Stallion Uranium Corp. announced that, further to its news release dated January 22, 2024, the Company has entered into a definitive purchase and sale agreement dated February 12, 2024 (the ?Agreement?), under which the Company has granted Glorious Creation Limited (?Glorious?) the right to acquire a 100% interest in its Eastern Basin Projects, comprising seven (7) mineral claims totalling approximately 10,874 hectares (26,870 acres) and located in the Province of Saskatchewan (the ?Property?). Pursuant to the Agreement, Glorious shall acquire a 100% interest in the Property for the following consideration to the Company: concurrently with the signing the Agreement, a cash payment of $100,000.00 (the ?Deposit?), which one half of the Deposit ($50,000) will be refundable by the Company to Glorious should Glorious does not obtain approval from the Canadian Securities Exchange (?CSE?); on the date of the Closing (the ?Closing Date?), a cash payment of $300,000; an aggregate of 2,500,000 common shares of Glorious (each, a ?Share?) to be issued to the Company as follows: 500,000 Shares on the date which is six (6) months following the Closing Date, 500,000 Shares on the date which is twelve (12) months following the Closing Date, 500,000 Shares on the date which is eighteen (18) months following the Closing Date, and 1,000,000 Shares on the date which is twenty-four (24) months following the Closing Date.

The Company shall retain a royalty of 3% of net smelter returns from minerals mined and removed from the Property, of which Glorious may purchase up to one and one-half percent (1.5%) at any time prior to commercial production on the Property as follows: $500,000 for one-half percent (0.5%); $750,000 for an additional one-half percent (0.5%); and $1,000,000 for an additional one-half percent (0.5%). The Company and Glorious have also agreed to enter into an operating agreement (the ?Operating Agreement?) pursuant to which Stallion will conduct an agreed upon exploration program on one or more of the Properties. The completion of the transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including the approval of the TSXV Venture Exchange, if applicable, Glorious?

receipt of approval of the CSE and its shareholders, and the Company delivering a National Instrument 43-101 ? Standards of Disclosure for Mineral Propertiescompliant technical report with respect to the Property. The projects are located in the Eastern Athabasca Basin with the Wollaston and Mudjatik Supergroups.

The region has been the focus of uranium exploration over the last 50 years and is host to the world class Cigar Lake and McArthur River Uranium Deposits which together host over 550M pounds of uranium. Uranium mineralization in the Eastern Athabasca Basin occurs in three deposit types: 1) unconformity-hosted uranium which occur at the contact between the overlying Athabasca Basin and the crystalline basement rocks; 2) basement-hosted uranium which occur within the basement rocks; 3) sandstone-hosted uranium which occur perched in the Athabasca sandstone. The projects have the potential to host all three uranium deposit types.

Given that uranium mineralization is structurally controlled, the company will be utilizing the recently completed magnetic and electromagnetic survey data to identify structural areas for advanced exploration.