Operational Update · Grants

Nuclear Vision Provides Operational Update and Grants Security Based Compensation

March 18, 2026
CSE: NUKV

Vancouver, BC – March 18, 2026 – Nuclear Vision Limited ("Nuclear Vision" or the "Company") (CSE: NUKV) is pleased to provide an operational update on its UA92 Uranium Project in Botswana and to announce the grant of security-based compensation to directors, officers, and consultants.

Operational Update — UA92 Uranium Project, Botswana

Field operations by Endeavour Scientific (Pty) Ltd have commenced. Technical teams are conducting high-resolution drone-borne radiometric surveying across the Company's prospecting licenses to map radiometric anomalies and refine uranium targets for subsequent drilling programs.

The survey program encompasses systematic coverage across multiple licenses, integrated data processing, and technical interpretation. Initial results for one prospecting license are expected in April 2026, with remaining data following upon completion of processing and quality control procedures.

In parallel, the Company has engaged Loci Environmental (Pty) Ltd to manage environmental impact assessment work supporting future drilling activities. Field studies and stakeholder consultations are currently underway in coordination with local authorities, with completion and regulatory approvals anticipated by September 2026.

Security-Based Compensation Grants

The Company has granted the following securities to directors, officers, and consultants:

  • 4,550,000 stock options exercisable at $0.35 per share, vesting immediately and expiring two years from the grant date.
  • 2,000,000 restricted share units (RSUs), vesting immediately.
  • 114,286 common shares issued to Canaccord Genuity Corp. at $0.35 per share in consideration for previously-rendered financial advisory services.

Of the 4,550,000 stock options granted, 2,400,000 were granted to related parties of the Company (directors and officers), constituting a "related party transaction" within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101.

All securities issued pursuant to these grants are subject to a statutory four-month hold period in accordance with applicable Canadian securities laws.

Qualified Person

Lorne Warner, P.Geo., a director of the Company and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this press release.

Investor & Media Contact

Derrick Dao
Chief Executive Officer
info@nuclearvisionltd.com
Carrie Howes
Investor Relations
chowes@nuclearvisionltd.com
+1 647 725 9639

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future, the continued demand for manganese carbonate and electric batteries, the drill-readiness of the Projects, the anticipated results of exploration and development on the Projects, the Company’s ability to commercialize the Projects, and the Company’s ability to form strategic relationships with key customers and supply chain partners. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of Manganese carbonate exploration, the availability of the financing required for the Company to carry out their planned future activities on the Projects, and the availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals and electric batteries, changes in laws, regulations and policies affecting the mineral exploration industry and electric battery industry, as well as the risks and uncertainties which are more fully described in Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s SEDAR+ profile. Ongoing labour shortages, inflationary pressures, changing interest rates, the global financial climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company’s operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.