Generation Uranium Inc. announce the acquisition of the Yellow Frog and Pink Toad Uranium Projects (the "Acquisitions") on the Angilak Trend in the Yathkyed Basin, Nunavut Territory, Canada. The Acquisitions are contiguous extensions to the Company's Yath Uranium Project ("Yath") to the east and west and effectively extend the land package at Yath by approximately over 45%. Following the Acquisitions, Yath now spans 123.45 km² and enlarges due north and within 3 kilometers of the district-scale uranium project under advancement by Atha Energy Corp.

Atha Energy Corp. Angilak Project has historical 2013 NI 43-101 inferred mineral resources of 2,831,000 tonnes at an average grade of 0.69% U3O8 and 0.17% molybdenum containing 43.3 million pounds of U3O8 and 10.4 million pounds of molybdenum. The Company believes that Yath remains uniquely positioned within the Yathkyed Basin, one of a few global unconformity basins with proven economic potential.

The Basin is renowned for hosting commercial grade deposits comparable in scale to the Athabasca Basin in the Canadian Shield of northern Saskatchewan and Alberta, Canada, and McArthur district in Australia.