Standard Uranium Ltd. announced the acquisition by staking of the Harrison uranium exploration project in the southwest Athabasca Basin region, northern Saskatchewan. Additionally, the Company has expanded the Ascent project by 3,728 hectares, effectively doubling the project size. With the addition of the Harrison project and expansion of the Ascent project (as described below), the Company now has ownership interests in eleven exploration properties, totaling over 209,867 acres across the uranium-rich Athabasca Basin.

The Harrison project is comprised of two mineral claims totaling 1,750 ha, located 22 km SSE of the Shea Creek uranium deposits and approximately 30 km SE of the past producing Cluff Lake uranium mine. Electromagnetic (?EM?) surveys conducted in 2006-2007 outlined multiple EM zones across the project. Harrison covers approximately 6.8 km of a NW-SE conductor trends coincident with a prominent magnetic low.

The trend is crosscut by several interpreted fault zones, including 4.9 km of the major Harrison fault. The project has never been drill tested, and provides the Company with additional exploration exposure in the southwest Athabasca uranium district. Plan map highlighting the Harrison fault zone and EM conductor trends on the Harrison project, with first vertical derivative magnetics in the background.

The Company believes the newly acquired Harrison project is prospective for the discovery of high-grade unconformity-related uranium mineralization. Continued land acquisitions through staking efforts fits with the Company?s strategy to increase its landholdings in the Athabasca Basin of Saskatchewan, Canada. Ascent Project Expansion: Standard Uranium holds a 100%-interest in the Ascent project which straddles the eastern boundary of the Athabasca Basin (Figure 3).

The recently expanded project consists of four mineral dispositions totaling 7,464 hectares. As the property lies on the edge of the Basin, depth to the sub-Athabasca unconformity is known to be approximately 50 metres from surface at maximum, while the eastern portion of the project contains no Athabasca sandstone cover, providing shallow drill target areas. In 2022, the Company completed a helicopter-borne Xcite time domain electromagnetic (TDEM), magnetic, and radiometric survey over the Ascent project.

The airborne EM survey detected several conductive anomalies and radiometric variances on the Ascent Property, which correlate with previous electromagnetic surveys and lake sediment geochemical anomalies, effectively enhancing the resolution of the conductive trends on the Project. Additionally, the magnetic survey contributes to definition of potential fault systems and structural trends not previously identified. Regional prospecting by historical operators also identified uranium enrichment in basement rocks located east of the Athabasca Basin edge, which support the exploration model for shallow sandstone and basement hosted uranium on the property.

The expansion of the project covers a suite of additional historical uranium anomalies, in addition to several more km of the Athabasca Basin edge and prospective regional structural trends. The current exploration model for the Ascent project is analogous to that of the J-Zone and Roughrider deposits, that are located proximal to a similar airborne EM target that has dimensions of roughly 2-km long by 1-km wide. The Ascent EM target is interpreted by the Company to represent a shallow-dipping conductive system and will be the focus of future exploration programs, drawing on the analogy of the J-Zone and Roughrider uranium deposits.