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Business

Traction Uranium Advances Aurora Uranium Project to Drill Testing

Financial Post ·

First drill test of Aurora’s priority conductive targets planned for fall 2026

CALGARY, Alberta, Sept. 21, 2026 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “ Company ” or “ Traction ”) is pleased to announce that it plans to proceed with a fall 2026 diamond drill program at the Aurora Uranium Project (“Aurora” or the “Project”), located in Saskatchewan’s Athabasca Basin region. Aurora is owned and operated by Cosa Resources Corp. (“Cosa”). Traction holds an option to acquire up to an 80% interest in Aurora from Cosa, subject to satisfying certain earn-in requirements. Cosa will operate the planned program, which will be funded by Traction pursuant to the option agreement.

The proposed program is expected to test priority conductive targets identified through interpretation of Cosa’s 2024 VTEM survey. Target ranking has also been informed by the results of the 2026 property-wide airborne radiometric and magnetic survey and other available geological and geophysical information, with emphasis on conductive responses located near radiometric anomalies interpreted as potentially related to uranium-bearing sources.

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“With the airborne survey complete, we are preparing to move Aurora into drill testing,” said Jared Suchan, Chief Executive Officer of Traction. “The VTEM conductors, ranked against the new radiometric and magnetic data, give us a clear set of priority targets for this program. We look forward to working with Cosa and will report results as they become available.”

Jared Suchan, Ph.D., P.Geo., CEO and Director of the Company, and a Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical contents of this news release.

For a discussion of the Company’s QA/QC and data verification processes and procedures, please see its most recently-filed technical report, a copy of which may be obtained under the Company’s profile at http://www.sedarplus.ca.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca Region. We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com .

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. Its portfolio comprises roughly 237,000 ha across multiple 100% owned and Cosa-operated Joint Venture projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.

Cosa’s award-winning management team has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy’s Hurricane deposit. In addition to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison’s Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.

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