Standard Uranium Outlines 2022 Exploration Plans & Securing of Key Contractors - Seite 2

Sean Hillacre, VP Exploration commented: “The zones of strong hydrothermal alteration and intensely graphitic basement structures, along with intervals of elevated radioactivity intersected on the Davidson River Project this past summer has our technical team very excited to get back to drilling our flagship project in the Spring of 2022. We are also looking forward to receiving the geophysical products from the leading-edge techniques we are employing across our other Projects this year. The data packages will enable us to further define our conductive exploration corridors, as well as map out structural zones and faults to generate robust drill targets along those conductors. On all our projects, integration of prospective exploration results with our current work will provide us with exceptional targets to explore for high-grade structurally controlled uranium deposits during our 2022 drill programs.”

Contractor and Employment Engagement

The Company is also pleased to announce that it has secured key contractors to complete the exploration programs planned for 2022 despite the current extreme demand in the industry. Base Diamond Drilling Ltd., led by Mr. Brady Stokes, has been secured for the Sun Dog and Davidson River drill programs. The drill contractor has extensive experience in both project areas and has the equipment and skilled personnel to execute on these drill programs.

MWH Geo-Surveys Ltd. (“MWH”) has been contracted to complete the high-resolution ground gravity and UAV magnetics surveys over the Atlantic Project and Sun Dog. MWH has several decades of experience working in the Athabasca Basin and providing top-tier geophysical products to aid in successful exploration drill hole targeting.

Neil McCallum, Lead Technical Director Comments: “We are incredibly encouraged to have retained the services of Base Diamond Drilling and Brady Stokes. Mr. Stokes built the foundation of his career as an expert driller in the southwest Athabasca region and has now built a company that is well suited for the conditions at Davidson River.” Additionally, Mr. McCallum states: “Standard Uranium is well positioned amidst the current period of personnel shortages in the industry by building and retaining a motivated and skilled technical team to execute on our plans. Our network of skilled contractors, such as Dahrouge Geological Consulting and others are also well suited to support our exploration.”