Baselode and Ya'thi Nene Lands and Resources Sign Exploration Agreement

Baselode and Ya'thi Nene Lands and Resources Sign Exploration Agreement

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode") and Ya'thi Néné Lands and Resources ("YNLR"), the office representing the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, Fond du Lac and the Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake and Camsell Portage, proudly announce that they have recently signed an Exploration Agreement to strengthen their relationship.

With substantial land holdings spanning approximately 264,172 hectares (652,783 acres), Baselode has uranium exploration targets in Saskatchewan's Athabasca Basin and the traditional lands of YNLR First Nations in Treaty 8 and Treaty 10 Territories and is committed to building a sustainable future for their company and the communities near which they explore. The recent agreement accentuates Baselode's dedication to corporate responsibility, aligning with YNLR's focus on environmental stewardship, employment, social well-being, and cultural preservation. Provisions include harvester compensation, contributions to YNLR's community trust, and contracting opportunities for northern businesses.

Mary Denechezhe, Elder and YNLR Board Chair, expresses optimism for the positive impact on the community trust, as well as the promising contracting and employment opportunities that Baselode will bring to benefit the northern population. "Signing this agreement with Baselode is another key step towards the protection of our land and culture, and reaching our economic development goals in the communities. This partnership is important for Treaty Rights preservation, and we appreciate Baselode's commitment to working with us in a good way that is both respectful and mutually beneficial."

"We are honored to sign this Exploration Agreement as we appreciate a working partnership to continue protecting the values and rights of the First Nations and communities supported by YNLR. We envision a respectful collaboration moving forward that focuses on the people, the land, and the culture of those who call Nuhenéné home," said James Sykes, CEO, President & Director of Baselode.

About Baselode Energy Corp.
Baselode controls 100% of approximately 264,172 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

For further information, please contact:

Baselode Energy Corp.
FIND on the TSXV
info@baselode.com
www.baselode.com

James Sykes, CEO, President and Director
jsykes@oregroup.ca
306-221-8717

About Ya'thi Néné Lands and Resources (YNLR)
YNLR is a non-profit organization owned by the Athabasca Basin First Nations of Hatchet Lake Denesułiné First Nation, Black Lake Denesułiné First Nation, Fond du Lac Denesułiné First Nation and northern Saskatchewan municipalities of the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake and the Northern Settlement of Camsell Portage.

YNLR was established in June 2016 with the mandate to promote and enhance the environmental, social, economic, and cultural well-being of current and future Athabasca residents.

For further information, please contact:

Garrett Schmidt
Executive Director
306.477.1251
garrett.schmidt@yathinene.com

Learn more at www.yathinene.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191706

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Baselode Now Drilling at ACKIO Uranium Prospect

Baselode Now Drilling at ACKIO Uranium Prospect

  • Up to 16,000 metre project-wide drill program, the second largest drill program on Hook project
  • The second drill is anticipated to start in two weeks

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce diamond drilling has started on the ACKIO ("ACKIO") uranium prospect within the Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"We are excited to be finally be back at our flagship Hook project, where we will be looking to expand upon our near-surface uranium discovery ACKIO. Additional drilling on ACKIO offers excellent prospects for expanding the known zones and making new discoveries along strike and depth.

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Baselode Mobilizes for Hook's 16,000 Metre Drill Program

Baselode Mobilizes for Hook's 16,000 Metre Drill Program

  • Drill mobilization and camp construction near completion for ACKIO and Hook
  • Ground ANT and gravity surveys complete over ACKIO and regional targets at Hook
  • Bear drill program is complete, with results to be released when assays received

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide updates for its ACKIOHook ("ACKIO, Hook") and Bear ("Bear") uranium projects in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"We look forward to exploring the ACKIO discovery and its surroundings on the Hook project this year. New targets include multi-layered geophysical and geological features along strike to the southeast and at depth beneath ACKIO. Additionally, drill hole data suggests the mineralization fluid system is open in both directions. Our regional exploration targets are reinforced with recent ground gravity and ambient noise tomography ("ANT") geophysical surveys over corridors of interest previously identified on the Hook project. We're eager to explore the Hook project," commented James Sykes, CEO, President, and Director of Baselode.

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Baselode Starts Drill Program on Bear Uranium Project : Begins Fleet Space Technologies' ANT survey over ACKIO

Baselode Starts Drill Program on Bear Uranium Project : Begins Fleet Space Technologies' ANT survey over ACKIO

  • 1,500 metre inaugural Bear drill program has started targeting 3 areas with 6 to 8 drill holes
  • Fleet Space Technologies' Ambient Noise Tomography ("ANT") survey, a passive, seismic method for generating 3D subsurface models is being deployed over ACKIO

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce the starts of an inaugural drill program and ANT geophysical survey on its Bear ("Bear") and Hook ("Hook") uranium projects, respectively, in the Athabasca Basin area, northern Saskatchewan (see Figure 1).

"We're excited to start this drill campaign on Bear. Our target generation has identified areas of potential structural disruption and hydrothermal fluid alteration along the uranium-fertile Wollaston-Mudjatik transition zone that hosts numerous high-grade uranium deposits. We've identified 3 main targets areas we'll be drilling at the intersection points of NE-SW-trending layers and cross-cutting NW-SE-oriented structures (Figure 2). We believe the latter structures may have controlled anomalous uranium intersected in historic drill holes.

We're also happy to announce we've started laying out and acquiring data from Fleet Space Technologies' ANT survey deployed over ACKIO. We hope to map out the extent of ACKIO's Athabasca sandstone outlier and the deep structural roots of the uranium mineralization system. We believe ACKIO continues at depth, including mineralization along the sandstone-basement fault zone. We look forward to testing these targets when we begin our next ACKIO drill program in June," stated James Sykes, CEO, President, and Director of Baselode.

Please watch the Company's video (below) to understand the target generation ideas for the Bear drill program.

Bear - 2024 Exploration Targets Defined

Cannot view this video? Visit:
https://www.youtube.com/watch?v=anLYo83AUko

Bear Drill Program Details
The recently started Bear drill program is planned for 1,500 metres with 6 to 8 drill holes targeting 2 to 3 different target areas. The helicopter-support program allows expedient drill targeting and lessens environment impacts. The Company has received the necessary permits to complete the program.

Hook ANT Program Details
"Fleet Space Technologies has developed an innovative high-resolution, ground-based, satellite-connected ambient noise tomography ("ANT") survey to produce a 3D model of the subsurface. The survey will be completed over ACKIO and other areas of interest, with data expected to be received and interpreted prior to starting diamond drilling on Hook in June. The Company has received the necessary permits to complete the program.

About Baselode Energy Corp.
Baselode controls 100% of approximately 272,804 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_007.jpg

FIGURE 1 - Baselode projects location map. ACKIO uranium prospect identified with yellow circle.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_007full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_008.jpg

FIGURE 2 – Bear Project Compilation Map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_008full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207569

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Baselode to Begin Bear Uranium Project Drill Program and Updates on Catharsis

Baselode to Begin Bear Uranium Project Drill Program and Updates on Catharsis

  • 1,500 metre inaugural Bear drill program scheduled to start in coming weeks
  • Catharsis drill program is complete, with results to be released when assays received

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide updates for its Bear ("Bear") and Catharsis ("Catharsis") uranium projects in the Athabasca Basin area, northern Saskatchewan (see Figure 1).

"This is an exciting time as we begin our inaugural drill exploration program on Bear. The geology looks compelling, with an apparent regional structure hosting uranium mineralization already being identified with historic drilling and overlapping geophysical gravity low anomalies associated with bends in EM conductors. A discovery at Bear would be fortuitous as it is located about 30 kilometres south of the Key Lake uranium mill, and 10 kilometres east of the Key Lake haul road.

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  • Three new target areas will be added
  • Baselode is seeking another grassroots discovery on Catharsis
  • Early drilling has encountered anomalous radioactivity, strong alteration, and encouraging redox-style alteration within brittle structures

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce that it will increase the ongoing drill program on the Catharsis uranium project ("Catharsis") to 4,000 metres. Early drilling has shown encouraging signs that warrant the additional investment.

"Our first drill hole of this program intersected anomalous radioactivity* within a structural corridor at a favourable lithologic contact. These are important similarities with other uranium deposits. Subsequent drill holes followed the radioactivity up-dip (Figure 3) and intersected quartz-hematite oxidized fluid systems with redox-style and clay alteration characteristics reminiscent of high-grade uranium deposits (see Figures 4, 5 & 6). We will continue drilling the target area down-dip of the radioactivity, and along strike from it. We are encouraged by the results and have decided to increase our Program. We will drill more target areas than previously announced to test for near-surface, high-grade uranium deposits," stated James Sykes, CEO, President, and Director of Baselode.

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TSX Venture Exchange:   BSK
Frankfurt Stock Exchange:   MAL2
OTCQB Venture Market (OTC): BKUCF

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The 2024 drill program consisted of 1,086 meters of drilling in four diamond drill holes. Drilling commenced on March 29 th and was complete on April 19 th . Logging of drill core, sampling, and demobilization of all drill equipment, helicopter, and crews was complete by the end of April. The priority for the 2024 drill program was to follow up on the clay alteration zone and elevated uranium that was identified in the winter of 2023 with a focus on the area of transition between the K and H Zones (Figure 2).

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Forsys is pleased to provide an update on the Company's Norasa Uranium project ("Norasa 1 ") with interim results from its 2024 Resource Extension and Exploration target drilling program at Valencia (ML 149).

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