Aero Energy, Urano Energy and Pegasus Resources Announce Upsize of Financing to $11.5 Million

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 4, 2026 – Aero Energy Limited (“Aero”) (TSXV: AERO, OTC Pink: AAUGF, FSE: J5B), Urano Energy Corp. (“Urano”) (CSE: UE) (OTCQB: UECXF) and Pegasus Resources Inc. (“Pegasus”) (TSXV:PEGA) are pleased toannounce that, due to strong investor demand, they have increased the size of the previously announced subscription receipt financing to up to 26,250,000 subscription receipts (“Aero Subscription Receipts”)at a price of $0.40 per Aero Subscription Receipt, for aggregate gross proceeds of up to $10,500,000 (the “Aero Subscription Receipt Financing”). The terms and size of the previously announced charity flow-through unit financing for gross proceeds of up to $1,000,000 (the “Aero Unit Financing” and, together with the Aero Subscription Receipt Financing, the “Financing”) remain unchanged. The Aero Subscription Receipt Financing is being conducted in connection with Aero entering into a definitive arrangement agreement with Urano (the “Urano Transaction”) and Pegasus (the “Pegasus Transaction”, and together with the Urano Transaction, the “Transactions”) to combine the three companies by way of court-approved plan of arrangements. The combined company (the “Combined Company”) […]