Traction Uranium Announces LIFE Offering for up to C$833,400

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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CALGARY, Alberta, July 25, 2025 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that it intends to complete a private placement financing (the “Offering”) of units (each, a “Unit”) at a price of C$0.18 per Unit, with each Unit being comprised of one common share (each, a “Share”) and one Share purchase warrant (“Warrant”). Each Warrant will be entitling the holder to purchase one Share at a price of C$0.24 during the period between the date that is 60 days from Closing (as defined below) and the date that is 24 months from Closing. Closing of the Offering is anticipated to occur on or about August 8, 2025 (“Closing”). The Company notes that it will only complete the Offering if it is able to place a minimum of 2,777,777 Units for gross minimum proceeds of C$500,000.

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Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the securities issuable under the Offering will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the “LIFE Exemption”). As such, the securities issued to subscribers will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

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There is an offering document dated July 25, 2025 related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at https://tractionuranium.com/. The offering document contains further details regarding the Offering, including additional detail regarding the expected use of proceeds therefrom. Prospective investors in the Offering should read this amended and restated offering document before making an investment decision.

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The Company further announces that it has entered into a second amending agreement (the “Amending Agreement”) with the optionor for the Hearty Bay Project which amends certain terms of the mineral property option agreement dated December 9, 2021, as amended by the first amending agreement dated February 28, 2023 (the “Option Agreement”). See the news release of the Company dated December 10, 2021 for more information concerning the Hearty Bay Project and the Option Agreement.

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Pursuant to the Amending Agreement, the optionor has agreed to extend the due date of certain cash payments payable by the Company, as well as the deadline by which the Company is to incur certain exploration expenditures under the Option Agreement by a year, in consideration for the issuance of an additional 400,000 common shares (the “Consideration Shares”) of the Company to the optionor. The Consideration Shares shall be subject to a four-month hold.

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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 United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any available exemption from the registration requirements of the U.S. Securities Act and applicable United States state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.