Snow Lake Reaches Agreement With Canadian Uranium To Extend Existing Option Agreement With Respect To Mound Lake Gallium Project, Ontario, Canada

Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ:LITM) ("Snow Lake"), a nuclear fuel cycle company, announces that it has reached an agreement with Canadian Uranium Corp. ("Canadian Uranium") to extend the existing option agreement (the "Agreement") with respect to the Mound Lake Gallium Project ("Mound Lake"), situated north of Thunder Bay, Ontario, Canada.

This Agreement is timely and coincides with the U.S. Administration's Proclamation "Adjusting Imports of Processed Critical Minerals and Their Derivative Products into the United States" (the "Proclamation") issued on Wednesday, January 14, 2026, with its focus on ensuring that the U.S. has sufficient domestic mining and processing of critical minerals to reduce import reliance on foreign countries.