Resource News

New Gravity Targets Defined Along the Key Lake Fault Structure

Surface Samples With Up To 0.13% U

Planned Summer Work Program Includes Drilling Priority Targets

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce successful results from the new ground gravity geophysical survey at its Key Extension project (the "Project" - Figure 1). The survey has identified multiple gravity lows associated with interpreted structural corridors and domain boundaries in the southeast Athabasca Basin region, adjacent to the Key Lake uranium mine and milling complex.

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Figure 1 – Key Extension Property Map

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The most prominent gravity low anomaly is located at the intersection of two structural lineaments, the important boundary between the Wollaston and Mudjatik domains and the interpreted Key Lake Fault (Figure 2). A coincident historical north to northeast-trending VTEM conductor is mapped with this broad gravity low anomaly. The Key Lake fault is host to the Key Lake deposits and associated zones approximately 10 km from the northeastern project boundary. The Key Lake deposits consist of a series of southwest-northeast striking pods of unconformity associated uranium mineralization, which have historically produced over 150 million lbs U3O8 from the Gaertner and Deilmann open pits.

Two additional priority gravity anomalies are identified along strike in both directions from the main gravity anomaly associated with the interpreted Key Lake fault and the Wollaston-Mudjatik boundary location. This includes immediately to the northeast of the main anomaly where a gravity low is developed along the main Key Lake fault structure and a coincident conductor. West of this area, historical boulder and outcrop samples taken in the Orchid Lake area returned up to 0.13% U in weakly to strongly altered pegmatite boulders, some of which contained graphite (Figure 2). In addition, in the southwestern part of the survey area, where the Key Lake fault is interpreted to exist parallel to the Wollaston-Mudjatik boundary, a significant gravity low has been identified. This series of gravity low anomalies running through the project area associated with conductors and fault structures generate multiple high-priority target areas that will require drill testing.

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Figure 2Ground gravity survey results show multiple anomalies associated with structural corridors.

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The ground gravity survey, consisting of 3,100 stations on 200 m x 50 m grid was completed in March by MWH Geophysics Ltd. Processing of the data resulted in the identification of several residual Bouguer anomalies corrected at 1.9 g/cm3, represented by several prominent gravity lows. Hydrothermal fluids associated with high-grade basement-hosted uranium deposits cause extensive clay alteration of the host rock, resulting in reduced density relative to the surrounding country rocks. This density contrast will be expressed as a gravity low and is a priority drill target when coincident with other indicators of uranium mineralization. Similar gravity lows are associated with recent discoveries of basement-hosted uranium deposits in the Athabasca Basin, most notably the discovery of the Arrow Uranium Deposit which is host to 337.4 million pounds U3O8 in measured, indicated, and inferred categories.

The Company is completing work on the Project under a Property Option Agreement with Durama Enterprises Limited ("Durama"), a private company, which allows CanAlaska to earn up to 100% interest in the Project (Figure 1) (See News Release Dated October 6th, 2021).

Planned Work Programs

Work permit applications have submitted to the Saskatchewan Ministry of Environment for a 2022 drilling program on the Key Extension project. A fully-permitted regional geological prospecting program is planned for the summer of 2022 in advance of the drilling program. In addition, the Company plans to complete a high-resolution airborne radiometrics survey and a re-interpretation of the historical VTEM survey data.

CanAlaska CEO, Cory Belyk, comments, "The results of this gravity survey and initial compilation work are incredibly encouraging and provide multiple drill targets for immediate follow-up along a previously untested portion of the prolific Key Lake structure. The presence of nearby historical uranium in boulders and outcrop highlight the potential of this property to host significant basement-hosted uranium mineralization. Multiple datasets are pointing directly to these three priority target areas which are likely to be the focus of CanAlaska's inaugural drill program at Key Extension."

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska's Vice President, Exploration.

On behalf of the Board of Directors

"Peter Dasler"
Peter Dasler, M.Sc.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

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

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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GLOBAL ATOMIC ANNOUNCES RESULTS OF ANNUAL MEETING

Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (Frankfurt: G12) (OTCQX: GLATF) today announced shareholder voting results from the Annual General & Special Meeting of Shareholders held June 23, 2022 .

Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation)

Directors were elected to the Board as per the voting results in the table below:

Director Nominee

For

%

Withheld

%

Tracey J. Arlaud

59,482,315

99.88

67,276

0.11

Asier Zarraonandia Ayo

59,468,413

99.86

81,178

0.14

Dean R. Chambers

59,255,675

99.51

293,916

0.49

Richard R. Faucher

59,255,374

99.51

294,217

0.49

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59,482,956

99.89

66,635

0.11

Derek C. Rance

51,330,878

86.20

8,218,713

13.80

Stephen G. Roman

59,495,315

99.91

54,276

0.09

Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as Auditors of the Company and all unallocated entitlements under the Company's Stock Option Plan for the period ended June 23, 2025 .

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates Yellowcake production to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomic's development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "does not anticipate", or "believes" or variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents  filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

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NexGen to Webcast Annual General Meeting and Presentation by Management on June 23, 2022

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) announces that that in consideration of the ongoing COVID environment, the Company will be providing a webcast facility in addition to the previously announced teleconference facility.  NexGen strongly encourages participants to follow the conduct of the Annual General Meeting ("AGM") via these facilities.

NexGen Energy Ltd. Logo (CNW Group/NexGen Energy Ltd.)

A presentation by Leigh Curyer, Chief Executive Officer, will follow the formal portion of the AGM, after which a question-and-answer session will be held. Participants of the webcast and teleconference facilities will be able to participate in the question-and-answer session following the formal part of the AGM and presentation.

Webcast and Conference Call Details
NexGen will host a webcast and conference call for the AGM and management presentation on Thursday, June 23, 2022 , at 2:00 p.m. (Pacific Time) .

Webcast Url:
https://produceredition.webcasts.com/starthere.jsp?ei=1550103&tp_key=c99fd7fe0f

Conference dial-in: Toronto: 416-764-8659
Vancouver : 778-383-7413
North American Toll Free: 1-888-664-6392
International Toll Free: Australia 1800076068 / Hong Kong 800962712
Conference ID:  31698720

To join the webcast, please copy the following link to your browser 5 – 10 minutes before the AGM start time, where you will be directed to join the webcast:

NexGen encourages shareholders to read the meeting materials, which have been filed on SEDAR ( www.sedar.com ) and are available on the Company's website at nexgenenergy.ca

Shareholder Information and Questions

NexGen shareholders who have questions about the Management Information Circular, or require assistance with voting their shares can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group:

Laurel Hill Advisory Group
North America Toll Free : 1-877-452-7184
Outside North America : 1-416-304-0211
Email: assistance@laurelhill.com

About NexGen

NexGen is a British Columbia corporation focused on the development of the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada, into production. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U 3 O 8 contained in 2.18 M tonnes grading 4.35% U 3 O 8 , Indicated Mineral Resources of 47.1 M lbs of U 3 O 8 contained in 1.57 M tonnes grading 1.36% U 3 O 8 , and Inferred Mineral Resources of 80.7 M lbs of U 3 O 8 contained in 4.40 M tonnes grading 0.83% U 3 O 8 .

NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.

Technical Disclosure

All technical information in this news release has been reviewed and approved by Anthony ( Tony) George , P.Eng., NexGen's Chief Project Officer, a qualified person under National Instrument 43-101.

A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website ( www.nexgenenergy.ca ).

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies.   Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC  Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated February 25, 2022 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws .

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SOURCE NexGen Energy Ltd.

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