Generation Uranium increases and Closes First Trance of Non-Brokered Private Placement

Vancouver, British Columbia – May 29, 2026 - Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (the “Company” or “Generation”) is pleased to announce that, further to its news release of May 15, 2026, it has increased and closed the first tranche of its non-brokered private placement (the “Offering”) and has raised $797,369 through the issuance of 11,390,983 units (the “Units”) at a price of $0.07 per Unit. Each Unit is comprised of one common share and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to purchase one common share at a price of $0.12 per share for a period of two years expiring May 29, 2028. The Company paid finders fees of $9,811.20 and issued 140,160 finder warrants at a price of $0.12 per finder warrant share for a period of two years expiring May 29, 2028.