Closing of the third and last tranche of Private Placement of Share

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First American Uranium Announces

Closing of Final Tranche of Oversubscribed Non-Brokered Private Placement of

Shares

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

Vancouver, British Columbia – October 1, 2025 – First American Uranium Inc. (CSE: URM) (FSE: IOR)

(OTCPK: FAUMF) (the “Company”) is pleased to announce, further to its news releases of August 14, August

29 and September 19, 2025, that the Company has closed the third and final tranche of the previously

announced non-brokered private placement (the “ Offering”) of common shares in the capital of the

Company (the “ Shares”) by the issuance of 4,761,792 Shares at $0.30 per Share for gross proceeds of

$1,428,537.60 (the “Third Tranche”). The Company has raised a total of $2,403,537.70 under the Offering,

exceeding the proposed amount previously announced.

In connection with the Third Tranche, the Company paid finder’s fees to eligible finders consisting of

$69,925.63 in cash and 233,085 common share purchase warrants (the “ Finder’s Warrants”). Each

Finder’s Warrant is exercisable to acquire one Share at an exercise price of $0.30 per Share for a period

of 24 months from the date of issuance.

All securities issued in connection with the First Tr anche are subject to a statutory hold period of four

months plus a day ending on Febr uary 2, 2026, in accordance with applic able securities legislation and

policies of the Canadian Securities Exchange (“CSE”).

The Company intends to use the net proceeds from the Offering to fund exploration work programs,

mineral property acquisitions, marketing and for general working capital purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the

United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation

or sale would be unlawful. The securities being offe red have not been, nor will they be, registered under

the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States

absent registration or an applicable exemption from the registration requirements of the 1933 Act, as

amended, and applicable state securities laws.

About First American Uranium Inc.

First American Uranium Inc. is engaged in the business of mineral exploration and the acquisition of

mineral property assets in North America. Its object ive is to locate and develop economic precious and

base metal properties of merit and to conduct its ex ploration programs on the Silver Lake property. The

Silver Lake property is situated around Goosly La ke and approximately 30 km southeast of the town of

Houston, in the Omineca Mining Division, British Columbia.

ON BEHALF OF THE BOARD

“Murray Nye”

Murray Nye, Chief Executive Officer

For further information, please contact: Telephone: (604) 961-0296

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The CSE does not accept responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks

and uncertainties, many of which are beyond the control of the Company. Forward-looking statements

may include but are not limited to, statements relating to the completion of the Offering on the terms

described herein or at all, and the use of proceeds and available funds following the completion of the

Offering and are subject to all of the risks and uncertainties normally incident to such events. Investors

are cautioned that any such statements are not guar antees of future events and that actual events or

developments may differ materially from those projected in the forward-looking statements. Such

forward-looking statements represent management' s best judgment based on information currently

available. No securities regulatory authority has eith er approved or disapproved of the contents of this

news release. The Company undertakes no obligation to update publicly or otherwise revise any forward-

looking statements, except as may be required by law.