GoviEx Announces Positive Results from Completed Falea Copper-Silver-Uranium Exploration Program

  • 6,002 m drill program completed in 2022 expanded potential for uranium mineralisation

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or the "Company") is pleased to announce the results of the 2022 drilling program at its 100% owned polymetallic copper-silver-uranium Falea Project in Mali.

The Falea Project located in western Mali contains 31 Mlb U3O8, and also reports an average copper and silver grades of 0.2% and 42 g/t respectively.1, 2 The Falea Project includes three exploration licenses, namely Falea, Bala and Madini, with current mineral resources being solely within the Falea license. The Falea Project is positioned on strike with two major gold trends.

During the first and second quarters of 2022, the Company undertook a diamond drilling program that totalled 6,002 meters of NQ sized diamond core over 12 drill holes. A total of 10 drill holes, totalling 5,201 meters were completed on the Falea licence and 2 drill holes for 800 meters on the Bala licence.

Highlights from the drilling program include:

  • Potential to expand uranium mineralisation
  • Copper mineralisation expands beyond uranium mineralisation into higher sediments structures
  • IP defines structures that drive uranium-copper mineralisation providing a better targeting tool
  • Gold mineralisation in the Birimian but limited zone next to the Road Fault

Commenting on the results, Govind Friedland, Executive Chairman, said, "We are extremely excited with the results from our 2022 drilling program at our Falea Project, which continues to show promising potential. The IP data, analyzed by Computational Geosciences - the global leader in geophysical data interpretation, shows targets with a strong correlation with known uranium mineralization, which means we now have a clear roadmap of targets for our next drilling program. Falea is clearly a compelling and highly prospective assetI and we look forward to expanding our exploration program, particularly now that we can focus our efforts in the most prospective areas."

The drill program was designed to target mineralisation in the Birimian rocks below the sedimentary mineralisation based on Induced Polarisation (IP) targets, and evidence from historical drill cores already reported copper and gold mineralisation. Within Falea license three separate structural targets, were defined (see figure1):

  • Zone 1 (DF923 - DF926) targeted the Road Fault in the Falea North
  • Zone 2 (DF927 - DF930) targeted the North West trend
  • Zone 3 (DF931 - DF932) focused on Road Fault between Falea North and Central

The results from Zone 1 intersected the Road Fault and highlighted the faulting and repetition of the geology in the area. The results show:

  • The potential gold mineralisation along and close to the Road Fault, with a number to interesting assay results including 1.62 meters at 3.30 g/t, 1 meter at 2.32 meters at 2.32 g/t and 2 meters at 1.08 g/t (see table).
  • Uranium results confirmed mineralisation in the Upper North and North Deep deposits
  • Strong correlation between copper and uranium mineralisation within the sedimentary sequence. Historical and hence current practices have only started sampling from just above the Kania Sandstone (KS) formation which hosts most of the uranium mineralisation. The potential for copper in the overlying ASK and underlying VC formations needs to be considered in future work, and this may expand the thickness of the mineralised zone.

The results from Zones 2 and 3 are very interesting from the perspective of future uranium exploration on the Falea licence, although they did not intersect any major mineralization in the Birimian. These results show that the gradient IP can be useful for mapping the major structures that support uranium and copper mineralisation. There is a strong correlation of copper mineralisation with high IP response, and consequently with uranium, as copper and uranium tend to occur together over most of the Falea deposit (see figure 2). Several target zones have been identified based on this relationship, which will be taken into consideration for the Company's next drilling campaign.

In Zone 3 the drilling results and the gradient IP clearly show that the Road Faults positioning has historically been misinterpreted and that it should expected to be positioned between the recent drill holes DF-931 and DF-932, with the later drill hole reporting 2 meters at 7,260 ppm copper and 42 g/t silver. As a result of this finding, the exploration potential of this area will be re-assessed, with the potential to connect the Falea North and Central deposits.

The two drill holes completed over the Bala licence (see figure 4) were drilled along the IP section, and the drill holes were orientated westward targeting expected structures that were assumed to be in a similar orientation to the Road Fault. The results from Zone 2 and 3 indicate that future Bala exploration should consist of expanding the IP survey area and target future drilling onto the IP highs.

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Figure 1: Drill hole location map and outline of mineral resources

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Figure 2: Section DF-923 and DF-925

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Figure 3: Falea Drill holes, gradient IP and copper grade thickness contours

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Figure 4: Bala gradient IP and drill holes

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Drilling Mineralization highlights

Hole Number From
(m)
To (m)Interval
(m)
U (ppm)Cu
(ppm)
Ag (g/t)Au
(ppm)
Rock Type
Zone 1
DF-92322222312160ASK
DF-9232252261489
DF-92322622712430KS
DF-92322822915440KI/VC
DF-92324624710,54Schist
DF-923269,5271,121.623,30Schist
DF-92328328413270ASK
DF-92328428514160ASK/KS
DF-92329829914440ASK
DF-92329930012220ASK/KS
DF-92330530614540KS/KI
DF-92421021116640ASK
DF-92421121212310ASK/KS
DF-92427427512,32Greywacke
DF-92427928010,59Greywacke
DF-92521421512920KS
DF-92526726911,08Greywacke
DF-92620220313620ASK
DF-9262032041302042,9KS
DF-9262102111411KS
DF-92635235310,50Schist
Zone 2
DF-92719719813930ASK
DF-92719819913370ASK/KS
DF-9272002011996322KS
DF-927201202158628,7KS
DF-92721821910,68Greywacke
DF-927207207,50,58665220496KS/KI
DF-927207,5208,51495028,9KI/VC
DF-92820420515040ASK
DF-92821321416920KI
DF-92925025110,58Schist
DF-9302332341500KS
DF-9302352361347Ks
Zone 3
DF-9312492501979052.6VC
DF-9312502511473030.8VC

 

Qualified Person Statement

The scientific and technical information in this release has been reviewed, verified, and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of the Company, a Qualified Person as defined in Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101").

Technical Notes

All cores were geologically logged by the Company's geologists at the Falea Project using geological best practice. The core intervals of interest within the Taoudeni Basin sequence were selected based on the presence of radioactivity measured using a RS120 scintillometer. The usual core length of 1 meter was selected, with minimum core length of 0.5 meter where applicable. For the Birimian sequence, the entire length was selected for sampling and analysis.

The samples were halved using a core saw, labelled, and put into plastic bags to be sent to ALS laboratories in Bamako, Mali for prepping. The pulps were then sent to the ALS laboratories in Johannesburg, RSA for 48 element analysis using ICP-MS (ME-MS61) and to their laboratories in Burkina Faso for gold assays using fire assay (AU-AA26).

QAQC methodology was followed by introducing Blanks, duplicates and Standards at regular intervals.

Drill hole locations

HoleIDEastNorthRL(m)AzimuthDipDepth (m)
DF-9232509451360197467270-75400
DF-9242509801360324493270-75500,38
DF-9252510011360197463270-75500
DF-9262510291360322470270-75500
DF-9272512851360483488150-75600
DF-9282514311360370482150-75500
DF-9292515471359951491330-75500,33
DF-9302517361360064521330-75600
DF-9312512341359401483250-75550,33
DF-9322508591359267476250-75550,45
BF-0232537191353401304240-75400,16
BF-0242533821353193324240-75400,23

 

Notes:

(1) See the technical report titled, "Technical Report on the Falea Uranium, Silver and Copper Deposit, Mali, West Africa" prepared by Roscoe Postle Associates Inc. for Denison Mines Corp., October 26, 2015.

(2) Falea Mineral Resources as at October 26, 2015:

Tonnes

U3O8CuAgU3O8CuAg
Category(MT)(%)(%)(g/t)(Mlbs)(Mlbs)(Moz)
Indicated6.880.1150.16172.817.424.416.11
Inferred8.780.0690.20017.313.438.74.9

 

The Company's mineral resources as at October 26, 2015, are classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's "CIM Definition Standards - For Mineral Resources and Mineral Reserves" in accordance with NI 43-101. Mineral reserve and mineral resource estimates reflect the Company's reasonable expectation that all necessary permits and approvals will be obtained and maintained.

Mineral resources that are not mineral reserves do not have to demonstrate economic viability. Mineral resources are subject to infill drilling, permitting, mine planning, mining dilution and recovery losses, among other things, to be converted into mineral reserves. Due to the uncertainty associated with inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to indicated or measured mineral resources, including as a result of continued exploration.

The Mineral Resource Statement was prepared Mark Mathisen, C.P.G., Senior Geologist, of Roscoe Postle Associates Inc., who is a Qualified Persons as defined by the CIM Code.

Source: Technical Report titled "Technical Report on the Falea Uranium, Silver and Copper Deposit, Mali, West Africa" prepared by Roscoe Postle Associates Inc. for Denison Mines Corp., October 26, 2015.

Notes:

  1. CIM definitions followed for classification of Mineral Resources.
  2. Reported above a cut-off grade of 0.03% U308, based on a uranium price of US$75/lb.
  3. Bulk density is 2.65 t/m3.
  4. Numbers may not add due to rounding.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

About GoviEx Uranium Inc.

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel:+1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include those related to: (i) potential to expand uranium mineralisation on the Falea Project; (ii) the IP defined structures that drive uranium-copper mineralisation providing a better targeting tool and a clear roadmap of targets for GoviEx's next drilling program; (iii) the expansion of the Company's exploration program on the Falea Project's ;most prospective areas; (iv) the potential to connect the Falea North and Central deposits; (v) strong correlation of copper mineralisation with high IP response will be taken into consideration for the Company's next drilling campaign; (vi) consideration of the potential for copper in the overlying ASK and underlying VC formations in future work, which may expand the thickness of the mineralised zone; and (vii) future Bala exploration to consist of expanding the IP survey area and target future drilling onto the IP highs.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for all its projects; (ii) that all planned exploration programme on the Falea Project will be completed as planned and meet GoviEx's objectives; and (iii) that the price of uranium will remain sufficiently high and the costs of advancing the Company's projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the inability of the Company to successfully complete the exploration and development plans; (ii) potential delays due to COVID-19 restrictions; (iii) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (iv) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (v) an increase in the Company's operating costs above what is necessary to sustain its operations; (vi) accidents, labour disputes, or the materialization of similar risks; (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (viii) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2021, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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GoviEx Uranium Statement on Recent Coup in Niger

GoviEx Uranium Statement on Recent Coup in Niger

In light of the recent coup d'état in Niger, GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) wishes to assure its stakeholders, partners, and the people of Niger of the following:

GoviEx's operations in Niger remain unaffected by the current situation. We are committed to ensuring that our activities continue as normal, both at our Project site and our office in Niamey.

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GoviEx Announces Substantial Increase of Open-Pit Mineral Resources at Its 100% Owned Muntanga Uranium Project in Zambia

GoviEx Announces Substantial Increase of Open-Pit Mineral Resources at Its 100% Owned Muntanga Uranium Project in Zambia

  • Measured & Indicated resources nearly tripled, now representing 74% from 29% of total resources.
  • Total in-pit constrained resources increased 18%.
  • Grade improvement in all mineral categories.
  • Current drilling targeting further potential in pit resource upgrade to measured and/or indicated.
  • Results fully support continued feasibility study.

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") for its wholly owned, mine permitted Muntanga Uranium Project in Zambia (the "Muntanga Project"). The Muntanga Project consists of three mining permits that cover some 720km2, and contains five deposits: Dibbwi, Dibbwi East, Muntanga, Gwabi and Njame.

Daniel Major, CEO of GoviEx commented: "Our drilling campaigns in 2021 and 2022 have led to a significant update in the Muntanga mineral resource estimate. This progress is characterized by a notable growth in in-pit resources, a substantial conversion of inferred resources into the Indicated category, and an overall rise in uranium grades. What's more exciting is that this upward trajectory in resource growth persists even under lower uranium prices, such as the USD50/lb used in our Preliminary Economic Assessment( PEA)1. There is also additional potential for further upgrading of inferred resources, thereby expanding the resources that can be included in the feasibility study. These are very promising results and will be integrated into our ongoing feasibility study."

The 2023 updated MRE is the result of extensive infill drilling, including 8,010 metres drilled in 2021 and a further 19,990 metres drilling in 2022, predominately on the Dibbwi East deposit, to further delineate the deposit and convert inferred resources to the indicated category. The mineral resource update included a comprehensive reassessment of previous work and a revised correlation between down-hole radiometric probe data and chemical assays used to convert down-hole radiometric data into equivalent uranium grades (eU3O8) for mineral resource estimation.

Table 1.0 Comparison between 2017 & 2023 Constrained Mineral Resource Estimates

Constrained Mineral Resource Constrained Mineral Resource % Change
20172023
Tonnes (Mt)eU3O8 Grade (ppm)eU3O8 (Mlb) Tonnes (Mt)eU3O8 Grade (ppm)eU3O8 (Mlb) Tonnes (Mt)eU3O8 Grade (ppm)eU3O8 (Mlb)
Measured & Indicated 16.1735312.5942.5935933.7163%2%168%
Inferred 38.8229425.1614.9533010.88-61%12%-57%

 

Based on the USD50/lb U3O8, used to define the mining schedule in the 2017 PEA, constrained total pit resources are 36.5 Mlb eU3O8, comprising 34 Mt at 374 ppm eU3O8 for 28.4 Mlb in measured and indicated and 11 Mt at 348 ppm eU3O8 for8.1 Mlb of inferred, highlighting the robustness of the mineral resources at Muntanga. With the quality of the resource estimate improved, higher M&I, higher grade and a notable increase in estimated resources within the constrained open-pit area, we are optimistic that the updated MRE will be favourable to the project economics previously estimated for Muntanga in the PEA, and especially as the ongoing drilling is targeting conversion of more inferred resources into indicated resources.

As per the regulations applicable in 2017 when the Company released its NI 43-101 Technical Report1, the MRE reported did not need to be constrained by pit shells based on any particular uranium price, as almost all mineralisation at the time occurred within 125 m of surface with uranium grades that were, in general, considered to have a reasonable prospect for eventual economic extraction ("RPEEE") by open pit mining. The cut-off grade used for reporting the 2017 MRE was 100 ppm eU3O8.

The 2023 MRE is disclosed including an additional constraint applied to comply with the RPEEE and is accordingly reported within a constraining open-pit shell based on a uranium selling price of USD70/lb U3O8 and a 100 ppm eU3O8 cut-off grade. The updated 2023 MRE is presented in Table 3.0.

To facilitate a comparison between the 2023 and 2017 MRE, Table 2.0 below provides an assessment on the impact of a constraining open-pit shell based on uranium selling price of USD70/lb U3O8 and a 100 ppm eU3O8 cut-off grade on the 2017 MRE.

Table 2.0 Comparison of 2017 unconstrained and constrained mineral resources

Unconstrained Mineral Resource
2017
Constrained Mineral Resource
2017
Tonnes (Mt)eU3O8 Grade (ppm)eU3O8 (Mlb) Tonnes (Mt)eU3O8 Grade (ppm)eU3O8 (Mlb)
Measured & Indicated21.631815.116.235312.6
Inferred74.627344.938.829425.2

 

The 2017 constrained mineral resources are based on a fixed uranium price, and should uranium prices increase, a conversion of additional material into a constrained mineral resource would be anticipated.

Based on the drilling completed in 2021 and 2022, an updated mineral resource estimate has been prepared by SRK Consulting (Canada) Inc. ("SRK"). The Mineral Resource is that portion of the resource estimate which has been constrained within an open-pit shell, considering reasonable mining, processing and general and administrative cost, geotechnical parameters and processing recoveries. SRK considers that the material reported as a Mineral Resource fulfils the requirement by the CIM Guidelines of having a RPEEE through open pit mining.

A summary of the Mineral Resources for all deposits comprising the Muntanga Project are presented in Table 3.0 below.

Table 3.0Mineral Resource Statement*, Muntanga Uranium Project, Zambia, effective date of March 31, 2023

ClassificationDepositTonnesU3O8 GradeU3O8
(Mt)(ppm)Mlb
MeasuredGwabi1.12540.6
Njame2.23741.8
IndicatedMuntanga7.53605.9
Dibbwi3.12551.8
Dibbwi East25.237420.8
Gwabi2.73742.2
Njame0.83210.6
     Total M&I42.635933.7
InferredMuntanga4.03192.8
Dibbwi0.62500.3
Dibbwi East9.13446.9
Gwabi0.22790.1
Njame1.13260.8
     Total Inferred15.033010.9

 

*Notes:

  1. The effective date of the mineral resource statement is March 31, 2023. The QP for the estimate is Cliff Revering, P.Eng., an employee of SRK Consulting (Canada) Inc.
  2. Mineral resources are prepared in accordance with CIM Definition Standards (CIM, 2014) and the CIM estimation of Mineral Resources and Mineral Reserves Best Practise Guidelines (CIM, 2019).
  3. Mineral Resources are reported at a cut-off grade of 100 ppm eU3O8.
  4. Mineral resources are constrained within an optimized pit shell using a uranium price of USD70/lb U3O8, mining costs of USD2.90/t, processing costs of USD8.00/t ore, additional ore mining costs of USD0.50/t ore, G&A costs of USD1.50/t ore, royalty of 5% on U3O8 price and a discount rate of 8%.
  5. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves in the future.
  6. All figures have been rounded to reflect the relative accuracy of the estimate.

Analysis of the open-pit shell used to constrain the MRE highlights that there are still inferred category mineral resources that have the potential to be converted to indicated resources with additional drilling. That would enable them to be included in the economics related to any future feasibility study, as the examples below indicate. This work is currently under way as part of this year's previously announced drilling program.

Figures 1&2: Sections from Dibbwi East showing resource classification and MRE Shell

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Fig 1

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Fig 2

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Figure 3 - Dibbwi East drillhole and cross-section location map

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Fig 3

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In conclusion, the updated MRE for the Muntanga Project is a testament to GoviEx's strategic focus and commitment to maximizing the potential of its vast resource base. As the only uranium developer with two African projects ready to begin development and near-term production, GoviEx is well placed to benefit from future growth.

Qualified Person Statement
The technical information and associated data in this release has been reviewed, verified and approved by Cliff Revering, P.Eng., who is an independent Qualified Person under the terms of NI 43-101 for uranium deposits.

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

About GoviEx Uranium Inc.
|GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Contact Information
Isabel Vilela, Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for all its projects; (ii) that projected low capital expenditures for the mine-permitted projects will remain unchanged or improve; (iii) that the planned exploration and development programs on GoviEx's projects will be completed as planned and meet GoviEx's objectives; and (iv) that the price of uranium will remain sufficiently high and the costs of advancing the Company's projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the risk that the Company may not be able to fully realize the anticipated benefits of the updated MRE and the conversion of inferred resources to indicated resources; (ii) the risk that the ongoing feasibility study may not yield the expected results; (iii) the risk that the current drilling program may not result in further potential resource upgrades; (iv) potential delays or changes in the Company's development plans due to various factors, including COVID-19 restrictions; (v) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (vi) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (vii) an increase in the Company's operating costs above what is necessary to sustain its operations; (viii) accidents, labour disputes, or the materialization of similar risks; (ix) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (x) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2022, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.


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GoviEX Uranium Files Annual Information Form

GoviEX Uranium Files Annual Information Form

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or the "Company"), a mineral resource company specializing in uranium exploration and development in Africa, announces that further to the filing of its audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2022, it has today voluntarily filed its Annual Information Form for the year ended December 31, 2022. These filings can be found on the Company's website at www.goviex.com and under the Company's SEDAR profile at www.sedar.com.

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

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GoviEx Sponsors Barefoot College International's Solar Project in Niger to Support Local Communities

GoviEx Sponsors Barefoot College International's Solar Project in Niger to Support Local Communities

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or the "Company") is proud to announce its sponsorship of Barefoot College International's Solar Project in Niger.

This groundbreaking initiative is dedicated to empowering rural women without formal education through comprehensive training in solar technology installation and maintenance, livelihoods development and a holistic women's empowerment curriculum. By fostering self-sufficiency, promoting livelihood development, and ensuring environmental sustainability, the Solar Project aims to enhance the quality of life for individuals living in rural areas.

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GoviEx Uranium Provides Update on the Sale of the Falea Exploration Project

GoviEx Uranium Provides Update on the Sale of the Falea Exploration Project

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or the "Company"), a mineral resource company specializing in uranium exploration and development in Africa, announces that the agreement with African Energy Metals Inc. ("AEM") for AEM's acquisition of all the issued and outstanding shares of GoviEx's wholly-owned Malian subsidiary, Delta Exploration Mali SARL ("Delta"), which holds the Falea project in Mali, has been terminated due to the fact that AEM was unable to complete its obligations for closing.

In light of this development, GoviEx retains ownership of the Falea project. GoviEx's primary focus is to concentrate its resources on the development of its two advanced-stage mine-permitted projects, namely Madaouela in Niger and Muntanga in Zambia.

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