Aero Energy, Urano Energy and Pegasus Resources Announce Closing of $10.5 Million Subscription Receipt Private Placement

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) ("Aero" or the "Company"), Urano Energy Corp. (CSE: UE) (OTCQB: UECXF) ("Urano") and Pegasus Resources Inc. (TSXV: PEGA) ("Pegasus") are pleased to announce that, further to its news releases dated March 2, 2026 and March 4, 2026, they have closed the previously announced non-brokered private placement of 26,249,999 subscription receipts of the Company (the "Subscription Receipts") at a price of $0.40 per Subscription Receipt for gross proceeds of $10,500,000 (the "Subscription Receipt Financing"). The Subscription Receipt Financing was conducted in connection with Aero entering into a definitive arrangement agreement with Urano (the "Urano Transaction") and Pegasus (the "Pegasus Transaction", and together with the Urano Transaction, the "Transactions") to combine the three companies by way of court-approved plan of arrangements.