Reexploration arranges $1-million private placement

Mr. Christopher Drysdale reports REEXPLORATION ANNOUNCES $1,000,000 PRIVATE PLACEMENT Reexploration Inc. has arranged a private placement for aggregate gross process of up to $1-million to support the next phase of exploration at its Eureka project located in Namibia's Erongo mining district, the country's premier uranium corridor. Proceeds from the financing will be used primarily to finance a drill program designed to test a newly identified and highly prospective uranium target in early 2026, along with general working capital. As disclosed in the company's press releases dated Dec. 12, 2025, and Nov. 12, 2025, the company identified a new large-scale uranium target immediately southwest of the Eureka dome. The discovery is on trend to major uranium deposits like Rossing, Husab, Etango, Omaholo and Norasa in an area host to one of the world's most prolific uranium belts. The financing will comprise up to 9,090,910 shares of the company at 11 cents per share. To facilitate the financing, the company has entered into an agreement with Numus Capital Corp., a registered exempt market dealer, to act as agent for the financing. The company has agreed to pay to the agent a cash fee equal to 7 per cent of proceeds raised and to issue compensation warrants entitling the agent to purchase that number of shares as is equal to 7 per cent of the shares from investors introduced by the agent, except on subscriptions received from directors, officers and employees of the company and their affiliates and associates. Each compensation warrant will be exercisable into a share of the company at 11 cents per share for a period of 24 months from closing. Completion of the financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange, and all securities issued pursuant to the financing will be subject to a four-month-and-one-day hold period. The engagement of Numus Capital and the financing may constitute related party transactions under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon an exemption for shareholder approval required under Section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25 per cent of market capitalization of the company. About Reexploration Inc. Reexploration is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defence. The company's flagship Eureka project in central Namibia pairs a technically proven rare earth foundation -- supported by the production of a clean, Western-standard monazite concentrate -- with a newly defined, high-priority uranium target located within one of the world's most established uranium corridors. Together, these commodities provide multipath discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, Reexploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned (environmental, social and governance) platform positioned to benefit from the global race to diversify and secure responsible supply chains. We seek Safe Harbor.