IsoEnergy & Kineepik Agreement Formalizes Engagement as Saskatchewan Uranium Exploration Advances

• IsoEnergy signed an Exploration Agreement with Kineepik Métis Local, establishing a framework for ongoing engagement, information sharing, and collaboration as exploration advances in Saskatchewan.
• The agreement provides business, employment and training opportunities for Kineepik community members and businesses participating in exploration activities.
• IsoEnergy identifies approximately 8,000 meters across 20 holes targeting resource-expansion potential along the Hurricane South Trend at Larocque East.
• The July 8, 2022 Larocque East mineral resource estimate (MRE) contains 48.6 million pounds of uranium oxide at 34.5% in the indicated category and 2.7 million pounds at 2.2% in the inferred category.
• The Kineepik agreement establishes the engagement and participation framework around exploration, while the Larocque East drill program separately targets resource-expansion potential along the South Trend.

Kineepik Agreement Formalizes Exploration Engagement

IsoEnergy Ltd. (NYSE American: ISOU | Toronto Stock Exchange: ISO) signed an Exploration Agreement with Kineepik Métis Local on August 24, 2026. Kineepik represents Métis rights holders within the Kineepik Use and Occupancy Area, including members and residents of Pinehouse, Saskatchewan. The agreement establishes a framework for ongoing engagement, information sharing, and collaboration as IsoEnergy advances exploration in the area.

The agreement provides Kineepik community members and businesses with opportunities to participate in exploration through business, employment and training. This creates a defined mechanism for participation alongside physical exploration activity. Kineepik's existing community-business structure also demonstrates how local business activity can translate into community investment: IsoEnergy states that profits from community-owned businesses have been reinvested in energy-efficient housing, youth infrastructure, including the community hockey arena and a 12-unit Elders' housing facility.

8,000-Meter Larocque East Program Provides the Geological Context

The agreement comes while IsoEnergy advances exploration at Larocque East in Canada's Athabasca Basin. The company identifies approximately 8,000 meters across 20 holes targeting resource-expansion potential along the Hurricane South Trend, making the drill program the principal disclosed near-term source of new geological information at the project.

The July 8, 2022 Larocque East mineral resource estimate (MRE) contains 48.6 million pounds of uranium oxide at 34.5% in the indicated category and 2.7 million pounds at 2.2% in the inferred category. IsoEnergy also places Hurricane at a relatively shallow depth of approximately 325 meters with no water cover at the surface.

IsoEnergy identifies roads and power near Hurricane and places the deposit approximately 40 kilometers from the McClean Lake mill. The approximately 8,000-meter program is targeting resource-expansion potential rather than demonstrated additions to the existing mineral resource. Beyond Larocque East, IsoEnergy categorizes Saskatchewan as a potential development and exploration jurisdiction within its portfolio, listing Larocque East alongside 14+ exploration projects.

Agreement Changes the Framework, Not the Resource

The Kineepik agreement establishes how engagement, information sharing, and participation occur while exploration advances within the applicable area. It does not constitute a new uranium discovery, an increase in mineral resources, regulatory approval, or a development decision. The geological outcome remains dependent on exploration results, while the agreement establishes a formal structure for engagement around that activity.

This creates two distinct workstreams for investors to separate. The approximately 8,000-meter Larocque East program can generate geological information relevant to future mineral resource evaluation, while the Kineepik agreement governs engagement and participation as exploration proceeds. The agreement therefore changes the framework surrounding exploration rather than the geological baseline against which exploration success will be measured.

What Comes Next

IsoEnergy is targeting approximately 8,000 meters across 20 holes at Larocque East to test resource-expansion potential along the Hurricane South Trend. Results from that program will determine whether further mineral resource evaluation is warranted, while the July 8, 2022 estimate remains the disclosed mineral resource baseline.

Alongside drilling, the Kineepik Exploration Agreement provides the framework for continued engagement, information sharing, and collaboration, with business, employment, and training opportunities providing the mechanism for community participation. The next measurable geological development remains the Larocque East drill program, while implementation of the Kineepik agreement provides the parallel engagement framework as Saskatchewan exploration proceeds.

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