Green Canada Corporation Announces Closing of Upsized Private Placement

Toronto, Ontario--(Newsfile Corp. - June 8, 2026) - Green Canada Corporation ("GCC" or the "Company") announces the closing of private placements raising, in aggregate, gross proceeds of $1,931,232. With the final tranche of its previously announced private placement (the "Common Shares Offering") across all tranches of the Common Shares Offering, the Company issued an aggregate of 12,547,946 common shares at a price of $0.13 per share for aggregate gross proceeds of $1,631,232.

In addition, the Company has closed a non-brokered private placement of an aggregate of 2,000,000 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) at a price of $0.15 per share for aggregate gross proceeds of $300,000 (the "Flow-Through Shares Offering", together with the Common Shares Offering, the "Private Placement").

The Private Placement forms a part of the concurrent financing of the reverse take-over of MAACKK Capital Corp. by the shareholders of the Company as previously announced by the Company in its press releases dated November 24, 2025, and March 4, 2026 (the "RTO"). Closing of the RTO will be subject to, among other things, requisite regulatory approval for the listing of the resulting issuer of the RTO (the "Resulting Issuer") on a Canadian stock exchange agreed upon by the parties (the "Exchange Listing").

The common shares issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day after the later of (a) the closing date for the respective tranche of the Private Placement, and (b) the date the Company became a reporting issuer in any province or territory.

In connection with the closing of the final tranche of the Common Shares Offering and the Flow-Through Shares Offering, the Company paid finders' fees in the aggregate amount of $33,417.27.

The net proceeds from the Common Shares Offering are expected to be used for general working capital and corporate purposes, and to fund the transaction cost of the RTO and the Company's previously announced acquisition of the Marshall Project from Basin Energy Limited. The net proceeds from the Flow-Through Shares Offering are expected to be used for the exploration and advancement of the Company's uranium properties in Canada.

The Company will provide an update on the status of the RTO and the Exchange Listing in the near future.

About Green Canada Corporation

GCC has assembled Canadian-based uranium mineral properties focused on unconformity-style uranium deposits in the Athabasca Basin of Saskatchewan and the Otish Basin in Quebec. The flagship Marshall Project to be acquired by GCC from Basin Energy Limited in connection with the RTO with MAACKK Capital Corp. and the adjacent North Millennium project areas are situated 11 km west of Cameco's 69.9% owned Millennium deposit and 20 km southwest of CanAlaska's Pike zone discovery on the West McArthur project in the Athabasca Basin of northern Saskatchewan. A 1,600 metre drill program on the Marshall project is planned for the summer of 2026.

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