UraniumX Discovery Corp. Announces Non-Brokered Life Offering

UraniumX Discovery Corp. has announced a non-brokered private placement offering of up to 7,500,000 units at $0.20 each, aiming to raise up to $1,500,000. Each unit includes one common share and a warrant to purchase an additional share at $0.30 for 36 months. Proceeds will support general working capital and exploration activities on its properties. The offering is available to Canadian residents (excluding Quebec) and is subject to regulatory approvals, with closing expected by February 13, 2026.

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA – January 22, 2026 –TheNewswire - UraniumX
Discovery Corp. ("UraniumX" or the"Company") is pleased to announce a non-brokered privateplacement of up to 7,500,000 units of the Company (each, a“Unit”) at a price of $0.20 per Unit for gross proceeds of up to$1,500,000 (the “Offering”). Each Unit will consist of onecommon share of the Company (a “Unit Share” andeach common share of the Company, a “Common Share”) tobe issued pursuant to Part 5A (the “Listed Issuer FinancingExemption”) of National Instrument 45-106 –ProspectusExemptions (“NI 45-106”), andone Common Share purchase warrant (a “Warrant”) of theCompany to be issued under the Listed Issuer Financing Exemption. EachWarrant will entitle the holder thereof to acquire one Common Share (a“Warrant Share”) at a price per Warrant Share of $0.30 for a period of 36months from the date of issuance. The Warrants will be exercisable 60days following the closing date of the Offering.

The Company intends to use the net proceeds raised fromthe Offering for general working capital and corporate purposes,including transaction costs; and amounts allocated from time to timefor future exploration and development activities on its Murphy LakeProperty, Zoo Bay Property and Neocore Property.

Subject to compliance with applicable regulatoryrequirements and in accordance with NI 45-106 and the policies of theCanadian Securities Exchange (the “CSE”), the Unitsissuable under the Offering will be offered for sale to purchasersresident in Canada, other than Quebec, pursuant to the Listed IssuerFinancing Exemption and will not be subject to resale restrictions inaccordance with applicable Canadian securities laws.

The offering document dated January 22 ,2026, relatedto the Offering, can be accessed under the Company’s profile atwww.sedarplus.com and the Company’s website at www.uraniumx.com.Prospective investors should read the offering document before makingan investment decision.

The closing of the Offering will take place on orbefore February 13, 2026. Closing of the Offering is subject tocertain conditions including, but not limited to, receipt of allnecessary regulatory and exchange approvals.

The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended (the“U.S. SecuritiesAct”), or any U.S. state securities laws, andmay not be offered or sold in the “United States” (as such term isdefined in Regulation S under the U.S. Securities Act) unlessregistered under the U.S. Securities Act and applicable U.S. statesecurities laws or an exemption from such registration is available.This news release shall not constitute an offer to sell or thesolicitation of an offer to buy nor shall there be any sale of thesecurities in any jurisdiction in which such offer, solicitation orsale would be unlawful.

Finder’s fees may be payable in connection with theOffering to eligible finders in accordance with the policies of theCSE.

About UraniumX

UraniumX Discovery Corp. is a Canadian-based junior
mineral exploration company, singularly focused on advancing uranium
discovery in Canada's Saskatchewan Athabasca Basin. Its core
assets sit on the eastern margin of the Athabasca Basin, a premier
global district known for hosting 10 of the world's top 15
highest-grade uranium deposits.

Murphy Lake Uranium Property is the Company's flagship, where UraniumX is earning up
to 70% through
an option with F4 Uranium. Adjacent to the world-class Wollaston Domain, the property benefits from conductors, strong
alteration, and proven 2022 drilling that intercepted anomalous
radioactivity near the Basin's unconformity.

The Company also owns 100% of the Zoo Bay Uranium
Project (15 claims; 19,850 ha), positioned near structural and
magnetic features historically linked to uranium-thorium occurrences
and conductivity corridors near Newnham Lake and neighbouring
claims.

UraniumX further holds a 100% interest in the NeoCore
Uranium Property (6 claims; 13,012 ha), located 65 km southeast of
McArthur River Mine, within a stable, high-grade mining district
supported by mills, power, all-season roads, and established
exploration infrastructure.

Exploration programs incorporate geophysics, drilling,
and a research collaboration with University of Saskatchewan
leveraging quartz-degradation analytics to sharpen target selection.

On Behalf of UraniumX Discovery Corp.

Esen Boldkhuu, CEO

Contact:

UraniumX Discovery Corp.

Esen Boldkhuu, CEO

Email: info@uraniumx.ca

Telephone: (604) 377-8994

Website: www.uraniumx.ca

Forward-looking statements.

This news release contains “forward-lookinginformation” and “forward-looking statements” within the meaningof applicable Canadian securities laws (collectively,“forward-looking statements”). All statements, other thanstatements of historical fact, included herein are forward-lookingstatements. Forward-looking statements in this release include, butare not limited to, statements regarding the terms, timing, andcompletion of the Offering, the anticipated use of proceeds, receiptof regulatory and stock exchange approvals, and the Company’s futureplans, objectives, and exploration activities. Forward-lookingstatements are based on the reasonable assumptions, estimates, andopinions of management as of the date such statements are made and aresubject to known and unknown risks, uncertainties, and other factorsthat may cause actual results, performance, or achievements to differmaterially from those expressed or implied by such forward-lookingstatements. These factors include, but are not limited to, risksrelated to the Company’s ability to complete the Offering on theterms described herein or at all, the receipt of necessary regulatoryand exchange approvals, fluctuations in market conditions, volatilityin equity and capital markets, the speculative nature of mineralexploration and development, environmental risks, reliance on keypersonnel, and changes in laws and regulations. There can be noassurance that such forward-looking statements will prove to beaccurate, as actual results and future events may differ materiallyfrom those anticipated. Accordingly, readers are cautioned not toplace undue reliance on these forward-looking statements. Except asrequired by applicable securities laws, the Company undertakes noobligation to update or revise any forward-looking statementscontained herein to reflect events or circumstances after the datehereof.

Readers are cautioned not to place undue reliance onforward-looking statements. The Company does not undertake anyobligation to update or revise any forward-looking informationcontained herein, except as required by applicable securities laws.

The CSE has neither approved nor disapproved thecontents of this news release. Neither the CSE nor its regulationservices provider accepts responsibility for the adequacy or accuracyof this release.