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ISO.TO ·

IsoEnergy Ltd. announces Private Placements

Financings

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO

U.S. NEWSWIRE SERVICES

IsoEnergy Ltd. announces Private Placements

Vancouver, BC, April 4, 2018 – IsoEnergy Ltd. (“IsoEnergy” or the “Company ”) (TSXV: ISO; OTCQX: ISENF )

announces that, subject to regulatory approval, the Company intends to proceed with a flow through and a

non-flow through non-brokered private placement. Under the flow through private placement (the “FT Private

Placement”), the Company intends to raise up to $ 904,500 by the issuance of 1,675,000 flow through units

(the “ FT Units”) at $0. 54 per FT Unit. Under the non -flow through private placement (the “NFT Private

Placement”, together with the FT Private Placement, the “Private Placements”), the Company intends to raise

up to $1,250,000 by the issuance of 3,125,000 non-flow through units (the “Units”) at $0.40 per Unit. Each FT

Unit will consist of one flow -through common share and one -half of a sha re purchase warrant (each whole

warrant, a “Warrant”), with each Warrant entitling the holder to purchase an additional common share for a

period of three years at an exercise price of $0. 60. Each Unit will consist of one non -flow through common

share and one-half of a Warrant. With respect to the Private Placements, the Company may pay finders’ fees

in the amount of 6%, based on the sale of the FT Units and Units purchased by subscribers introduced to the

Company by such finders.

The proceeds from the FT Private Placement will be used for the continuation of exploration activities on the

Company’s projects in the Athabasca Basin, Saskatchewan. The proceeds for the NFT Private Placement will

be used both for exploration on the Company’s projects and for general corporate purposes.

All securities issued in connection with the Private Placements will be subject to a statutory hold period of four

months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the

Private Placements is subject to the approval of the TSX Venture Exchange (the “TSXV”) . The Company may

increase the size of the Private Placements by up to 15% and/or modify the mix of securities as between FT

Units and Units in its sole discretion.

It is anticipated that NexGen Energy Ltd. (“NexGen”) , the Company’s major shareholder, and certain other

insiders of the Company (together with NexGen, the “Insiders”), will participate in the NFT Private Placement.

The issuance of Units to the Insiders pursuant to the NFT Private Placement (the “Insider Participation”) will be

considered to be a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument

61-101 (“MI 61 -101”). The Company intends to rely on the exemptions from the valuation and minority

shareholder approval requirements of MI 61 -101 contained in Sections 5.5(b) and 5.7(1)(b) of MI 61 -101 in

respect of any Insider Participation.

About IsoEnergy

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

projects in the eastern Athabasca Basin in Saskatchewan, Canada, plus a historical uranium mineral resource

at the Mountain Lake property in Nunavut . IsoEnergy is led by a Board and Management team with a track

record of success in uranium exploration, development and operations. The Company was f ounded and is

supported by the team at its major shareholder NexGen Energy Ltd.

Craig Parry

President and Chief Executive Officer

IsoEnergy Ltd.

+1 778 379 3211

[email protected]

www.isoenergy.ca

Investor Relations

Kin Communications

+1 604 684 6730

[email protected]

www.isoenergy.ca

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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 wil l 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.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities

legislation and “forward looking statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995. “Forward-looking information” includes, but is not limited to, statements wi th

respect to the activities, events or developments that the Company expects or anticipates will or may occur in

the future, including, without limitation, the completion of the Private Placements, the use of proceeds of the

Private Placements and partici pation of Insiders in the NFT Private Placement . Generally, but not always,

forward-looking information and statements can be identified by the use of words such as “plans”, “expects”,

“is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the

negative connotation thereof or variations of such words and phrases or state that certain actions, events or

results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negati ve

connotation thereof.

Forward-looking information and statements also involve known and unknown risks and uncertainties and

other factors, which may cause actual events or results in future periods to differ materially from any projections

of future events or results expressed or implied by such forward- looking information or statements, including,

among others: receipt of TSXV approval of the Private Placements and the Company’s ability to find suitable

investors for the Private Placements.

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in the forward-looking information or implied by forward-looking information,

there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no

assurance that forward- looking information and statements will prove to be accurate, as actual results and

future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should

not place undue reliance on forward- looking statements or information. The Company undertakes no

obligation to update or reissue forward-looking information as a result of new information or events except as

required by applicable securities laws.