Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to confirm that it continues to raise funds under its previously announced non-brokered private placement financing (the "Financing") (see Myriad's news release dated June 12, 2024). Under the first tranche of the Financing, Myriad raised gross proceeds of $2,912,500 through the issuance of 11,650,000 units (each, a "Unit") at a price of $0.25 per Unit (see Myriad's news release dated June 25, 2024). Each Unit is comprised of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.30 per Share for twenty-four (24) months from the date of issuance.

The Company intends to raise up to an additional $2,500,000 under the Financing through the issuance of up to an additional 10,000,000 Units. Securities issued under the Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company may pay finder's fees in connection with the Financing. The Company intends to use the proceeds of the Financing for exploration of the Company's mineral properties and for general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Myriad Uranium Corp.

Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of eU3O8. Copper Mountain saw extensive drilling and development by Union Pacific, which developed a mine plan and built a leach pad for one of the deposits at Copper Mountain. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the project area has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here. A recent detailed update with Crux Investor can be viewed here. The Company's presentation can be viewed here.