Traction Uranium Announces Grant of Restricted Share Units

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

TRACTION URANIUM ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

January 24, 2022 – Vancouver, B.C. – Traction Uranium Corp. (CSE:TRAC) (“Traction” or the “Company”)

is pleased to announce that pursuant to its restricted share unit plan, it has granted an aggregate of

3,550,000 restricted share units (“RSUs”) to certain directors, officers, and consultants of the Company.

All of the RSUs will vest on May 17, 2022. All RSUs granted will be subject to a 4 month hold period from

the date of grant in accordance with CSE Policy 6.

Certain insiders received 550,000 RSUs representing a related -party transaction under Multilateral

Instrument 61 -101 - Protection of Mi nority Security Holders in Special Transactions (“ MI 61 -101”),

however the transaction is exempt from the formal valuation and minority shareholder approval

requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor

the consideration, exceed 25% of Traction’s market capitalization.

About Traction Uranium Corp.

Traction is a mineral exploration company with an objective to locate and develop economic mineral

properties. The Company is based in Vancouver, BC and holds options over the Hearty Bay and Lazy

Edwards properti es, located in the Athabasca Basin region of Saskatchewan, and the Whitewater

property, located in the Slocan Mining Division, Kaslo, British Columbia.

For more information, investors should review the Company’s filings that are available at www.sedar.com.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press

release, and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

Michael Malana

Director and CEO

Telephone: 604 561 2687

Email: [email protected]