Traction Uranium Announces Closing of Private Placement of C$500,000 of Unsecured Convertible Debentures

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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CALGARY, Alberta, Jan. 16, 2026 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF)
(FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that it has closed its previously announced non-brokered private placement of unsecured convertible debentures of the Company (the “Convertible Debentures”) for aggregate gross proceeds to the Company of C$500,000 (the “Offering”).

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The Convertible Debentures are denominated in principal amounts of C$1,000 and will mature 12 months from the date of issuance (the “Maturity Date”). The Convertible Debentures will bear interest at a rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity Date.

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The principal amount of each Convertible Debenture, plus any accrued interest thereon, is convertible into units of the Company (“Units”) at the election of the holder on, or at any time prior to, the Maturity Date at a conversion price equal to the most recent closing price of the common shares of the Company (“Common Shares”) on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the Company (the “Market Price”). Each Unit shall be comprised of one Common Share and one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to acquire one Common Share at an exercise price equal to 110% of the Market Price for a period of 24 months from the date of issuance.

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The Company intends to use the net proceeds raised from the Offering for general and administrative expenditures and general working capital purposes.

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All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period.

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This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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About Traction Uranium Corp.

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Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca Region.

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We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com/.

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On Behalf of The Board of Directors

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