(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to report further progress on its proposed reverse takeover transaction (the "Transaction") with Tombador Iron Limited ("Tombador").

Since announcing the Transaction on August 18, 2025, as amended and restated on September 5, 2025, GoviEx has continued to advance towards completion of the Transaction, which is expected to create "Atomic Eagle Ltd", an ASX-listed uranium developer with a strengthened balance sheet, a simplified corporate structure and a clear mandate to advance and improve the Muntanga Project in Zambia, supported by a proven uranium team.

Tombador has recently filed its prospectus with the Australian Securities and Investments Commission (ASIC), and its shareholders are scheduled to meet on October 08, 2025, to vote on the Transaction.

Following this, GoviEx will hold its own special meeting of shareholders, optionholders, and warrantholders (collectively, the "Securityholders") on October 24, 2025, to consider and approve the Transaction, which remains subject to shareholder, securityholder, court and regulatory approvals, as well as the completion of Tombador's concurrent capital raising. Closing continues to be targeted for early November 2025.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

About GoviEx Uranium Inc.

GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Muntanga Project in Zambia.

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