Union Power Metals Strengthens Leadership Team with Critical Minerals Experts and Grants Performance-Based Security Compensation

About this update from Union Power Metals Corporation

VANCOUVER, British Columbia, May 11, 2026 (GLOBE NEWSWIRE) -- Union Power Metals Corporation (“Union Power Metals” or the “Company”) (CSE: UPPR) is pleased to announce the addition of Mr. Erez Ichilov as Senior Advisor and Mr. Alexander Ryabchenko as Vice President of Corporate Development to the team. The Company also announces that a total of 3,080,000 performance-vested stock options (the “Options”) and 800,000 performance-vested restricted share units (the “RSUs”) have been granted to certain directors, officers and consultants of the Company pursuant to the Company’s equity incentive plan. The Options and RSUs are 100% performance-vested with no time-based vesting component and will vest only upon the Company achieving market capitalization and share price thresholds that represent meaningful value creation for shareholders. Mr. Ichilov brings more than 20 years of global mining and critical minerals experience directly relevant to UPPR's strategy. He spent over a decade as Managing Director of Traxys Projects LP, the investments arm of the Traxys Group, a global physical commodities trading house, where he led the firm's investments into Lithium, Graphite, Copper, Nickel, as well as in a high-grade Kalahari manganese project in South Africa –positioning him among a unique group of executives with direct, hands-on experience with manganese assets and the pallet of energy transition materials. Prior to Traxys, he served as Deputy CEO, Corporate Development of Cunico Resources N.V., a vertically integrated ferronickel producer operating mines and smelters in Kosovo and North Macedonia, and logistical port hubs in Greece, Albania and Montenegro, giving him deep operational and commercial familiarity with Central and Eastern European mining jurisdictions, permitting frameworks, and downstream metallurgical operations. Mr. Ryabchenko is a mining operations executive with over 20 years of international experience leading large-scale uranium and battery metals projects in Africa and Europe. He previously served as Managing Director of uranium mine in Tanzania, where he led the full-cycle development of the project, including exploration, feasibility studies, permitting, construction of a pilot plant and securing project financing. Mr. Ryabchenko also headed the Dutch holding office of Uranium One, overseeing multi-jurisdictional operations, new busi...

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