Gamma Resources Announces Closing of Amended Payment Terms Negotiation for U.S. Uranium Portfolio Lease Agreement

Executive Summary

• TSX Venture Exchange accepted an amending agreement modifying the payment terms for Gamma Resources' U.S. uranium project lease.
• The amendment outlines a mix of completed cash payments, future cash obligations, and the issuance of 1,000,000 common shares to satisfy lease considerations.
• The updated terms provide enhanced near-term financial flexibility while Gamma continues exploration activities across its New Mexico and Utah uranium assets.

Key Details

• TSXV accepted the Amending Agreement dated April 14, 2026, modifying the original U.S. uranium project lease agreement.
• Completed cash payments: US$50,000 (Effective Date), US$200,000 (within 120 days), US$20,000 (by April 14, 2026), US$50,000 (by May 14, 2026), and US$50,000 (by June 14, 2026).
• Outstanding cash payments: US$180,000 (due July 14, 2026), US$250,000 (second anniversary of Effective Date), and US$250,000 (third anniversary of Effective Date).
• Share issuance: TSXV approved the issuance of 1,000,000 common shares to be issued as soon as practicable, subject to a statutory hold period of four months and one day.
• All other terms, conditions, and provisions of the original lease agreement remain in full force and effect.
• Exploration update: Ongoing work at the Mesa Arc Project (New Mexico) and Green River Project (Utah) is focused on data compilation, permitting, and field-based programs to support drill targeting.