Positive Drilling Results Continue At Wyoming ISR Uranium Project

GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs have now completed 24 holes of its 50,000‐foot (~15,000 metre) ~100‐hole maiden drill program within exploration area 1 (Exp area1) at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1).

Highlights:

• 24 holes completed to date of ~100‐hole maiden drill program
• 10 of 24 holes (42%) drilled to date met or exceeded the Grade Thickness (GT) cutoff with an average of 0.68GT
• Encouraging results continue with over 40% of holes drilled recording better than the minimum economic Grade Thickness (GT) cutoff of 0.2GT1
• Mineralisation continues to demonstrate characteristics conducive to ISR recovery
• 1st phase of drilling to conclude December 17th with balance of holes planned for early 2022

The first 24 drill holes at the Thor Project were completed for a total of 12,041 feet (3,670 metres) within Area 1 (Figures1&3). Typical economically viable ISR grade and GT cut‐offs are: 0.02% (200ppm) U₃O₈ and 0.2GT ‐‐ i.e., 10 ft (3m) @ 0.02% (200ppm) U₃O₈. Results from the first 24 holes (including those previously reported) were characterised by (Table1):

• 10 of 24 holes (42%) drilled to date met both grade and GT cutoff with an average of 0.68GT; and
• Of the remaining 14 holes 2 met grade cutoff but not GT, 6 had trace mineralisation & 6 were barren.

These results are in line with expectation and are viewed by the Company as indicative of high potential for economic ISR uranium mineralisation.

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