Greenridge Exploration Announces Appointment of Sean Hillacre to its Advisory Team

Mr. Hillacre brings extensive uranium exploration experience, including delineation and development of the Arrow Uranium Deposit in the world-famous Athabasca Basin

VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce Sean Hillacre has joined Greenridge’s advisory team effective March 22, 2024. Mr. Hillacre’s extensive experience and background will provide invaluable guidance for the planning and execution of exploration programs at the Company's Nut Lake Project.

Mr. Hillacre is currently the President & VP of Exploration of Standard Uranium Ltd. and has over a decade of experience working as an economic geologist in the Athabasca Basin uranium district of Saskatchewan, with 5 years as part of the technical team progressing the Arrow uranium deposit towards production with NexGen Energy Ltd. A proactive, results oriented geoscientist, Mr. Hillacre brings a unique and balanced background integrating academic geoscience with industry experience, along with a comprehensive understanding of project development. Mr. Hillacre received his B.Sc. & M.Sc. degrees in Geology from the University of Saskatchewan and published the first comprehensive academic study on a world-class uranium deposit in the SW Athabasca Basin in Economic Geology.

Sean Hillacre, Advisor to the Company, commented, “I am thrilled to be joining the Greenridge team as an advisor, as the Company’s Nut Lake Project has significant potential for uranium discovery. I am eager to begin leveraging my extensive experience to help drive the Nut Lake Project forward."

Russell Starr, Chief Executive Officer of the Company, commented, “We are excited to welcome Mr. Hillacre, whose extensive experience in the Uranium industry, particularly in the globally recognized Athabasca Basin region, brings invaluable expertise to our advisory team. We are confident that his knowledge and experience will play a crucial role in guiding our exploration programs and advancing the Nut Lake Project.”

The Company also announces that it has granted 250,000 stock options (the “Options”) under the Company's stock option plan, each with an exercise price of CDN $0.75, to Mr. Hillacre. Each vested option, upon payment of the exercise price, entitles the holder thereof to receive one common share of the Company. The Options, and any shares issued upon the exercise of, will be subject to a hold period of four months in accordance with the policies of the Canadian Securities Exchange.