Announcement • Jun 04
ExGen Resources Inc Announces Board Changes, Effective June 1, 2026 ExGen Resources Inc. had announced that, subject to TSX Venture Exchange acceptance, Dr. Cynthia Li has been ?appointed to the Board of Directors of ExGen effective June 1, 2026. ExGen also announced that Mr. Kieran Downes has resigned from the Board effective June 1, 2026. Dr. Cynthia (Xin) Li, PhD, CFA, is an Assistant Professor of Finance at Trinity Western University with expertise in corporate finance, capital markets, corporate governance, and environmental, social, and governance (ESG) practices. She holds a PhD in Accounting from Simon Fraser University, a Master of Science in Finance from the University of British Columbia, and is a CFA Charterholder. Prior to academia, Dr. Li worked in equity research and investment banking, where she developed extensive experience in financial modeling, capital raising, mergers and acquisitions, and public market analysis. Dr. Li brings a strong analytical background, capital markets expertise, and governance-focused perspective that align well with the strategic and operational needs of a TSX Venture Exchange-listed mining company. Her combination of industry and academic experience positions her to contribute meaningfully to board oversight, financial stewardship, stakeholder engagement, and long-term shareholder value creation. New Risk • Mar 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.55m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.55m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Feb 13
ExGen Resources Inc. announced that it expects to receive CAD 0.2 million in funding ExGen Resources Inc. announced a non-brokered private placement offering of 1,000,000 units at a price of CAD 0.20 per unit, for gross proceeds of up to CAD 200,000 on February 13, 2026. Each unit will consist of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder thereof to purchase one regular common share at a price of CAD 0.25 per share for a period of 12 months from the closing date of the private placement. The closing of the private placement is expected to occur on or about March 15, 2026, and is subject to regulatory approval, including approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a hold period of four months and one day from the date of closing. No finders' fees will be payable in relation to the private placement. 
