Generation Uranium Provides Clarification On Closing Of Second And Final Tranche Of Private Placement

(TheNewswire)

Vancouver, BritishColumbia – October 24, 2025 – TheNewswire - Generation Uranium Inc. GEN (the
“Company”) or “Generation” wishes to clarify the disclosure in
its news release dated October 17, 2025, announcing the closing of the
second and final tranche of its non-brokered private placement (the
“Offering”).

In connection with the Offering a finder’s fee was paid in the firsttranche to Haywood Securities Inc., consisting of $1,200,and 24,000 broker warrants. For the second tranche,Generation paid a finder’s fee to Ventum Financial Corp. consistingof $4,400, and 176,000 broker warrants. Each brokerwarrant is exercisable into one common share of the Company at a priceof $0.10 per share and expire two (2) years from the dateof issuance.

The Offering consists of a total of 13,750,000 units ata price of $0.05 per unit, raisingaggregate gross proceeds of $687,500. Each unitcomprises one common share, and one full purchase warrant, exercisableinto one common share at a price of $0.10. All securities issued aresubject to a hold period expiring 4 months and one day from thedate of issuance, in accordance with applicablesecurities laws and the policies of the TSX Venture Exchange(“TSXV”).

The proceeds from the Offering will be used for general workingcapital and corporate purposes.

FOR FURTHER INFORMATION CONTACT

Chris Huggins

Chief Executive Officer

admin@generationuranium.com

About Generation Uranium

Generation Uranium is a Canadian resource explorationcompany with a focus on Uranium. The Company is advancing its100-per-cent-owned Yath uranium project, strategically located inNunavut's Angilak district, one of Canada's most activeemerging uranium camps. With a robust pipeline of high-priorityexploration targets and exposure to proven uranium-bearing corridors,Generation is well positioned to contribute to the future supply ofclean nuclear energy.

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Forward-LookingStatements

This news release contains certainforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Readers are cautioned that theseforward-looking statements are neither promises nor guarantees, andare subject to risks and uncertainties that may cause future resultsto differ materially from those expected including, but not limitedto, market conditions, availability of financing, actual results ofthe Company’s exploration and other activities, environmental risks,future metal prices, operating risks, accidents, labor issues, delaysin obtaining governmental approvals and permits, and other risks inthe mining industry. All the forward-looking statements made in thisnews release are qualified by these cautionary statements and those inour continuous disclosure filings available on SEDAR at www.sedar.com.These forward-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.

Neither 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 the contents ofthis news release.

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