Generation Uranium Defines Multiple High-Impact Drill Targets At Yath Project, Leveraging Proven Discovery Model In One of Canada's Hottest Uranium Districts
(TheNewswire)
Vancouver, British Columbia – April 16, 2026 -TheNewswire – GenerationUranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (“Generation” orthe “Company”) is pleased to announce significant advancement intarget definition and exploration planning at its 100%-owned YathUranium Project in Nunavut, positioning the Company for a highlyanticipated and catalyst-rich 2026 drill program.
Following an extensive winter technical review,Generation has significantly upgraded its exploration model throughthe integration of modern geophysics, historic datasets, andstructural analysis—placing the Company in a strong position topursue district-scale uranium discovery in 2026, pending final permitapproval.
KEY HIGHLIGHTS
Multiple high-impact drill targets defined acrossstructurally controlled uranium corridors
Direct application of a proven discovery model fromadjacent Angilak Project success
Unsurveyed high-potential zone identified—MMTexpansion planned
Advanced inversion modeling underway integratingmultiple historic geophysical datasets
Targeting structural convergence zones—a key controlin major uranium discoveries
Positioned for Generation for it first-ever drillcampaign at Yath
Leveraging Proven Discovery Models ina High-Activity Uranium District
A cornerstone of Generation’s strategy is theintegration of the Expert Geophysics MobileMT (“MMT”) survey,flown in 2024, with emerging discovery models successfully applied byneighboring operator Atha Energy at the adjacent Angilak Project,(see reference below).Atha’s recent high-grade uranium discoveries and aggressive $63million exploration program underscore the exceptional prospectivityof the district(see reference below).
Generation’s technical team has systematicallyapplied these validated exploration methodologies to the Yath Project,significantly enhancing confidence in the Company’s target pipeline.
Expanding Coverage to Unlock UntestedHigh-Potential Zones
During its review, the Company identified a key gap inthe 2024 MMT survey caused by adverse weather conditions. Generationis currently in advanced discussions with Expert Geophysics tocomplete this survey coverage in 2026, unlocking a previously untestedand highly prospective portion of the property.
In parallel, the Company is advancing sophisticatedinversion modeling using historic datasets, including:
AeroTEM (2008) TDEM
Fugro DIGHEM (2011) FDEM
Ground VLF surveys
This integrated approach is expected to significantlyrefine and enhance drill targeting across the project.
Multiple High-Impact Drill TargetsIdentified
Generation has identified several compelling drilltarget areas across the Yath Project, including:
VGR Trend–Priority target with planned seismic survey
BOG Zone–Located along a northeast mineralized trend
Fog IM-6 Targets– Defined along east-west structural corridors
Embryo, Lucky Break, MP-25, BoulderLake– Located at the convergence of keystructural trends, representing high-priority zones for uraniumdeposition
The intersection of these structural trends is acritical control observed in major uranium systems and represents astrong focus for discovery-driven drilling.
2026: A Transformational YearAhead
With a fully integrated targeting model, expandinggeophysical coverage, and a growing inventory of high-quality targets,Generation is rapidly advancing toward its first-ever drill program atYath.
The upcoming field season is expected toinclude:
Targeted seismic surveys
Structural reinterpretation
Completion of MMT coverage
Drill testing of priority zones
CEO Michael Collins notes, “We are entering 2026 with a significantly strengthened technicalunderstanding of the Yath Project and a pipeline of highly compellingdrill targets. By integrating modern geophysics with proven discoverymodels from one of the most active uranium districts in Canada, webelieve we are well positioned to make meaningful discoveries.
Exploration success comes fromrefining the details, and the work completed to date gives us a highdegree of confidence as we move toward our first drillprogram.”
Figure 1 Yath Claims with targets,structure and historic samples and drilling
Strong District Context SupportsUpside Potential
Historic exploration has already identified uraniummineralization within the broader district, including the LAC 50 andRIB deposits located south of Yath. Recent work by neighboringoperators has further validated the significance of northeast-trendingstructures in controlling uranium mineralization.
The Company cautions thatmineralization on adjacent properties is not necessarily indicative ofmineralization on the Yath Project.
Michael Collins, President, CEO and Director, aqualified person as defined by National Instrument 43-101 (Standardsof Disclosure for Mineral Projects), has reviewed the scientificinformation that forms the basis for this news release and hasapproved the disclosure herein.
For additional information on the Yath Uranium Projectand Generation Uranium, please visit our website:generationuranium.com .
Michael Collins, P.Geo., Chief Executive Officer
+1(778) 819-7881
About Generation Uranium
Generation Uranium is a Canadian exploration companyfocused on advancing high-quality uranium assets in premierjurisdictions. Its flagship Yath Project is strategically located inNunavut’s Angilak district—one of Canada’smost active and rapidly emerging uranium camps.
With a growing portfolio of high-priority targets andexposure to proven mineralized trends, Generation is well positionedto contribute to the future global supply of clean nuclearenergy.
This news release contains certainforward-looking statements, which relate to future events or future performance and reflect management’scurrent expectations and assumptions. Such forward-looking statementsreflect management’s current beliefs and are based on assumptionsmade by and information currently availableto the Company. Readersare cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks anduncertainties that may cause future results to differmaterially from those expected including, but not limited to, market conditions,availability of financing, actualresults of the Company’s exploration andother activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.All the forward-looking statements madein this news release are qualified by these cautionary statements and those in our continuous disclosure filingsavailable on SEDAR+ at www.sedarplus.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances saveas required by applicable law.
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release. The TSX Venture Exchangehas neither approved nor disapproved of the contents of this newsrelease.
Copyright (c) 2026 TheNewswire - All rights reserved.
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