Vancouver, British Columbia, Canada – August 13, 2024, Generation Uranium Inc. (the  “Company” or “Generation”) (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) is pleased to  announce that its common shares, quoted under the symbol “GENRF” on the OTCQB stock  exchange, are now eligible for electronic clearing and settlement in the United States through  the Depository Trust Company ("DTC"). DTC eligibility is expected to simplify the process of  trading and enhance liquidity of Generation shares in the United States.  

The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S.-based entity  responsible for the electronic clearing and settlement of publicly traded companies. Securities  eligible for electronic clearance and settlement through the DTC are designated as "DTC  eligible." This electronic clearing method expedites the receipt of stock and cash, thereby  accelerating the settlement process for investors and brokers.  

"We are pleased to have received DTC eligibility alongside our existing OTCQB listing, both of  which support our goal of enhancing visibility and equity liquidity for our U.S.-based  shareholders," said CEO Anthony Zelen. "We anticipate trading of our stock will be made more  efficient, rapid, and cost-effective for a broader range of investors.”  

For additional information on the Company's flagship Yath Uranium Project and other company  assets, please visit our investor presentation and website.  

FOR FURTHER INFORMATION CONTACT  

Anthony Zelen  

President and Chief Executive Officer  

[email protected] 

778-388-5258  

About Generation Uranium  

The Company is a natural resource company engaged in the exploration and development of  mineral properties. The Company holds a 100% interest in the Yath Uranium Project, located in  the Territory of Nunavut.  

Forward-Looking Statements  

This news release contains certain forward-looking statements, which relate to future events or  future performance and reflect management’s current expectations and assumptions. Such  forward-looking statements reflect management’s current beliefs and are based on assumptions  made by and information currently available to the Company. Readers are cautioned that these  forward-looking statements are neither promises nor guarantees, and are subject to risks and  uncertainties that may cause future results to differ materially from those expected including, but  not limited to, market conditions, availability of financing, actual results of the Company’s  exploration and other activities, environmental risks, future metal prices, operating risks,  accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks  in the mining industry. All the forward-looking statements made in this news release are  qualified by these cautionary statements and those in our continuous disclosure filings available  on SEDAR at www.sedar.com. These forward-looking statements are made as of the date  hereof and the Company does not assume any obligation to update or revise them to reflect  new events or circumstances save as required by applicable law.  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is  defined in the policies of the TSX Venture Exchange) accepts responsibility for the  adequacy or accuracy of this release. The TSX Venture Exchange has neither approved  nor disapproved the contents of this news release.