Traction Uranium Signs Option Agreement to Earn a 100% Interest in the Jackson Lake Uranium Property located in Northeastern Saskatchewan

Executive Summary

• Traction Uranium entered into an option agreement to earn a 100% interest in the Jackson Lake Uranium Property (≈2,960 ha) in northeastern Saskatchewan.
• To exercise the option, Traction must provide $400,000 of exploration expenditures, $100,000 in cash payments, and issue 1,350,000 common shares over two years.
• The agreement closes on or about April 8 2026, subject to CSE approval; Traction will act as operator during the option period.

Key Details

• Property: Jackson Lake Uranium Property, Crown land in the Wollaston Domain of the Athabasca Basin, ~2,960 ha.
• Option Structure:
• Total Consideration: $400,000 exploration work + $100,000 cash + 1,350,000 common shares.

• Timing & Payments:

  Milestone	Exploration Expenditures	Cash Payment	Common Shares
  Within 5 business days of Closing (≈Apr 8 2026)	N/A	$20,000	1,100,000
  ≤ 1 year after Closing	$150,000	$30,000	100,000
  ≤ 2 years after Closing	$250,000	$50,000	150,000

• Accelerated Exercise: Traction may fund all required work and payments earlier than the schedule.

• Forfeiture Clause: If the agreement is terminated before exercising the option, all consideration paid is forfeited to the Optionor.
• Operator Rights: Traction will be sole operator with exclusive access for exploration activities on the Property during the option term.
• Share Issuance Hold Period: Shares issued are subject to a statutory hold of four months + one day and any additional exchange‑imposed holds.
• Closing Conditions: Expected closing on or about April 8 2026, pending approval from the Canadian Securities Exchange.
• Qualified Person: Dr. Jared Suchan, CEO & Director, has reviewed and approved the technical content under NI 43‑101.

Notable Quotes

“The Jackson Lake Property offers compelling exploration potential within one of the world’s most prolific uranium basins, and this option agreement positions Traction to advance its strategic growth in the Athabasca Region.” – Jared Suchan, CEO & Director, Traction Uranium Corp.