Dev Randhawa reports

STRATHMORE TO BEGIN 5,000FT SUMMER DRILL PROGRAM AT BEAVER RIM

Strathmore Plus Uranium Corp.'s exploration drill program at the Beaver Rim project in the prolific Gas Hills uranium district of Wyoming, will begin Monday, Aug. 3, 2026. The Gas Hills uranium district is the largest producing region in the state, with production of over 111 million pounds.

With the increase in uranium demand, the area is seeing a resurgence in exploration, with Cameco, UEC, UR Energy and EnCore Energy as neighbours in the Gas Hills district. Strathmore's drill program will consist of five holes totalling 5,000 feet on the western extent of the company's property in the West Diamond claim group. These claims and the drill targets lie immediately south and adjacent to Cameco's fully permitted Gas Hills in situ recovery project, where it reports combined measured and indicated resources of 13.3 million pounds (4,745,000 tons at 0.14 per cent eU3O8 (equivalent triuranium octoxide); Cameco's Dec. 31, 2025, annual report).

John DeJoia, PGeo, director, commented: "Ever since I worked in the Gas Hills and managed the adjacent UPZ property, now owned by Cameco, I have wanted to explore the Beaver Rim area. The Beaver Rim sediments formed the paleochannel that transported and ultimately hosted the uranium mineralization found in the Gas Hills, and I have long believed the broader Beaver Rim area has the potential to contain additional favourable depositional environments. That belief was reinforced in 2012 when Mr. Osier, Strathmore's VP [vice-president] of exploration, drilled our Beaver Rim claims during our time with the original Strathmore Minerals and successfully intersected uranium mineralization. Building on that foundation, I am excited about our 2026 exploration program and optimistic it will lead to the discovery of additional uranium mineralization on our Beaver Rim claims."

In 2012, Strathmore Minerals completed exploration drilling on lands currently controlled by the company's West Diamond claims, with 12 holes drilled that encountered multiple roll-front deposits across the extent of the 300-foot-thick mineralized arkosic-rich sands of the Eocene Wind River formation. The results of this previous drilling will help target Strathmore's current drill plan, which intends to begin exploration near the previously drilled hole WDS-10 complete in 2012. WDS-10 encountered three separate mineralized roll-fronts over a 120-foot-plus-thick zone. The following drill results highlight the uranium encountered during Strathmore Minerals' 2012 drill campaign:

This news release refers to neighbouring properties in which Strathmore Uranium has no interest, and the qualified person has been unable to verify the information from those properties. Mineralization on those neighbouring properties is not necessarily indicative of mineralization on the company's Beaver Rim property.

About the Beaver Rim project

The Beaver Rim project consists of 278 wholly owned mining claims totalling 5,744 acres. The Gas Hills uranium district is the largest historical producing region in the state, with production of approximately 111 million pounds of uranium between 1954 and 1987 (Uranium Geology and Resources of the Gas Hills District, Wind River Basin, Central Wyoming, 2019, Wyoming Geological Survey Circular No. 47). With the increase in uranium demand, the Gas Hills district is seeing a resurgence of exploration. The Beaver Rim area to the south was previously explored by American Nuclear in the 1970s, Cameco in the 1990 to 2000s, Strathmore Minerals in 2012, and mostly recently the company in 2024, where uranium mineralization was encountered at depths of 700 to 1,100 feet, contained in stacked, Wyoming-type roll-front deposits within arkosic-rich sandstones of the Eocene-age Wind River formation.

About Strathmore Plus Uranium Corp.

Strathmore is focused on discovering uranium deposits in Wyoming and has three permitted uranium projects (Agate, Beaver Rim and Night Owl). The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll-front deposits based on historical drilling data. The Night Owl property is a former-producing surface mine that was in production in the early 1960s.

Qualified person

The technical information in this news release has been reviewed and approved on behalf of the company by Terrence A. Osier, PGeo, Vice president of exploration for Strathmore Plus Uranium and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

This news release refers to neighbouring properties in which Strathmore Uranium has no interest, and the qualified person has been unable to verify the information from those properties. Mineralization on those neighbouring properties is not necessarily indicative of mineralization on the company's Beaver Rim property.

We seek Safe Harbor.