Arizona Strip Energy Corp.

Arizona Strip Energy Corp. (“Arizona Strip” or the “Issuer”) is involved in the mineral property acquisition and exploration business, with a focus on uranium. Arizona Strip will attempt to differentiate its business from its competitors by relying on the mineral exploration and capital markets experience of its directors and officers to acquire interests in mineral properties with the potential to possess economic mineralization and conduct exploration on those properties. Achieved Milestones: Pursuant to an option agreement (the “Option Agreement”) entered into between Arizona Strip and an optionor, Arizona Strip holds the sole and exclusive option to acquire a 100% interest, subject to a 2% net smelter returns royalty (of which 1% may be repurchased at any time prior to, or within 90 days of, the commencement of commercial production), in six unpatented lode mining claims comprising approximately 50.2 hectares, which are located in Mohave County, Arizona (the “JD Property”). In order to exercise the option, Arizona Strip must: (i) incur a total of $1,850,000 in exploration expenditures on the JD Property over a period ending December 31, 2029; (ii) issue a total of 2,600,000 common shares to the optionor over the same period; and (iii) make aggregate cash payments of $310,000 to the optionor over the same period. Arizona Strip has a firm commitment to complete $100,000 of exploration expenditure by the earlier of the completion of a listing on a recognized North American stock exchange or December 31, 2026. Upon exercise of the option, an advanced annual royalty of $10,000 per year is payable to the optionor commencing on January 1, 2030, which payments are deductible from future net smelter returns royalty payments. Since its incorporation on March 31, 2026, Arizona Strip has completed several financings and entered into the Option Agreement to progress its mineral exploration business. On July 8, 2026, Arizona Strip completed a non-brokered private placement of 8,000,000 units at a price of $0.05 per unit for aggregate gross proceeds of $400,000. Each unit consisted of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.10 for a period of five years from the date of issuance. On August 4, 2026, Arizona Strip completed a further non-brokered private placement of 700,000 units at a price of $0.05 per unit for aggregate gross proceeds of $35,000. Each unit consisted of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.10 for a period of five years from the date of issuance. In the next two years, Arizona Strip intends to complete additional phases of exploration on the JD Property consisting primarily of geophysical surveys and geochemical sampling, and to file a prospectus and apply to list its common shares on the TSX Venture Exchange. Subject to positive results and obtaining the necessary financing, Arizona Strip intends to conduct a follow-up exploration program consisting of drilling. All exploration activities and milestones are subject to the recommendations contained in the technical report to be prepared by an independent qualified person, and are therefore subject to change. The proposed timeline for achieving these milestones is to complete the initial phase of exploration on the JD Property during the fourth quarter of 2026 and to complete a follow-up exploration program in 2027, subject in each case to the recommendations contained in the technical report.