ReeXploration intercepts extensive uranium system at Eureka, Namibia

Halifax, Nova Scotia--(Newsfile Corp. - October 6, 2026) - ReeXploration Inc. (TSXV: REE) (FSE: K2I0) ("ReeXploration" or the "Company") reports downhole gamma results that confirm repeated and widespread equivalent uranium oxide (eU₃O₈) responses within leucogranite intrusions and their contacts at the Eureka Project in central Namibia. The Eureka Project combines the uranium and rare earth exploration opportunities. Together with the drill-core geology and previously reported uranium occurrences, the results support a leucogranite-hosted uranium system and warrant targeted follow-up exploration.

The downhole gamma surveys build on the 11-hole, 1,729-metre reconnaissance drilling program ("Phase 1") reported on April 9, 2026, which tested selected leucogranite targets within a previously announced 6.5 by 3.5 kilometre regional radiometric uranium anomaly. In addition to its existing rare earth element resource and further REE exploration potential, Eureka presents two distinct uranium exploration opportunities: 1) uranium associated with leucogranite bedrock and its contacts, and 2) shallow secondary uranium in calcrete and related weathered material. The new results and historical work warrant further investigation of both target types.

Downhole Gamma Highlights from Phase 1 Drilling

SU26-08 returned 16.7 metres averaging 79.2 ppm eU₃O₈, including 1.2 metres at 218.2 ppm and 1.0 metre at 182.6 ppm, across leucogranite and mica schist.

SU26-04 returned 4.9 metres averaging 139.7 ppm eU₃O₈, including 4.3 metres at 146.3 ppm, across leucogranite and biotite schist. A separate deeper composite returned 15.2 metres at 66.1 ppm.

SU26-01 returned 1.5 metres averaging 187.3 ppm eU₃O₈, including 1.0 metre at 242.7 ppm, across a leucogranite–calc-silicate schist contact. The peak reading was 369.2 ppm eU₃O₈.

A separate shallow calcrete target warrants follow-up,