Cosa Resources Issues Deferred Payment Shares to Denison Mines

About this update from Cosa Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (" Cosa " or the " Company ") is pleased to announce that it has issued common shares (the " Deferred Consideration Shares ") to Denison Mines Corp. (" Denison ") (TSX: DML) (NYSE American: DNN) as full satisfaction of the deferred consideration (the " Deferred Consideration ") pursuant to the acquisition agreement (the " Acquisition Agreement ") between Cosa and Denison. Keith Bodnarchuk, President and CEO, commented: "Working closely with Denison since January 2025 has been incredibly rewarding for the Company and we are very pleased to continue to work with Denison as our largest shareholder and joint venture partner. Full satisfaction of the Deferred Consideration combined with the recently completed $12 million bought deal financing has left the Company debt free and well financed through 2027. With an irrevocable 70% ownership in the Murphy Lake North joint venture and an ongoing drill program that is the largest in Cosa's history, we are excited for the future and thank Denison for their continued support and participation." Deferred Consideration Shares The Company announces that it has issued an aggregate of 2,154,476 Deferred Consideration Shares at a deemed price of $0.69036 per share as full satisfaction of the Deferred Consideration per the Acquisition Agreement between Cosa and Denison dated November 26, 2024. The Deferred Consideration Shares are subject to a statutory hold period of four months and a day. Denison will be filing an early warning report, under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in respect of its acquisition of the 2,154,476 Deferred Consideration Shares. Prior to the issuance of the Deferred Consideration Shares by Cosa, Denison held 21,740,864 Shares and 2,417,679 common share purchase warrants, representing 17.5% of Cosa on a partially-diluted basis. Immediately after giving effect to the issuance of the Deferred Consideration Shares, Denison had beneficial ownership of, or control and direction over, 23,895,340 Shares, representing 18.9% of the issued and outstanding Shares of Cosa on a partially-diluted basis as of the date hereof and 2,417,679 common share purchase warrants, representing 13.5% of Cosa's issued and outstanding warrants. The Deferred Consideration Shares were acquired pursuant to Denison's rights under the Acquisition Agreement and held by Denison for investment purposes. Denison intends to review, on a continuous basis, various factors related to its investment in Cosa, and may decide to acquire or dispose of additional securities of Cosa as future circumstances may dictate, including pursuant to the exercise of warrants, the terms of the Acquisition Agreement and/or its pre-emptive rights under the Investor Rights Agreement between Denison and Cosa. Further information will be available in the early warning report to be filed by Denison under Cosa's profile on SEDAR+ or by contacting Denison:

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