Greenridge Arranges $3.0 Million Private Placement With International Energy Partner To Accelerate Project Exploration

CSE: GXP | OTC: GXPLF | FRA: HW3

Greenridge Arranges $3.0 Million Private Placement With International

Energy Partner To Accelerate Project Exploration

July 20, 2026

Vancouver, B.C. – Greenridge Exploration Inc. ("Greenridge" or the "Company") (CSE: GXP |

OTC: GXPLF | FRA: HW3), has arranged a non-brokered private placement (the “Offering”) with

a leading conglomerate from a Southeast Asian nation (the “ Corporate Investor”). The

Corporate

Investor is a well-established entity with extensive interests and expertise in the global energy

sector and will acquire approximately a 17.17% non-diluted ownership in the Company, based on

the current share structure, through an initial investment of $3.0 million (CDN) for 13,111,888 units

at $0.2288 per unit (each, a “Unit”).

As part of the Offering, the Company and the Corporate Investor anticipate entering into a sale

and purchase agreement (the “Agreement”) pursuant to a standard investment license

application in the area of origin of the Corporate Investor. The Agreement is expected to provide

the Corporate Investor with the right to participate in future financings of the Company on a

pro rata basis, as well as certain board observer rights, contingent on the Corporate Investor

maintaining ownership of at least 5% of the outstanding shares of the Company.

“We're pleased to welcome this global energy partner as a strategic investor in Greenridge," said

Russell Starr, Chief Executive Officer of Greenridge Exploration Inc. "This $3.0 million private

placement reflects the confidence that this leading South Asian conglomerate has placed in

our team and our portfolio of mineral projects. The proceeds are expected to accelerate our

exploration programs, and we look forward to advancing our projects as we work toward our

next milestones.”

Each Unit of the Offering to the Corporate Investor will be comprised of one (1) common share

in the capital of the Company (a “Share”) and one-half (1/2) of one (1) Share purchase warrant (a

“Warrant“). Each full Warrant will entitle the Corporate Investor to acquire one additional Share

at a price of $0.34 for thirty-six (36) months from closing of the Offering.

The Company intends to use the net proceeds of the Offering for working capital and general

corporate purposes. Closing of the Offering is subject to a number of conditions, including

receipt of all necessary corporate, regulatory approvals and shareholder approvals (as

applicable), including the Canadian Securities Exchange (the “CSE”).

There are no finder’s fees payable with respect to this Offering.

The securities described herein 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 state securities laws,

and accordingly, may not be offered or sold within the United States except in compliance with

the registration requirements of the U.S. Securities Act and applicable state securities

requirements or pursuant to exemptions therefrom. This press release is not an offer or a

solicitation of an offer of securities for sale in the United States, nor will there be any sale of the

securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CSE: GXP | OTC: GXPLF | FRA: HW3

About Greenridge Exploration Inc.

Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration

company dedicated to creating shareholder value through the acquisition, exploration, and

development of critical mineral projects in Canada. The Company owns or has interests in 22

projects and additional claims covering approximately 242,239 hectares with considerable

exposure to potential uranium, gold and nickel discoveries. The Company is led by an

experienced management team and board of directors with significant expertise in capital

raising and advancing mining projects.

Greenridge has one of the largest uranium property portfolios in Canada consisting of 13

projects and additional prospective claims covering approximately 167,573 hectares. The

Company has opportunities to realize value in a further 9 strategic metals projects which

include, gold, and nickel, copper and cobalt exploration properties totalling approximately

74,666 hectares. Project highlights include:

• The Black Lake Uranium Project, located in the NE Athabasca Basin, (40% Greenridge,

50.43% Uranium Energy Corp., 8.57% Orano Canada) saw a 2004 discovery hole (BL-18)

return 0.69% U3O8 over 4.4m.1

• The Hook-Carter Uranium Project (25% Greenridge, 75% Denison Mines Corp.) is

strategically located in the southwest Margin of the Athabasca Basin, sitting ~13km from

NexGen Energy Ltd.’s Arrow deposit and ~20 km from Paladin Energy’s Triple R deposit.

• The Gibbons Creek Uranium Project hosts high-grade uraniferous boulders located in

2013, with grades of up to 4.28% U3O8 2, and the McKenzie Lake project saw a 2023

prospecting program return three samples which included 844 ppm U-total (0.101%

U3O8), 273 ppm U-total, and 259 ppm U-total.3

• The Nut Lake Uranium Project located in the Thelon Basin includes historical drilling

which intersected up to 9 ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8 ft depth.4

In 2024, Greenridge’s prospecting program located a float sample that returned 31.13%

U3O8, sourced from the Tundra Showing.5

• The Firebird Nickel Project has seen two drill programs (7 holes totaling 1,339 m), where

hole FN20-002 intersected 23.8 m of 0.36% Ni and 0.09% Cu, including 10.6 m of 0.55% Ni

and 0.14% Cu.6

The Company has strategic partnerships, which include uranium exploration properties being

operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company’s

management team, board of directors, and technical team bring significant expertise in capital

raising and advancing mining projects and is poised to attract new investors and raise future

capital.

References:

1 - Black Lake: UEX Corporation News Release dated October 12, 2004.

2 – Gibbons Creek: Lakeland Resources Inc. News Release dated January 8, 2014.

3 – McKenzie Lake: ALX Resources Corp. New Release dated November 7, 2023.

4 – Nut Lake: 1979 Assessment Report (number 81075) by Pan Ocean Oil Ltd.

CSE: GXP | OTC: GXPLF | FRA: HW3

5 – Nut Lake: Greenridge Exploration Inc. News Release dated February 19, 2024.

6 – Firebird Nickel: ALX Resources Corp. New Release dated April 15, 2020.

On Behalf of the Board of Directors of Greenridge

Russell Starr

Chief Executive Officer, Director

Telephone: +1 (778) 897-3388

Email: [email protected]

Disclaimer for Forward-Looking Information

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws.

When used in this news release, the words “anticipate”, “believe”, “estimate”, expect”, “target”, “plan”, “forecast”, “may”,

“would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity,

enhanced value and capital markets profile of Greenridge, future growth potential for Greenridge and its business, and

future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and

opinions, which are based on management’s experience and perception of trends, current conditions and expected

developments, and other factors that management believes are relevant and reasonable in the circumstances, but

which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium,

nickel, copper, gold, cobalt and other metals; costs of exploration and development; the estimated costs of development

of exploration projects; Greenridge's ability to operate in a safe and effective manner and its ability to obtain financing

on reasonable terms.

This news release contains “forward-looking information” within the meaning of the Canadian securities laws.

Statements, other than statements of historical fact, may constitute forward looking information and include, without

limitation, statements with respect to the Offering and the intended use of proceeds therefrom; the Company’s

objectives, goals or future plans; the commencement of exploration programs in the future; entry into the Agreement;

and completion of the Offering. With respect to the forward-looking information contained in this news release, the

Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering,

financial and economic advice that the Company has receiv ed is reliable and are based upon practices and

methodologies which are consistent with industry standards. While the Company considers these assumptions to be

reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there

are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to

be materially different from any future results, performance or achievements expressed or implied by the forward -

looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and

currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of

uranium, nickel, copper, gold, and other metal deposits; uncertainty of estimates of capital and operating costs, recovery

rates, production estimates and estimated economic return; the need for cooperation of government agencies in the

exploration and development of properties and the issuance o f required permits; the need to obtain additional

financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of

delay in exploration or development programs or in construction projects and uncertai nty of meeting anticipated

program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs

and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting

the metals industry and increased competition in the metals industry for properties, qualified personnel, and

management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the

Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce

the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or

developments, except as required by law.

The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.