Standard Uranium Provides Exploration Activities Update on the Sun Dog Project, Northwestern Athabasca Basin

VANCOUVER, British Columbia, April 03, 2024 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to provide an update on exploration activities on the 19,604-hectare Sun Dog Project (“Sun Dog” or “the Project”), currently under a three-year earn-in option agreement with Aero Energy Ltd. (“Aero”) (TSX-V: AERO).

The Company is pleased to confirm the start of an airborne VTEM (Versatile Time-Domain Electromagnetic) Plus survey aimed at detecting structural corridors of electrically conductive graphite-rich rocks that are the favoured targets for large basement-hosted uranium deposits (As announced by Aero Energy on March 26^th, 2024). The survey is being carried out by Geotech Ltd. of Aurora, Ontario.

Additionally, the Company is pleased to announce the engagement of drilling contractor Team Drilling LP of Saskatoon, SK for the planned Spring/Summer exploration program at the Project, situated on the northern rim of the Athabasca Basin.

Highlights:

• Expansive and Detailed Survey: The survey will cover the entirety of the Sun Dog project and consist of 3,350 km of flight lines in a grid pattern with 100 m spacing between each flight line. This will allow for prioritization of existing drill targets and generation of additional drill targets.
• Cutting Edge Approach: This survey represents one important modern tool that the technical team is utilizing to maximize high-grade¹ uranium discovery efficiency. Much of the survey area is unexplored and unsurveyed by modern methods.
• Shallow Drill Targets: The 2024 drill program aims to cover significant ground, focusing on the most promising of the dozens of shallow targets identified in collaboration with the Aero joint technical committee.
• Fully Funded: Summer drill plans comprise helicopter-supported diamond drilling across the project, focused on high-priority targets refined by the current geophysical work. Specific details on targets and the number of planned holes will be shared as they are finalized in the coming weeks.

¹The Company considers uranium mineralization with concentrations greater than 1.0 wt% U₃O₈ to be “high-grade”.