Myriad Uranium Corp. Announces Extension of Warrants
MYRIAD URANIUM CORP. ANNOUNCES EXTENSION OF WARRANTS
Vancouver, B.C. – May 22, 2025 – Myriad Uranium Corp. (“Myriad” or the “ Company”) (CSE: M,
OTC: OTC: MYRUF, FRA: C3Q) is pleased to announce that it is extending the expiration date of an
aggregate of 884,668 warrants (each, a “Warrant”) originally issued by the Company on June 1, 2023
pursuant to a non- brokered private placement. The Warrants are exercisable into common shares of
Company at an exercise price of $0. 35 per share and currently have an expiry date of June 1, 2025. The
Company is extending the expiry date of the Warrants by 12 months to June 1, 2026. All other terms and
conditions of the Warrants, including the exercise price, remain the same. No action is required by the
Warrant holders to give effect to the extension.
A director of the Company holds 50,000 Warrants, and the extension of his Warrants is considered to be a
“related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). This is exempt
from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market
value of the extension of his Warrants does not exceed 25% of the market capitalization of the Company,
as determined in accordance with MI 61 -101. The Company’s directors unanimously approved the
extension of such director’s Warrants. The effect of the extension of such director’s Warrants is to provide
the director with an additional year to exercise his Warrants. There were no prior valuations made in the
past 24 months in respect of the Company that relates to the subject matter of or is otherwise relevant to the
extension of such director’s Warrants. The Company did not file a material change report respecting such
extension at least 21 days before such extension, w hich is reasonable given the MI 61-101 exemptions
noted above.
About Myriad Uranium Corp.
Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper
Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits
and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of e U3O8. Copper
Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the
development of a mine plan to fuel a planned fleet of California Edison reactors. Operations ceased in 1980
before mining could commence due to fa lling uranium prices. Approximately 2,000 boreholes have been
drilled at Copper Mountain and the Project Area has significant exploration upside. Union Pacific is
estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain,
generating significant historical resource estimates which are det ailed here. The Company also recently
acquired, subject to completing a geophysical survey this year, a 100% interest in the Red Basin Uranium
Project in New Mexico, which has a near-surface historical resource (non-NI 43-101) of 0.5 Mlbs indicated
and 1.5 to 6.5 M lbs inferred at grades from 1,700 to 3,100 ppm, with significant upside potential. The
announcement can be viewed here. Our Crux Investor overview page including recent interviews can be
viewed here. The Company’s presentation can be viewed here . News releases regarding historical drilling
can be viewed here and here.
Myriad also has a 50% interest in the Millen Mountain Property in Nova Scotia, Canada, with the other
50% held by Probe Gold Inc. For further information, please refer to Myriad’s disclosure record on
SEDAR+ ( www.sedarplus.ca), contact Myriad by telephone at +1.604.418.2877, or refer to Myriad’s
website at www.myriaduranium.com.
Myriad Contacts:
Thomas Lamb
President and CEO
Forward-Looking Statements
This news release contains “forward- looking information” that is based on the Company’s current expectations,
estimates, forecasts and projections. This forward-looking information includes, among other things, the Company’s
business, plans, outlook and business strategy. The words “may”, “would”, “could”, “should”, “will”, “likely”,
“expect,” “anticipate,” “intend”, “estimate”, “plan”, “forecast”, “project” and “believe” or other similar words
and phrases are intended to identify forward- looking information. The reader is cautioned that assumptions used in
the preparation of any forward- looking information may prove to be incorrect, including with respect to the
Company’s business plans respecting the exploration and development of the Company’s mineral properties, the
proposed work program on the Company’s mineral properties and the potential and economic viability of the
Company’s mineral properties. Forward- looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward- looking information. Such factors include, but
are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative,
environmental and other judicial, regulatory, political and competitive developments; access to minerals where the
surface rights above them have not been settled; and technological or operational difficulties. This list is not
exhaustive of the factors that may affect our forward -looking information. These and other factors should be
considered carefully, and readers should not place undue reliance on such forward- looking information. The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking
information whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the contents of this news release.