Generation Uranium Files NI 43-101 Technical Report for Yath Project in Nunavut

Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) has filed an independent technical report prepared in accordance with National Instrument 43-101 for its Yath Project located in the Angilak Basin of Nunavut, Canada. The report consolidates over five decades of exploration data, underscoring the project's discovery potential in one of Canada's most active uranium districts.

The Yath Project spans 17,363.60 hectares within the Yathkyed and Angikuni sub-basins of the Thelon Basin, situated along trend from the historical 43 million pound Lac 50 uranium deposit being advanced by ATHA Energy Corp. The project hosts multiple advanced targets including the VGR trend, BOG Zone, Fog & IM-6, Embryo, Lucky Break, MP-25, and Boulder Lake.

Key highlights from the report include 13 historic drill holes with anomalous radiation readings. Drill hole RC11-BOG-001 returned a spot reading of 6,300 counts per second at 17.53 meters, with assays showing 0.37% copper and 0.12% U3O8 between 16.8 and 18.3 meters. Clay alteration identified in drill cuttings and outcrop at the VGR target area is similar to alteration seen in Athabasca unconformity deposits. Historical boulder and outcrop sampling returned grades of up to 9% U3O8, and new first derivative magnetic mapping indicates structure parallel demagnetized zones related to historically defined targets.

“The Yath project benefits from more than five decades of exploration, creating a strong foundation that points to exceptional discovery potential,” said Michael Collins, President and CEO of Generation Uranium. “By bringing this information together in a clear, investor-ready format, Generation is showcasing the true scale of opportunity at Yath. As we move into the spring exploration season, our team is applying modern geophysics, reprocessing legacy datasets, and refining targets to aggressively advance the project toward uranium discovery.”

The filing comes amid a strengthening uranium market in 2026, with spot prices surpassing US$100 per pound and long-term contract prices moving above spot. A report by Shaw and Partners in February 2026 forecasts a potential multi-year uranium price spike toward US$200 per pound, driven by tightening supply and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. The World Nuclear Association projects global nuclear capacity could push annual uranium consumption toward 390 million pounds by 2040, compared to current mine production of about 150 million pounds annually.

Generation Uranium also announced the granting of incentive stock options to an officer for 200,000 common shares at a price of $0.075 for a three-year term expiring April 23, 2029. The company continues to advance its Yath Project with modern geophysics and target refinement ahead of the spring exploration season.

For further information, visit generationuranium.com. The technical report is available on SEDAR+ at www.sedarplus.com.