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UraniumX Discovery Corp. Announces LOI to Enter into Option Agreement with Pond Technologies Holdings Inc. Regarding the Zoo Bay Uranium Project

VANCOUVER, BC / ACCESS Newswire / April 27, 2026 / UraniumX Discovery Corp. (CSE:STMN) (“UraniumX” or the “Company”) a uranium-focused discovery company with projects in the Athabasca Basin is pleased to announce that it has entered into a letter of intent (the “LOI”) dated April 27, 2026 with Pond Technologies Holdings Inc. (“Pond”) pursuant to which the parties intend to enter into an option agreement regarding the Company’s Zoo Bay Uranium Project. The LOI will form the basis under which Pond will engage in a “change of business” and “RTO” in connection with the TSX Venture Exchange (the “TSXV”) policies.

Pursuant to the LOI, UraniumX (through its wholly-owned subsidiary 1477571 B.C. Ltd.) has agreed to grant Pond the exclusive right and option to acquire a 100% interest in the Zoo Bay Uranium Project, located in Saskatchewan’s Athabasca Basin, subject to the negotiation and execution of a definitive option agreement. Under the terms of the LOI, Pond may earn its interest by issuing an aggregate of 16,000,000 common shares of Pond, making aggregate cash payments of $350,000 over a three-year period, and incurring an aggregate of $4,500,000 in exploration expenditures on the project. The parties intend that the definitive agreement will set out the final terms and conditions upon which Pond may earn its interest in the project.

“We are pleased to announce this LOI with Pond regarding the Zoo Bay Uranium Project,” said Kirby Renton, COO of UraniumX Discovery Corp. “This proposed transaction is a component of our project generation model, designed to advance and unlock value across our Athabasca Basin portfolio. We look forward to working toward a definitive agreement with Pond.”

The Zoo Bay Uranium Project consists of 15 claims totaling approximately 19,850 hectares and is positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighbouring claims. UraniumX believes the proposed option arrangement provides a path to advance the project while maintaining focus on its broader exploration strategy in the Athabasca Basin.

The LOI contemplates the negotiation of a definitive option agreement incorporating the final commercial terms agreed between the parties, including the share issuance, cash payment and exploration expenditure obligations comprising Pond’s proposed earn-in. UraniumX will provide further updates regarding the proposed transaction as material developments occur and in accordance with applicable securities laws. Completion of the transaction contemplated by the LOI remains subject to the negotiation and execution of a definitive option agreement, approval of the TSXV, approval at a meeting of Pond shareholders, and such other regulatory approvals as may be required, in addition to the satisfaction of customary closing conditions. There can be no assurance that the parties will enter into the definitive option agreement or that the transaction contemplated by the LOI will be completed as currently proposed, or at all. The parties are arms-length and no finders fees are payable in connection with the proposed transaction.

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 holds 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.

Qualified Person and Technical Information

The technical information in this news release has been reviewed and approved by Ken Wheatley, P.Geo., an independent consultant of the Company and a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Information disclosed herein relating to adjacent properties is not necessarily indicative to the potential for mineralization on the property that is the subject of the disclosure.

Contact

On Behalf of UraniumX Discovery Corp.
Kirby Renton, President and COO
UraniumX Discovery Corp.
Email: kirby@apexexploration.ca
Telephone: (604) 377-8994
Website: www.uraniumx.ca

Forward-Looking Statements

This news release contains “forward looking information” and “forward looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward looking statements”). All statements, other than statements of historical fact, included herein are forward looking statements. Forward looking statements in this release include, but are not limited to, statements regarding the proposed transaction with Pond Technologies Holdings Inc., the negotiation and execution of a definitive option agreement, the proposed earn-in terms (share issuance, cash payments, and exploration expenditures), Pond’s proposed “change of business” and “RTO” under TSXV policies, receipt of TSXV and Pond shareholder approvals, and the Company’s broader exploration strategy in the Athabasca Basin.

Forward looking statements are based on reasonable assumptions, estimates, and opinions of management as of the date hereof and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements. These factors include, but are not limited to, the risk that the parties do not enter into a definitive option agreement, that the proposed transaction is not completed on the terms contemplated or at all, that required regulatory or shareholder approvals are not obtained, fluctuations in market conditions, volatility in equity and capital markets, risks inherent in mineral exploration and development, environmental risks, reliance on key personnel, and changes in laws and regulations.

Readers are cautioned not to place undue reliance on forward looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward looking statements. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: UraniumX Discovery Corp.

Sources & Adjacent Property References

Wire-issued release: ACCESS Newswire, April 27, 2026 6:40 PM EDT.

Pond Technologies Holdings Inc.: public disclosures available on SEDAR+ (sedarplus.ca).

1477571 B.C. Ltd.: wholly-owned subsidiary of UraniumX Discovery Corp., holding entity for the Zoo Bay Uranium Project.

TSX Venture Exchange “change of business” / “RTO” policies: TSXV Corporate Finance Manual, Policies 5.2 and 5.4 (tsx.com/listings/tsxv-rules-policies).

Newnham Lake structural/magnetic features & uranium-thorium occurrences: Saskatchewan Geological Survey assessment files; references to neighbouring claims are for geological context only.