Xcite Uranium Inc. will issue 262,500 common shares at $0.16 per share to settle $42,000 of debt for services previously provided by an arm's length creditor.
Vancouver, British Columbia, April 7, 2026 - Xcite Uranium Inc. (“XRI”: CSE, or “Xcite”) announces that, pursuant to a debt settlement agreement dated as of April 7, 2026, it will issue an aggregate of 262,500 common shares at a price of $0.16 per share to an arm’s length creditor to settle $42,000 of debt for services previously provided by the creditor to the Company. When issued, the Shares will be subject to a four month hold period in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.
About Xcite Uranium Inc.
Xcite Uranium is an early-stage exploration company working to become a leader in the discovery and development of energy transition metals. The uranium project portfolio in the Athabasca basin will propel the company’s efforts to achieve a high-grade discovery based on new geological modelling and exploration thesis in a past-producing uranium camp dormant for 40 years. The Uranium City project portfolio constitutes the Don Lake, Beaver River, Smitty, Lorado, Gulch and Black Bay properties.
On behalf of the Board of Directors of Xcite Uranium Inc.
Jean-Francois Meilleur, CEO