Okapi Resources Limited has commenced an airborne geophysics program at its 100% owned Newnham Lake and Perch Uranium projects, which straddle the highly prospective, north- eastern margin of Canada's prolific Athabasca Basin. Both projects consist of 15 mining claims totaling close to 18,500 hectares within a province that is the source of high-grade uranium. The geophysical survey will use NRG's specially designed XciteTM time domain system that provides detailed radiometric, magnetic and electromagnetic data, allowing for correlation between the three products to further refine high-priority targets and locate new targets for the upcoming summer drill program.

Airborne Survey and Drilling Program details: The uranium exploration model in the Athabasca Basin relies on identifying conductors at or below the unconformity. These conductors are typically coincident with structures that may host or concentrate uranium mineralisation and are critical as vectors for targeting. The eastern half of the Newnham Lake Uranium Project is lacking a high-quality geophysical product that can provide the location and orientation of these important conductors.

The XciteTM survey will better define the conductors on the eastern part of Newnham Lake Uranium Project and on the entire Perch Uranium Project, which will allow refining high-priority targets for the upcoming drilling program. The Company also recently received a drilling permit to drill up to 40 drill holes at the Newnham Lake Uranium Project. Drilling to commence on the completion of processing and interpretation of the geophysical data being received.

Newnham Lake and Perch Uranium Project: Historical drilling at Newnham Lake has encountered multiple intercepts with grades between 1,000ppm U3O8 and 2,000ppm U3O8 in shallow drill holes within a 25km conductive trend. Importantly, the depth to the Athabasca Basin unconformity at Newnham Lake is approximately 100 metres, mitigating the need to drill deep holes. Previous drilling at Newnham Lake has focused on the areas under the Athabasca Basin sediments where mineralisation has been identified but the same mineralised structures continue to the northeast, outside the edge of the basin.

These areas have not been tested and will be a priority as there is significant potential for basement hosted deposits akin to Triple R and Arrow deposits. A single hole (NL18-001) was drilled on the Newnham Lake Uranium Project in 2018 and it returned 7.2m @ 310ppm including 0.5m @ 1,274ppm U3O8. This drill hole requires additional follow up to potentially locate the source of the uranium mineralisation at depth and/or along strike.

Historical exploration at the Perch Uranium Project highlighted a prospective 4km long conductive trend. Two holes have been drilled into the trend with one of those holes intersecting 498ppm U3O8 and anomalous Cu- Ni-Zn, pathfinder elements for uranium mineralisation. The other drill hole intersected grades up to 504ppm U3O8.

These intercepts have not been followed up with further drilling. Overview of the Athabasca Basin, Canada: The Athabasca Basin is home to the world's largest and highest-grade uranium mines including Cameco's McArthur River and Cigar Lake uranium mines. Cigar Lake and McArthur River contain total mineral reserves of 165.6mlbs @ 15.9% U3O8 and 391.9mlbs @ 6.9% U3O8 respectively.

Other past producing mines include Rabbit Lake, Mclean Lake and Key Lake. Orano's historical Cluff Lake Mine produced 64.2mlbs U3O8 @ 0.92% U3O8 between 1981-2002. Saskatchewan was ranked as the number one region globally for mining investment opportunity in the Mining Journal's 2020 World Risk Report.

A number of world-class discoveries have been made in recent years in the Athabasca Basin including: NexGen Energy's Arrow deposit where mineral resource comprises 337.4mlbs of U3O8 @ 1.9% U3O8. Fission Uranium Corp.'s Triple R deposit where mineral resource comprises 135.1mlbs U3O8 @ 1.8% U3O8. IsoEnergy's Hurricane deposit that was discovered in July 2018 with at best drill intersection to date of 7.5m @ 38.8% U3O8, including 3.5m @ 74.0% U3O8 in LE20-76.