First American Uranium Announces Settlement of Debt by Issuance of Shares

LEGAL_43913324.1

First American Uranium Announces

Settlement of Debt by Issuance of Shares

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

Vancouver, British Columbia – July 5, 2024 – First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK:

FAUMF) (the “Company”) announces, further to its news release of May 16, 2024, that the Company has

issued 500,000 common shares in the capital of the Company (the “ Shares”) at a deemed price of $0.05

per Share to an arm’s length creditor (the “ Creditor”) for settlement of a bona fide debt owing to the

Creditor in an aggregate amount of $25,000 for market making services provided to the Company by the

Creditor (the “Shares for Debt Settlement”).

All the Shares issued in connection with the Shares for Debt Settlement are subject to a statutory hold

period of four months plus a day ending on November 6, 2024 in accordance with applicable securities

legislation.

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 Am erica. Its objective is to locate and develop economic precious and

base metal properties of merit and to conduct its ex ploration programs on the Silver Lake and Red Basin

properties. The Silver Lake property is situated around Goosly Lake and appr oximately 30 km southeast

of the town of Houston, in the Omineca Mining Division, British Columbia. The Company has acquired a

60% interest in a company that indirectly holds a 100% interest in the Red Basin uranium/vanadium

mineral claims located in Catron County, New Mexico.

ON BEHALF OF THE BOARD

“Shawn Balaghi”

Shawn Balaghi, Chief Executive Officer

For further information, please contact: Telephone: (604) 773-0242

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