Name Change of Nevada Exploration Inc. to URZ3 Energy Corp. Complete

URZ3 Energy Corp. (“URZ” or the “Company”) (TSX-V: URZ; OTCQB: NVDEF) announces the completion of the Company’s name change from Nevada Exploration Inc. to URZ3 Energy Corp. The Company’s securities now trade under the symbol “URZ” on the TSX Venture Exchange (TSX-V). URZ3 Energy Corp. currently holds a 35,467-hectare uranium property in the Athabasca Basin in Saskatchewan. Over the coming weeks, the Company will focus on acquiring additional uranium properties in North America.

The core gold assets in Nevada and the proprietary groundwater exploration methodology hold significant value and will be retained for future considerations.

About our Name and Symbol

In late 2005 Uranerz Energy Corporation was founded, engaging Glenn Catchpole and a team of uranium sector professionals, including Dr. Kirchner as a Director, to build an American-based uranium production company. In 2006 the shares of Uranerz Energy were listed on the NYSE American under the symbol “URZ”. Uranerz successfully explored, permitted, built, and operated its Nichols Ranch ISR uranium project in Wyoming. Uranerz Energy Corporation was acquired by Energy Fuels in 2015 in a $350 million business combination, creating one of the largest producers of uranium in the United States.

In 2017 Mr. Catchpole, along with two other former Uranerz executives, Sandra MacKay and Ben Leboe, joined a new uranium company start-up led by mining executive Todd Hilditch. This company took the name “URZ Energy”. The initial public offering was completed, and trading commenced on the TSX Venture Exchange in July, 2017 again under the symbol “URZ”.

In July, 2018 URZ Energy was acquired by Azarga Uranium in an all-share transaction, to form a new US-focused in-situ recovery uranium development company. URZ Energy’s asset base and management expertise combined with the team and assets at Azarga Uranium bolstered the growth pipeline and positioned Azarga to continue to advance the development of the Dewey Burdock project in South Dakota.

On December 31, 2021 enCore Energy Corp. acquired all of the shares of Azarga Uranium. This was effectively the second time that URZ Energy was acquired, with each successive acquisition completed at a significant premium. enCore Energy is now listed on NASDAQ.

URZ3 Energy Corp. is the third time that the symbol “URZ”, has been used by this same group to work towards the successful building of a uranium company.

About our People

URZ3 Energy is “bringing the band back together again”. Todd Hilditch, Ben Leboe, and Sandra MacKay, all previous executives of Uranerz Energy and/or URZ Energy are Directors of URZ3 Energy. The Advisory Board of URZ3 is comprised of uranium professionals from Uranerz Energy; Dr. Gerhard Kirchner, Glenn Catchpole, Arnold Dyck, and Paul Saxton. For a detailed bio on each of the members of the advisory board see news release dated May 28,2024.

“The re-assembling of this team of uranium sector-professionals did not happen by chance. This is a very well-thought-out plan to expand the company into the uranium sector while maintaining the company’s core gold assets. I believe with this proven team and the strong uranium knowledge base it brings to the company, URZ3 Energy is positioned to again become a leading force in the uranium industry,” stated Mark Kolebaba, President and CEO of URZ.

Stay Connected

For more information, please contact URZ3 Investor Relations at 1-604-307-6450 or via email at [e-mail]. Stay up-to-date on URZ3 developments by joining our online communities through our Website , Email , LinkedIn , X, Facebook, and YouTube.

For further information, please contact:

URZ3 Energy Corp.Mark Kolebaba, President and CEOTelephone: [phone]Email: [e-mail]: www.nevadaexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.