Aerial Geophysics Data Acqusition Completed

GTI Energy Ltd (ASX: GTR) (GTI or Company) is pleased to advise that the data acquisition phase has been completed for the Company’s airborne geophysical surveys at its Lo Herma, Green Mountain and Loki West, ISR uranium exploration project areas in Wyoming. The survey was conducted using a twin- engine aircraft loaded with a suite of sensors that provide detailed radiometric, magnetic and electromagnetic data, allowing for correlation between the three products to further refine the Company’s high-priority targets and potentially locate new targets for upcoming drill programs.

• Aerial geophysics data acquisition completed
• Final report & imaging due September 2023
• AU$490,000 exploration drilling bond returned by the State of Wyoming LQD

The preliminary geophysical images require further processing, and any additional interpreted zones of radiometric anomalism will require corroboration by field exploration work including drilling. The final report and interpretations are expected to be available during September at which point the Company expects to provide an update.

EXPLORATION DRILLING BOND RETURN

Wyoming’s Department of Environmental Quality’s Land Quality Division (LQD) had advised that, after inspection of the Company’s drill hole reclamation and abandonment efforts at the Thor project area, drilling bonds of US$332,587.50 (AU$489,099 based on an exchange rate of US68¢per AU$1) were approved for release back to the Company.

GTI ENERGY LTD – PROJECT PORTFOLIO

POWDER RIVER BASIN, ISR URANIUM, WYOMING, USA

GTI holds 100% of ~13,300 acres (~5,400 hectares) over a group of strategically located mineral lode claims (Claims) & 3.5 state leases (Leases) highly prospective for sandstone hosted uranium. The Lo Herma Project (Lo Herma) is located in Converse County, Powder River Basin, Wyoming. The project lies approximately ~15 miles north of Glenrock and within ~60 miles of 5 permitted ISR uranium production facilities & several satellite ISR uranium deposits. These facilities include UEC’s Willow Creek (Irigaray & Reno creek) ISR plant, Cameco’s Smith & Hyland Ranch ISR plants and Nichols Ranch ISR plant owned by Energy Fuels Inc. The Powder River Basin has an extensive ISR uranium production history and has been the backbone of the Wyoming uranium production business since the 1970s.

GREAT DIVIDE BASIN & GREEN MOUNTAIN ISR URANIUM, WYOMING, USA

GTI Energy holds 100% of ~34,000 acres (~13,500 hectares) over several groups of strategically located and underexplored mineral lode claims (Claims) & 2 state leases (Leases), prospective for sandstone hosted uranium that is amenable to low cost, low environmental impact ISR mining. The properties are located in the Great Divide Basin (GDB) and at Green Mountain1, Wyoming, USA. The properties are located in proximity to UR-Energy’s (URE) operating Lost Creek ISR Facility the GDB roll front REDOX boundary. The Green Mountain Project contains a number of uranium mineralised roll fronts hosted in the Battle Springs formation near several major uranium deposits held by Rio Tinto.

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