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IsoEnergy Grants Options

Share Capital & Compensation

IsoEnergy Grants Options

Saskatoon, SK, July 17, 2023 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) announces

that it has granted, subject to regulatory approval, 1,317,500 incentive stock options to certain directors, officers,

employees and consultants of the Company (the “Options”). The Options were granted on July 17, 2023 (the “Grant

Date”), have a term of five years, vest in three annual installments commencing on the Grant Date, and are

exercisable at a price of $2.61 per common share of the Company.

About IsoEnergy

IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects

in the infrastructure-rich eastern Athabasca Basin in Saskatchewan, Canada. In 2018, the Company discovered the

high-grade Hurricane Deposit on its 100% owned Larocque East property in the e astern Athabasca Basin. The

Hurricane Deposit has Indicated Mineral Resources of 48.61 Million lb U 3O8 based on 63,800 tonnes grading 34.5%

U3O8 and Inferred Mineral Resources of 2.66 Million lb U3O8 based on 54,300 tonnes grading 2.2% U3O8 (July 8, 2022).

The Hurricane Deposit is 100% owned by IsoEnergy and is unencumbered from any royalties. IsoEnergy is led by a

Board and Management team with a track record of success in uranium exploration, development, and operations.

The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.

Qualified Person Statement

All scientific and technical information in this press release has been reviewed and approved by Dr . Darryl Clark,

P.Geo., IsoEnergy’s Vice -President, Exploration. D r. Clark is a qualified person for the purposes of National

Instrument 43 -101 – Standards o f Disclosure for Mineral Projects. For additional information regarding the

Company’s Larocque East property, please see the Technical Report titled “Technical Report on the Larocque East

Project, Northern Saskatchewan, Canada” dated August 4, 2022, available on the Company’s profile

at www.sedar.com.

Tim Gabruch

Chief Executive Officer

IsoEnergy Ltd.

+1 306-261-6284

[email protected]

www.isoenergy.ca

Investor Relations

Kin Communications

+1 604 684 6730

[email protected]

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall

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

securities referenced herein have not been, nor will they be, registered under the United States Securities Act of

1933, as amended (the “U.S. Securities Act”), and such securities may not be offered or sold within the United States

absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements

thereunder.