First American Uranium Announces Settlement of Debt by Issuance of Shares

LEGAL_47401753.1

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 – August 20, 2025 – First American Uranium Inc. (CSE: URM) (FSE: IOR)

(OTCPK: FAUMF) (the “Company”) announces, further to its news release of August 8, 2025 , that it has

issued 2,000,000 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.205

per Share to three creditors (the “Creditors”) in settlement of debts totaling $410,000 (the “Shares for

Debt Settlement ”) for consulting, legal and administrative services provided to the Company by the

Creditors, including $73,500 owed to a Director and Officer of the Company.

All Shares issued under the Shares for Debt Settlement are subject to a statutory hold period of four

months plus a day ending on December 16, 2025, in accordance with applicable securities legislation and

the policies of the Canadian Securities Exchange.

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 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 property. The

Silver Lake property is situated around Goosly Lake 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

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