Aero Energy, Urano Energy and Pegasus Resources Announce Combination to Create a Premier North American Uranium Explorer & Developer and Up to $6 Million Non-Brokered Financing

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, B.C. – March 2, 2026 – Aero Energy Limited (“Aero”) (TSXV: AERO, OTC Pink: AAUGF, FSE: UU3), Urano Energy Corp. (“Urano”) (CSE: UE) (OTCQB: UECXF) and Pegasus Resources Inc. (“Pegasus”) (TSXV:PEGA) announce that the companies have entered into definitive arrangement agreements pursuant to which Aero has agreed to acquire all of the issued and outstanding common shares of both Urano (the “Urano Transaction”) and Pegasus (the “Pegasus Transaction” and, together with the Urano Transaction, the “Transactions”). The combined company (the “Combined Company”) is expected to continue under the name “Manhattan Uranium Discovery Corp.” and trade under the symbol “MANU”. Immediately prior to entering into the Urano Agreement and the Pegasus Agreement (as defined below), Urano and Pegasus terminated the binding letter agreement in respect of a proposed business combination transaction as previously announced in a news release dated December 2, 2025. On closing of the Transactions, shareholders of Urano will receive 0.2 common shares (the “Urano Exchange Ratio”) of Aero (the “Aero Shares”) for each Urano share (the “Urano Shares”) held […]