U92 Energy Corp. Engages Drill Contractor for Inaugural 5,000 Metre Drill Program at the Kurupung Project in Guyana

Executive Summary

• U92 Energy Corp. has signed a commercial drilling contract with OGD Drilling (Guyana) Inc. for a Phase 1, 5,000‑metre diamond drill program at the Kurupung Uranium Project in Guyana.
• The program will target historic deposits (Aricheng South) and additional high‑grade targets (Accori North C), with the aim of expanding and upgrading the historical uranium resource estimate and testing for associated critical minerals.
• Concurrently, U92 granted 2,850,000 stock options to directors, officers and consultants under a newly approved Equity Incentive Plan, subject to shareholder ratification.

Key Details

• Drilling Agreement: Commercial contract with Orbit Garant (TSX: OGD) – OGD Drilling (Guyana) Inc.
• Phase 1 diamond drilling: 5,000 metres total.
• Mobilization to begin “shortly.”
• Exploration Objectives:
• Build on historic resource estimate (see disclosed Table 1).
• Expand resources along strike and down‑plunge of known mineralization.
• Test eight additional targets that previously intersected high grades.
• Evaluate presence of critical minerals co‑occurring with uranium.
• Target Areas:
• Aricheng South – one of the four historic deposits; focus on strike and down‑plunge drilling (Figure 2).
• Accori North C – >4,500 m historic drilling completed; additional drilling intended to support inclusion as a potential fifth deposit in the next resource estimate (Figure 3).
• Historical Resource Context:
• Historic estimates (2009 & 2012 reports) are not current resources and should not be relied upon.
• Historical inferred resources: ~10.6 M lb U₃O₈ (Indicated) and ~10.0 M lb U₃O₈ (Inferred) at a $55/lb price, cut‑off 0.05% U₃O₈.
• Equity Incentive Grants:
• 2,850,000 stock options granted to directors, officers and consultants.
• Exercise price: $0.28 per share; five‑year term; one‑year vesting schedule.
• Subject to shareholder approval at the next AGM under the new Equity Incentive Plan (allows up to 10 % of outstanding shares).
• Qualified Person: Dr. Richard Spencer, P.Geo., C.Geol., independent consultant, reviewed and approved technical data per NI 43‑101.

Notable Quotes

“We are thrilled to be starting the mobilization for the Company's phase one drill program at Kurupung… Our objective is to validate, expand, and upgrade the existing resource base while enhancing our geological understanding of the broader mineralized system.” – Adam Clode, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.