Stallion Uranium Strengthens Board with Technical Expertise

VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has appointed Matthew Schwab, an acclaimed exploration geologist in the Athabasca Basin, to its Board of Directors. At the same time, the Company thanks Terry Wells for his service.

“We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion’s Board of Directors. Mr. Schwab was a key contributor in the Arrow discovery at NexGen Energy and the development of the Roughrider deposit at Hathor Exploration. As Stallion continues to advance exploration across its land package, Mr. Schwab’s experience will further bolster the strength of Stallion’s team as we work to make the next significant uranium discovery,” commented Drew Zimmerman, CEO of Stallion Uranium. “On behalf of the Stallion team, I would also like to thank Terry Wells for his contributions to the company over the past few years.”

Mr. Matthew Schwab is an acclaimed exploration geologist located in Saskatoon, Saskatchewan where his work over the past decade has contributed to the discovery and development of multiple significant uranium deposits. Mr. Schwab is currently the CEO of Kraken Energy Corp, a US focused uranium exploration and development company. In 2014, while Mr. Schwab was the Senior Exploration Geologist at NexGen Energy Ltd., he was instrumental in the discovery of the Arrow uranium deposit located in the southwestern Athabasca Basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team and contributed to the sale of the Roughrider deposit to Rio Tinto for $654M in 2012. Prior roles also include being co-founder and SVP of Axiom Exploration Group Ltd., former President, Senior Advisor and Founder of multiple successful private mineral exploration and E&P consulting firms in Canadian mining and petroleum industries.

“Worldwide, the need and demand for uranium continues to increase and Stallion’s strategic land position in the southwestern Athabasca Basin, along with their team of accomplished industry experts, makes for a strong combination in pursuing new high grade uranium discoveries in northern Saskatchewan,” stated Mr. Schwab. “I’m honoured by the opportunity to join the Board of Directors at Stallion and believe my technical background will further bolster a strong team as we work toward a significant uranium discovery.”