Airborne MT Points to Patterson Lake Corridor at Todd Lake

The most recent news release from December 15, 2025, reports two main items: 1. Project Update on Todd Lake: F4 Uranium Corp. has completed an airborne Mobile MagnetoTellurics (Mobile MT) survey over the southern portion of its Todd Lake Project. The survey identified resistivity-low trends that are interpreted as possible extensions of the prolific Patterson Lake Corridor (PLC) and Carter Trends within the Clearwater Domain. Erik Sehn, VP Exploration, highlighted that the results reinforce the strong exploration potential of Todd Lake, particularly given F3 Uranium's recent Tetra Zone discovery 4 km north. The company plans to follow up with ground geophysical surveys to refine and prioritize drill targets. 2. Corporate Update (Debt Settlement): The company settled a total of $272,916 in debt by issuing 2,481,053 common shares to certain creditors, including insiders (Devinder Randhawa - Director, Raymond Ashley - CEO, Jeremy Polmear - CFO, and Sam Hartman - President and COO). This transaction was approved by shareholders and the TSX Venture Exchange and constitutes a related party transaction under Multilateral Instrument 61-101.

The news is a routine, albeit positive, update for an early-stage uranium exploration company.

The Todd Lake exploration results are positive for F4 Uranium. The airborne Mobile MT survey is a foundational step in identifying potential uranium mineralization, and the identification of resistivity-low trends consistent with known prolific corridors (Patterson Lake and Carter Trends) is encouraging. The proximity to F3 Uranium's Tetra Zone discovery (within the same Clearwater Domain) adds credibility to the prospectivity of the Todd Lake Project. This moves the project forward from initial assessment to the next phase of ground geophysics and drill target generation. This aligns with the company's previously announced exploration plans for Todd Lake (June 24, 2025, and June 5, 2025), which included ground EM surveys to define drill targets following airborne surveys.

The debt settlement is a common practice for junior exploration companies to manage cash flow and reduce liabilities. Settling $272,916 in debt by issuing shares (at an implied price of approximately $0.11 per share) is a positive step in deleveraging the balance sheet. However, it results in dilution for existing shareholders, as 2,481,053 new shares are issued. Insiders received the entirety of these shares, which while approved, always warrants careful observation. This follows a previous debt settlement announced on November 19, 2025 (TSXV approval of a debt settlement for 3,026,509 shares at $0.11), and a shareholder approval for a similar transaction at the AGM on October 23, 2025, for $280,306 and 2,548,236 shares at $0.11. This indicates a consistent strategy of converting debt to equity, primarily with insiders. While it helps preserve cash, the recurring nature and insider involvement highlight ongoing financial management challenges.

In the context of the historical news flow, the company has been active with exploration on its various properties (Wales Lake, Cree Bay, Grey Island, Todd Lake) and managing its capital structure. The cancellation of the Canadian Goldcamps Murphy Lake option (news from Dec 5, 2025, referring to an Oct 2024 event) was a negative development, though F4 subsequently announced a new option agreement for Murphy Lake with Stearman Resources on July 29, 2025, where F4 retained a 2% NSR. Therefore, the Murphy Lake property remains a potential asset under a new partnership. The latest news on Todd Lake provides a positive exploration vector on one of its key projects, offsetting some of the general administrative noise and dilution risks associated with the debt settlement. The company is actively executing its exploration programs outlined earlier in 2025.

F4 Uranium Corp. is a Canadian mineral exploration company focused on the discovery and development of high-grade uranium deposits within the Athabasca Basin region of Saskatchewan, Canada. The company holds a 100% interest in 17 mineral properties covering over 40,000 hectares in both the western and eastern Athabasca Basin.

Flagship Project: While the company has multiple projects, the recent news highlights Todd Lake as its "westside flagship Todd Lake Project." It is located along trend of the prolific Patterson Lake Corridor within the Clearwater Domain, an area gaining attention due to F3 Uranium's nearby Tetra Zone discovery. The company is actively advancing Todd Lake with airborne and planned ground geophysics to define drill targets.

Other significant projects include: * Wales Lake: A 100% owned, 40,113-hectare project in the western Athabasca basin. It has undergone airborne VTEM surveys and a maiden drill program in 2025, intersecting graphitic structures. It is permitted and drill-ready. * Cree Bay: Located in the eastern Athabasca basin, it has undergone Mobile MT airborne surveys to identify structural corridors. * Murphy Lake: Located in the northeastern Athabasca Basin. Initially subject to an option agreement with Canadian Goldcamps, which was terminated. F4 subsequently entered into a new option agreement with Stearman Resources Inc. on July 29, 2025, which allows Stearman to earn up to a 70% interest. F4 retains a 2.0% Net Smelter Return (NSR) royalty on this property. * Hearty Bay: Under option with Traction Uranium Corp. to earn up to a 70% interest, with F4 retaining a 2.0% NSR. * Clearwater West: Previously under option with SKRR Exploration Inc., which was terminated in January 2025. F4 retains a 2.0% NSR, with 1% repurchasable by SKRR for $1,000,000. * Grey Island: Targeted for Mobile MT airborne geophysical surveys as a first phase of exploration.

The company's technical team boasts experience in four major uranium discoveries in the Athabasca Basin.