Traction Uranium options Jackson Lake from Geomap

Executive Summary

• Traction Uranium Corp. has entered into an option agreement with Geomap Exploration Inc. to earn a 100% interest in the Jackson Lake uranium property.
• The property is located in northeastern Saskatchewan, covering approximately 2,960 hectares within the prospective Wollaston domain along the eastern margin of the Athabasca basin.
• Traction can earn the interest by completing specific exploration expenditures, cash payments, and share issuances over a two-year period.

Key Details

• Counterparty: Geomap Exploration Inc.
• Asset: Jackson Lake uranium property.
• Location: Northeastern Saskatchewan, Canada.
• Property Size: Approximately 2,960 hectares of Crown land.
• Geological Context: Located in the Wollaston domain along the eastern margin of the Athabasca basin; Paleoproterozoic basement terrane part of the Trans-Hudson orogen; prospective for unconformity-related uranium mineralization.
• Exploration Potential: Features graphitic conductor corridors, basement fault structures, prospective unconformity settings, hydrothermal alteration signatures, and documented historical uranium showings.
• Earn-In Requirements: Traction may exercise the option by:
  • Financing $400,000 in exploration work.
  • Making aggregate cash payments of $100,000.
  • Issuing an aggregate of 1.35 million common shares.
• Timeline: Earn-in activities to be completed over the next two calendar years.
• Acceleration Clause: Traction may accelerate the exercise of the option at any time by completing all required exploration work, cash payments, and share issuances earlier than scheduled.
• Termination Terms: If the agreement is terminated prior to exercise, all consideration paid is forfeited, and Geomap retains 100% interest.
• Operator Rights: Traction acts as operator with sole and exclusive rights to enter and conduct exploration operations during the term.
• Share Restrictions: Common shares issued are subject to a statutory hold period of four months and one day from issuance.
• Closing Date: Expected on or about April 8, 2026.
• Regulatory Approval: Subject to receipt of approval from the Canadian Securities Exchange.

Notable Quotes

• Dr. Jared Suchan, chief executive officer and director of the company, and a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical contents of this news release.