Future Fuels receives exploration permits for Hornby

Mr. Rob Leckie reports FUTURE FUELS OBTAINS PHASE ONE EXPLORATION PERMITS TO ADVANCE HORNBY BASIN PROJECT Future Fuels Inc. has received the necessary permits to commence exploration activities at its wholly owned Hornby basin project, located approximately 95 kilometres southwest of Kugluktuk, Nunavut. "The receipt of exploration permits marks an important milestone for Future Fuels as we initiate fieldwork on the Hornby project," said Rob Leckie, president and chief executive officer. "With approvals in place, we are excited to begin our phase 1 program, which will commence imminently." Approved 2025 program The permitted 2025 field season will run from September until late fall and includes: A ground gravity geophysical survey focusing on the Mountain Lake uranium system area, comprising approximately 540 gravity stations on 200-metre spaced lines with 100-metre station spacing, covering approximately 12 square kilometres. The program will be helicopter supported from Kugluktuk. Potential follow-up prospecting, geological mapping, and targeted rock, soil, till sampling and an airborne geophysical survey will follow. This high-resolution gravity survey, conducted in partnership with Dahrouge Geological Consulting and EarthEx Geophysical Solutions, is designed to detect alteration systems and structural features prospective for unconformity-type uranium and sediment-hosted copper mineralization. The Nunavut Planning Commission (NPC) has confirmed that the company's proposed work program is exempt from screening by the Nunavut Impact Review Board (NIRB) as it falls within a class of works identified in Schedule 12-1 of the Nunavut agreement and presents no cumulative environmental concerns. Regulatory authorities, including Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC), the Kitikmeot Inuit Association (KIA), and the Nunavut Water Board, have been notified accordingly. Environmental and community engagement Future Fuels has implemented a comprehensive environmental and wildlife management plan with strict measures to minimize impacts to caribou, muskox and migratory birds, including seasonal timing restrictions, flight altitude protocols and buffer zones around sensitive habitats. Engagement with the Kitikmeot Inuit Association, the Hunters and Trappers Organization, and the Hamlet of Kugluktuk is continuing, and the company remains committed to open dialogue and local participation in its exploration programs. Looking ahead to 2026 Building on results from the 2025 field season, Future Fuels plans to advance to its first-ever drilling campaign at the Hornby project in 2026. The proposed program includes up to 10,000 metres of diamond drilling, and the establishment of a seasonal camp and all supporting logistics. Drill permit applications are expected to be submitted in fall 2025. National Instrument 43-101 disclosure Nicholas Rodway, PGeo (NAPEG licence No. L5576), is a consultant of the company and is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Properties. Mr. Rodway has reviewed and approved the technical content in this news release. About Future Fuels Inc. Future Fuels' principal asset is the Hornby project, covering the entire 3,407-square-kilometre Hornby basin in northwestern Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake system. Additionally, Future Fuels holds the Covette project in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares. We seek Safe Harbor.