Cauldron Acquires Tenements Surrounding Manyingee

• Cauldron acquires 5 tenements at Yanrey, increasing footprint in Yanrey Uranium Province.
• Four tenements surround Paladin's Manyingee Deposit.
• E08/2896 lies between Manyingee and Manyingee North deposits.
• Compensation includes a market standard royalty arrangement.
• CEO Jonathan Fisher comments on strategic significance of acquisition.

Cauldron Energy Ltd has acquired 5 tenements at Yanrey, increasing its footprint in the Yanrey Uranium Province. Four of these tenements surround Paladin's Manyingee Deposit, which contains an estimated 25.9Mlbs of uranium-oxide. The acquisition includes E08/2896, which lies between Paladin's Manyingee deposit and Cauldron's Manyingee North deposit. Cauldron's geology team interprets that the mineralisation extends into E08/2896 and further into E08/1489, home to the Manyingee North Deposit. Compensation for the tenements includes a market standard royalty arrangement. Cauldron CEO Jonathan Fisher highlighted the strategic significance of the acquisition in expanding the company's position in the region.

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Cauldron plans to commence a 2026 drill program in late May/early June, with initial results expected before the end of June.