<div id="readability-page-1"><div>(TheNewswire)Vancouver, British Columbia – May15, 2026 – TheNewswire - Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (the “Company” or “Generation”) announces a non-brokered private placement of up to $800,000through the issuance of up to 11,428,571 units (the “Units”) at aprice of $0.07 per Unit.Each Unit will be comprised of one common share andone-half of one common share purchase warrant (a “Warrant”). Eachwhole Warrant is exercisable to purchase one common share at a priceof $0.12 per share for a period of two years from the date of theclose of the financing.The Company intends to pay finders fees in accordancewith the policies of the TSX Venture Exchange. The private placementis subject to approval by the TSX Venture Exchange and all securitiesare subject to a four-month hold period.Proceeds raised from the issuance of the Units will be used by Generation for exploration on its Canadian uranium and critical mineral properties, general working capital, marketing and Project development.The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the &#34;U.S. Securities Act&#34;) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.Further to the Company’s news release of May 12, 2026, the TSX Venture Exchange has requested further details in relation to engagement of Plutus Invest &amp; Consulting GmbH (“Plutus”). The marketing agreement (the “Marketing Agreement”) is for a term of 12 months commencing May 12, 2026 and ending May 11, 2027. Plutus is a Bremen, Germany-based firm specializing in European investor relations, marketing services, and consulting, notably engaged by Canadian mining companies for European market outreach. Marco Massina is Managing Director of Plutus. Plutus has a business address at Buchtstrasse 13, Bremen 28195, Germany, and can be contacted via email (contact@plutuinves.de) or by phone: (+49 42117540174). Registered at AmtsgerichtBremen | Registration No. HRB 39550 HB | Managing Director MarcoMessinaSteuernummer | TAX-ID: 60 126 20118 Finanzamt Bremen, Germany,Umsatzsteuer-ID | VAT: DE366956957.The Media Services provided by Plutus will be inconsulting with the Company's management in building corporateawareness through Plutus's network in Europe. Mr. Messina isindependent of Generation and the only relationship is the marketingagreement currently under review. To our knowledge, Mr. Messina doesnot hold any securities of Generation directly or indirectly, nor doeshe intend to purchase any securities of the Company. His interests inthe Company are to provide investment services. In accordance with theterms of the Marketing Agreement, the Company will pay €100,000 to Plutus this month. Anypayment exceeding €100,000, up to a maximum of €250,000, will be paid if the Companyrequests to extend the initial campaign. The funds to pay for thesemarketing services will come from general working capital.About Generation UraniumGeneration Uranium is a Canadian exploration companyfocused on advancing high‑quality uranium assets in premier jurisdictions. Its flagshipYath Project is strategically located in Nunavut’s Angilakdistrict—one of Canada’s most active and rapidly emerging uraniumcamps. With a growing portfolio of high‑priority targets and exposure toproven mineralized trends, Generation is well positioned to contributeto the future global supply of clean nuclear energy.For Further InformationMichael Collins, P.Geo+1(778) 819-7881admin@generationuranium.comNeither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release. The TSXVenture Exchange has neither approved nor disapproved of the contentsof this news release.Uranium Outlook 2026The uranium market in 2026 continues to strengthen,supported by a widening structural supply deficit and acceleratingglobal demand. Spot prices surpassed US$100/lb early in the year asmine production struggles to keep pace with reactor requirements.Demand growth is being driven by the rapid expansion of AI‑powereddata centers, alongside significant increases in nuclear generationcapacity in China, India, and the United States. Long‑term contractprices have now moved above spot, reflecting a healthy and sustainedtrend as utilities secure supply in an increasingly competitiveenvironment.A comprehensive sector report1 released byShaw and Partners in February 2026 forecasts the potential for amulti‑year uranium price spike toward US$200/lb. The reporthighlights tightening fuel contracting cycles, accelerating nucleardemand, and persistent supply shortfalls as the foundation for apowerful re‑rating across the uranium sector.The report also underscores a growing disconnectbetween uranium supply and long‑term reactor demand. Global nuclearcapacity currently consumes approximately 180 million pounds (Mlb) ofU₃O₈ annually, while existing mine production delivers only about150 Mlb. According to the World Nuclear Association’s reference scenario2, global nuclearcapacity could expand significantly by 2040, pushing annual uraniumconsumption toward 390 Mlb.Shaw and Partners’ modelling furtherindicates:<ul><li>New mine supply requirements this decade could exceed350 Mlb, once depletion of existing operations is included.</li><li>Structural supply deficits could surpass 200 Mlb peryear in the coming decades unless new large‑scale uranium projectsare brought into production.</li></ul>Overall, the uranium market is expected to remaintight, with low inventories and rising demand driving utilities towardincreasingly aggressive long‑term contracting strategies. Thisenvironment continues to strengthen the outlook forexploration‑stage companies positioned in proven and emerginguranium districts.References1 https://widget.medianet.com.au/uranium-super-cycle-emerging-as-shaw-and-partners-lifts-price-forecast-to-us200lb/1044683?WebsiteId=1042 https://world-nuclear.org/our-association/publications/global-trends-reports/world-nuclear-fuel-report-2025#:~:text=The%20World%20Nuclear%20Association's%20biennial%20report%20on,including%20targets%20to%20achieve%20net%2Dzero%20carbon%20emissionsNot for distribution to United States Newswire Services or fordissemination in the United StatesCopyright (c) 2026 TheNewswire - All rights reserved.</div></div>

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Generation Uranium Inc. announces a non-brokered private placement of up to $800,000 through the issuance of 11,428,571 units at $0.07 per unit. Proceeds will fund exploration and development of uranium properties. The company also engaged Plutus Invest & Consulting GmbH for European marketing services. The uranium market is strengthening, with spot prices exceeding $100/lb and forecasts predicting potential price spikes toward $200/lb due to supply deficits and rising demand.

Generation Uranium Announces $800,000 Non-Brokered Private Placement