Vanguard Mining applauds $3B investment for Darlington

Mr. David Greenway reports VANGUARD MINING APPLAUDS CANADA'S $3 BILLION NUCLEAR INVESTMENT AS URANIUM MARKET HEATS UP Vanguard Mining Corp. applauds today's historic announcement by Prime Minister Mark Carney and Ontario Premier Doug Ford confirming over $3-billion in combined federal and provincial investments to advance construction of the Darlington new nuclear project (DNNP) -- Canada's first grid-scale small modular reactor (SMR) initiative. As a Canadian exploration company, Vanguard Mining applauds today's announcement and recognizes the urgent need to expand secure domestic uranium supply to power forthcoming SMR and large-scale nuclear projects nationwide. Vanguard Mining's exploration strategy is aligned with Canada's clean-energy objectives and the buildout of a resilient nuclear fuel supply chain. David Greenway, chief executive officer of Vanguard Mining, commented: "Canada is entering a new era of clean energy leadership -- and uranium will be at its core. The government's investment in the Darlington SMRs represents a generational opportunity to strengthen energy security and reindustrialize Canada through nuclear power. Vanguard applauds Prime Minister Carney and Premier Ford for this decisive commitment to a nuclear-powered future. Our focus on uranium exploration aligns perfectly with Canada's clean energy objectives and positions Vanguard to contribute to the secure, sustainable fuel supply this new era demands." Uranium market strength and Athabasca basin financing momentum Uranium markets continue to strengthen as global demand accelerates and investor confidence surges. In recent months, exploration companies targeting Canada's Athabasca basin have raised substantial capital to advance new discoveries. Notably, NexGen Energy Ltd. closed a global equity offering raising $1-billion (Australian) (approximately $950-million) to advance its flagship Rook I project. Canalaska Uranium Ltd. announced a $15-million best-effort private placement to finance continuing exploration (Oct. 9, 2025), while F3 Uranium Corp. completed a $15-million bought-deal financing aimed at its Saskatchewan projects. Stallion Uranium Corp. also completed an oversubscribed $15-million non-brokered private placement to advance Athabasca exploration. Across the sector, analysts estimate that uranium developers and explorers have raised more than $1.2-billion (U.S.) in 2025, reflecting robust capital inflows into the nuclear fuel supply chain. Meanwhile, on the supply side, the global uranium outlook is tightening. Demand from new and restarted nuclear reactors is rising sharply while new mine development has lagged -- raising the prospect of future supply shortages. According to industry data, uranium demand is projected to double by 2040 while the U.S. Energy Information Administration warns of a cumulative 184-million-pound shortfall over the next decade if new projects are not developed. Forbes recently reported that uranium has outperformed nearly all other commodities this year, driven by strong demand and continuing supply disruptions. "The Darlington new nuclear project will create thousands of high-paying careers and power hundreds of thousands of Ontario homes with clean energy. This is a generational investment that will build lasting security, prosperity and opportunities. We're building big things to build Canada strong," stated Mr. Carney, Prime Minister of Canada. For Vanguard Mining, this environment reinforces the strategic importance of uranium exploration: escalating demand, constrained supply and heightened investor financing activity present a unique opportunity to advance domestic projects and help close the emerging supply gap. Analysts continue to highlight the high-grade, geologically rich Athabasca basin as the cornerstone of Canada's uranium future and a critical region for meeting global clean-energy goals. "Today's investment to support the first SMRs in the G7 is a down payment on Ontario's nuclear energy future. We're protecting Ontario by supporting good-paying, long-term jobs for Ontario workers and building the energy infrastructure -- including both SMRs and new, large-scale nuclear -- needed to make Ontario an energy superpower," stated Mr. Ford, Premier of Ontario. Qualified person The scientific and technical information contained in this news release has been reviewed and approved by Lawrence Segerstrom, a consulting geologist who is a qualified person as such term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Vanguard Mining Corp. Vanguard Mining is a Canadian mineral exploration company focused on the discovery and development of high-value strategic minerals. The company is currently advancing exploration projects in Argentina, Canada and Paraguay, with a focus on identifying and developing assets critical to the global energy transition. Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties. We seek Safe Harbor.