F4 Uranium has TSX-V OK to option 70% of Murphy Lake

Mr. Raymond Ashley reports F4 RECEIVES APPROVAL FOR MURPHY LAKE OPTION AGREEMENT Pursuant to the press release of July 29, 2025, the TSX Venture Exchange has granted approval of the option agreement with Stearman Resources Inc. (the purchaser) in which F4 Uranium Corp. has granted the purchaser the exclusive option to acquire an up-to-70-per-cent interest in the company's Murphy Lake uranium property in Saskatchewan. The transaction required the company to provide documents to the TSX-V, including a review of the company's financial statements and property expenditure, the full terms of the agreement, and the impact on the company. Ray Ashley, chief executive officer, noted: "The agreement is considered as an arm's-length transaction. The transaction reflects F4's focused strategy to unlock the project's potential through a committed partnership and establishes a clear path forward for exploration and development at Murphy Lake." As previously disclosed, the terms of the agreement include: To complete the acquisition of 50 per cent of the property, the purchaser agrees to paying an aggregate of $800,000 (inclusive of a $50,000 non-refundable payment) over two years to the company, financing a total of $10-million in expenditures over a period of 42 months, and issuing common shares of the purchaser equal to 9.9 per cent of the purchaser's issued and outstanding shares within six months. Following the exercise of the initial option, the purchaser has the option to acquire a further 20 per cent for a total 70-per-cent interest of the property by paying an aggregate of $500,000 over a period of three years, starting from the date of the agreement and financing an additional $8-million in exploration expenditures on or before the date that is five years of the agreement. Following the exercise by Stearman of the initial option, Stearman shall grant to F4 a 2.0-per-cent net smelter return royalty in respect of the property payable to F4 upon commencement of commercial production at the property, provided that the purchaser shall be responsible only for the percentage of the NSR royalty equal to its percentage interest in the property. On the earlier of such date as Stearman: (i) exercises the additional 20-per-cent option; (ii) elects not to exercise the additional 20-per-cent option; and (iii) 60 months from the initial payment date, the company and the purchaser will form a joint venture to further exploration and development on the property. The property consists of eight claims located in the northeastern Athabasca basin. There were no finders' fees payable on the transaction. About the Murphy Lake property F4's 609-hectare Murphy Lake property is located in the northeastern corner of the Athabasca basin, 30 kilometres northwest of Orano's McLean Lake deposits, five km south of IsoEnergy's Hurricane uranium deposit and four km east of Cameco's La Rocque Lake uranium zone where drill hole Q22-040 intersected 29.9 per cent triuranium octoxide over 7.0 metres. The 2022 maiden drill program at the Murphy Lake property consisted of 14 completed drill holes totalling 6,850 metres. Scintillometer results from hole ML22-006 intersected a peak of 2,300 counts per second (see news release dated Aug. 10, 2022), which resulted in assay results of 0.065 per cent U3O8 over 2.5 m from 322.5 m to 324.5 m, including 0.242 per cent U3O8 over 0.5 m. Qualified person The technical information in this news release has been reviewed and approved on behalf of the company by Sam Hartmann, PGeo, president and chief operation officer of F4, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). This news release also refers to neighbouring properties in which F4 Uranium has no interest, and the qualified person has been unable to verify the information from those properties. Mineralization on those neighbouring properties is not necessarily indicative of mineralization on the Murphy Lake property. About F4 Uranium Corp. F4 Uranium is a Canadian uranium exploration company focused on the Athabasca basin in Northern Saskatchewan and the latest uranium explorer, led by the same management and exploration team with a legacy of discovery successes. The project portfolio includes 17 wholly owned properties totalling roughly 157,000 hectares, many of which are near uranium deposits, including Paladin's Triple R, Nexgen Energy's Arrow and IsoEnergy's Hurricane projects. The assets were spun out of F3 Uranium in 2024, where the technical and management team made their third, and more recently fourth, uranium discoveries at Patterson Lake North and Broach Lake. F4's core focus will be split between the west and east sides of the Athabasca basin as the company is establishing itself as an explorer and project generator providing shareholders renewed exposure at an early stage. We seek Safe Harbor.