Forum Energy Metals and Global Uranium Announce the Commencement of Drilling and Ground Geophysical Surveys on the Northwest Athabasca Project, Saskatchewan

Diamond drilling has commenced at the Zone 2A area, and SJ Geophysics has initiated ground EM and Resistivity surveys on the Spring Bay area on the Northwest Athabasca Project in Saskatchewan's Athabasca Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) (the "Company" or "Forum") and Global Uranium Corp. (CSE: GURN) (OTCQB: GURFF) (FSE: Q3J) ("Global") are pleased to announce that it has commenced its diamond drilling program, as well as ground geophysical surveys on the Northwest Athabasca (NWA) Project, located along the northwest shore of Lake Athabasca in Saskatchewan, Canada (Figure 1). Drilling will be focusing on the Zone 2A and Andy grid areas and SJ Geophysics will be conducting ground Time Domain Electromagnetic (TDEM) and Direct Current Induced Polarization (DCIP) surveys over the Spring Bay grid (Figure 2).

Global has an option to earn 51% interest in Forum's interest in the NWA Project by spending up to $9M over four years (see News Release dated May 30, 2024). Camp construction began in middle February and is now completed. Ongoing work with the local communities and First Nations will continue to be an important focus of the project as we move forward. Forum Energy Metals is the Operator of the Northwest Athabasca Project.

"The integration of historical geophysical datasets and legacy drill results gives us an advantage in identifying areas of high potential," stated Ungad Chadda, CEO of Global Uranium. "We are pleased that the Forum exploration team's knowledge and experience in Saskatchewan unconformity-style uranium deposits will shape the refined targeting strategy at the NWA Project, positioning us to unlock the site's full value potential."

Rick Mazur, CEO of Forum Energy Metals stated, "I am particularly proud of the Forum logistics team, the Athabasca Denesuline contractors and all contractors that have worked tirelessly for the last month to get a camp built and drill and supplies to site, since the ice road was constructed to Uranium City. Forum's geological team can now test the exceptional potential of the project."

Camp Construction, Ground Geophysics and Diamond Drilling

Camp construction is completed and is ready to support the upcoming exploration program. Supplies were brought into site largely by fixed wing aircraft using skis. A temporary ice road from Uranium City has been completed and additional fuel as well as the diamond drill and supplies were hauled to site. The drill program began on March 19 with Team Drilling as Forum's drill contractor. The objective of the diamond drilling program is to test the Andy and Zone 2A trends and if time and weather allows testing additional high-priority targets at Gomer and Spring Bay (Figure 2). SJ Geophysics began the ground geophysical program at the Spring Bay Grid on March 2 and the survey is projected to take approximately 3-4 weeks.

The Northwest Athabasca Project

The Northwest Athabasca Project is located along the northwest shore of Lake Athabasca on the margin of the Athabasca Basin 1,000 km north-northwest of Saskatoon. The western margin of the property is situated along the Alberta - Saskatchewan provincial border and the closest community is Uranium City, which is 75 km west of the project. The project consists of 11 contiguous mineral claims covering 13,876 ha.

Qualified Person

Rebecca Hunter, Ph.D., P.Geo., Forum's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

Quality Assurance and Quality Control

For a discussion of the QA/QC and data verification processes and procedures at the NWA Project, please see its technical report entitled "NI 43-101 on the Northwest Athabasca Project Northern Saskatchewan Centered at: Latitude 59°24'00" N, Longitude 109°54'00" W", with an effective date of June 27, 2024, which is available under the Global Uranium's profile at www.sedarplus.ca.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp./NexGen Energy Ltd./Cameco Corporation/Orano Canada Inc. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.

Figure 1 Location of the Northwest Athabasca Project along Lake Athabasca in northwestern Saskatchewan. The closest communities are Uranium City, Fond du Lac and Fort Chipewyan. The western margin of the property is located along the Alberta - Saskatchewan Border.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/245274_1a76f135846719f6_003full.jpg

Figure 2 The main uranium showings and drill target areas on the Northwest Athabasca Project. The residual gravity and EM conductors are shown as the background.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/245274_1a76f135846719f6_004full.jpg

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

Neither the 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.

For further information contact:

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245274

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Forum Energy Metals to Attend PDAC Convention March 2nd- 5th

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") will be attending the Prospectors and Developers Association of Canada's ("PDAC") Convention at the Metro Toronto Convention Centre, at Booth 2825 from Sunday March 2 to Wednesday March 5. Rick Mazur, President & CEO and Dr. Rebecca Hunter, Vice-President Exploration will be available to discuss the recently released drill results from the Company's Aberdeen Uranium project in Nunavut, Canada as well as plans for the upcoming 2025 exploration program. Allison Rippon-Armstrong, Vice-President Nunavut Affairs, and Richard Aksawnee, Manager of Nunavut Affairs will also be available to discuss our community relations outreach programs in Nunavut and upcoming events in the region.

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Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement. This is the first evidence of major unconformity-style uranium mineralization at the sandstonebasement contact in the Thelon Basin. These targets have the potential for the discovery of Tier One uranium deposits similar to those found in the Athabasca Basin.

HIGHLIGHTS

Hole	Sample	Lith	From_m	To_m	B_t_ppm	Cu_t_ppm	Mo_t_ppm	Ni_t_ppm	U_t_ppm
AYA24-011B	446439	SDST	27.00	29.00	230	2.4	0.23	4.7	2.75
AYA24-011B	446441	SDST	29.00	34.00	178	1.5	0.27	4.8	1.57
AYA24-011B	446442	SDST	34.00	34.30	152	1.5	0.18	7.8	2.46
AYA24-011B	446443	SDST	37.35	37.45	424	5.4	0.49	7.2	10.5
AYA24-011B	446444	SDST	39.00	43.60	266	2.8	0.18	7.4	4.09
AYA24-011B	446445	SDST	43.60	43.70	361	4.1	0.44	8.6	2.46
AYA24-011B	446446	SDST	49.00	59.00	243	1.8	1.15	12.2	1.18
AYA24-011B	446447	SDST	59.00	69.00	317	1.7	1.36	10.1	18.9
AYA24-011B	446448	SDST	69.00	72.20	388	1.7	0.47	10.4	4.7
AYA24-011B	446449	SDST	72.20	72.30	229	1.8	1.1	8.7	72.8
AYA24-011B	446451	SDST	74.00	74.40	819	3.5	1.46	14.9	14.7
AYA24-011B	446452	SMPL	79.00	79.10	846	3.3	0.56	24.4	3.46
AYA24-011B	446453	SMPL	89.00	89.10	408	8.5	0.64	7.8	2.32
AYA24-011B	446454	SMPL	99.00	99.10	1580	5.6	0.36	16.6	3.45
AYA24-011B	446455	MNZT	101.70	101.80	1340	4.8	0.58	34.4	130
AYA24-011B	446456	MNZT	109.50	109.60	897	4	0.89	19.5	154
AYA24-011B	446457	MNZT	114.70	115.20	1420	8.3	1.27	22.2	48.5
AYA24-011B	446458	MNZT	115.20	115.30	815	6.2	1.47	19.8	323
AYA24-011B	446459	MNZT	115.30	115.80	2090	9.6	1.68	24.5	24.6
AYA24-011B	446461	LAMP	119.00	119.10	801	3.2	0.19	6.2	3.25
AYA24-011B	446462	SMPL	129.00	129.10	1890	6.6	0.82	13.4	4.81
AYA24-011B	446463	SMPL	139.00	139.10	1400	6.8	1.1	14.5	7.96
AYA24-011B	446464	LAMP	149.00	149.10	225	3.8	0.24	4.2	1.28
AYA24-011B	446465	MNZT	159.00	159.10	581	3.8	0.19	9.9	6.04
AYA24-011B	446466	MNZT	169.00	169.10	425	2.8	0.82	21.1	6.83
LOK24-003	336831	SDST	15.60	19.00	109	1.4	0.09	2.3	2.62
LOK24-003	336832	SDST	19.00	29.00	128	1.3	0.15	2.1	1.27
LOK24-003	336833	SDST	29.00	39.00	120	1.2	0.26	2	1.58
LOK24-003	336834	SDST	39.00	49.00	153	1.7	0.17	2.2	1.33
LOK24-003	336835	SDST	49.00	59.00	160	1	0.24	2.6	6.7
LOK24-003	336836	SDST	59.00	69.00	149	1.4	0.33	2.9	19.6
LOK24-003	336837	SDST	69.00	74.05	180	1.1	0.17	2.6	4.06
LOK24-003	336838	SDST	74.05	74.15	124	2.9	0.16	3.2	3.09
LOK24-003	336840	SDST	75.30	75.40	668	5.1	0.38	8.5	23
LOK24-003	336841	SDST	79.00	87.50	202	3	0.15	3.6	6.99
LOK24-003	336842	SDST	87.50	87.60	159	8.5	0.09	2.9	1.13
LOK24-003	336843	SDST	89.00	99.00	201	2.8	0.13	3.5	5.9
LOK24-003	336844	SDST	99.00	102.30	348	2.2	0.14	2.8	7.39
LOK24-003	336845	SDST	102.30	107.60	404	1.3	0.1	3.3	1.48
LOK24-003	336846	SDST	107.60	107.70	206	1.1	0.62	2.7	36.6
LOK24-003	336847	SDST	112.00	121.20	310	1.2	0.13	3.3	5.56
LOK24-003	336848	SDST	121.20	121.30	186	1.3	0.1	2.6	0.61
LOK24-003	336849	SDST	121.60	122.15	576	1.4	0.17	3.4	1.34
LOK24-003	336850	SDST	122.15	122.70	386	1.6	0.56	4	28.3
LOK24-003	336795	SDST	122.70	122.95	354	1.6	0.74	4	18.4
LOK24-003	336796	SDST	122.95	123.20	444	1.4	0.1	3	2.48
LOK24-003	336797	SDST	123.20	124.00	533	2.4	0.21	3.7	5.01
LOK24-003	336798	SDST	124.00	124.50	346	1.4	0.44	3.1	14.5
LOK24-003	336799	SDST	127.60	127.80	531	1.8	0.39	2.8	32.3
LOK24-003	336800	SMPL	139.00	139.10	328	3.6	0.71	23	6.09

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Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement. This is the first evidence of major unconformity-style uranium mineralization at the sandstonebasement contact in the Thelon Basin. These targets have the potential for the discovery of Tier One uranium deposits similar to those found in the Athabasca Basin.

HIGHLIGHTS

Hole	Sample	Lith	From_m	To_m	B_t_ppm	Cu_t_ppm	Mo_t_ppm	Ni_t_ppm	U_t_ppm
AYA24-011B	446439	SDST	27.00	29.00	230	2.4	0.23	4.7	2.75
AYA24-011B	446441	SDST	29.00	34.00	178	1.5	0.27	4.8	1.57
AYA24-011B	446442	SDST	34.00	34.30	152	1.5	0.18	7.8	2.46
AYA24-011B	446443	SDST	37.35	37.45	424	5.4	0.49	7.2	10.5
AYA24-011B	446444	SDST	39.00	43.60	266	2.8	0.18	7.4	4.09
AYA24-011B	446445	SDST	43.60	43.70	361	4.1	0.44	8.6	2.46
AYA24-011B	446446	SDST	49.00	59.00	243	1.8	1.15	12.2	1.18
AYA24-011B	446447	SDST	59.00	69.00	317	1.7	1.36	10.1	18.9
AYA24-011B	446448	SDST	69.00	72.20	388	1.7	0.47	10.4	4.7
AYA24-011B	446449	SDST	72.20	72.30	229	1.8	1.1	8.7	72.8
AYA24-011B	446451	SDST	74.00	74.40	819	3.5	1.46	14.9	14.7
AYA24-011B	446452	SMPL	79.00	79.10	846	3.3	0.56	24.4	3.46
AYA24-011B	446453	SMPL	89.00	89.10	408	8.5	0.64	7.8	2.32
AYA24-011B	446454	SMPL	99.00	99.10	1580	5.6	0.36	16.6	3.45
AYA24-011B	446455	MNZT	101.70	101.80	1340	4.8	0.58	34.4	130
AYA24-011B	446456	MNZT	109.50	109.60	897	4	0.89	19.5	154
AYA24-011B	446457	MNZT	114.70	115.20	1420	8.3	1.27	22.2	48.5
AYA24-011B	446458	MNZT	115.20	115.30	815	6.2	1.47	19.8	323
AYA24-011B	446459	MNZT	115.30	115.80	2090	9.6	1.68	24.5	24.6
AYA24-011B	446461	LAMP	119.00	119.10	801	3.2	0.19	6.2	3.25
AYA24-011B	446462	SMPL	129.00	129.10	1890	6.6	0.82	13.4	4.81
AYA24-011B	446463	SMPL	139.00	139.10	1400	6.8	1.1	14.5	7.96
AYA24-011B	446464	LAMP	149.00	149.10	225	3.8	0.24	4.2	1.28
AYA24-011B	446465	MNZT	159.00	159.10	581	3.8	0.19	9.9	6.04
AYA24-011B	446466	MNZT	169.00	169.10	425	2.8	0.82	21.1	6.83
LOK24-003	336831	SDST	15.60	19.00	109	1.4	0.09	2.3	2.62
LOK24-003	336832	SDST	19.00	29.00	128	1.3	0.15	2.1	1.27
LOK24-003	336833	SDST	29.00	39.00	120	1.2	0.26	2	1.58
LOK24-003	336834	SDST	39.00	49.00	153	1.7	0.17	2.2	1.33
LOK24-003	336835	SDST	49.00	59.00	160	1	0.24	2.6	6.7
LOK24-003	336836	SDST	59.00	69.00	149	1.4	0.33	2.9	19.6
LOK24-003	336837	SDST	69.00	74.05	180	1.1	0.17	2.6	4.06
LOK24-003	336838	SDST	74.05	74.15	124	2.9	0.16	3.2	3.09
LOK24-003	336840	SDST	75.30	75.40	668	5.1	0.38	8.5	23
LOK24-003	336841	SDST	79.00	87.50	202	3	0.15	3.6	6.99
LOK24-003	336842	SDST	87.50	87.60	159	8.5	0.09	2.9	1.13
LOK24-003	336843	SDST	89.00	99.00	201	2.8	0.13	3.5	5.9
LOK24-003	336844	SDST	99.00	102.30	348	2.2	0.14	2.8	7.39
LOK24-003	336845	SDST	102.30	107.60	404	1.3	0.1	3.3	1.48
LOK24-003	336846	SDST	107.60	107.70	206	1.1	0.62	2.7	36.6
LOK24-003	336847	SDST	112.00	121.20	310	1.2	0.13	3.3	5.56
LOK24-003	336848	SDST	121.20	121.30	186	1.3	0.1	2.6	0.61
LOK24-003	336849	SDST	121.60	122.15	576	1.4	0.17	3.4	1.34
LOK24-003	336850	SDST	122.15	122.70	386	1.6	0.56	4	28.3
LOK24-003	336795	SDST	122.70	122.95	354	1.6	0.74	4	18.4
LOK24-003	336796	SDST	122.95	123.20	444	1.4	0.1	3	2.48
LOK24-003	336797	SDST	123.20	124.00	533	2.4	0.21	3.7	5.01
LOK24-003	336798	SDST	124.00	124.50	346	1.4	0.44	3.1	14.5
LOK24-003	336799	SDST	127.60	127.80	531	1.8	0.39	2.8	32.3
LOK24-003	336800	SMPL	139.00	139.10	328	3.6	0.71	23	6.09

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Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement. This is the first evidence of major unconformity-style uranium mineralization at the sandstonebasement contact in the Thelon Basin. These targets have the potential for the discovery of Tier One uranium deposits similar to those found in the Athabasca Basin.

HIGHLIGHTS

Hole	Sample	Lith	From_m	To_m	B_t_ppm	Cu_t_ppm	Mo_t_ppm	Ni_t_ppm	U_t_ppm
AYA24-011B	446439	SDST	27.00	29.00	230	2.4	0.23	4.7	2.75
AYA24-011B	446441	SDST	29.00	34.00	178	1.5	0.27	4.8	1.57
AYA24-011B	446442	SDST	34.00	34.30	152	1.5	0.18	7.8	2.46
AYA24-011B	446443	SDST	37.35	37.45	424	5.4	0.49	7.2	10.5
AYA24-011B	446444	SDST	39.00	43.60	266	2.8	0.18	7.4	4.09
AYA24-011B	446445	SDST	43.60	43.70	361	4.1	0.44	8.6	2.46
AYA24-011B	446446	SDST	49.00	59.00	243	1.8	1.15	12.2	1.18
AYA24-011B	446447	SDST	59.00	69.00	317	1.7	1.36	10.1	18.9
AYA24-011B	446448	SDST	69.00	72.20	388	1.7	0.47	10.4	4.7
AYA24-011B	446449	SDST	72.20	72.30	229	1.8	1.1	8.7	72.8
AYA24-011B	446451	SDST	74.00	74.40	819	3.5	1.46	14.9	14.7
AYA24-011B	446452	SMPL	79.00	79.10	846	3.3	0.56	24.4	3.46
AYA24-011B	446453	SMPL	89.00	89.10	408	8.5	0.64	7.8	2.32
AYA24-011B	446454	SMPL	99.00	99.10	1580	5.6	0.36	16.6	3.45
AYA24-011B	446455	MNZT	101.70	101.80	1340	4.8	0.58	34.4	130
AYA24-011B	446456	MNZT	109.50	109.60	897	4	0.89	19.5	154
AYA24-011B	446457	MNZT	114.70	115.20	1420	8.3	1.27	22.2	48.5
AYA24-011B	446458	MNZT	115.20	115.30	815	6.2	1.47	19.8	323
AYA24-011B	446459	MNZT	115.30	115.80	2090	9.6	1.68	24.5	24.6
AYA24-011B	446461	LAMP	119.00	119.10	801	3.2	0.19	6.2	3.25
AYA24-011B	446462	SMPL	129.00	129.10	1890	6.6	0.82	13.4	4.81
AYA24-011B	446463	SMPL	139.00	139.10	1400	6.8	1.1	14.5	7.96
AYA24-011B	446464	LAMP	149.00	149.10	225	3.8	0.24	4.2	1.28
AYA24-011B	446465	MNZT	159.00	159.10	581	3.8	0.19	9.9	6.04
AYA24-011B	446466	MNZT	169.00	169.10	425	2.8	0.82	21.1	6.83
LOK24-003	336831	SDST	15.60	19.00	109	1.4	0.09	2.3	2.62
LOK24-003	336832	SDST	19.00	29.00	128	1.3	0.15	2.1	1.27
LOK24-003	336833	SDST	29.00	39.00	120	1.2	0.26	2	1.58
LOK24-003	336834	SDST	39.00	49.00	153	1.7	0.17	2.2	1.33
LOK24-003	336835	SDST	49.00	59.00	160	1	0.24	2.6	6.7
LOK24-003	336836	SDST	59.00	69.00	149	1.4	0.33	2.9	19.6
LOK24-003	336837	SDST	69.00	74.05	180	1.1	0.17	2.6	4.06
LOK24-003	336838	SDST	74.05	74.15	124	2.9	0.16	3.2	3.09
LOK24-003	336840	SDST	75.30	75.40	668	5.1	0.38	8.5	23
LOK24-003	336841	SDST	79.00	87.50	202	3	0.15	3.6	6.99
LOK24-003	336842	SDST	87.50	87.60	159	8.5	0.09	2.9	1.13
LOK24-003	336843	SDST	89.00	99.00	201	2.8	0.13	3.5	5.9
LOK24-003	336844	SDST	99.00	102.30	348	2.2	0.14	2.8	7.39
LOK24-003	336845	SDST	102.30	107.60	404	1.3	0.1	3.3	1.48
LOK24-003	336846	SDST	107.60	107.70	206	1.1	0.62	2.7	36.6
LOK24-003	336847	SDST	112.00	121.20	310	1.2	0.13	3.3	5.56
LOK24-003	336848	SDST	121.20	121.30	186	1.3	0.1	2.6	0.61
LOK24-003	336849	SDST	121.60	122.15	576	1.4	0.17	3.4	1.34
LOK24-003	336850	SDST	122.15	122.70	386	1.6	0.56	4	28.3
LOK24-003	336795	SDST	122.70	122.95	354	1.6	0.74	4	18.4
LOK24-003	336796	SDST	122.95	123.20	444	1.4	0.1	3	2.48
LOK24-003	336797	SDST	123.20	124.00	533	2.4	0.21	3.7	5.01
LOK24-003	336798	SDST	124.00	124.50	346	1.4	0.44	3.1	14.5
LOK24-003	336799	SDST	127.60	127.80	531	1.8	0.39	2.8	32.3
LOK24-003	336800	SMPL	139.00	139.10	328	3.6	0.71	23	6.09

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Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

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

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that it has secured drill contractors and scheduled a start date of June 1 st 2025 for the previously announced drill programs to advance the Ivana Uranium-Vanadium Project (the " Project "). As reported on May 14, 2025 Blue Sky's joint-venture operating company Ivana Minerales S.A., (" JVCO ", a partnership with Abatare Spain, S.L.U.) has planned a two-phase drilling campaign. The first phase will focus on infill drilling at the Ivana deposit, while the subsequent second phase will test satellite targets. The entire campaign is expected to last approximately five months.

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Purepoint Uranium Announces Flow-Through Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced a non-brokered private placement (the "Offering") of up to 4,347,826 flow-through units (the "Flow-Through Units") at a price of $0.23 per unit for aggregate gross proceeds up to $1,000,000. Each Flow-Through Unit consists of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "Flow-Through Share") and one-half (12) of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share of the Company (each a "Warrant Share") at an exercise price of $0.30 per share for a period of 24 months from the date of issuance. Red Cloud Securities Inc. is acting as a finder in connection with the offering.

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Baselode Reports Shallow Uranium Results from Summer 2024 Drill Program

Six drill holes expand shallow uranium mineralization footprint in Pod 1 (i.e., within 50 metres from surface), eleven drill holes confirmed uranium starting within 100 metres from surface in three Pods

Shallow uranium mineralization updip of Pod 7 remains largely untested and requires further follow-up drilling

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to release uranium ("U3O8") assay results from all 28 drill holes of the 2024 drill program on the ACKIO prospect area ("ACKIO") in the Athabasca Basin ("Basin") area of northern Saskatchewan (Figure 1).

"We're especially encouraged with 6 drill holes intersecting uranium within 50 m from surface and 11 drill holes within 100 m from surface. These shallow mineralization results continue to demonstrate ACKIO's unique advantage in the Basin area with easily accessible, near-surface uranium. Last year's summer drill program successfully defined more shallow uranium mineralization to the north and south of our shallowest uranium zone, Pod 1. Uranium at the overburden-bedrock contact still remains open to the south and north.

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Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that mobilization is underway for the upcoming summer uranium drill program at its Dorado Project, part of the Purepoint-IsoEnergy Joint Venture in Saskatchewan's eastern Athabasca Basin. Drilling is scheduled to commence on or about May 26, 2025.

The Dorado Project covers over 150 kilometres of discreet electromagnetic (EM) conductors that lie within the Dorado Graphitic Domain-a structurally controlled package of conductive, graphite-rich rocks (Figure 1). The Dorado Domain encompasses the northeastern extension of the Larocque Trend, a highly prospective structural corridor that hosts multiple high-grade uranium deposits and occurrences, including IsoEnergy's Hurricane Deposit-recognized as the world's highest-grade published indicated uranium resource, with 48.6 million pounds at 34.5% U₃O₈ (https://www.isoenergy.ca/featured-project/). At Dorado, these graphitic rocks bifurcate and wrap around a granitic dome that is considered an important component in the original plumbing system that once directed the flow of uranium-bearing hydrothermal fluids.

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Hole ID	Target	Easting	Northing	Elev.	Depth	U/C	Orient.	Comment
AYA24-011	Ayra	528196	7131911	127	29	lost	-70° / 140°	Hole lost in overburden.
AYA24-011B		528196	7131911	127	173	79.0	-65° / 145°	Elevated U in sandstone up to 72.3 ppm U; 323 ppm U in the basement; 2,000 ppm B in the basement.
AYA24-012		528196	7131911	127	203	77.6	-75° / 148°	Elevated U in sandstone up to 41.1 ppm U; 260 ppm U in the basement; 1,230 ppm B in the basement.
AYA24-013		528162	7131929	126	266	120.3	-61° / 323°	Weakly anomalous U in sandstone up to 2.64 ppm U.
LOK24-003	Loki	539212	7139106	159	140	130.7	-86° / 330°	Elevated U in sandstone up to 36.6 ppm U; 668 ppm B total in the sandstone.
NED24-002	Ned	555747	7146154	183	197	lost	-76° / 319°	Lost at 197.5 m in layered quartz unit near unconformity.
NED24-003		555727	7146166	181	56	lost	-81° / 314°	Lost at 56.1 m in the sandstone.
NED24-004		555727	7146166	181	314	202.9	-78° / 309°	Up to 2.65 ppm U l and 836 ppm B in the sandstone.
NED24-005		555557	7146279	179	272	217.9	-80° / 314°	Up to 4.14 ppm U and 320 ppm B in the sandstone.

Hole ID	Target	Easting	Northing	Elev.	Depth	U/C	Orient.	Comment
AYA24-011	Ayra	528196	7131911	127	29	lost	-70° / 140°	Hole lost in overburden.
AYA24-011B		528196	7131911	127	173	79.0	-65° / 145°	Elevated U in sandstone up to 72.3 ppm U; 323 ppm U in the basement; 2,000 ppm B in the basement.
AYA24-012		528196	7131911	127	203	77.6	-75° / 148°	Elevated U in sandstone up to 41.1 ppm U; 260 ppm U in the basement; 1,230 ppm B in the basement.
AYA24-013		528162	7131929	126	266	120.3	-61° / 323°	Weakly anomalous U in sandstone up to 2.64 ppm U.
LOK24-003	Loki	539212	7139106	159	140	130.7	-86° / 330°	Elevated U in sandstone up to 36.6 ppm U; 668 ppm B total in the sandstone.
NED24-002	Ned	555747	7146154	183	197	lost	-76° / 319°	Lost at 197.5 m in layered quartz unit near unconformity.
NED24-003		555727	7146166	181	56	lost	-81° / 314°	Lost at 56.1 m in the sandstone.
NED24-004		555727	7146166	181	314	202.9	-78° / 309°	Up to 2.65 ppm U l and 836 ppm B in the sandstone.
NED24-005		555557	7146279	179	272	217.9	-80° / 314°	Up to 4.14 ppm U and 320 ppm B in the sandstone.

Hole ID	Target	Easting	Northing	Elev.	Depth	U/C	Orient.	Comment
AYA24-011	Ayra	528196	7131911	127	29	lost	-70° / 140°	Hole lost in overburden.
AYA24-011B		528196	7131911	127	173	79.0	-65° / 145°	Elevated U in sandstone up to 72.3 ppm U; 323 ppm U in the basement; 2,000 ppm B in the basement.
AYA24-012		528196	7131911	127	203	77.6	-75° / 148°	Elevated U in sandstone up to 41.1 ppm U; 260 ppm U in the basement; 1,230 ppm B in the basement.
AYA24-013		528162	7131929	126	266	120.3	-61° / 323°	Weakly anomalous U in sandstone up to 2.64 ppm U.
LOK24-003	Loki	539212	7139106	159	140	130.7	-86° / 330°	Elevated U in sandstone up to 36.6 ppm U; 668 ppm B total in the sandstone.
NED24-002	Ned	555747	7146154	183	197	lost	-76° / 319°	Lost at 197.5 m in layered quartz unit near unconformity.
NED24-003		555727	7146166	181	56	lost	-81° / 314°	Lost at 56.1 m in the sandstone.
NED24-004		555727	7146166	181	314	202.9	-78° / 309°	Up to 2.65 ppm U l and 836 ppm B in the sandstone.
NED24-005		555557	7146279	179	272	217.9	-80° / 314°	Up to 4.14 ppm U and 320 ppm B in the sandstone.

DDH	Target	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 counts-per-second, cps)	Assay Results (>0.05 wt% U₃O₈)
AK24-117*	Pod 8	526142	6372902	465	90	-75	227	368 cps over 0.45 m at 74.4 m	0.09% over 0.45 m at 74.4 m
	Pod 8							301 cps over 1.8 m at 108.3 m	No significant results
	Pod 8							409 cps over 6.25 m at 117.25 m	0.07% over 0.5 m at 118.0 m 0.06% over 1.0 m at 121.5 m
	Pod 6							426 cps over 12.55 m at 128.1 m	0.07% over 7.5 m at 128.5 m 0.05% over 1.5 m at 139.0 m
	Pod 6							327 cps over 6.4 m at 145.2 m	0.11% over 1.0 m at 145.5 m
	Pod 6							399 cps over 0.65 m at 160.95 m	0.08% over 0.5 m at 161.0 m
AK24-118*	Pod 8	526142	6372902	465	118	-71	257	456 cps over 0.8 m at 89.3 m	0.15% over 0.9 m at 89.2 m
	Pod 8							350 cps over 0.5 m at 92.7 m	0.09% over 0.3 m at 92.7 m
	Pod 8							392 cps over 2.6 m at 119.1 m	0.09% over 1.1 m at 119.4 m
	Pod 8							315 cps over 3.1 m at 131.8 m	No significant results
	Pod 6							1,115 cps over 13.3 m at 149.3 m	0.06% over 0.5 m at 149.5 m 0.59% over 8.5 m at 153.0 m
	Pod 6						includes		0.72% over 6.0 m at 154.0 m
AK24-119*	Pod 6	526133	6372907	463	65	-75	230	300 cps over 8.5 m at 109.5 m	0.07% over 0.5 m at 104.5 m
	Pod 6							907 cps over 34.05 m at 131.1 m	0.28% over 21.0 m at 141.0 m
	Pod 6						includes	9,173 cps over 0.4 m at 144.6 m	1.36% over 2.0 m at 143.0 m
	Pod 6						and includes		0.51% over 0.5 m at 152.0 m
AK24-120	Exploration - Depth	526210	6373081	464	270	-70	512	No significant results
AK24-121	Exploration - Depth	526317	6372980	465	270	-70	452	No significant results
AK24-122	Exploration - Depth	526360	6372880	467	270	-70	446	No significant results
AK24-123	Exploration - SE Strike	526450	6372680	467	270	-65	369	No significant results
AK24-124	Exploration - UC	526335	6372730	466	90	-90	200	No significant results
AK24-125	Exploration - UC	526335	6372730	466	90	-60	332	495 cps over 0.3 m at 132.75 m	0.05% over 0.55 m at 132.5 m
AK24-126	Exploration - UC	526342	6372830	467	90	-70	269	No significant results
AK24-127	Exploration - UC	526362	6372928	467	90	-80	215	330 cps over 0.15 m at 53.4 m	No significant results
	Exploration - UC							330 cps over 0.1 m at 55.9 m	No significant results
	Exploration - UC							320 cps over 0.25 m at 115.75 m	No significant results
AK24-128	Pod 1 NW	526062	6373080	466	270	-60	200	302 cps over 1.85 m at 47.7 m	No significant results
	Pod 1 NW							370 cps over 0.1 m at 50.0 m	No significant results
	Pod 1 NW							300 cps over 0.6 m at 50.65 m	No significant results
	Pod 1 NW							310 cps over 0.15 m at 58.6 m	No significant results
	Pod 1 NW							460 cps over 0.1 m at 59.1 m	0.05% over 0.5 m at 59.0 m
	Pod 1 NW							300 cps over 0.2 m at 62.9 m	No significant results
	Pod 7 NW							418 cps over 0.9 m at 109.05 m	0.07% over 0.5 m at 109.0 m
AK24-129	Exploration - UC	526231	6372800	467	270	-90	188	324 cps over 0.65 m at 80.65 m	No significant results
AK24-130	Exploration - SE Strike	526453	6372383	468	250	-60	281	No significant results
AK24-131	Pod 8	526135	6372836	465	76	-65	242	No significant results
AK24-132	Pod 8	526135	6372836	464	76	-59	218	No significant results	0.05% over 0.1 m at 156.5 m
AK24-133	Pod 8	526124	6372879	465	90	-60	224	397 cps over 1.10 m at 112.4 m	0.08% over 1.0 m at 112.5 m
	Pod 8							341 cps over 0.55 m at 116.7 m	0.06% over 2.0 m at 116.5 m
	Pod 8							350 cps over 0.8 m at 120.3 m	No significant results
	Pod 8							396 cps over 11.65 m at 128.95 m	0.09% over 11.5 m at 130.5 m
	Pod 6							444 cps over 1.2 m at 155.5 m	0.07% over 1.0 m at 155.5 m
AK24-134	Pod 1	526091	6372933	463	267	-50	191	386 cps over 6.05 m at 53.2 m	0.10% over 1.5 m at 53.5 m 0.16% over 1.0 m at 56.5 m
	Between Pod 1 & Pod 7							400 cps over 0.5 m at 74.0 m	0.12% over 1.25 m at 74.0 m
	Pod 7							1,035 cps over 11.0 m at 101.3 m	0.17% over 9.0 m at 103.0 m
	Pod 7						includes	6,621 cps over 0.7 m at 103.9 m	1.07% over 0.5 m at 104.0 m
	Pod 7							400 cps over 0.05 m at 129.2 m	0.06% over 0.05 m at 129.2 m
	Pod 7							500 cps over 4.75 m at 131.9 m	0.10% over 3.0 m at 132.0 m
	Pod 7							6,344 cps over 0.3 m at 138.9 m	0.43% over 1.0 m at 138.5 m
	Pod 7						includes		0.65% over 0.5 m at 139.0 m
AK24-135B	Pod 1	526091	6372932	463	267	-50	185	410 cps over 0.6 m at 41.6 m	0.09% over 0.7 m at 41.5 m
	Pod 1							478 cps over 0.4 m at 44.0 m 417 cps over 1.55 m at 47.0 m	0.05% over 6.5 m at 44.0 m¹
	Between Pod 1 & Pod 7							442 cps over 0.6 m at 53.3 m	0.06% over 1.0 m at 53.0 m
	Between Pod 1 & Pod 7							465 cps over 0.2 m at 55.9 m	0.06% over 0.5 m at 56.0 m
	Pod 7							438 cps over 1.25 m at 89.45 m	0.10% over 1.65 m at 89.35 m
	Pod 7							983 cps over 28.65 m at 98.2 m	0.18% over 28.0 m at 98.0 m
	Pod 7						includes		0.55% over 0.5 m at 99.5 m
							and includes	5,920 cps over 0.15 m at 123.1 m	0.57% over 0.5 m at 123.0 m
	Pod 7							623 cps over 0.6 m at 156.3 m	No significant results
AK24-136	Pod 1	526091	6372932	463	245	-55	208.5	380 cps over 0.2 m at 50.4 m	0.05% over 0.4 m at 50.2 m
	Pod 1							414 cps over 0.75 m at 56.7 m	0.10% over 1.0 m at 56.5 m
	Between Pod 1 & Pod 7							366 cps over 4.6 m at 74.0 m	0.11% over 3.5 m at 74.0 m²
	Pod 7							328 cps over 6.3 m at 103.8 m	0.06% over 0.5 m at 103.5 m 0.05% over 0.5 m at 105.5 m 0.06% over 0.5 m at 109.0 m
	Pod 7							800 cps over 5.15 m at 113.5 m	0.12% over 4.5 m at 114.5 m
	Pod 7						includes	10,455 cps over 0.2 m at 118.45 m	0.59% over 0.55 m at 118.45 m
	Pod 7							320 cps over 0.05 m at 125.9 m	No significant results
	Pod 7							471 cps over 0.45 m at 129.4 m	0.07% over 0.5 m at 129.5 m
	Pod 7							No significant results	0.05% over 0.5 m at 135.0 m
AK24-137	Pod 1	526091	6372932	463	241	-69	191	1,236 cps over 8.95 m at 37.35 m	0.38% over 9.15 m at 37.35 m³
	Pod 1						includes	5,827 cps over 0.2 m at 39.35 m	0.68% over 4.25 m at 39.0 m
	Pod 1							325 cps over 3.4 m at 50.5 m	0.12% over 0.5 m at 50.5 m 0.07% over 0.5 m at 53.0 m
	Pod 1							330 cps over 0.15 m at 58.85 m	No significant results
	Between Pod 1 & Pod 7							302 cps over 4.4 m at 96.55 m	0.05% over 0.5 m at 96.5 m
	Between Pod 1 & Pod 7							365 cps over 3.4 m at 105.25 m	0.06% over 0.5 m at 107.5 m
	Pod 7							380 cps over 0.1 m at 120.35 m	No significant results
	Pod 7							684 cps over 0.3 m at 124.7 m	0.06% over 0.5 m at 124.5 m
	Pod 7							1,272 cps over 13.3 m at 127.5 m	0.28% over 9.0 m at 129.0 m
	Pod 7						includes	5,000 cps over 0.2 m at 130.1 m	0.51% over 0.5 m at 130.0 m
	Pod 7						and includes	7,000 cps over 0.05 m at 132.1 m	0.55% over 2.0 m at 132.5 m
	Pod 7						and includes	5,600 cps over 0.85 m at 132.7 m
	Pod 7						and includes	10,600 cps over 0.1 m at 134.55 m
	Pod 7							1,122 cps over 4.85 m at 142.9 m	0.16% over 4.0 m at 142.5 m
	Pod 7						includes	5,600 cps over 0.25 m at 143.15 m
	Pod 7						and includes	6,500 cps over 0.1 m at 146.15 m
	Pod 7							1,063 cps over 1.45 m at 150.65 m	No significant results
	Pod 7						includes	10,000 cps over 0.1 m at 150.65 m	0.40% over 0.5 m at 150.5 m
AK24-138	Pod 7	526060	6372968	462	251	-60	152	388 cps over 11.2 m at 64.85 m	0.09% over 10.5 m at 64.5 m⁴
	Pod 7							905 cps over 26.5 m at 79.55 m	0.19% over 23.0 m at 81.5 m
	Pod 7						includes	7,000 cps over 0.1 m at 89.05 m	0.58% over 0.5 m at 89.0 m
	Pod 7						and includes	6,300 cps over 0.1 m at 96.4 m
	Pod 7						and includes	5,500 cps over 0.1 m at 97.55 m	0.65% over 0.5 m at 97.5 m
	Pod 7						and includes	5,290 cps over 0.6 m at 101.5 m	1.00% over 1.0 m at 101.0 m
	Pod 7							454 cps over 0.75 m at 108.35 m	No significant results
	Pod 7							738 cps over 0.8 m at 111.95 m	0.23% over 0.5 m at 112.0 m
AK24-139	Pod 7	526060	6372968	462	281	-45	179	No significant results	0.37% over 0.25 m at 41.25 m
								369 cps over 0.85 m at 62.15 m	0.11% over 0.5 m at 62.0 m
	Pod 7							300 cps over 0.4 m at 65.0 m	No significant results
	Pod 7							664 cps over 24.7 m at 68.45 m	0.11% over 22.0 m at 70.5 m
	Pod 7							305 cps over 0.05 m at 96.35 m	No significant results
	Pod 7							495 cps over 0.1 m at 98.25 m	No significant results
	Pod 7							388 cps over 0.2 m at 101.45 m	No significant results
	Pod 7							360 cps over 0.1 m at 134.45 m	No significant results
	Pod 7							380 cps over 0.15 m at 137.9 m	No significant results
AK24-140	Pod 7 NW	525979	6373079	461	80	-65	275	360 cps over 0.4 m at 82.3 m	No significant results
	Pod 7 NW							320 cps over 1.6 m at 88.9 m	No significant results
	Pod 7 NW							350 cps over 0.25 m at 92.75 m	No significant results
	Pod 7 NW							300 cps over 0.6 m at 99.9 m	No significant results
AK24-141	Pod 7 NW	525979	6373079	461	93	-76	365	988 cps over 1.65 m at 91.8 m	0.11% over 2.0 m at 91.5 m
	Pod 1 NW							340 cps over 0.1 m at 180.7 m	No significant results
	Pod 9							300 cps over 0.2 m at 271.4 m	No significant results
	Pod 9							360 cps over 0.2 m at 272.95 m	No significant results
	Pod 9							310 cps over 0.15 m at 274.3 m	No significant results
AK24-142	Pod 7 NW	525979	6373091	462	85	-78	344	300 cps over 0.15 m at 68.0 m	No significant results
	Pod 7 NW							458 cps over 1.35 m at 77.25 m	0.07% over 0.5 m at 77.0 m 0.06% over 0.5 m at 78.5 m
	Pod 1 NW							550 cps over 0.1 m at 102.1 m	No significant results
	Pod 1 NW							440 cps over 0.1 m at 112.25 m	No significant results
	Pod 1 NW							757 cps over 0.2 m at 114.1 m	No significant results
	Pod 1 NW							500 cps over 0.15 m at 116.45 m	No significant results
	Pod 9							300 cps over 0.2 m at 135.6 m	No significant results
	Pod 9							374 cps over 0.45 m at 184.0 m	No significant results
	Pod 9							380 cps over 0.2 m at 184.8 m	No significant results
	Pod 9							400 cps over 0.1 m at 185.4 m	No significant results
	Pod 2 NW							347 cps over 0.45 m at 276.2 m	No significant results
	Pod 2 NW							300 cps over 0.5 m at 312.75 m	No significant results
AK24-143	Pod 1	526101	6373029	463	265	-55	221	330 cps over 0.45 m at 46.9 m	No significant results
	Pod 1							397 cps over 21.25 m at 59.5 m	0.12% over 11.8 m at 65.2 m⁵
	Pod 1							300 cps over 0.1 m at 90.3 m	No significant results
	Pod 1							360 cps over 0.3 m at 97.7 m	0.06% over 0.6 m at 97.5 m
	Pod 1							300 cps over 0.15 m at 101.0 m	No significant results
	Pod 7							453 cps over 0.3 m at 123.6 m	No significant results
	Between Pod 1 & Pod 7							330 cps over 2.1 m at 125.7 m	0.10% over 1.0 m at 126.0 m
	Between Pod 1 & Pod 7							450 cps over 0.5 m at 130.75 m	0.05% over 0.5 m at 130.5 m
	Between Pod 1 & Pod 7							344 cps over 4.35 m at 136.1 m	0.08% over 2.0 m at 136.0 m
	Pod 7 NW							300 cps over 0.2 m at 152.6 m	No significant results
	Pod 7 NW							380 cps over 0.25 m at 153.65 m	0.06% over 4.5 m at 153.5 m⁶
	Pod 7 NW							388 cps over 3.35 m at 155.65 m	0.06% over 4.5 m at 153.5 m⁶
AK24-144	Pod 1	526080	6373029	463	265	-55	200	500 cps over 0.25 m at 44.5 m	No significant results
	Pod 1							375 cps over 10.45 m at 50.0 m	0.12% over 9.0 m at 51.5 m⁷
							includes		0.69% over 0.5 m at 54.0 m
	Pod 1							300 cps over 0.1 m at 64.4 m	No significant results
	Pod 1							300 cps over 0.1 m at 65.3 m	No significant results
	Between Pod 1 & Pod 7							800 cps over 0.3 m at 98.75 m	0.13% over 1.0 m at 98.5 m
	Pod 7 NW							350 cps over 0.55 m at 142.3 m	0.10% over 1.0 m at 142.0 m
28 DDH							7,373 m	19 DDH	17 DDH

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Forum Energy Metals and Global Uranium Announce the Commencement of Drilling and Ground Geophysical Surveys on the Northwest Athabasca Project, Saskatchewan

Global Uranium and Forum Energy Metals Announce the Commencement of Drilling and Ground Geophysical Surveys on the Northwest Athabasca Project, Saskatchewan

Forum Energy Metals to Attend PDAC Convention March 2nd- 5th

Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Uranium Announces Flow-Through Private Placement

Baselode Reports Shallow Uranium Results from Summer 2024 Drill Program

Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin

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