First American Uranium Announces Shares for Debt

LEGAL_43906869.1

First American Uranium Announces

Shares for Debt

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

Vancouver, British Columbia – August 8, 2025 – First American Uranium Inc. (CSE: URM) (FSE: IOR)

(OTCPK: FAUMF) (the “Company”) announces that, it will enter into a debt settlement agreement for the

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

$0.205 per Share to creditors (the “ Creditors”) for settlement of debts owing to the Creditor in an

aggregate amount of $410,000 for consulting, legal and administrative services provided to the Company

by the Creditors (the “Shares for Debt Settlement”), which includes $73,500 to a Director and Officer.

All the Shares issued in connection with the Shares for Debt Settlement 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 Shares for Debt Settlement is subjec t to a number of conditions, including receipt of all

necessary corporate and regulatory approvals, including 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 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 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

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

This press 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 trading of the Company's common shares

on the CSE 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 proj ected 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.