Gamma closes $651,060 first tranche of placement

Mr. Gabriel Alonso-Mendoza reports GAMMA RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT Gamma Resources Ltd. has closed the first tranche of its previously announced private placement for gross proceeds of $651,060. The private placement will consist of up to 8,333,334 units at a purchase price of 12 cents per unit for gross proceeds of up to $1-million. Each unit will consist of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 18 cents for a period of 36 months following the closing of the private placement (the closing date). The company anticipates closing a second tranche of the private placement shortly. The completion of the first tranche, and the subsequent second tranche, of the private placement is subject to the acceptance of the TSX Venture Exchange. In connection with the closing of the first tranche, the company issued 5,425,500 units at a price of 12 cents per unit. Each unit comprises one common share and one warrant. Each warrant entitles the holder thereof to purchase one common share until Sept. 5, 2028, at an exercise price of 18 cents per warrant share. Finders' fees of $13,650 in cash and 113,750 finders' warrants are to be paid. The finders warrants are non-transferable, have an exercise price of 12 cents and may be exercised for a period of 24 months from the close of the private placement. Directors of the company have participated in the first tranche for an aggregate of 417,000 shares. Such participation in the first tranche is considered to be a related party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The offering will be exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed 25 per cent of the company's market capitalization. About Gamma Resources Ltd. Gamma Resources is a United States-focused uranium exploration and development company advancing high-quality assets in the Mountain West region. The company's portfolio includes the Green River project in Utah, comprising 1,100 acres near prominent regional producers and the Mesa Arc project in New Mexico, a strategic land position now totalling 4,520 acres that includes historic uranium resources in the Chama basin. Management believes the company is uniquely positioned to benefit from the unprecedented policy and market tailwinds reshaping the U.S. nuclear landscape, and help meet this demand with responsibly sourced U.S.-based uranium supply. We seek Safe Harbor.