Homeland Uranium receives approvals for Coyote drilling

Mr. Roger Lemaitre reports HOMELAND RECEIVES PERMIT TO COMMENCE COYOTE DRILL PROGRAM Homeland Uranium Corp.'s wholly owned subsidiary, Shift Exploration Inc., has received the necessary approvals from both the U.S. Bureau of Land Management (BLM) and the Colorado Division of Mine Reclamation and Safety (DMRS) to commence the company's planned drilling program at the Coyote Basin project in Moffat and Rio Blanco counties in northwestern Colorado. Both the DMRS and BLM have approved the notice-of-intent permit application that was submitted in early July (see Homeland's news release of July 9, 2025). The permit approves the drilling required to complete Part 1 of the phase 1 exploration plan at Coyote Basin, allowing for the drilling of approximately 35 reverse circulation holes totalling approximately 17,000 feet (5,300 metres) that will be focused on the key historical resource-bearing locations identified by previous operators and during the company's June mapping and prospecting program. The entire phase 1 exploration plan to evaluate the historical resource estimate at Coyote Basin consists of 50 to 70 holes totalling approximately 33,000 feet (10,000 metres). Location of all Part 2 holes will be contingent on the results of Part 1 and will require a separate permit from the BLM and DMRS. With receipt of this permit, the company can now finalize the services contracts negotiated with the preferred drilling contractor and other service providers. It is anticipated that the Part 1 drilling program will commence around Oct. 15. "The timely receipt of our exploration permit from the DMRS and BLM is a milestone that shareholders have been awaiting since the inception of company in March. We are excited to be able to kick off our maiden drill program at Coyote Basin and commence the work of proving up the historical resource estimate reported by the previous project operators. The permitted Part 1 program will allow the company to further refine target selection for the second half of the phase 1 drilling program and initiate the first steps of the metallurgical evaluation process of Coyote Basin uranium mineralization, both of which are key company objectives," stated Roger Lemaitre, president and chief executive officer of Homeland. About Homeland Uranium Corp. Homeland Uranium is a mineral exploration company focused on becoming a premier U.S.-focused and resource-bearing uranium explorer and developer. The company is the 100-per-cent owner of the Coyote Basin and Red Wash uranium projects in northwestern Colorado. Homeland is in the process of closing a transaction to acquire 100 per cent of the Skull Creek uranium project, located adjacent to the Red Wash uranium project, as reported in the company's news release dated Sept. 22, 2025. The Coyote Basin project is reported by Energy Metals Corp. in its quarterly management discussion and analysis dated Sept. 30, 2006, filed with the U.S. Securities and Exchange Commission (SEC) to contain an estimated historical resource of 8.85 million tons grading 0.20 per cent U3O8 (triuranium octoxide) and 0.10 per cent V2O5 (vanadium pentoxide) totalling 35.4 million pounds of U3O8 and 17.7 million pounds of V2O5. This resource was calculated by the previous project operator, Western Mining Resources, based on a 1978-1979 program of surface sampling, coring, drill-hole chip sampling and gamma logging of 24 widely spaced holes. The company is not treating the Coyote Basin historical resource estimate as current mineral resources and the reader is cautioned not to rely on either of these estimates. A qualified person (as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects) has not done sufficient work to classify the historical resources from the project as current mineral resources or mineral reserves, nor can the company or the qualified person comment on the quality or verify the data obtained from the assay sampling programs from the project that were used to determine these historical resource estimates, as such information was not included in the historical reports acquired by Homeland. The company is not treating the historical resource estimate as current mineral resources or mineral reserves and the company and the qualified person are unable to compare the historical resource estimate with the CIM's (Canadian Institute of Mining, Metallurgy and Petroleum) current resource classification system at this time. Any future NI 43-101 mineral resource estimate for the Coyote Basin project will require considerable further evaluation, which will include completion of the phase 1 drilling program, and may require addition drilling to follow up phase 1 results. Qualified person Nancy Normore, PGeo, the company's vice-president, exploration, is a qualified person as defined in NI 43-101 and has reviewed and approved the technical content of this news release. We seek Safe Harbor.