Baselode Confirms New Uranium Mineralization at Depth at ACKIO, Mineralization Remains Open

AK23-88: 0.32% over 16.5 m at 184 m drill hole depth, including 0.53% over 3.0 m and 0.75% over 1.5 m (best uranium intersection beneath 150 m depth)

Mineralization remains open at depth

Assays from 25 remaining drill holes on this program are pending

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce uranium ("U3O8") assay results from 11 drill holes (AK23-81 to AK23-91) of the 7,500 m diamond drilling program (the "Program") targeting the deepest parts of the ACKIO high-grade uranium system ("ACKIO") on the Hook project ("Hook" or the "Project"). The assays reported herein are all from the deepest drilling at ACKIO. Baselode anticipates, based on previously released radioactivity results, to release even more encouraging results from shallower intersections with pending assay results from 25 drill holes remaining.

"The results from the deep targets in drill holes AK23-88 and AK23-82 clearly demonstrate mineralization remains strong and open at depth as we attempt to connect the near-surface mineralization with these new zones at depth. The assay results from hole AK23-88 rank it is a top-ten drill hole at ACKIO. In particular, AK23-88 intersected 4 individual high-grade uranium lenses, including 0.53% over 3.0 m and 0.75% over 1.5 m, while holes AK23-84 through AK23-88 demonstrate continuity of higher grades of mineralization at depth. ACKIO is a robust uranium system with shallow mineralization extending deep and remains open for additional discovery potential," said James Sykes, CEO, President and Director of Baselode.

ACKIO Drill Program Details

36 drill holes over 7,512 metres ("m") were completed. Within this, ACKIO consisted of 30 drill holes for 6,193 m, Mirror consisted of 5 drill holes for 1,145 m (AK23-105 to AK23-109), and 1 drill hole (HK23-008) for 174 m was completed on a regional exploration target (Figure 1, Table 1).

Drill holes AK23-90 and AK23-91 confirmed mineralization starting at 72 m and 82 m below surface, respectively, demonstrating shallow mineralization is prevalent in other Pods at ACKIO.

The remainder of the drill hole assay results were all intersected between 130 and 225 m beneath the surface, demonstrating uranium mineralization is prevalent at depth at ACKIO and is not restricted to shallow mineralization. Mineralization remains open at depth and provides a target for future drill programs.

Four of the reported drill holes (AK23-84 to AK23-88, excluding AK23-87) all intersected high-grade uranium mineralization (i.e., >0.50% U₃O₈) over a minimum width of 0.5 m core length. These results continue to demonstrate high-grade uranium occurs at depth ACKIO.

Three drill holes (AK23-82, AK23-86, AK23-88) all intersected continuous mineralization over 10 m core length, demonstrating thick mineralized zones at depth.

Geochemical U₃O₈ assay results from drill holes AK23-81 to AK23-91 were provided by Saskatchewan Research Council's Geoanalytical Laboratory ("SRC") in Saskatoon, Saskatchewan. The assay methodology includes SRCs "U₃O₈ Wt% Assay" analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO₃. The digested volume is then made up with deionized water for analysis by ICP-OES. Uranium assay results from the remaining twenty-five drill holes will be released after being compiled and thoroughly quality checked by the technical team.

ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s and Orano's McArthur River mine and Key Lake uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill. The Program was helicopter-supported to lessen any ground-induced environmental impacts within the project area.

NOTES:

All reported drill hole lengths do not represent true thicknesses which have yet to be determined.
* "High-grade uranium mineralization" is defined by the Company as any result with >0.50% U₃O₈ over a minimum of 0.25 m drill hole interval.

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, high-grade uranium deposit in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 11 separate zones, with mineralization starting as shallow as 28 m beneath the surface and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open to the west, north, south, and along the Athabasca sandstone unconformity to the east and south.

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:

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

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.

FIGURE 1 - Surface projections of modeled ACKIO uranium mineralization, drill hole collar locations and traces for AK23-81 to AK23-91

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/181330_31f4455a24de3b9b_005full.jpg

TABLE 1 – Drill collar details, continuous composite elevated radioactivity results, and uranium assay results (U3O8) from drill holes AK23-81 to AK23-91

DDH	Target Area	Location	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 cps)	Assay Results (>0.05 wt% U₃O₈)
AK23-81	ACKIO	Pod 4 - Edge	526170	6372857	466	247	-65	195	400 cps over 0.2 m at 178.1 m	No significant Results
									417 cps over 0.5 m at 179.35 m	0.06% over 0.5 m at 179.5 m
AK23-82	ACKIO	Pod 5 - Edge	526170	6372857	466	248	-80	240	300 cps over 0.2 m at 84.1 m	No significant Results
									368 cps over 9.3 m at 151.3 m	0.09% over 8.0 m at 151.0 m¹
		Pod 4 - Edge							356 cps over 7.8 m at 195.75 m	0.09% over 11.1 m at 195.5 m
									319 cps over 0.25 m at 206.1 m	0.09% over 11.1 m at 195.5 m
									316 cps over 6.5 m at 215.1 m	0.16% over 5.45 m at 215.0 m²
									300 cps over 0.15 m at 229.15 m	0.07% over 0.15 m at 229.15 m
AK23-83	ACKIO	Pod 4 - Edge	526170	6372857	466	248	-57	201	748 cps over 4.35 m at 158.65 m	0.19% over 4.5 m at 158.5 m
AK23-84	ACKIO	Pod 5 - Edge				265	-72	240	588 cps over 18.15 m at 147.4 m	0.29% over 4.1 m at 147.4 m³
								includes		0.70% over 0.5 m at 149.0 m
										0.19% over 6.5 m at 154.0 m
								and includes		0.65% over 0.5 m at 155.0 m
										0.08% over 2.0 m at 162.5 m
									313 cps over 2.9 m at 167.85 m	0.17% over 0.5 m at 170.0 m
		Pod 4 - Centre							329 cps over 0.55 m at 185.7 m	No significant Results
									518 cps over 2.05 m at 188.6 m	0.09% over 1.0 m at 188.5 m
AK23-85	ACKIO		526170	6372857	466	265	-54	210	450 cps over 0.05 m at 161.1 m	No significant Results
		Pod 4 - Edge							797 cps over 2.5 m at 163.2 m	0.14% over 2.7 m at 163.0 m
									657 cps over 5.6 m at 168.25 m	0.15% over 3.5 m at 168.5 m
								includes		0.54% over 0.55 m at 168.5 m
AK23-86	ACKIO	Pod 5 - Edge	526227	6372821	467	242	-60	210	320 cps over 0.2 m at 175.85 m	0.14% over 11.0 m at 176.0 m
									320 cps over 0.2 m at 176.25 m
		Pod 4 - Centre							508 cps over 7.1 m at 179.6 m
								includes		0.93% over 0.9 m at 182.6 m⁴
									326 cps over 1.0 m at 189.8 m	0.11% over 1.0 m at 189.5 m
AK23-87	ACKIO	Pod 4 - Edge	526227	6372821	467	247	-54	201	No Significant Results	No significant Results
AK23-88	ACKIO	Pod 8 - Edge				255	-65	225	300 cps over 0.35 m at 115.1 m	No significant Results
									300 cps over 0.15 m at 117.0 m	No significant Results
		Pod 5 - Edge							600 cps over 4.6 m at 172.4 m	0.38% over 4.5 m at 172.5 m⁵
								includes		0.53% over 3.0 m at 174.0 m⁶
									361 cps over 0.85 m at 180.5 m	0.06% over 1.0 m at 180.5 m
		Pod 4 - Centre							759 cps over 21.8 m at 184.1 m	0.32% over 16.5 m at 184.0 m
								includes	6,000 cps over 0.1 m at 186.75 m	0.69% over 1.55 m at 185.45 m
								and includes		0.73% over 0.5 m at 190.0 m
								and includes		0.75% over 1.5 m at 193.5 m
AK23-89	ACKIO	Pod 5 - Edge	526227	6372821	467	262	-57	213	300 cps over 0.1 m at 172.05 m	No significant Results
									No Significant Results	0.11% over 0.1 m at 181.35
		Pod 4 - Centre							353 cps over 0.45 m at 189.6 m	0.08% over 0.5 m at 189.5 m
AK23-90	ACKIO	Pod 3 - Edge	526227	6372821	467	235	-70	234	305 cps over 2.7 m at 76.85 m	0.06% over 2.5 m at 77.0 m
		Pod 4 - Edge							351 cps over 4.5 m at 195.35 m	0.08% over 3.5 m at 195.0 m
									656 cps over 1.15 m at 202.15 m	0.14% over 1.5 m at 202.0 m
AK23-91	ACKIO	Pod 3 - Edge	526227	6372821	467	235	-75	205	317 cps over 2.65 m at 82.65 m	0.08% over 0.5 m at 85.0 m
11 DDH								2,374	10 DDH	10 DDH
NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N
Elevation is recorded as "metres above sea level"
Az. = Azimuth, EOH = End of hole (measured in metres)
Composite radioactivity results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution
Composite U₃O₈ results use 0.05% U₃O₈ cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is 3O₈)
"includes/and includes" are composite U₃O₈ results using 0.50% U₃O₈ cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is 3O₈)
¹includes 1.25 m core loss over interval length
²includes 0.9 m core loss over interval length
³includes 0.6 m core loss over interval length
⁴includes 0.3 m core loss over interval length
⁵includes 0.9 m core loss over interval length
⁶includes 0.9 m core loss over interval length

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Baselode Energy FIND:CA TSXV:FIND Energy Investing

FIND:CA

Baselode Energy Corp. to Present at the Clean Energy and Precious Metals Virtual Investor Conference on December 4th

Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) is pleased to announce James Sykes, President & CEO, will present live at the Clean Energy and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on December 4 th .

DATE : December 4 ^th
TIME: 2:30 PM ET
LINK: https://bit.ly/3rOONJH
Available for 1x1 meetings: December 4 ^th -6 ^th

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Baselode Cuts 4.03% U3O8 in Extension Drilling at ACKIO

4.03% U₃O₈ over 0.55 m at 126.0 m vertical depth in AK23-102 is the highest individual uranium assay result of the summer drill program

1.02% U₃O₈ over 8.05 m at 123.0 m vertical depth within 0.59% over 15.0 m at 120.7 m vertical depth in AK23-102

Mineralization remains open along strike and at depth

Assays pending from 6 remaining exploration drill holes

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce new uranium ("U3O8") assays from 5 drill holes from the 7,512 metre diamond drilling program (the "Program") completed within the ACKIO uranium prospect ("ACKIO") on the Hook project ("Hook" or the "Project"). Baselode has assays from 6 exploration drill holes outside the ACKIO system to be released.

"We've extended Pod 7 (Figure 1) with its best intersection to date. AK23-102 returned the best overall uranium results with 1.02% U₃O₈ over 8.05 metres and the highest grades, 4.03% U₃O_8,from Pod 7 in a 50 metre step out with mineralization that is still open on strike and at depth. This intersection and previous results from this summer demonstrate the potential for additional high-grade uranium outside of what was previously thought for Pod 7. We learn with each drill hole, and this new information will be well applied for 2024's exploration program on Hook, which will be our most extensive yet," stated James Sykes, CEO, President, and Director of Baselode.

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Baselode Reports More Near-Surface Uranium Mineralization at ACKIO

Mineralization confirmed with 0.67% U₃O₈ over 2.1 m at 32 m true vertical depth

Additional shallow mineralization of 0.23% U₃O₈ over 13.0 m at 44 m true vertical depth which includes high-grade intersection of 1.82% U₃O₈ over 1.0 m

2 of 4 drill holes with mineralization starting within 40 metres of surface

Assays pending from 11 remaining drill holes, including those with the highest radioactivity results

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce new uranium ("U3O8") assays from 4 drill holes from the 7,512 metre diamond drilling program (the "Program") completed within the ACKIO uranium prospect ("ACKIO") on the Hook project ("Hook" or the "Project"). Baselode has assays from 11 drill holes to be released, including those with the highest radioactivity results.

"Drill hole AK23-112 confirms Pod 7 as ACKIO's second zone of near-surface uranium mineralization. After the overburden, AK23-112 immediately penetrated mineralized bedrock, returning a significant concentration of 0.67% U₃O₈ over 2.1 meters at a true vertical depth of 32.0 meters. The same drill hole cut a broad mineralized intercept (0.23% U₃O₈over 13.0 m at 44 m true vertical depth) with high-grade uranium (1.82% U₃O₈over 1.0 m) within 20 m of the upper intersection. Analysis of these results may suggest we have overlooked the potential for other lenses and sructures to be mineralized up to the base of the overburden. Our primary aim is to delineate the expansive scope of the ACKIO uranium system. While the near-surface mineralization remains under-explored, the system remains largely untested at depth. The potential for an extensive and robust uranium mineralized system within ACKIO is very exciting," stated James Sykes, CEO, President, and Director of Baselode.

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Baselode Reports Near-Surface High-Grade Intersection of 1.11% U3O8 over 7.4 Metres

High-grade intersection of 1.11% U₃O₈ over 7.4 m within 0.41% U₃O₈ over 34.85 m at 43.5 m true vertical depth in AK23-95

3 of 5 drill holes with mineralization starting within 50 metres of surface and with greater than 30 metres of mineralization

Assays pending from 15 remaining drill holes, including those with the highest radioactivity results

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce new uranium ("U3O8") assays from 5 drill holes from the 7,512 metre diamond drilling program (the "Program") completed within the ACKIO uranium prospect ("ACKIO") on the Hook project ("Hook" or the "Project"). Assays from the remaining 15 drill holes cover shallow mineralization expanding Pod 7, and exploration drill holes outside the known ACKIO footprint.

"ACKIO continues to impress us with near-surface, high-grade uranium mineralization in Pod 1, and with growth potential in Pod 7 starting to be realized. Drill holes AK23-095, AK23-096, and AK23-098 intersected mineralization starting within 50 m of surface, and had greater than 30 m of composite mineralization. This demonstrates the potential of ACKIO as it hosts shallow, high-grade uranium and is endowed with multiple thick sequences of mineralization. In addition, Pod 7 has grown in thickness, depth, and strike length with four drill holes, remaining open at depth and along strike. We anticipate more encouraging results from Pod 7 as the highest levels of radioactivity encountered in the Program were drilled 50 m along strike of holes AK23-98 and AK23-99," said James Sykes, CEO, President and Director of Baselode.

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Baselode Releases More Uranium Assay Results from ACKIO

0.69% U₃O₈ over 1.5 m within 0.17% U₃O₈ over 14.2 m at 166.9 m drill hole depth in AK23-92 (Pod 5)

0.53% U₃O₈ over 0.5 m within 0.11% U₃O₈ over 8.5 m at 192.5 m drill hole depth in AK23-92 (Pod 4):

Assays from 20 remaining drill holes on 2023's program, including those with the highest radioactivity results, are pending

Uranium mineralization, alteration, and structure all remain open at depth with no signs of fading

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce additional uranium ("U3O8") assays from 5 drill holes of the 7,512 metre diamond drilling program (the "Program") completed within the ACKIO uranium prospect ("ACKIO") on the Hook project ("Hook" or the "Project"). Assays from the remaining 20 drill holes cover shallow mineralization in Pods 1 and 7, and exploration drillholes outside of the known ACKIO footprint.

"Uranium mineralization, alteration, and structure all remain open at depth with no signs of fading. Our previous news release (September 20, 2023, AK23-88: 0.32% U₃O₈ over 16.5 m at 184.0 m) highlighted new mineralization in Pod 4 discovered at depth that remains open, providing a high-priority drill target to follow up in 2024. Encouragingly, the results from AK23-92 suggest Pods 4 and 7 occur on the same east-dipping structure, extending from the overburden contact approximately 30 m beneath the surface and remaining open below 200 m. We are currently assessing if there is sufficient continuity of mineralization to link the two pods. Baselode is fully funded for an aggressive 2024 exploration program following the completion of our recent $10.7 M financing," said James Sykes, CEO, President and Director of Baselode.

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Forsys Update On Norasa Uranium Project

Forsys has launched a broad-ranging initiative to reassess its 2015 Feasibility Study ("FS") for its fully owned Norasa Project 1 in Namibia. The Company sees potential to improve project economics by optimizing pit parameters and examining the potential of using heap leaching in mineral processing. The work program that began in mid 2023 and is anticipated to finish in mid 2024 includes the following components:

4,100 metre ("m") drilling program aimed at enhancing geotechnical assessments and obtaining fresh ore samples for additional metallurgical test work;
Geotechnological optimization of pit parameters to reduce stripping ratio;
Evaluation of alternative metallurgical processes, including heap leaching, to reduce capital and operational expenses;
Critical review of all linear infrastructure and utilities.

To achieve these objectives, the Company recruited a 27 person team who have significant previous uranium mining experience at various Namibian operations. The technical team includes process engineers, mining experts, geologists, environment consultants, and local specialists led by the Company's Namibian Country Director, Pine Van Wyk.

Further Drilling Program

Recent advancements in metallurgical, engineering and mining technology since exploration and computation of the Norasa Project's FS have warranted a comprehensive review of the project. In mid 2023, the Company commenced a new 4,100 m drilling program to retrieve fresh samples at depths of up to 420 m from the slope areas for both the planned mining pits at Valencia and Namibplaas.

The drilling program focuses on:

Geotechnical logging and geo-mechanical sampling to refine pit designs;
Sampling for new metallurgical test work and for optimized process design;
Sampling and testing local groundwater resources and to establish additional groundwater monitoring borehole;
Further geotechnical drilling, logging and sampling, along with downhole surveys (trajectory, gamma, Optical Televiewer) at Valencia and Namibplaas;
Density test work on ore and waste material;
geochemical analysis of samples at Trace Element Analytical Laboratories and calc index and U deportment test work; minimum of 5% check analyses by other independent analytical laboratories.

Figure-1 below, illustrates the drilling program within ML-149 Valencia and EPL-3638 Namibplaas (ML-251 pending). Currently one Reverse Circulation ("RC") drill rig and two Diamond Core ("DC") drill rigs are on ML-149. Additional drill locations are planned for further in-depth studies and for geotechnical assessments.

Drilling program underway

Figure 1: Drilling program underway

By the end of October 2023, a total of 1,445 m of RC drilling and 1,865 m of DC drilling had been completed, including substantial large diameter metallurgical drilling at the Valencia, ML-149 site. Work is ongoing and the majority of the programme is targeted for completion by year end 2023.

Heap Leach Trade-Off Studies and Test Work

In March 2023, Forsys engaged DRA Projects Pty Ltd, a subsidiary of DRA Global Limited (ASX; DRA/JSE: DRA) ("DRA") to oversee test work and conduct various engineering studies. The test work and studies aim to assess the potential trade-off opportunity between tank and heap leaching given advances in High Pressure Grinding Rolls crushing and heap leach technology.

Column leach tests are underway at SGS laboratories in South Africa, including measurements of ore height and slump in the column, with residues analyses for uranium content. The column leach tests results will inform heap leach recovery projections and key process conditions for the economic assessments. Final results of this trade-off study are expected first quarter 2024.

Mining Licences, Environmental Certificates and Permits

The Company currently holds a 25-year Mining Licence (ML-149) for its Valencia deposit, valid until 2033. Additionally, Forsys is actively engaged with the Ministry of Mines and Energy (MME) to renew its Exclusive Prospecting Licence (EPL-3638) for further pit optimization work at the Namibplaas site.

Earlier in the year, Forsys renewed its Environmental Clearance Certificate ("ECC") from the Ministry of Environment, Forestry and Tourism for a further three-year term, allowing the Company to advance its development plans for the Norasa project. The ECC renewal process evaluated the Company's environmental management practices, including waste management, emissions controls, biodiversity protection, and community engagement, among other factors.

Forsys is in the process also of securing additional permits, encompassing land surface rights; accessory works; radiation management; linear infrastructure development and desalination.

Qualified Person and Independent Consulting Firms

Mr. Robin Welsh is acting as the Company's Qualified Person, as such term is defined in National Instrument 43-101 ("NI 43-101"). Mr. Welsh is a Senior Project Manager for DRA Projects Pty Ltd and with his education, experience, and professional registrations, he fulfils the requirements of an independent Qualified Person as defined in NI 43-101. Mr. Welsh has reviewed and approved the scientific or technical information contained in this press release.

DRA Projects Pty Ltd, a subsidiary of DRA Global Limited is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals and metals industry.

About Forsys Metals Corp.

Forsys Metals Corp. (TSX: FSY, FSE: F2T, NSX: FSY) is focused on advancing the Norasa Uranium Project that is made up of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638) in the politically friendly jurisdiction of Namibia. Extensive work has been carried out on the deposits from 2006 to 2015 with close to 290,000 m of drilling, resource estimation and processing test work.

The reserves come from three deposits: the Valencia pit, a small satellite pit adjacent to Valencia, and the Namibplaas pit, and two NI 43-101 technical reports previously prepared in support of the 2015 FS demonstrated significant proven and probable mineral reserves of 91Mlb. In addition, the 2015 FS demonstrated Measured and Indicated resource of 115Mlb and Inferred resource of 11Mlb.

Forsys are currently engaged in re-evaluating the 2015 FS and multiple workstreams are underway to re-analyze geology data as well as establishing a new drilling program to retrieve fresh samples from both site deposits and improve on process and pit designs. As a part of this study, Forsys are exploring new technologies to understand how these can enhance recovery rates, optimise tailings and improve project economics.

Further information is available at the Company website www.forsysmetals.com

On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Director, Investor Relations.

For additional information please contact:
Richard Parkhouse, Director, Investor Relations
email: rparkhouse@forsysmetals.com email: info@forsysmetals.com
Phone: +44 (0) 7730 493432

Forward Looking Statement

Certain information contained in this press release constitutes "forward-looking information" , within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding improved project economics, improved resource quality, the benefits of changing to a heap leach process, anticipated Capex and Opex savings, the results and timing of an updated NI 43-101 technical report and feasibility study, and the future operating or financial performance of Forsys Metals Corp which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and Forsys Metals Corp disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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PrairieSky Appoints Glenn McNamara to Board of Directors

PrairieSky Royalty Ltd. (" PrairieSky " or the " Company ") (TSX: PSK) is pleased to announce the appointment of Glenn McNamara to the Board of Directors effective December 4, 2023.

"We are pleased to welcome Glenn to our Board of Directors. His business and industry expertise, leadership skills and extensive experience in royalties make him an ideal addition to the Board," said James Estey, Chair of the Board. "We look forward to Glenn's contributions as we continue to execute on our strategy."

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Purepoint Uranium Group Inc. Closes Private Placement with Foran Mining Corporation

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement") of common share units (each, a "Unit") to Foran Mining Corporation (TSX: FOM) ("Foran"). In connection with the closing, the Company issued 7,000,000 Units at a price of $0.05 per unit for aggregate gross proceeds of $350,000. Each Unit is comprised of one common share of Purepoint and one common share purchase warrant exercisable at a price of $0.07 per share for a term of two years from the date of issue. The net proceeds of the Private Placement will be used by Purepoint for general working capital purposes. All securities issued in connection with the closing of the Private Placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of April 5, 2024.

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DDH	Target Area	Location	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 cps)	Assay Results (>0.05 wt% U₃O₈)
AK23-92	ACKIO	Pod 5 - Edge	526173	6372895	465	264	-65	225	704 cps over 13.85 m at 166.95 m	0.17% over 14.15 m at 166.85 m
								includes	N/A	0.69% over 1.5 m at 171.5 m
									643 cps over 0.9 m at 183.25 m	0.16% over 0.5 m at 183.5 m
									350 cps over 0.1 m at 187.75 m	Results below cutoff grade
		Pod 4 - Edge							646 cps over 16.1 m at 190.9 m	0.11% over 8.5 m at 192.5 m & 0.14% over 3.5 m at 203.5 m
								includes	6,705 cps over 0.15 m at 191.25 m	N/A*
								and includes	5,000 cps over 0.15 m at 195.85 m	0.53% over 0.5 m at 195.5 m
									300 cps over 0.15 m at 209.35 m	Results below cutoff grade
AK23-93	ACKIO	Pod 4 - Centre	526173	6372895	465	270	-75	213	300 cps over 0.4 m at 177.5 m	Results below cutoff grade
AK23-94	ACKIO	Pod 5 - Edge	526173	6372895	465	278	-72	222	575 cps over 0.2 m at 166.25 m	0.19% over 0.5 m at 166.0 m
		Pod 4 - Edge							No significant results	0.07% over 0.5 m at 179.0 m
AK23-100	ACKIO	Pod 2 - Edge	526078	6372984	464	81	-59	177	488 cps over 4.9 m at 131.5 m	0.21% over 3.5 m at 133.0 m
AK23-101	ACKIO	Pod 2 - Centre	526078	6372984	464	103	-60	171	300 cps over 0.15 m at 113.65 m	Results below cutoff grade
									548 cps over 3.7 m at 118.9 m	0.22% over 3.5 m at 119.0 m
									350 cps over 0.65 m at 137.35 m & 300 cps over 0.2 m at 139.8 m & 365 cps over 0.5 m at 142.25 m	0.07% over 6.0 m at 137.0 m
									519 cps over 5.1 m at 151.6 m	0.28% over 5.6 m at 151.5 m
5 DDH								1,008	5 DDH	4 DDH

Eastern Time (ET)	Presentation	Ticker(s)
9:00 AM	Elevated Uranium Ltd.	OTCQX: ELVUF \| ASX: EL8
9:30 AM	Deep Yellow Ltd.	OTCQX: DYLLF \| ASX: DYL
10:00 AM	Lotus Resources Ltd.	OTCQB: LTSRF \| ASX: LOT
10:30 AM	Nuclear Fuels Inc.	OTCQX: NFUNF \| CSE: NF
11:00 AM	Anfield Energy Inc.	OTCQB: ANLDF \| TSXV: AEC
11:30 AM	Stallion Uranium Corp.	OTCQB: STLNF \| TSXV: STUD
12:00 PM	Paladin Energy Ltd.	OTCQX: PALAF \| ASX: PDN
12:30 PM	Western Uranium & Vanadium	OTCQX: WSTRF \| CSE: WUC
1:00 PM	Peninsula Energy Ltd.	OTCQB: PENMF \| ASX: PEN
1:30 PM	IsoEnergy Ltd.	OTCQX: ISENF \| TSXV: ISO
2:00 PM	Yellow Cake PLC	OTCQX: YLLXF \| AIM: YCA
2:30 PM	Baselode Energy Corp.	OTCQB: BSENF \| TSXV: FIND
3:00 PM	Terra Uranium Limited	ASX: T92
3:30 PM	Energy Fuels Inc.	NYSE American: UUUU \|TSX: EFR

Eastern Time (ET)	Presentation	Ticker(s)
9:00 AM	Jindalee Resources Ltd.	OTCQX: JNDAF \| ASX: JRL
9:30 AM	Hochschild Mining PLC	OTCQX: HCHDF \| LSE: HOC
10:00 AM	Li-FT Power Ltd.	OTCQX: LIFFF \| CSE: LIFT
10:30 AM	Rio2 Limited	OTCQX: RIOFF \| TSXV: RIO
11:00 AM	Gold Terra Resource Corp.	OTCQX: YGTFF \| TSXV: YGT
11:30 AM	Goliath Resources Ltd.	OTCQB: GOTRF \| TSXV: GOT
12:00 PM	Silver Storm Mining Ltd	OTCQB: SVRSF \| TSXV: SVRS
12:30 PM	Silver Tigers Metals Inc.	OTCQX: SLVTF \| TSXV: SLVR
1:00 PM	Stillwater Critical Minerals Corp	OTCQB: PGEZF \| TSXV: PGE
2:00 PM	Outcrop Silver & Gold Corp.	OTCQX: OCGSF \| TSXV: OCG
2:30 PM	Southern Silver Exploration Corp.	OTCQX: SSVFF \| TSXV: SSV
3:30 PM	Graphene Manufacturing Group Ltd.	Pink: GMGMF \| TSXV: GMG
4:00 PM	Novo Resources Corp.	OTCQX: NSRPF \| TSX: NVO

Eastern Time (ET)	Presentation	Ticker(s)
9:30 AM	WestGold Resources Limited	Pink: WTGRF \| ASX: WGX
10:00 AM	Onyx Gold Corp.	OTCQX: ONXGF \| TSXV: ONYX
10:30 AM	West Vault Mining Inc.	OTCQX: WVMDF \| TSXV: WVM
11:00 AM	Akobo Minerals AB	OTCQX: AKOBF \| Oslo Bors: AKOBO
11:30 AM	GoGold Resources, Inc.	OTCQX: GLGDF \| TSX: GGD
12:00 PM	European Energy Metals Corp.	OTCQB: EUEMF \| TSXV: FIN
12:30 PM	Giga Metals Corp.	OTCQX: GIGGF \| TSXV: GIGA
1:00 PM	Argentina Lithium & Energy Corp.	OTCQB: PNXLF \| TSXV: LIT
1:30 PM	Lavras Gold Corp.	OTCQX: LGCFF \| TSXV: LGC
2:00 PM	Osisko Metals Inc.	OTCQX: OMZNF \| TSXV: OM
2:30 PM	Idaho Copper Corporation	Pink: COPR
3:00 PM	Sierra Metals, Inc.	OTCQX: SMTSF \| TSX: SMT
3:30 PM	Arizona Metals Corp.	OTCQX: AZMCF \| TSX: AMC

Andrew Phillips President & Chief Executive Officer PrairieSky Royalty Ltd. (587) 293-4005 Investor Relations (587) 293-4000 www.prairiesky.com	Pamela Kazeil Vice President, Finance & Chief Financial Officer PrairieSky Royalty Ltd. (587) 293-4089

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