Geiger Extends Shallow Uranium Mineralization at ACKIO, Confirms Continuity at Hook Project, Saskatchewan

Rhea-AI Summary

Geiger Energy (OTCQB: BSENF) reported early 2026 drill results at the ACKIO prospect, Hook Project, Saskatchewan. Drilling intersected a shallow 10-metre mineralized interval from 52–62 m, with radiometric readings up to 1,000 cps, and confirmed continuity between Pods 1 and 7, with mineralization open along strike.

Assays are pending; radiometric data were collected with a handheld scintillometer and may not directly correlate with uranium grades.

Positive

• Shallow mineralization: 10-metre interval starting at 52 metres
• High radiometric response: peak readings up to 1,000 cps
• Continuity confirmed between Pod 1 and Pod 7
• Expansion potential: mineralization remains open along strike

Negative

• Assays pending: no laboratory-confirmed uranium grades reported yet
• Radiometric limits: handheld cps readings may not correlate with grade
• Early-stage drilling: ~800 metres completed, limited lateral coverage to date

Key Highlights

• Intersected a shallow 10-metre mineralized interval with higher-intensity zone beginning at 52 metres downhole
• Continuity confirmed with mineralization connecting Pods 1 and 7
• Radiometric readings of up to 1,000 cps intersected in both drill holes
• Mineralization remains open along strike, supporting further expansion potential

Toronto, Ontario--(Newsfile Corp. - March 19, 2026) - Geiger Energy Corp. (TSXV: BEEP) (OTCQB: BSENF) ("Geiger") or the ("Company") reports results from the first two drill holes of its 2026 winter program at the ACKIO prospect on its 100% owned Hook Project in the Athabasca Basin, Saskatchewan (Figure 1, Figure 2).

"ACKIO stands out because of its shallow nature. Uranium mineralization beginning this close to surface is uncommon, particularly in the Athabasca Basin, and it enhances the overall attractiveness of the discovery as we continue to expand it. With mineralization open in multiple directions, we see meaningful opportunity for further growth. These results confirm continuity across multiple pods and support our interpretation of a broader mineralized system at ACKIO. The next phase of drilling will step south to test for additional zones along the broader fertile trend," said Rebecca Hunter President & CEO of Geiger.

Early drilling on ACKIO has extended mineralization in both Pod 1 and Pod 7, supporting continuity within the structurally controlled system. Both holes intersected mineralization within discrete fault and alteration zones with radiometric readings of up to 1,000 counts per second (cps). One hole returned a continuous 10-metre mineralized interval, beginning at 52 metres downhole which included a high-intensity zone at approximately 57 metres.

ACKIO Mineralization

The 2026 program targeted mineralization at Pods 1 and 7, which are presentwithin structurally controlled zones marked by strong brecciation and alteration, including hematite, chlorite and sulphides, hosted in variable calc-silicate and calc-pelite rocks. Localized desilicification and albitization are observed near higher-grade intervals and appear to be associated with stronger radiometric responses.

In hole AK26-145, mineralization was intersected from 52 to 62 metres, with peak radiometric readings of up to 1,000 cps (Figure 3). Additional mineralization was also intersected at depth near the northern extent of Pod 7, and Pod 7 was successfully extended in both completed holes. Assay results are pending, and the radiometric data reported herein were collected using handheld scintillometer measurements.

Radiometric readings are reported in counts per second (cps) and were obtained using a handheld CT-007 scintillometer by GammaGuard to measure gamma radiation on drill core. These readings are indicative only and may not directly correlate with uranium grades. Assay results will be reported once received from the laboratory.

• Figure 1: Geiger projects location map in the Athabasca Basin. The ACKIO prospect is identified with a red circle.

• Figure 2: ACKIO prospect area with 2026 drill holes, proposed drill holes with the historical drillholes.

• Figure 3: Highest grades intersected in AK26-145 intersecting extension of the Zone 1 pod at the ACKIO prospect at around 57 m. Disseminated uranium mineralization is present within a sulphidic and chloritic zone in a brecciated calc-silicate unit.

• Figure 4: 2026 proposed drill target areas.

• Figure 5: Target areas at the ACKIO prospect overlain on a Total Magnetic Intensity magnetic map and a 30 Hz ZTEM conductivity anomaly, which is closely associated with the mineralization in the ACKIO area.

Hook Project Overview

Approximately 800 metres have been completed to date at the Hook Project, with drilling focused thus far on ACKIO and the TT area (Figure 4).

At ACKIO (Figure 5), the current program is designed to expand high-grade Pod 1 and Pod 7, test approximately 500 metres of strike for additional mineralized zones, and evaluate southern and eastern extensions along the broader structural corridor.

In the TT area, located 5.5 kilometres southwest of ACKIO, drilling is designed to follow up on strong historical clay alteration ranging from 30 to 145 metres in thickness, test beneath the alteration zone for the underlying mineralized system, and evaluate along-strike potential within a coincident gravity-low and magnetic-low corridor.

About Geiger

Geiger controls approximately 390,000 hectares in Saskatchewan's Athabasca Basin and 95,519 hectares in Nunavut's Thelon Basin, two of the world's most prospective uranium districts. The Company is focused on discovering high-grade uranium deposits across both regions.

Geiger's flagship asset, the Aberdeen Project (Thelon Basin), hosts the high-grade Tatiggaq and Qavvik discoveries. Tatiggaq is a basement-hosted system defined over a 300-metre strike length, with multiple steeply dipping mineralized lenses between 80 and 180 metres depth. The system remains open over a 1.5 km strike length and at depth. Qavvik is a similarly styled basement-hosted discovery extending from surface to ~400 metres depth, open over 500 metres and at depth.

The Aberdeen Project hosts 50+ high-priority targets, many showing strong alteration and anomalous uranium from limited historical drilling, with several areas remaining completely untested.

In the Athabasca Basin, Geiger is advancing the Hook Project, which hosts the ACKIO near-surface uranium discovery. ACKIO extends over 375 metres along strike and 150 metres in width, with at least nine distinct uranium pods starting at 28 metres depth and continuing to approximately 300 metres. The system remains open in multiple directions. The Hook Project also contains large clay-alteration systems with elevated radioactivity, highlighting additional discovery potential beyond ACKIO.

Qualified Person Statement

The technical information contained in this news release has been reviewed and approved by Rebecca Hunter, P.Geo, President & CEO of Geiger Energy Corp., a Qualified ‎Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." ‎

For More Information

"Rebecca Hunter"

Geiger Energy Corp.
Rebecca Hunter, Ph.D. P.Geo.
CEO, President & Director
Email: info@geigerenergy.com
Phone: 416-644-1567

Cautionary Statement

Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to Geiger's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes Geiger's expectations as of the date of this news release.

The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Geiger to implement its business strategies; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.

Geiger cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Geiger has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF GEIGER AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GEIGER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289072

FAQ

What did Geiger Energy (BSENF) report from ACKIO on March 19, 2026?

Geiger reported a shallow 10-metre mineralized interval from 52–62 m and radiometric highs to 1,000 cps. According to the company, continuity was confirmed between Pods 1 and 7 and mineralization remains open, with assays still pending.

How reliable are the radiometric readings of up to 1,000 cps at ACKIO (BSENF)?

Radiometric readings provide an initial indication but are not definitive for grade. According to the company, readings were taken with a handheld scintillometer and may not directly correlate with uranium grades; laboratory assays are required for confirmation.

Does the ACKIO drill result for BSENF indicate expansion potential?

Yes, results suggest expansion potential with mineralization open along strike. According to the company, drilling extended Pods 1 and 7 and the program will test roughly 500 metres of strike to seek additional zones.

When will Geiger (BSENF) release assay results from the ACKIO holes?

Assay timing was not specified in the release; assays are pending from the laboratory. According to the company, radiometric data are preliminary and assay results will be reported once received from the lab for definitive grades.

What is the significance of the 52-metre depth intersection at ACKIO for BSENF investors?

A shallow intersection can reduce drilling and extraction complexity compared with deeper deposits. According to the company, mineralization beginning near 52 metres downhole enhances the discovery attractiveness and supports further drilling to expand the system.

How much drilling has Geiger completed at the Hook Project, including ACKIO, as of March 19, 2026?

About 800 metres of drilling have been completed at the Hook Project to date. According to the company, work to date focused on ACKIO and the TT area with further drill targets proposed to expand testing.