SUA holds Sweden's largest portfolio of conventional uranium resources (non-Alum shale hosted). The exploration permits are Björklund nr 1 and 2, Björkråmyran nr 3, Kvarnån nr 5, Nöjdfjället nr 1, and Skuppesavon nr 2, totalling 16,138 hectares.

Noora Ahola, Director of SUA, comments: "This regulatory development coincides with Sweden's expansion of nuclear power and means that uranium exploration and extraction will now be possible. This represents a significant shift in Sweden's uranium policy and a real opportunity to develop uranium mining projects in the country."

"Moving forward, it will be important to demonstrate - in close dialogue with local communities - how uranium can be extracted safely, in compliance with permitting requirements, and in an environmentally responsible manner. We look forward to engaging and working closely with all stakeholders as we advance."

Sweden is taking several steps towards expanding its current six nuclear reactors, which today account for 30 percent of Sweden's energy mix. In August 2025, the Swedish state-owned energy company Vattenfall communicated its intention to proceed with nuclear power construction that includes new capacity of 1,500 MW^[1]. This venture is also made possible through partial state funding and financial guarantees. Today, Sweden uses 1,500-2,000 tons of uranium (U308) annually, all of which is imported^[2].

The overturned uranium mining ban will mean:

• It will be possible to apply for exploration permits with the Swedish Mining Inspectorate to explore for uranium.
• It will be possible to apply for an exploitation permit (Sw. Bearbetningskoncession) to extract uranium.
• It will be possible to make commercial use of uranium already extracted from polymetallic deposits.

The exploration assets held by SUA are located in the Swedish municipalities of Arjeplog, Boden, Krokom, and Åsele.

Company Overview

SUA Holdings Limited ("SUA" or the "Company") was incorporated on July 5, 2024, under the laws of British Columbia. In September 2024, the Company entered into agreements with its then parent company Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) ("Southern Cross"), whereby the Company issued 300,000,000 common shares of the Company, at an ascribed valued of $40,748, for the transfer of 100% of the issued and outstanding shares of Euro Canna Holdings Ltd. ("Euro Canna") held by Southern Cross, and Southern Cross separately subscribed for 6,138,320 common shares of the Company for $613,832 cash. On January 10, 2025, Southern Cross completed the spin-out of the Company pursuant to which Southern Cross distributed the 306,138,320 common shares of the Company held by it to shareholders of Southern Cross. The Company, through its 100% ownership in Euro Canna, holds six exploration permits in Sweden. As a result, Southern Cross shareholders also became shareholders of the Company and the Company ceased to be a subsidiary of Southern Cross. The Company is a reporting issuer in British Columbia and Alberta.

- Ends -

This announcement has been approved for release by the Board of SUA Holdings Limited.

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