Foremost Clean Energy Ltd. Underwriting Agreement

Foremost Clean Energy Ltd. entered into an underwriting agreement with Canaccord Genuity Corp. for the sale of 1,618,000 "flow-through" units at $3.40 per unit, for aggregate gross proceeds of $5,501,200. The company also granted the underwriter an option to purchase an additional 242,700 units, potentially raising an additional $825,180. Each unit consists of one Unit Share and one-half of a purchase warrant, with each whole warrant exercisable into a Common Share at $4.40 for 24 months. The offering is structured as a private placement exempt from prospectus requirements. The agreement details various representations and warranties from the company regarding its corporate status, financial condition, and compliance with applicable laws and regulations. The closing date is set for March 31, 2026.