Global Uranium Corp. announced that it has entered into an asset purchase agreement with Foster Wilson (Vendor) dated June 14, 2024 (Effective Date) pursuant to which the Company has been granted the right to acquire a 100% interest in certain Federal unpatented lode mineral claims and Wyoming State mineral leases (the ?Properties?) located in Wyoming, USA. Under the terms of the Purchase Agreement, at closing of the Purchase Agreement, which is expected on or about August 15, 2024, the Company is expected to acquire a 100% interest in the Properties in exchange for the following consideration: $70,000 in cash; and the issuance to the Vendor of 400,000 common shares in the authorized share structure of the Company (Consideration Shares) subject to the following voluntary resale restriction: one-half of the Consideration Shares being released on the date which is four months following the Effective Date, and the remaining Consideration Shares being released on the date which is eight months following the Effective Date.

The Consideration Shares issuable at closing of the Purchase Agreement will be subject to a resale restriction of four months and one day in accordance with applicable securities law as well as the above noted Voluntary Resale Restriction. The Properties are comprised of 122 unpatented lode mineral claims totaling 2,440 acres and 5 Wyoming State Leases for an additional 2,600 acres for a total of 5,040 acres. Of the 5,040 acre land package, 2,360 acres are within the Gas Hills Uranium District.

The Gas Hills Uranium District is Wyoming's leading uranium mining area, with past production exceeding 100 million pounds of U3O8. Current estimates indicate that the Gas Hills Uranium District still holds over 50 million pounds of recoverable uranium concentrate, classified as either reserves or indicated/inferred resources, according to various resource evaluation methods. Uranium deposits nearby include enCore Energy Corp?s West Unit, Central Unit, South Black Mountain, and Jeep uranium deposits.

The Company also now controls 1,880 acres in the Great Divide Basin Uranium District. Within the District is Ur-Energy Inc?s (URE) producing Lost Creek ISR uranium processing plant and the 18,000,000 pound U3O8 Lost Creek deposit. Other deposits in the vicinity include Premier American Uranium Corp?s Cyclone deposit, Ur-Energy Corp?s Lost Soldier deposit and Uranium Energy Corp?s Jab, Antelope, Bison Basin and West Alkali Creek uranium deposits.

Additionally the Company now controls 800 acres in the Copper Mountain Uranium District which hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 pounds of U3O8.