Foremost Clean Energy Grants Stock Options

VANCOUVER, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) — Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“ Foremost ” or the “Company”) is pleased to announce that it has granted a total of 68,000 stock options (the “ Options “) to certain officers, employees and consultants of the Company pursuant to the Company’s Long-Term Incentive Plan. The Options are intended to align the interests of management, employees and consultants with those of shareholders while supporting the Company’s long-term strategy.

The Options are exercisable at $1.87 subject to applicable the Canadian Securities Exchange and Nasdaq requirements and a have a term of five years. The Options vest in three equal annual installments on April 1, 2027, April 1, 2028 and April 1, 2029. All Options are subject to the terms of the Company’s Long-Term Incentive Plan and applicable securities law hold periods.

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Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a North American uranium, lithium, and gold exploration company strategically positioned to support the long-term growth in demand expected for reliable, carbon-free energy sources.

The Company holds an option from Denison Mines Corp. to earn up to a 70% interest in 10 prospective uranium properties (except for the Hatchet Lake, where Foremost can earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. The Company’s exploration efforts benefit from access to extensive historic drilling and geophysical data for targeting high-potential, mineralized trends. To date, Foremost has completed geophysical surveys and multiple drill campaigns that have generated encouraging results and defined high-priority exploration targets for follow-up drilling.

Foremost also has a portfolio of lithium-focused projects at varying stages of development spanning 43,000+ acres in Manitoba, providing exposure to other critical materials essential in electrification and energy storage.

For further information, please visit the Company’s website at www.foremostcleanenergy.com .

Company David Cates, Interim President and CEO (416) 979-1991 ext. 362 [email protected]

Follow us or contact us on social media: X: @fmstcleanenergy LinkedIn: https://www.linkedin.com/company/foremostcleanenergy Facebook: https://www.facebook.com/ForemostCleanEnergy

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.