Generation Uranium Identifies High-Priority Drill Targets at Yath Uranium Project

Generation Uranium Inc. has announced significant progress in target definition and exploration planning at its 100%-owned Yath Uranium Project in Nunavut, setting the stage for a catalyst-rich 2026 drill program pending final permit approval. Following an extensive winter technical review, the company has upgraded its exploration model through integration of modern geophysics, historic datasets, and structural analysis, placing it in a strong position to pursue district-scale uranium discovery.

A cornerstone of Generation's strategy involves applying proven discovery models successfully implemented by neighboring operator Atha Energy at the adjacent Angilak Project. Atha's recent high-grade uranium discoveries and aggressive $63 million exploration program highlight the district's exceptional prospectivity. Generation's technical team has systematically applied these validated methodologies to the Yath Project, significantly enhancing confidence in the company's target pipeline. The company is leveraging the Expert Geophysics MobileMT survey flown in 2024 alongside emerging discovery models that have demonstrated success in the region.

During its review, Generation identified a key gap in the 2024 MMT survey caused by adverse weather conditions. The company is currently in advanced discussions with Expert Geophysics to complete this survey coverage in 2026, unlocking a previously untested and highly prospective portion of the property. In parallel, sophisticated inversion modeling is underway using historic datasets including AeroTEM (2008) TDEM, Fugro DIGHEM (2011) FDEM, and ground VLF surveys. This integrated approach is expected to significantly refine and enhance drill targeting across the project.

Generation has identified several compelling drill target areas across the Yath Project, including the VGR Trend priority target with planned seismic survey, the BOG Zone located along a northeast mineralized trend, and Fog & IM-6 targets defined along east-west structural corridors. Additional high-priority zones include Embryo, Lucky Break, MP-25, and Boulder Lake, all located at the convergence of key structural trends. The intersection of these structural trends represents a critical control observed in major uranium systems and forms a strong focus for discovery-driven drilling.

With a fully integrated targeting model, expanding geophysical coverage, and growing inventory of high-quality targets, Generation is rapidly advancing toward its first-ever drill program at Yath. The upcoming field season is expected to include targeted seismic surveys, structural reinterpretation, completion of MMT coverage, and drill testing of priority zones. Historic exploration has already identified uranium mineralization within the broader district, including the LAC 50 and RIB deposits located south of Yath. Recent work by neighboring operators has further validated the significance of northeast-trending structures in controlling uranium mineralization, as demonstrated by Atha Energy's discoveries detailed at https://athaenergy.com/atha-energy-confirms-new-high-grade-discovery-at-angilak-project-rib-north-maiden-hole-returns-assays-with-34-7-m-of-composite-uranium-mineralization-including-13-6-m-grading-0-53-u%e2%82%83o%e2%82%88/ and their ongoing exploration activities outlined at https://athaenergy.com/atha-energy-initiates-ongoing-site-mobilization-in-advance-of-2026-exploration-program-exploration-activities-commencing-in-april/.

The company cautions that mineralization on adjacent properties is not necessarily indicative of mineralization on the Yath Project. Michael Collins, President, CEO and Director, a qualified person as defined by National Instrument 43-101, has reviewed the scientific information that forms the basis for this news release and has approved the disclosure herein. The 2026 exploration season represents a transformational opportunity for Generation Uranium as it prepares to test high-priority targets in one of Canada's most active uranium districts, with potential implications for future uranium supply in the clean energy sector.