Noble Plains closes $1.04-million private placement

Mr. Paul Cowley reports NOBLE PLAINS URANIUM CLOSES $1,049,725 OVER-SUBSCRIBED PRIVATE PLACEMENT Noble Plains Uranium Corp. has closed the non-brokered private placement previously announced on Sept. 17, 2025, and subsequently upsized on Sept. 18, 2025, and Sept. 26, 2025. The company issued an aggregate of 11,663,611 units at a price of nine cents per unit for gross proceeds of $1,049,724.99. "The strong demand for this financing allows our team to immediately advance drilling at Duck Creek, our flagship project in the Powder River basin, and to continue work across our Shirley basin portfolio," said Drew Zimmerman, president of Noble Plains. "It reflects our approach of raising capital in step with clear milestones and positions us to keep executing on our vision of rapidly building uranium pounds in the ground in America's top uranium jurisdictions." Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share at an exercise price of 15 cents at any time before 5 p.m. Pacific Time on Oct. 2, 2027, being the second anniversary of the date of issuance. In connection with the offering, the company paid cash finders' fees of $49,622.65 and issued 551,362 non-transferable finders' warrants, each exercisable to acquire one share at a price of 15 cents until Oct. 2, 2027. The company expects to use the proceeds of the offering to carry out its upcoming drill program on the Duck Creek project, located in the prolific Powder River basin of Wyoming, for additional exploration work to take place on the company's Shirley Central and Shirely East projects in the past-producing Shirley basin of Wyoming, as well as for general working capital purposes. Certain directors and officers of the company participated in the offering, acquiring an aggregate of 925,000 units for gross proceeds of $83,250. Participation by the insiders constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 pursuant to sections 5.5(a) and 5.7(a) of MI 61-101, respectively, as the fair market value of the securities issued to the insiders under the offering did not exceed 25 per cent of the company's market capitalization. The company did not file a material change report at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances as the details of the insider's participation were not confirmed until shortly before closing and the company wished to complete the offering in an expeditious manner. All securities issued under the offering are subject to a statutory hold period expiring Feb. 3, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering remains subject to final approval of the TSX Venture Exchange. About Noble Plains Uranium Corp. Noble Plains Uranium is a United States-focused uranium exploration and development company advancing a portfolio of high-potential projects amenable to in situ recovery (ISR), the most capital-efficient and environmentally responsible method of uranium extraction. The company's strategy targets historically drilled and underexplored assets in proven jurisdictions, with the objective of rapidly delineating National Instrument 43-101-compliant resources and building a scalable inventory of domestic uranium. Bradley Parkes, PGeo, vice-president of exploration and director of Noble Plains Uranium, is the qualified person as defined in National Instrument 43-101, who has read and approved the technical content of this news release. We seek Safe Harbor.