Traction Uranium launches non-brokered flow-through placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “ Company ” or “ Traction ”) is pleased to announce a non-brokered private placement of units of the Company (each, a “ Unit ”) at a price of C$0.95 per Unit for aggregate gross proceeds of up to C$750,000 (the “ Offering ”).

Each Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “ Tax Act ”) (each, an “ FT Share ”) and one-half of one transferable common share purchase warrant of the Company (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder to acquire one non-flow-through common share of the Company (each, a “ Warrant Share ”) at an exercise price of C$1.05 per Warrant Share for a period of 24 months from the date of issuance.

The gross proceeds from the issuance of the FT Shares will be used to incur eligible “Canadian exploration expenses” that are intended to qualify as “flow-through mining expenditures”, as those terms are defined in the Tax Act, on the Company’s mineral properties, including the Company’s Aurora Project. The Company intends to renounce those expenses to the initial purchasers of the FT Shares with an effective date no later than December 31, 2026, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares.

The Offering is expected to close on or about August 31, 2026. Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the applicable date of issuance.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable U.S. state securities laws or an available exemption from those registration requirements.

About Traction Uranium Corp.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca Region.

We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com/ .

On Behalf of The Board of Directors

Jared Suchan CEO and Director (604) 425-2271 info@tractionuranium.com

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and is based on the Company’s current expectations, estimates, forecasts and assumptions. Forward-looking information is generally identified by words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “may”, “will”, “could”, “would” and similar expressions, or statements that certain actions, events or results will, may, could or would occur or be achieved.