Baselode Energy Corp. announced the completion of the diamond drilling program (the ?Program?) on the ACKIO high-grade uranium zone (?ACKIO?) on the Hook project (?Hook? or the ?Project?).

ACKIO Drill program update: 36 drill holes over 7,512 metres (?m?) were completed. Within this, ACKIO consisted of 30 drill holes for 6,193 m, Mirror consisted of 5 drill holes for 1,145 m (AK23-105 to AK23-109), and 1 drill hole (HK23- 008) for 174 m was completed on a regional exploration target. Drill holes AK23-112 to AK23-113 successfully identified mineralization at the overburden-basement contact in Pod 7, confirming a second zone of mineralization (after Pod 1) with mineralization as- shallow-as-possible in the ACKIO system.

Drill holes AK23-114 and AK23-115 tested the northern strike extent of mineralization in Pod 7. Results were strongest in AK23-114 suggesting Pod 7 could trend shallower than previously modelled and requires follow-up in the future. Drill hole AK23-116 confirmed numerous discrete intervals of elevated radioactivity in the area between Pods 1 and 7. These intervals are not part of any currently modeled uranium Pods (Pods 1 through 11) and could help increase the overall volume of mineralization identified at ACKIO. Seven of the reported drill holes (AK23-107, AK23-111 to AK23-116) all had mineralization starting shallower than 100 m from surface, with three drill holes intersecting mineraliztion shallower than 50 m from surface (AK23-111 to AK23-113).

High levels of radioactivity (>5,000 cps) were reported in drill holes AK23-112 and AK23-116. The results from AK23-112 confirms strong uranium mineralization can be projected to the overburden- basement contact in Pod 7, and AK23-116 supports the potential for additional high-grade uranium mineralization occurring between Pods 1 and 7. Drill holes AK23-105 to AK23-109 were all drilled in the Mirror target area. Two of the reported drill holes (AK23-105 and AK23-107) intersected elevated radioactivity.

All 5 drill holes defined an intense alteration corridor that measures over 300 m wide. Mirror remains open for exploration in all directions. Drill hole AK23-110 targeted the thickest part of Athabasca sandstones with favourable pathfinder geochemistry defined from previous drilling (i.e,.

AK22-005). Surprisingly, the drill hole did not intersect sandstone and went directly into basement rocks immediately following the overburden, suggesting a large structural offset within the sandstones. Many Athabasca sandstone uranium deposits are associated with large-scale faults.

The sandstone target area remains open for exploration potential but requires further modelling to better define the structural controls of the area. Exploration drill hole HK23-008 targeted geophysical anomalies along the ACKIO trend over 1 kilometer to the southeast. The drill hole intersected granite with no alteration or elevated radioactivity.