Homeland Identifies New Radiometric Surface Showing at the Cross Bones Uranium Project, Colorado

13:00 Uhr  |  Newsfile

Vancouver, June 1, 2026 - Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) ("Homeland" or the "Company") is pleased to report the completion of its detailed surface geological mapping, prospecting, radiometric surveying, and rock sampling program at the Company's 100%-owned Cross Bones Uranium Project (the "Project"), located near Rangely, Colorado (Figure 1).

The highlight of the program was the discovery of a new area of surface radioactivity approximately 4.5 km (2.8 miles) east-south-east and along strike of the Blue Flame Adit area, where the Cross Bones Uranium Deposit is observed in outcrop (see Figures 1, 2 and 3). This new surface radiometric showing was not documented in any of the previous reports or in rock sample data acquired by the Company during its two data purchases, nor does it appear in United States Geological Survey MRDS database (see https://mrdata.usgs.gov/mrds/) or in the Colorado Geological Survey's Report ON-B-40D Radioactive Mineral Occurrences of Colorado and Bibliography (see https://coloradogeologicalsurvey.org/publications/radioactive-mineral-occurrences-colorado-bibliography-data/). Note that field radiometric readings are qualitative in nature and are intended only to indicate relative levels of radioactivity.

Significant radioactivity ranging from 450 to 3,400 cps was detected in outcrop from sandstone, shale and thin coal units within the Sego Sandstone Formation, over a strike length of 500 m (1,640 ft) (see Figure 3). The Company has named this new radiometric showing the East Ridge Showing.

In addition to the discovery of the East Ridge Showing, several notable radiometric results were identified during the mapping program. In Area 1B (Figure 4), outcrops located west of the surface expression of the Cross Bones Deposit returned 4000 cps and 3000 cps using the CT007-M instrument ("CT-007"). One sample east of the outcropping expression of the Cross Bones Uranium Deposit returned 2,200 cps (CT-007) and one other sample returned 2,200 cps using a portable gamma-ray spectrometer PGIS-2 ("PGIS").

In Area 2B, one sample was collected from a carbonaceous shale outcrop that returned field radiometric readings of approximately 600 cps (CT-007). Area 2B contains the historical Urangeschellshaft Showing and is also south of Pioneer Minerals' Countryline Prospect, which contains a high-grade rock sample returning 4,257 ppm U₃O₈ located adjacent to the Cross Bones property boundary (https://clients3.weblink.com.au/pdf/PMM/03063697.pdf) (see Figure 5).

"The discovery of a previously unknown 500 m long surface radiometric anomaly along strike of a known uranium deposit in an existing uranium mining jurisdiction is definitely uncommon and extremely encouraging. In addition to the East Ridge radiometric discovery, the spring program at Cross Bones identified several areas of elevated radioactivity and has helped corroborate the historical exploration work completed by BlueRock, Ashland and Anschutz that will help with drill targeting in the immediate the Cross Bones Deposit area. This program has strengthened the Company's conviction that the Cross Bones project is a compelling exploration story." stated Roger Lemaitre, President and Chief Executive Officer of Homeland Uranium.

The mapping program commenced on April 22, 2026 and was completed on May 23, 2026. Exploration activities focused on priority target areas designated 1A and 1B (Blue Flame Area), 2A, 2B, and 3 (East Ridge), where the Company completed detailed geological mapping, prospecting, radiometric surveying, and selective rock sampling (Figures 1-5). Radiometric surveying was completed across the Project using a PGIS-2 portable gamma-ray spectrometer. The radiometric survey and mapping were generally carried out at 200 m (656 ft) line spacings with tie lines inserted depending on the length of the survey lines. Based upon these results, additional mapping and prospecting is warranted in the East Ridge Area.

Background radioactivity across the Project area is generally observed to range between approximately 25 and 80 counts per second ("cps") using the CT007-M instrument. For the PGIS survey, background radioactivity is estimated to range up to approximately 300 cps. Samples exhibiting elevated radiometric response generally above 80 cps (CT-007) were selected for laboratory analysis, resulting in 67 samples (including duplicates) that will be submitted to Paragon Geochemical Laboratories (Paragon) in Sparks, Nevada for sample preparation and multi-element analysis (Table 1).

Data collected during the mapping program is currently undergoing compilation and interpretation in combination with the Company's historical exploration dataset. Results from the program are expected to contribute to the Company's geological understanding of uranium mineralization on the property and assist in refining targets for future drill programs at the Cross Bones Deposit, the East Ridge Showing and other areas on the property.

About Homeland Uranium Corp.

Homeland Uranium is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is 100% owner of the Cross Bones and Coyote Basin uranium projects in northwestern Colorado.

Sampling and QA/QC

Rock samples were collected selectively from outcrop and mineralized exposures and are considered grab samples, which are inherently selective in nature and may not be representative of underlying mineralization. Samples were placed in sealed bags and transported under chain of custody procedures to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Certified reference materials, blanks, and duplicates will be inserted into the sample stream at regular intervals as part of the Company's quality assurance and quality control procedures. Analytical work will include Paragon's PREP-PKG sample preparation and 48-element multi-acid digestion with ICP-MS analysis. Paragon's methods are ISO 17025:2017 accredited and valid through multiple international proficiency testing programs.

Qualified Person

Roger Lemaitre, P.Eng., P.Geo., the Company's President and Chief Executive Officer, is a Qualified Person as defined in NI 43-101, and has reviewed and approved the technical content of this news release.

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 news release.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities legislation. Such forward-looking statements in this news release relate to, among other things: the Company's expectation and strategic plans in relation to the exploration of the Company's uranium mineral properties, including all phases of the exploration program at the Project.

These forward-looking statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results; timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the availability of skilled labour and no labour related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; general market and industry conditions; and those factors identified under the captions "Risks Factors" and "Risks and Uncertainties" in the Company's disclosure materials filed on SEDAR+ at www.sedarplus.ca.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Figure 1: Cross Bones Property and Mapping Areas of Priority with the newly discovered East Ridge Showing and the Historical Cross Bones Uranium Deposit Location

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Figure 2: Sample Locations and for the Cross Bones Mapping Area 3 (East Ridge Showing)

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Figure 3: Sample Locations and cps values for the Cross Bones Mapping Area 3 (East Ridge Showing)

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Figure 4: Sample Locations and cps values for the Cross Bones Mapping Area 1A and 1B (Cross Bones Uranium Deposit - Blue Flame Area).

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Figure 5: Sample Locations and cps values for the Cross Bones Mapping Areas 2A and 2B

*Source: Pioneer Minerals News Release dated March 3, 2026 available at https://clients3.weblink.com.au/pdf/PMM/03063697.pdf

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Table 1: Spring 2026 Cross Bones Mapping Program Samples returning above 80 cps (CT-007) and sent for Geochemical Analysis.

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