Consolidated Uranium Announces Filing and Mailing of the Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Merger with IsoEnergy

•    Your vote is important no matter how many votes you hold.
•    The Board of Directors of CUR recommends that Shareholders vote 
IN FAVOUR of the Arrangement Resolution.
•    Shareholders who have questions or need assistance with voting their shares should contact
Consolidated Uranium’s proxy solicitation agent and shareholder communications advisor Laurel Hill
Advisory Group by telephone at 1-877-452-7184 or by email at [e-mail].

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce its notice of special meeting of shareholders (the “Meeting”) and management information circular (the “Circular”) are now available on CUR’s website at https://consolidateduranium.com/investors/special-meeting/ as well as under CUR’s profile on SEDAR+ (http://www.sedarplus.ca). CUR commenced the mailing of the Circular and related materials for the Meeting to CUR’s shareholders (“CUR Shareholders”) on Tuesday, October 31, 2023.

The Merger and Meeting Details

On September 27, 2023, IsoEnergy Ltd. (“IsoEnergy”) and Consolidated Uranium entered into a definitive arrangement agreement for a share-for-share merger of IsoEnergy and Consolidated Uranium (the “Arrangement Agreement”), pursuant to which IsoEnergy will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates (the “CUR Shares”) by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement” or the “Merger”).

At the Meeting, CUR Shareholders will be asked to consider a resolution (the “Arrangement Resolution”) regarding the Arrangement whereby all of the issued and outstanding CUR Shares will be acquired by IsoEnergy in exchange for 0.500 of a common share of IsoEnergy (each whole share, an “IsoEnergy Share”) for each CUR Share held (the “Exchange Ratio”). The Exchange Ratio was determined by giving consideration to weighted average prices for each of the IsoEnergy Shares and CUR Shares for the period ended September 26, 2023. Upon completion of the Merger, and after giving effect to the previously announced concurrent financing of Iso Energy which assumes conversion of 8,134,500 IsoEnergy subscription receipts into IsoEnergy Shares on a one-for-one basis, representing approximately 4.75% of the combined company (the “Combined Company”), existing IsoEnergy and Consolidated Uranium shareholders will own approximately 65.05% and 30.20% of the Combined Company, respectively, based on the number of CUR Shares and IsoEnergy Shares issued and outstanding as of October 20, 2023.