Dr. Jared Suchan reports

TRACTION URANIUM SIGNS OPTION AGREEMENT TO EARN A 100% INTEREST IN THE JACKSON LAKE URANIUM PROPERTY LOCATED IN NORTHEASTERN SASKATCHEWAN

Traction Uranium Corp. has entered into an option agreement with Geomap Exploration Inc. Under the agreement, Traction has the right to earn a 100-per-cent interest in the optionor's Jackson Lake uranium property, located in northeastern Saskatchewan.

The property covers approximately 2,960 hectares of Crown land in northeastern Saskatchewan, strategically located within the prospective Wollaston domain along the eastern margin of the Athabasca basin. This Paleoproterozoic basement terrane, part of the Trans-Hudson orogen, is prospective for unconformity-related uranium mineralization and hosts some of the world's highest-grade uranium deposits. The property exhibits favourable exploration characteristics, including graphitic conductor corridors, basement fault structures and prospective unconformity settings, along with associated hydrothermal alteration signatures. Historical records also identify a documented uranium showing, further supporting its exploration potential.

Traction may exercise the option by financing $400,000 in exploration work, making an aggregate of $100,000 in cash payments and issuing an aggregate of 1.35 million common shares of Traction over the next two calendar years, as shown in the attached table. Traction may accelerate the exercise of the option at any time by financing such exploration work and completing such cash payments and common shares issuances at such earlier times as it determines. If the agreement is terminated prior to the exercise of the option, all consideration paid will be forfeited and the optionor will retain its 100-per-cent interest in the property. During the term of the agreement, Traction will act as operator, and will have sole and exclusive right to enter on and conduct exploration operations on the property.

Any common shares issued as part of the exercise of the option will be subject to a statutory hold period of four months and one day from the date of issuance, pursuant to Canadian securities laws and to any additional hold period applicable pursuant to stock exchange policies. The transactions contemplated by the agreement are expected to close on or about April 8, 2026, and remain subject to receipt of approval from the Canadian Securities Exchange.

Qualified person

Dr. Jared Suchan, chief executive officer and director of the company, and a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical contents of this news release.

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile on SEDAR+.

About Traction Uranium Corp.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca region.

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