U92 Energy Corp. (TSXV: UTWO) is pleased to announce the closing of its previously announced upsized non-brokered private placement of 3,750,000 units of the Company at a price of $0.40 per Unit for aggregate gross proceeds to the Company of $1,500,000.

Each Unit was comprised of one common share of the Company and one-half of one common share purchase warrant. Each Warrant entitles the holder to acquire one Share at an exercise price of $0.65 per Share until August 27, 2030.

“Completion of the Offering and the Company’s $8 million brokered prospectus offering, which closed on August 12, 2026, will significantly help advance our exploration activities in Guyana by supporting local employment, contractors and service providers, as we continue to unlock the potential of our prospecting licenses and drive shareholder value,” said Adam Clode, CEO of U92.

The net proceeds from the Offering will be used to advance U92’s Kurupung uranium project in Guyana, for payment of deferred cash consideration for the Guyana projects and for general working capital and corporate purposes.

In connection with the Offering, the Company paid an aggregate of approximately $66,600 as finders’ fees and issued an aggregate of 225,000 finder warrants to certain persons who assisted the Company with the Offering. Each finder warrant is exercisable to acquire one Share at the Offering Price until August 27, 2028. The Offering is subject to final approval by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four (4) month plus a day hold period from the date of issuance in accordance with applicable securities legislation and policies of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

About U92 Energy Corp.

U92 Energy Corp. is a Canadian exploration company listed on the TSX Venture Exchange. The Company is focused on the exploration, and advancement of its high-quality, advanced-staged uranium assets in South America.

The Company’s flagship Kurupung project, is situated in the Republic of Guyana, boasting over 129,723 metres of drilling and a historical Indicated mineral resource of 10.6 million pounds (Mlbs), and an Inferred mineral resource of 10.0Mlbs, at a cut-off grade of 0.03% (300ppm) U₃O₈. The historic mineral resource occurs in four deposits where mineralization remains open along strike and down plunge. There are eight additional targets in which prior drilling intersected significant uranium grades that remain to be followed up with further drilling.

Through systematic exploration, and disciplined capital allocation, the Company aims to unlock the full value of Kurupung while positioning itself as a leading uranium-focused exploration and development company in South America.