Stearman Resources Provides Update on Annual General Meeting and Corporate Developments

VANCOUVER, BRITISH COLUMBIA — November 28, 2025 — Leads & Copy —

Stearman Resources Inc. (CSE: STMN) announced that shareholders approved all routine matters at the company’s Annual General Meeting (AGM) held November 27 in Vancouver, British Columbia. Mr. Lester Esteban and Mr. Matthew Schwab were appointed to the Board of Directors, which remains at five, including continuing directors Mr. Howard Milne, Mr. Kirby Renton, and Mr. James Place.

Matthew Schwab, an exploration geologist, was instrumental in the discovery of the Arrow uranium deposit in 2014 as Senior Exploration Geologist at NexGen Energy Ltd. He was also a member of the Hathor Exploration Ltd. development team, contributing to the sale of the Roughrider deposit to Rio Tinto for $654 million. More recently, he served as CEO of Kraken Energy Corp. His prior roles include co-founding Axiom Exploration Group Ltd. and serving as President, Senior Advisor, and Founder of multiple successful private and public mineral exploration and energy consulting firms within the Canadian mining and petroleum industries. Mr. Schwab is currently CEO and Director of Stallion Uranium Corp. and Executive Director of Atomic Minerals Corp.

The company also announced the appointment of Kirby Renton as Chief Operating Officer. Steve Mathiesen has resigned as Chief Financial Officer (CFO) and Corporate Secretary of Stearman. Rick Mah has been appointed CFO and Corporate Secretary, effective November 27.

Mr. Mah has more than 25 years of corporate finance experience in the technology, finance, and hospitality industries. He has held progressively senior finance roles with public and private companies. He has supported financing activities, helping raise over $700 million of capital. He was also a key contributor in a number of strategic transactions, ranging from $1 million to $3.4 billion, including valuation and integration activities. Rick holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Professional Accountant and CFA Charter holder.

Lester Esteban, CEO and director, said 2026 is expected to be an important year for Stearman Resources as the company continues advancing its exploration strategy and evaluating opportunities to expand its land position. The operational focus remains on progressing high-potential uranium targets and preparing for drill programs anticipated to begin in the second and third quarters of the year.

The company expects to provide regular technical updates, including geological observations and assay results when available, consistent with standard disclosure practices for a CSE-listed exploration issuer. Management will continue reviewing additional uranium properties that may complement the existing portfolio.

This planned activity is intended to deliver multiple operational milestones throughout 2026, including target refinement, drilling, and project expansion work.

The company also announced that it has amended the terms of a previously disclosed consulting advisory agreement dated September 25, 2025, with 1000968866 Ontario Ltd. (the “Consultant”). Under the amended agreement, the Consultant will continue to provide financial, marketing, strategic and market-related advisory services to the company for an extended term of 12 months, which commenced on November 17, 2025, in consideration for a total fee of $221,000 CAD. The company will not issue any securities to the Consultant in consideration for the services. The Consultant does not have any prior relationship with the company, and the Company and the Consultant deal at arm’s length. As of November 27, the Consultant (including its directors and officers) does not own any securities of the company.

Stearman Resources Inc. is a Canadian-based junior mineral exploration company doing business as UraniumX Discovery Corp., singularly focused on advancing uranium discovery in Canada's Saskatchewan Athabasca Basin. Its core assets sit on the eastern margin of the Athabasca Basin, a premier global district known for hosting 10 of the world’s top 15 highest-grade uranium deposits.

The Murphy Lake Uranium Property is the company’s flagship, where Stearman is earning up to 70% through an option with F4 Uranium. Adjacent to the world-class Wollaston Domain, the property benefits from conductors, strong alteration, and proven 2022 drilling that intercepted anomalous radioactivity near the Basin’s unconformity.

The company also owns 100% of the Zoo Bay Uranium Project (15 claims; 19,850 ha), positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighboring claims.

Stearman further holds a 100% interest in the NeoCore Uranium Property (6 claims; 13,012 ha), located 65 km southeast of McArthur River Mine, within a stable, high-grade mining district supported by mills, power, all-season roads, and established exploration infrastructure.

Exploration programs incorporate geophysics, drilling, and a research collaboration with the University of Saskatchewan, leveraging quartz-degradation analytics to sharpen target selection.

Contact:

Stearman Resources Inc.
Howard Milne, President
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994

Source: Stearman Resources