Gamma Resources increases private placement to $1,500,000

Gamma Resources Announces Increase in Private Placement to $1,500,000

VANCOUVER, BC / ACCESS Newswire / August 27, 2026 / Gamma Resources Ltd (TSX-V:GAMA)(OTCPK:GAMXF)(Frankfurt:MRDO) ("Gamma" or the "Company") is pleased to announce that the non-brokered private placement (the "Private Placement") announced July 31, 2026, for gross proceeds of up to $880,000 has been increased to gross proceeds of up to $1,500,000.

The Private Placement will consist of up to 18,750,000 units (each a "Unit") at a purchase price of $0.08 per Unit for gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.12 for a period of 36 months following the closing of the Private Placement (the "Closing Date"). The Company anticipates closing a first tranche of the Private Placement shortly. The completion of the first tranche and the subsequent second tranche of the Private Placement are subject to the acceptance of the TSX Venture Exchange.

All securities issued in connection with the Private Placement will be subject to a four-month plus one-day hold period from the Closing Date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange. The securities issued in connection with the Private Placement have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.

About Gamma Resources Ltd.

Gamma Resources Ltd. (TSX-V:GAMA)(OTCQB:GAMXF)(FRA:MRDO) is a U.S.-focused uranium exploration and development company advancing high-quality assets in the Mountain West region of the United States. The Company's portfolio includes the Green River Project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc Project in New Mexico, a strategic land position now totaling 4,520 acres that includes historic uranium resources in the Chama Basin. Management believes the Company is well-positioned to benefit from the policy and market tailwinds reshaping the U.S. nuclear landscape and to help meet growing demand with responsibly sourced, U.S.-based uranium supply.

Gamma trades on the TSX Venture Exchange (TSX-V:GAMA), in the United States on the OTCQB (OTCQB:GAMXF), and in Germany on the Frankfurt Stock Exchange (FRA:MRDO).

Note Regarding Historical Estimates

The historic uranium resources referred to in this news release are historical estimates. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves, the Company is not treating them as current mineral resources or mineral reserves, and they should not be relied upon as such.

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