Myriad Uranium Reports on Additional Chemical Assays From 34 Boreholes at Copper Mountain

Rhea-AI Summary

Myriad Uranium (OTCQB: MYRUF) reports chemical assay results from 34 boreholes at the Copper Mountain Project (October–November 2024). Expanded chemical sampling (706 additional samples) increased measured uranium grades versus downhole spectral gamma (eU3O8), with chemical assays averaging ~20% higher. High-grade ranges showed larger gains: samples >=1,000 ppm eU3O8 averaged 60% higher by chemical assay; >=500 ppm averaged 50% higher. Additional sampling produced numerous new and extended mineralised intervals (e.g., 31 new intervals at 100 ppm cut-off; 5 new intervals at 500 ppm cut-off). Myriad links results to historical Bendix and Union Pacific data and notes planned expanded drilling under an approved 222-borehole plan of operations.

Positive

• Chemical assays average +20% vs spectral gamma
• 706 additional samples collected to close gaps and extend intervals
• 31 entirely new intervals reported at 100 ppm cut-off

Negative

• Cause of radiometric disequilibrium remains unclear, requiring more analyses
• Initial sampling bias may have under-reported uranium, prompting further work

The New Results Enhance Uranium Grades, Extend Mineralised Intervals, and Identify Numerous Entirely New Mineralised Intervals.

Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) is pleased to report updated chemical assay results from October-November 2024 drilling at the Copper Mountain Uranium Project in Wyoming. The new results enhance uranium grades, extend mineralised intervals, and identify numerous entirely new mineralised intervals. All have significant positive implications for the Project's resource potential.

In late 2024 the Company drilled 34 boreholes at the Canning deposit at Copper Mountain. Comparisons between equivalent gamma probe-derived grades (eU₃O₈) and chemical assays (U₃O₈) from that drilling are reported here. The initial set of samples sent for chemical assay were selected strictly using a 100 ppm eU₃O₈ cut-off. The chemical assays returned significantly higher confirmed grades (U₃O₈), confirming the likelihood of radiometric disequilibrium being present in the system.

Grades of 1,000 ppm eU₃O₈ or more were found to be 60% higher on average. Grades above 500 ppm eU₃O₈ were found to be 50% higher on average. Across all samples submitted, grades were increased an average of 20%. Given these important differences, it was decided that physical sampling for chemical assays should be expanded to close sampling gaps and extend intervals where uranium may not have been accounted for.

An initial rough estimate anticipated that up to 1,500 samples could be collected for this purpose. After more rigorous review, a total of 706 additional samples were collected for the additional chemical assays. The effect of this sampling is seen especially in the mid- to lower-grade ranges of U₃O₈ assays as follows:

• At 500 ppm cut-off: 5 entirely new intervals reported.

• At 200 ppm cut-off: 20 entirely new intervals reported, and 12 intervals extended in length.

• At 100 ppm cut-off: 31 entirely new intervals reported, and 45 intervals extended in length.

The overall outcome of this additional sampling is that there is significantly more uranium reported than previously accounted for. Highlights of new intervals above 500 ppm cut-off not previously reported include:

• CAN0017: 502 ppm U₃O₈ over 2.62 ft (0.80 m) from 783.92 ft to 786.54 ft

• CAN0019: 533 ppm U₃O₈ over 4.92 ft (1.50 m) from 220.74 ft to 225.66 ft

• CAN0023: 623 ppm U₃O₈ over 1.32 ft (0.40 m) from 304.38 ft to 305.70 ft

• CAN0023: 804 ppm U₃O₈ over 2.95 ft (0.90 m) from 547.43 ft to 550.38 ft

• CAN0031: 841 ppm U₃O₈ over 2.95 ft (0.90 m) from 201.39 ft to 204.34 ft

Revised grade interval tables are provided in Appendix 1.

Myriad's CEO Thomas Lamb commented: "These new chemical assays, which extend 12 already-known intervals and reveal 70 new intervals across just 34 boreholes, build on the strong foundation established by the Bendix study discussed in a recent news release (here). That rigorous 600+-page report, prepared in 1982 for the U.S. Department of Energy and based on Union Pacific's full exploration dataset, the result of roughly C$118 million of exploration and development spending (in today's dollars), confirmed the exceptional scale of the Copper Mountain District. It estimated that a central area at Copper Mountain alone could contain a mineral endowment of 245 million pounds of uranium to a depth of 600 feet, with Myriad and its partner Rush controlling 70 percent of that ground. It was further estimated that the broader district could host a mineral endowment of 655 million pounds, of which we control nearly a third. Combined with these new assay results, the Bendix data gives us a high level of confidence in Copper Mountain's uranium potential and provides a strong technical foundation for our next stage of exploration. These results bring significant additional uranium into the picture at Canning, and hopefully foretell what we will see across the project as we engage in extensive drilling under our recently-approved plan of operations which provides clearance for 222 boreholes across the Copper Mountain Project area (announcement here). We will also endeavour to verify and go well beyond historic resources estimated by Fluor and Union Pacific, such as those totalling 16.55 Mlbs described in Appendix 2."

The boreholes represent a combination of diamond core and reverse circulation drilling that was planned to verify mineralization identified in drilling by Union Pacific in the late 1970s and test a grade shell model (above 0.05% eU₃O₈) created from cross-sections, as reported here and here. All reported assay results are represented by the borehole locations indicated on Figure 1 and Table 2 below.

Figure 1: Map of completed boreholes and grade above cut-off.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/271962_6236e512c4c3abc6_002full.jpg

Table 2: Collar details for boreholes completed by Myriad

Borehole ID	Easting (X)	Northing (Y)	Elevation (ft)	Azimuth	Dip	Type	EOH (ft)
CAN0001	267366.40	4809808.50	6047.24	0	-90	DD	501
CAN0002	267364.90	4809808.50	6047.41	359	-54	DD	501
CAN0003	267356.00	4809727.00	6049.26	0	-50	RC	750
CAN0004	267364.04	4809920.89	6064.71	0	-90	DD	350
CAN0005	267406.80	4809791.40	6044.03	16	-47	RC	600
CAN0006	267413.90	4809878.92	6052.60	0	-90	DD	475
CAN0007	267405.30	4809791.40	6043.70	352	-50	RC	600
CAN0008	267293.21	4809851.70	6061.33	0	-50	DD	605
CAN0009	267471.82	4809840.12	6045.33	0	-50	RC	400
CAN0010	266942.43	4809984.96	6178.23	0	-90	DD	635
CAN0011	266841.44	4809909.11	6116.57	0	-50	RC	500
CAN0012	266944.68	4809914.83	6155.29	0	-50	RC	650
CAN0013	267249.68	4809824.19	6076.99	14	-49.6	DD	700
CAN0014	267031.92	4809836.99	6181.58	0	-50	RC	713
CAN0015	266819.33	4809992.73	6136.15	0	-90	DD	863.5
CAN0016	266946.49	4809825.45	6164.08	0	-50	RC	660
CAN0017	266956.50	4809753.70	6156.14	0	-50	DD	805
CAN0018	267532.50	4809837.60	6045.16	0	-50	DD	414
CAN0019	266835.52	4809885.00	6110.68	0	-50	RC	650
CAN0020	267412.80	4809754.50	6041.75	0	-50	DD	996
CAN0021	266858.42	4809947.99	6127.66	0	-50	RC	400
CAN0022	266901.61	4809829.74	6153.24	0	-50	RC	1100
CAN0023	267388.48	4809790.67	6045.15	0	-50	DD	951
CAN0024	267036.00	4809882.00	6176.87	0	-50	DD	588
CAN0025	266941.40	4809960.30	6168.23	0	-50	RC	400
CAN0026	266821.10	4809967.30	6130.19	0	-50	RC	650
CAN0027	267442.40	4809801.98	6038.84	0	-53	DD	797
CAN0028	266824.00	4809905.00	6113.01	0	-50	DD	650
CAN0029	266883.10	4809885.10	6145.25	0	-50	RC	600
CAN0030	266918.00	4809915.60	6146.13	0	-50	RC	500
CAN0031	266881.00	4809837.00	6134.82	0	-50	DD	1173
CAN0032	266945.70	4809825.42	6166.50	0	-50	DD	884
CAN0033	266916.10	4809873.00	6170.54	0	-50	RC	650
CAN0034	267410.03	4809896.85	6055.61	0	-90	DD	1556
Co-ordinate System: UTM Zone 13T (N)

 

Drilling

Drilling was undertaken by Harris Exploration using two diamond core (DD) rigs producing HQ (63.5 mm / 2.5 in) core diameter and 96 mm (3.78 in) in hole diameter, and one reverse circulation (RC) rig using a 140 mm (5.5 in) hammer bit. Core samples were packed into core trays and transported to Riverton for further processing. RC hole runs were drilled at 5 ft intervals and split on site by a rig-mounted cyclone splitter to produce two representative samples that were then transported to Riverton for further processing.

Downhole Logging

Downhole logging was performed by DGI Geoscience (DGI) using a combination of Spectral Gamma Ray (SGR) probe for gamma data, and Optical Televiewer and/or Acoustic Televiewer for structural data. The probes are manufactured by Mount Sopris Instruments with details as follows:

• QL40 SGR BGO (Sx): Measures the energy of gamma emissions from natural sources within formations crossed by a borehole. It counts the number of gamma emissions at each energy level aiding in lithological determination and correlation. The probe use a Bismuth Germanium Oxide scintillation crystal.

• QL40 SGR 2G CeBr3 (Sx): Measures the energy of gamma emissions from natural sources within formations crossed by a borehole. It counts the number of gamma emissions at each energy level aiding in lithological determination and correlation. The probe uses a CeBr3 (Cerium Bromide) scintillation crystal.

• QL 40 ABI 2G (At, Gr): Captures high-resolution, oriented images of the borehole wall, allowing the orientation of acoustically visible features to be determined. This includes fractures, bedding/rock fabric, breakouts, bedding planes and other structural features. Contains a built in Natural Gamma sensor that measures the gamma emissions from natural sources in the formation.

• QL OBI 2G (Ot, Gr): Captures a high-resolution, oriented image of the borehole wall using a CMOS digital image sensor, allowing the orientation of features to be determined. This includes fractures, bedding/rock fabric, veins, lithological contacts, etc. Contains a built in Natural Gamma sensor that measures the gamma emissions from natural sources in the formation.

The spectral gamma probes measure the full energy spectrum of the gamma radiation emitted naturally from within the formations crossed by a borehole. A Full Spectrum Analysis (FSA) was performed on the recorded energy spectra. The FSA derived, in real time, the concentration of the three main radioisotopes ⁴⁰K, ²³⁸U, ²¹²Th, and thus also provided insight into the mineral composition of the formations. DGI also ran optical and acoustic televiewer, when hole conditions allowed, to obtain downhole structural information. Borehole paths were measured using a gyroscopic deviation tool.

Initial manufacturer calibration certificates were provided to Myriad by DGI. Downhole gamma measurements were checked for a repeatability by comparing down and up runs in the borehole. DGI provided conversion of API units measured by the spectral gamma probes to eU₃O₈ concentrations using a standard conversion theory and formula.

Geological Logging, Sampling and Analysis

Description of geological features (lithology, structure and alteration) was undertaken prior to sampling according to standardized logging templates. Core sampling intervals were selected primarily on the basis of lithological changes and in conjunction with radiometric intervals identified from the downhole spectral gamma probe measurements (using a 100-ppm cut-off). Core sample lengths are limited to a maximum of 3 feet and adjusted to a minimum of 1 foot, where appropriate, to capture significant features in the core. Reverse Circulation samples were collected and split at the rig in 5-foot intervals, with samples being selected based on downhole spectral gamma probe measurements (using a 100-ppm cut-off).

Samples were prepared and analysed at Paragon Geochemical, located in Sparks, Nevada. Sample preparation involved inventory, weighing, drying at 100°C, crushing to 70% passing 10 mesh, riffle splitting 250 g and pulverizing to 85% passing 200 mesh. The requested sample analysis package for trace and ultra-trace level geochemistry was a Multi-Element Suite (48 elements) using a Multi-Acid digest with ICP-MS.

Quality Assurance and Quality Control

Quality Assurance was achieved by implementing a set of Standard Operating Procedures (SOP) for logging and sampling. Quality Control in sampling and analysis was achieved by insertion of Blanks, Standards (Certified Reference Materials) and laboratory split (Duplicates) at a minimum rate of 5% each. Inspection of QC data from the reported analyses shows adequate control of contamination and equipment calibration.

Radiometric Disequilibrium

Radiometric disequilibrium refers to the loss or gain of uranium and/or its daughter products (e.g. radon-222, bismuth-214 and radium-226) in the mineralised zone during geologic processes, which can disrupt the equilibrium between the parent isotope and the daughter products. Some historic reports state that closed can assays from Copper Mountain indicated little disequilibrium, however differences between gamma probe data and chemical assay were still observed. From the analysis data received, and comparison with the downhole spectral gamma probe data, it is apparent that disequilibrium has occurred within the Canning deposit. Individual grades are often higher, or lower, than those previously reported by the spectral gamma probe, implying that uranium, or its daughter products, have been mobile in the system since initial deposition. The average ratio of chemical assay intervals to spectral gamma probe assay intervals is ~1.2, indicating uranium content to be biased towards higher grades in the chemical assays, by as much as 20% on average. It is unclear at this stage if the disequilibrium observed results from radon interference or leaching and remobilisation of uranium or radium and other daughter products in the geological environment. Myriad will expand the physical sampling program to submit more samples to the laboratory to account for zones where higher uranium levels might be returned compared to low levels of spectral gamma measurement. Additional high resolution spectral analyses of samples will also be required to determine the specific cause of disequilibrium within the system.

Geological Background

Uranium mineralisation at Copper Mountain occurs in two distinct geologic environments:

• Fracture-controlled uranium mineralisation hosted in Archaean-aged granite, syenite, isolated occurrences along the margins of diabase dikes and in association with meta-sediment inclusions in granite; and

• As disseminations in coarse-grained sandstones and coatings on cobbles and boulders in the Tertiary-aged Teepee Trail Formation at the Arrowhead (Little Mo) mine and other localities.

Uranium mineralisation is thought to have resulted through supergene and hydrothermal enrichment processes. In both cases, the source of the uranium is thought to be the granites of the Owl Creek Mountains.

Historic Estimates of Potential Mineral Endowment

The potential mineral endowment referred to in this news release is based on a 1982 study by Bendix Field Engineering Corporation ("Bendix"), commissioned by the US Department of Energy as reported here. The estimates are historical in nature and do not represent current mineral resource, reserve or exploration target estimates under the category definitions provided by NI 43-101. They represent potential mineral endowments that would require exploration work and drilling to verify. The key assumptions, parameters, and methods used to prepare the historical estimates are described in this document. There are no more recent estimates of this type. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. Myriad is not treating the historical estimates as current mineral resources or mineral reserves.

Transaction with Rush Rare Metals Corp. ("Rush")

Myriad is also pleased to provide an update respecting its previously announced merger transaction with Rush (announced here). The parties have completed the majority of their mutual due diligence investigations, and Rush recently informed Myriad that they are finalising work with their independent advisor regarding the proposed transaction. The parties will provide a further update in due course.

Qualified Person

The scientific or technical information in this news release respecting the Company's Copper Mountain Project has been reviewed and approved by George van der Walt, MSc., Pr.Sci.Nat., FGSSA, Myriad's consulting geologist and a Qualified Person ("QP") as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Exploration Results reported in this news release have been compiled and verified by the QP. This included personal inspection of core sample intervals, comparison of reported grade interval tables and appropriate QAQC.

This news release contains references to historical estimates. While the content of the source reports is considered to be relevant and reliable, the underlying data, such as original drill logs, sampling, analytical and test data certificates, quality assurance and quality control, is not available for verification. Further work, such as drilling and sampling, will be required to verify or create supplementary information to support the underlying assumptions and conclusions.

About Myriad Uranium Corp.

Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. A recent press release discussing the 1982 U.S. Department of Energy assessment of Copper Mountain's uranium endowment can be viewed here. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of U₃O₈. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the development of a mine plan to fuel a planned fleet of California Edison reactors. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the project area has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here. The Company also recently acquired, subject to completing a geophysical survey this year, a 100% interest in the Red Basin Uranium Project in New Mexico, which has extensive near-surface uranium mineralisation and significant upside potential. Our Crux Investor overview page including recent interviews can be viewed here. The Company's presentation can be viewed here. News releases regarding historical drilling can be viewed here and here. The final news release regarding chemical assays of 2024 Copper Mountain drilling can be viewed here.

For further information, please refer to Myriad's disclosure record on SEDAR+ (www.sedarplus.ca), contact Myriad by telephone at +1.604.418.2877, or refer to Myriad's website at www.myriaduranium.com.

Myriad Contacts:
Thomas Lamb
President and CEO
tlamb@myriaduranium.com

Forward-Looking Statements

This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

The CSE has not reviewed, approved or disapproved the contents of this news release.

 

APPENDIX 1: Updated Grade Interval Tables

a) Cut-off >1,000 ppm U₃O₈ or GT>0.30 ft% (equivalent to 1,000 ppm over 3 ft / ~1 m)

Cut-off >1,000 ppm or GT>0.3 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0001	159.35	161.75	2.40	48.57	49.30	0.73	3388.2	0.81	2240.0	0.54
CAN0002	347.60	348.70	1.10	105.95	106.28	0.34	1946.0	0.21	459.1	0.05
CAN0003	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0004	225.05	229.25	4.20	68.60	69.88	1.28	5337.0	2.24	2447.8	1.03
	240.40	244.70	4.30	73.27	74.58	1.31	1429.4	0.61	1227.2	0.53
	247.30	250.30	3.00	75.38	76.29	0.91	1147.0	0.34	981.1	0.29
	254.53	262.73	8.20	77.58	80.08	2.50	2205.8	1.81	1549.6	1.27
CAN0005	390.00	395.00	5.00	118.87	120.40	1.52	2818.0	1.41	2185.8	1.09
	550.00	560.00	10.00	167.64	170.69	3.05	1520.0	1.52	1813.8	1.81
CAN0006	226.30	229.30	3.00	68.98	69.89	0.91	1364.6	0.41	2697.6	0.81
	265.40	272.90	7.50	80.89	83.18	2.29	4409.0	3.31	5936.5	4.45
	291.90	292.90	1.00	88.97	89.28	0.30	3302.0	0.33	2571.1	0.26
	312.35	320.75	8.40	95.20	97.76	2.56	1041.0	0.87	1733.4	1.46
	341.20	355.20	14.00	104.00	108.26	4.27	1407.7	1.97	2393.7	3.35
	431.00	432.60	1.60	131.37	131.86	0.49	1145.0	0.18	1396.5	0.22
	441.85	447.05	5.20	134.68	136.26	1.58	2112.5	1.10	3142.1	1.63
	454.30	456.90	2.60	138.47	139.26	0.79	1130.0	0.29	2276.1	0.59
CAN0007	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0008	278.80	285.30	6.50	84.98	86.96	1.98	2829.2	1.84	1871.2	1.22
	317.80	319.50	1.70	96.87	97.38	0.52	1899.0	0.32	1150.8	0.20
	334.85	349.65	14.80	102.06	106.57	4.51	1963.8	2.91	1558.2	2.31
CAN0009	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0010	71.85	75.45	3.60	21.90	23.00	1.10	1204.6	0.43	1120	0.40
	81.65	83.65	2.00	24.89	25.50	0.61	1147.0	0.23	696.6	0.14
	85.20	89.30	4.10	25.97	27.22	1.25	1032.8	0.42	1001.9	0.41
	271.20	274.60	3.40	82.66	83.70	1.04	2130.8	0.72	1775.3	0.60
	289.95	291.95	2.00	88.38	88.99	0.61	1332.0	0.27	681.7	0.14
	557.00	562.80	5.80	169.77	171.54	1.77	1638.1	0.95	1064.6	0.62
CAN0011	295.00	300.00	5.00	89.92	91.44	1.52	1439.0	0.72	355.5	0.18
	320.00	330.00	10.00	97.54	100.58	3.05	1769.0	1.77	276.6	0.28
	385.00	390.00	5.00	117.35	118.87	1.52	1899.0	0.95	684.3	0.34
CAN0012	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0013	298.80	310.60	11.80	91.07	94.67	3.60	1689.2	1.99	1529.8	1.81
	329.31	331.61	2.30	100.37	101.07	0.70	1157.0	0.27	1527	0.35
CAN0014	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0015	203.00	205.00	2.00	61.87	62.48	0.61	1000.0	0.20	377.6	0.08
CAN0016	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0017	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0018	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0019	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
Cut-off >1,000 ppm or GT>0.3 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0020	445.42	447.72	2.30	135.76	136.47	0.70	1408.2	0.32	1432.5	0.33
CAN0021	295.00	305.00	10.00	89.92	92.96	3.05	1511.0	1.51	1801.7	1.80
	330.00	335.00	5.00	100.58	102.11	1.52	1769.0	0.88	1141.2	0.57
CAN0022	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0023	318.16	320.46	2.30	96.98	97.68	0.70	1368.0	0.31	830.8	0.19
	444.15	456.25	12.10	135.38	139.07	3.69	1422.2	1.72	1375.5	1.66
CAN0024	326.65	337.25	10.60	99.56	102.79	3.23	3030.4	3.21	2558.5	2.71
CAN0025	85.00	90.00	5.00	25.91	27.43	1.52	1158.0	0.58	1134.1	0.57
CAN0026	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0027	502.60	504.10	1.50	153.19	153.65	0.46	1403.0	0.21	249.9	0.04
CAN0028	569.00	570.10	1.10	173.43	173.77	0.34	1262.0	0.14	931.7	0.10
CAN0029	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0030	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0031	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0032	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0033	No intervals above cut-off (>1,000 ppm U3O8 or GT>0.3 ft%)
CAN0034	144.98	157.78	12.80	44.19	48.09	3.90	1226.0	1.57	1143.3	1.46
	224.60	226.70	2.10	68.46	69.10	0.64	1781.0	0.37	559.5	0.12

 
Notes: * Grade intervals corrected to match downhole log intervals.

1) The interval lengths are "down the hole" and may not represent true width intervals as the exact nature of the mineralization distribution has not been determined yet. However, most of the holes were drilled at an inclination of 50 degrees to test a model that indicates steeply dipping mineralisation.

2) eU₃O₈ is the radiometric equivalent U₃O₈ derived from a calibrated total gamma downhole probe.

3) U₃O₈ is the chemical assay of mineralized split core samples or RC cuttings.

4) Core sampling was conducted at 3 feet intervals, adjusted to minimum of 1 foot, where appropriate.

5) Reverse Circulation sampling was conducted at 5 feet intervals.

6) Assay interval depths have been adjusted to spectral gamma probe depths, where appropriate.

7) Intervals were composited above a cut-off grade of 1,000 ppm U₃O₈, with grade below cut-off less than 1 foot being included in the total interval. Internal waste was limited to a maximum of 3 feet.

8) Abbreviations: DD = Diamond Drill, RC = Reverse Circulation.

9) "High-grade uranium" is defined by the Company as composite results with >1,000 ppm U₃O₈ and no greater than 1-foot continuous internal dilution.

 

b) Cut-off >500 ppm U₃O₈ or GT>0.15 ft% (equivalent to 500 ppm over 3 ft / ~1 m)

Cut-off >500 ppm or GT>0.15 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0001	138.05	139.75	1.70	42.08	42.60	0.52	781.0	0.13	844.9	0.14
	158.40	162.40	4.00	48.28	49.50	1.22	2306.5	0.92	1737.2	0.69
CAN0002	267.35	268.95	1.60	81.49	81.98	0.49	572.0	0.09	486.3	0.08
	323.00	325.10	2.10	98.45	99.09	0.64	559.0	0.12	362.5	0.08
	347.60	348.70	1.10	105.95	106.28	0.34	1946.0	0.21	459.1	0.05
CAN0003	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0004	222.35	238.15	15.80	67.77	72.59	4.82	1895.6	3.00	1243.6	1.96
	240.35	249.65	9.30	73.26	76.09	2.83	1190.3	1.11	1101.9	1.02
	252.85	265.75	12.90	77.07	81.00	3.93	1571.0	2.03	1141.4	1.47
	288.05	290.25	2.20	87.80	88.47	0.67	871.0	0.19	565.6	0.12
CAN0005	385.00	400.00	15.00	117.35	121.92	4.57	1488.3	2.23	1086.0	1.63
	545.00	560.00	15.00	166.12	170.69	4.57	1228.7	1.84	1560.3	2.34
	565.00	575.00	10.00	172.21	175.26	3.05	747.5	0.75	854.6	0.85
CAN0006	132.90	139.97	7.07	40.51	42.66	2.15	721.1	0.51	1708.0	1.21
	150.15	152.90	2.75	45.77	46.60	0.84	843.0	0.23	1020.8	0.28
	173.45	176.15	2.70	52.87	53.69	0.82	654.3	0.18	1463.4	0.40
	225.70	230.20	4.50	68.79	70.16	1.37	1134.7	0.51	2102.6	0.95
	265.35	272.85	7.50	80.88	83.16	2.29	4360.6	3.27	5936.5	4.45
	291.90	292.90	1.00	88.97	89.28	0.30	3302.0	0.33	2571.1	0.26
	312.35	320.75	8.40	95.20	97.76	2.56	1041.0	0.87	1733.4	1.46
	335.50	337.60	2.10	102.26	102.90	0.64	547.0	0.11	1017.8	0.21
	341.15	355.15	14.00	103.98	108.25	4.27	1407.7	1.97	2393.7	3.35
	377.85	380.85	3.00	115.17	116.08	0.91	805.0	0.24	1578.6	0.47
	408.75	416.85	8.10	124.59	127.06	2.47	660.0	0.53	1519.0	1.23
	431.00	432.60	1.60	131.37	131.86	0.49	1145.0	0.18	1396.5	0.22
	439.25	449.35	10.10	133.88	136.96	3.08	1364.1	1.38	2107.2	2.13
	454.30	456.90	2.60	138.47	139.26	0.79	1130.0	0.29	2276.1	0.59
CAN0007	370.00	375.00	5.00	112.78	114.30	1.52	561.0	0.28	234.5	0.12
	455.00	460.00	5.00	138.68	140.21	1.52	758.0	0.38	864.9	0.43
	465.00	470.00	5.00	141.73	143.26	1.52	723.0	0.36	461.3	0.23
	515.00	520.00	5.00	156.97	158.50	1.52	919.0	0.46	470.8	0.24
CAN0008	278.15	286.65	8.50	84.78	87.37	2.59	2290.3	1.95	1653.2	1.41
	317.18	320.48	3.30	96.68	97.68	1.01	1381.2	0.46	1042.6	0.34
	332.55	355.95	23.40	101.36	108.49	7.13	1466.9	3.43	1191.6	2.79
	554.05	556.25	2.20	168.87	169.55	0.67	618.0	0.14	468.8	0.10
CAN0009	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0010	71.84	75.44	3.60	21.90	22.99	1.10	1204.6	0.43	1120.0	0.40
	81.05	89.15	8.10	24.70	27.17	2.47	909.4	0.74	819.6	0.66
	269.30	277.50	8.20	82.08	84.58	2.50	1292.0	1.06	1150.6	0.94
	288.25	293.25	5.00	87.86	89.38	1.52	1017.6	0.51	597.6	0.30
	554.00	562.80	8.80	168.86	171.54	2.68	1345.2	1.18	875.7	0.77
CAN0011	200.00	215.00	15.00	60.96	65.53	4.57	699.3	1.05	303.3	0.45
	245.00	260.00	15.00	74.68	79.25	4.57	614.0	0.92	257.9	0.39
	295.00	300.00	5.00	89.92	91.44	1.52	1439.0	0.72	355.5	0.18
	305.00	310.00	5.00	92.96	94.49	1.52	564.0	0.28	189.2	0.09
	315.00	330.00	15.00	96.01	100.58	4.57	1350.7	2.03	248.4	0.37
	380.00	395.00	15.00	115.82	120.40	4.57	1095.7	1.64	398.2	0.60
Cut-off >500 ppm or GT>0.15 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0012	330.00	335.00	5.00	100.58	102.11	1.52	828.0	0.41	717.4	0.36
	425.00	430.00	5.00	129.54	131.06	1.52	571.0	0.29	416.9	0.21
CAN0013	290.94	320.14	29.20	88.68	97.58	8.90	1061.3	3.10	979.9	2.86
	322.42	336.52	14.10	98.27	102.57	4.30	717.0	1.01	1002.0	1.41
CAN0014	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0015	167.30	179.40	12.10	50.99	54.68	3.69	615.4	0.74	378.4	0.46
	199.10	208.60	9.50	60.69	63.58	2.90	545.9	0.52	347.1	0.33
	240.10	243.10	3.00	73.18	74.10	0.91	665.0	0.20	346.0	0.10
CAN0016	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0017	784.00	786.50	2.50	238.96	239.73	0.76	502.0	0.13	190.8	0.05	New
CAN0018	269.90	272.70	2.80	82.27	83.12	0.85	833.0	0.23	566.6	0.16
CAN0019	220.70	225.70	5.00	67.27	68.79	1.52	533.0	0.27	449.4	0.22	New
CAN0020	440.15	448.45	8.30	134.16	136.69	2.53	744.0	0.62	923.4	0.77
	486.10	489.40	3.30	148.16	149.17	1.01	625.8	0.21	308.6	0.10
	721.90	723.90	2.00	220.04	220.64	0.61	559.0	0.11	384.7	0.08
	736.10	738.90	2.80	224.36	225.22	0.85	516.0	0.14	292.5	0.08
CAN0021	295.00	305.00	10.00	89.92	92.96	3.05	1510.5	1.51	1801.7	1.80
	330.00	335.00	5.00	100.58	102.11	1.52	1769.0	0.88	1141.2	0.57
CAN0022	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0023	304.30	305.70	1.40	92.75	93.18	0.43	623.0	0.09	257.3	0.04	New
	315.90	321.40	5.50	96.29	97.96	1.68	957.8	0.53	611.1	0.34
	339.20	344.70	5.50	103.39	105.06	1.68	592.6	0.33	381.1	0.21
	370.70	373.90	3.20	112.99	113.96	0.98	619.0	0.20	690.5	0.22
	442.50	457.90	15.40	134.87	139.57	4.69	1259.9	1.94	1193.8	1.84
	547.40	550.40	3.00	166.85	167.76	0.91	804.0	0.24	462.2	0.14	New
CAN0024	254.52	256.82	2.30	77.58	78.28	0.70	585.0	0.13	531.5	0.12
	326.65	337.25	10.60	99.56	102.79	3.23	3030.4	3.21	2558.5	2.71
CAN0025	85.00	95.00	10.00	25.91	28.96	3.05	1010.5	1.01	986.6	0.99
CAN0026	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0027	502.60	504.10	1.50	153.19	153.65	0.46	1403.0	0.21	249.9	0.04
CAN0028	204.65	214.85	10.20	62.38	65.49	3.11	546.5	0.56	530.9	0.54
	277.80	279.80	2.00	84.67	85.28	0.61	676.0	0.14	778.0	0.16
	569.05	570.15	1.10	173.45	173.78	0.34	1262.0	0.14	795.5	0.09
CAN0029	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0030	335.00	340.00	5.00	102.11	103.63	1.52	794.0	0.40	1056.9	0.53
	435.00	440.00	5.00	132.59	134.11	1.52	848.0	0.42	1060.8	0.53
CAN0031	201.40	204.40	3.00	61.39	62.30	0.91	841.0	0.25	247.2	0.07	New
	342.70	348.70	6.00	104.45	106.28	1.83	730.5	0.44	662.1	0.40
	382.14	387.04	4.90	116.48	117.97	1.49	726.3	0.36	670.1	0.33
	432.96	435.26	2.30	131.97	132.67	0.70	908.0	0.21	500.3	0.12
	792.45	803.60	11.15	241.54	244.94	3.40	560.4	0.62	456.4	0.51
	799.00	801.00	2.00	243.54	244.14	0.61	812.0	0.16	688.3	0.14
Cut-off >500 ppm or GT>0.15 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0032	807.50	809.50	2.00	246.13	246.74	0.61	610.0	0.12	331.0	0.07
CAN0033	No intervals above cut-off (>500 ppm U3O8 or GT>0.15 ft%)
CAN0034	111.80	114.80	3.00	34.08	34.99	0.91	533.0	0.16	339.1	0.10
	117.80	120.70	2.90	35.91	36.79	0.88	515.0	0.15	578.0	0.17
	129.60	131.20	1.60	39.50	39.99	0.49	815.0	0.13	518.3	0.08
	144.25	159.15	14.90	43.97	48.51	4.54	1151.7	1.72	1080.2	1.61
	222.65	227.05	4.40	67.86	69.20	1.34	1195.7	0.53	490.2	0.22
	1489.35	1491.15	1.80	453.95	454.50	0.55	833.0	0.15	343.8	0.06

 
Notes: * Grade intervals corrected to match downhole log intervals.

1) The interval lengths are "down the hole" and may not represent true width intervals as the exact nature of the mineralization distribution has not been determined yet. However, most of the holes were drilled at an inclination of 50 degrees to test a model that indicates steeply dipping mineralisation.

2) eU₃O₈ is the radiometric equivalent U₃O₈ derived from a calibrated total gamma downhole probe.

3) U₃O₈ is the chemical assay of mineralized split core samples or RC cuttings.

4) Core sampling was conducted at 3 feet intervals, adjusted to minimum of 1 foot, where appropriate.

5) Reverse Circulation sampling was conducted at 5 feet intervals.

6) Assay interval depths have been adjusted to spectral gamma probe depths, where appropriate.

7) Intervals were composited above a cut-off grade of 500 ppm U₃O₈, with grade below cut-off less than 1 foot being included in the total interval. Internal waste was limited to a maximum of 3 feet.

8) Abbreviations: DD = Diamond Drill, RC = Reverse Circulation.

9) "High-grade uranium" is defined by the Company as composite results with >1,000 ppm U₃O₈ and no greater than 1-foot continuous internal dilution.

c) Cut-off >200 ppm U₃O₈ or GT>0.06 ft% (equivalent to 200 ppm over 3 ft / ~1 m)

Cut-off >200 ppm or GT>0.06 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0001	119.06	122.02	2.96	36.29	37.19	0.90	235.0	0.07	107.2	0.03	New
	123.98	131.20	7.22	37.79	39.99	2.20	233.3	0.17	155.4	0.11	Extended
	136.77	143.66	6.89	41.69	43.79	2.10	395.8	0.27	499.5	0.34
	152.85	162.36	9.51	46.59	49.49	2.90	1134.2	1.08	950.1	0.90
	219.10	221.07	1.97	66.78	67.38	0.60	367.0	0.07	320.1	0.06
	288.31	294.22	5.91	87.88	89.68	1.80	421.0	0.25	497.2	0.29
	309.30	312.91	3.61	94.27	95.37	1.10	209.0	0.08	82.6	0.03	New
	328.98	331.94	2.95	100.27	101.17	0.90	427.0	0.13	312.1	0.09
	349.32	354.90	5.58	106.47	108.17	1.70	313.6	0.17	161.8	0.09
	371.62	374.58	2.96	113.27	114.17	0.90	241.0	0.07	213.8	0.06	New
CAN0002	267.32	272.57	5.25	81.48	83.08	1.60	337.8	0.18	341.3	0.18
	323.08	325.05	1.97	98.47	99.08	0.60	559.0	0.11	362.5	0.07
	335.22	339.48	4.26	102.18	103.47	1.30	434.3	0.19	518.0	0.22
	346.70	350.63	3.93	105.67	106.87	1.20	726.9	0.29	278.1	0.11
	358.18	362.77	4.59	109.17	110.57	1.40	302.0	0.14	339.2	0.16
	389.66	391.63	1.97	118.77	119.37	0.60	287.0	0.06	193.8	0.04
	435.26	438.21	2.95	132.67	133.57	0.90	215.0	0.06	44.1	0.01	New
CAN0003	285.00	290.00	5.00	86.87	88.39	1.52	266.0	0.13	540.1	0.27
	345.00	350.00	5.00	105.16	106.68	1.52	205.0	0.10	239.9	0.12
	355.00	360.00	5.00	108.20	109.73	1.52	226.0	0.11	367.9	0.18
	415.00	420.00	5.00	126.49	128.02	1.52	331.0	0.17	Not available
CAN0004	222.71	266.66	43.95	67.88	81.28	13.40	1430.1	6.29	1073.4	4.72
	277.82	292.90	15.08	84.68	89.28	4.60	351.1	0.53	314.9	0.47
	304.38	308.98	4.60	92.78	94.18	1.40	393.9	0.18	479.6	0.22
CAN0005	340.00	345.00	5.00	103.63	105.16	1.52	412.0	0.21	291.1	0.15
	385.00	405.00	20.00	117.35	123.44	6.10	1166.8	2.33	844.1	1.69
	410.00	415.00	5.00	124.97	126.49	1.52	369.0	0.18	234.3	0.12
	515.00	520.00	5.00	156.97	158.50	1.52	471.0	0.24	182.2	0.09
	525.00	530.00	5.00	160.02	161.54	1.52	338.0	0.17	269.8	0.13
	545.00	575.00	30.00	166.12	175.26	9.14	941.0	2.82	1365.1	4.10
	580.00	585.00	5.00	176.78	178.31	1.52	236.0	0.12	288.6	0.14
CAN0006	30.83	32.47	1.64	9.40	9.90	0.50	231.0	0.04	111.3	0.02
	130.54	143.01	12.47	39.79	43.59	3.80	556.7	0.69	1285.8	1.60
	148.58	156.78	8.20	45.29	47.79	2.50	424.0	0.35	695.0	0.57
	173.51	181.38	7.87	52.89	55.28	2.40	451.0	0.35	1606.6	1.26
	199.42	202.05	2.63	60.78	61.58	0.80	311.0	0.08	456.8	0.12
	223.37	232.22	8.85	68.08	70.78	2.70	765.6	0.68	1389.3	1.23
	234.85	236.49	1.64	71.58	72.08	0.50	343.0	0.06	603.5	0.10
	262.40	274.54	12.14	79.98	83.68	3.70	2867.0	3.48	3825.9	4.64	Extended
	290.94	293.89	2.95	88.68	89.58	0.90	1238.0	0.37	1680.5	0.50
	303.07	326.69	23.62	92.38	99.58	7.20	578.6	1.37	1003.6	2.37
	335.22	361.13	25.91	102.18	110.07	7.90	912.4	2.36	1800.9	4.67
	374.58	382.12	7.54	114.17	116.47	2.30	540.0	0.41	1217.2	0.92
	408.69	416.89	8.20	124.57	127.07	2.50	660.0	0.54	1519.0	1.25
	430.01	432.96	2.95	131.07	131.97	0.90	808.8	0.24	1092.3	0.32
	439.19	456.90	17.71	133.87	139.26	5.40	998.9	1.77	1781.9	3.16
Cut-off >200 ppm or GT>0.06 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0007	310.00	315.00	5.00	94.49	96.01	1.52	334.0	0.17	208.3	0.10
	365.00	375.00	10.00	111.25	114.30	3.05	387.0	0.39	167.5	0.17
	455.00	460.00	5.00	138.68	140.21	1.52	758.0	0.38	864.9	0.43
	465.00	470.00	5.00	141.73	143.26	1.52	723.0	0.36	461.3	0.23
	480.00	485.00	5.00	146.30	147.83	1.52	366.0	0.18	336.1	0.17
	510.00	525.00	15.00	155.45	160.02	4.57	495.0	0.74	450.0	0.68
	535.00	540.00	5.00	163.07	164.59	1.52	373.0	0.19	670.3	0.34
CAN0008	220.09	228.29	8.20	67.08	69.58	2.50	275.6	0.23	228.9	0.19	Extended
	277.49	287.33	9.84	84.58	87.58	3.00	2024.8	1.99	1509.2	1.49
	317.18	320.46	3.28	96.68	97.68	1.00	1381.2	0.45	1042.6	0.34
	332.26	355.55	23.29	101.27	108.37	7.10	1466.9	3.42	1191.6	2.78
	399.83	408.03	8.20	121.87	124.37	2.50	282.0	0.23	89.3	0.07	Extended
	523.84	526.84	3.00	159.67	160.58	0.91	219.0	0.07	176.5	0.05
	553.34	558.58	5.24	168.66	170.26	1.60	466.8	0.24	399.0	0.21
	574.00	579.25	5.25	174.96	176.56	1.60	368.2	0.19	169.8	0.09	Extended
CAN0009	No intervals above cut-off (>200 ppm U3O8 or GT>0.06 ft%)
CAN0010	70.52	89.22	18.70	21.49	27.19	5.70	698.2	1.31	690.3	1.29
	118.41	131.86	13.45	36.09	40.19	4.10	380.3	0.51	330.2	0.44
	269.29	293.56	24.27	82.08	89.48	7.40	776.7	1.89	623.9	1.51
	303.40	306.68	3.28	92.48	93.48	1.00	337.0	0.11	141.4	0.05
	432.30	434.93	2.63	131.77	132.57	0.80	478.0	0.13	246.4	0.06
	553.34	562.19	8.85	168.66	171.36	2.70	1345.2	1.19	1006.7	0.89
CAN0011	200.00	220.00	20.00	60.96	67.06	6.10	624.5	1.25	291.1	0.58
	225.00	275.00	50.00	68.58	83.82	15.24	402.9	2.01	266.9	1.33
	290.00	345.00	55.00	88.39	105.16	16.76	780.5	4.29	238.2	1.31
	350.00	355.00	5.00	106.68	108.20	1.52	219.0	0.11	186.8	0.09
	360.00	365.00	5.00	109.73	111.25	1.52	374.0	0.19	250.2	0.13
	370.00	395.00	25.00	112.78	120.40	7.62	796.0	1.99	321.2	0.80
CAN0012	330.00	340.00	10.00	100.58	103.63	3.05	634.0	0.63	540.3	0.54
	360.00	365.00	5.00	109.73	111.25	1.52	225.0	0.11	127.0	0.06
	370.00	375.00	5.00	112.78	114.30	1.52	204.0	0.10	70.3	0.04
	425.00	435.00	10.00	129.54	132.59	3.05	399.5	0.40	283.4	0.28
	445.00	450.00	5.00	135.64	137.16	1.52	237.0	0.12	48.6	0.02
CAN0013	290.94	336.86	45.92	88.68	102.67	14.00	916.3	4.21	961.6	4.42
	620.58	626.15	5.57	189.15	190.85	1.70	335.7	0.19	290.7	0.16
CAN0014	555.00	565.00	10.00	169.16	172.21	3.05	260.0	0.26	490.2	0.49
	570.00	575.00	5.00	173.74	175.26	1.52	217.0	0.11	952.2	0.48
	695.00	700.00	5.00	211.84	213.36	1.52	316.0	0.16	Not available
CAN0015	36.74	39.03	2.29	11.20	11.90	0.70	224.0	0.05	144.5	0.03
	53.14	56.09	2.95	16.20	17.10	0.90	212.0	0.06	135.4	0.04
	132.51	135.14	2.63	40.39	41.19	0.80	274.0	0.07	122.1	0.03
	165.97	183.68	17.71	50.59	55.99	5.40	524.1	0.93	329.3	0.58
	189.58	211.89	22.31	57.78	64.58	6.80	419.3	0.94	304.2	0.68
	217.14	220.09	2.95	66.18	67.08	0.90	306.2	0.09	376.4	0.11
	229.60	249.94	20.34	69.98	76.18	6.20	314.5	0.64	264.1	0.54
	253.22	261.74	8.53	77.18	79.78	2.60	323.1	0.28	245.8	0.21
	265.02	285.69	20.67	80.78	87.08	6.30	229.2	0.47	206.7	0.43	Extended
	676.66	678.63	1.97	206.25	206.85	0.60	311.0	0.06	256.8	0.05
	717.66	722.91	5.25	218.74	220.34	1.60	348.0	0.18	333.8	0.18
	784.25	787.53	3.28	239.04	240.04	1.00	328.0	0.11	152.0	0.05
	840.30	846.30	6.00	256.12	257.95	1.83	328.0	0.20	Not available		New
Cut-off >200 ppm or GT>0.06 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0016	535.00	540.00	5.00	163.07	164.59	1.52	205.0	0.10	156.3	0.08
CAN0017	559.90	561.54	1.64	170.66	171.16	0.50	249.0	0.04	316.9	0.05	New
	747.18	757.68	10.50	227.74	230.94	3.20	222.8	0.23	178.7	0.19
	783.92	786.54	2.62	238.94	239.74	0.80	502.0	0.13	190.8	0.05	New
CAN0018	269.29	273.55	4.26	82.08	83.38	1.30	833.0	0.36	450.5	0.19
CAN0019	215.00	230.00	15.00	65.53	70.10	4.57	372.0	0.56	336.4	0.50	Extended
	255.00	260.00	5.00	77.72	79.25	1.52	230.0	0.12	399.0	0.20
	270.00	280.00	10.00	82.30	85.34	3.05	336.0	0.34	590.2	0.59
	295.00	305.00	10.00	89.92	92.96	3.05	305.0	0.31	506.1	0.51
	585.00	590.00	5.00	178.31	179.83	1.52	370.0	0.19	574.2	0.29
CAN0020	415.58	418.53	2.95	126.67	127.57	0.90	403.0	0.12	173.3	0.05	New
	438.86	449.03	10.17	133.76	136.86	3.10	673.4	0.68	822.9	0.84
	486.10	489.38	3.28	148.16	149.16	1.00	625.8	0.21	308.6	0.10
	518.57	521.19	2.62	158.06	158.86	0.80	246.0	0.06	205.8	0.05
	641.90	643.86	1.96	195.65	196.25	0.60	225.0	0.04	118.3	0.02
	721.93	723.90	1.97	220.04	220.64	0.60	559.0	0.11	384.7	0.08
	733.08	740.30	7.22	223.44	225.64	2.20	361.1	0.26	215.0	0.16
	942.67	945.62	2.95	287.33	288.22	0.90	427.0	0.13	62.6	0.02	New
	953.17	956.12	2.95	290.53	291.43	0.90	200.0	0.06	46.6	0.01	New
CAN0021	125.00	130.00	5.00	38.10	39.62	1.52	320.0	0.16	320.3	0.16
	225.00	230.00	5.00	68.58	70.10	1.52	328.0	0.16	242.3	0.12
	295.00	315.00	20.00	89.92	96.01	6.10	926.8	1.85	1047.0	2.09
	320.00	340.00	20.00	97.54	103.63	6.10	613.3	1.23	535.5	1.07
CAN0022	485.00	490.00	5.00	147.83	149.35	1.52	271.0	0.14	266.0	0.13
CAN0023	280.44	285.36	4.92	85.48	86.98	1.50	296.3	0.15	208.0	0.10
	289.30	291.59	2.29	88.18	88.88	0.70	206.0	0.05	271.7	0.06
	297.17	306.02	8.85	90.58	93.27	2.70	345.5	0.31	225.8	0.20
	316.19	321.77	5.58	96.37	98.08	1.70	957.8	0.53	608.7	0.34
	334.89	344.73	9.84	102.07	105.07	3.00	457.7	0.45	320.1	0.31
	369.00	375.23	6.23	112.47	114.37	1.90	461.7	0.29	558.0	0.35	Extended
	442.14	461.17	19.03	134.76	140.56	5.80	1095.9	2.09	1016.5	1.93
	547.43	550.38	2.95	166.86	167.76	0.90	804.0	0.24	462.2	0.14	New
CAN0024	224.68	226.65	1.97	68.48	69.08	0.60	382.0	0.08	404.1	0.08	New
	252.23	258.79	6.56	76.88	78.88	2.00	319.1	0.21	348.5	0.23	Extended
	325.05	337.84	12.79	99.08	102.97	3.90	2546.9	3.26	2241.3	2.87
	570.06	572.36	2.30	173.75	174.46	0.70	292.0	0.07	246.1	0.06	New
Cut-off >200 ppm or GT>0.06 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0025	80.00	100.00	20.00	24.38	30.48	6.10	669.5	1.34	663.3	1.33
	260.00	270.00	10.00	79.25	82.30	3.05	234.0	0.23	220.6	0.22	Extended
	285.00	290.00	5.00	86.87	88.39	1.52	257.0	0.13	477.7	0.24
CAN0026	205.00	215.00	10.00	62.48	65.53	3.05	279.5	0.28	233.2	0.23
	245.00	250.00	5.00	74.68	76.20	1.52	211.0	0.11	153.9	0.08
	265.00	275.00	10.00	80.77	83.82	3.05	356.5	0.36	273.8	0.27
	280.00	290.00	10.00	85.34	88.39	3.05	316.5	0.32	441.1	0.44
	295.00	300.00	5.00	89.92	91.44	1.52	226.0	0.11	183.1	0.09
CAN0027	329.64	331.61	1.97	100.47	101.07	0.60	588.0	0.12	270.7	0.05	New
	334.56	336.86	2.30	101.97	102.67	0.70	321.0	0.07	17.6	0.00
	348.34	352.27	3.94	106.17	107.37	1.20	260.2	0.10	86.4	0.03
	366.05	374.25	8.20	111.57	114.07	2.50	264.9	0.22	334.1	0.27
	455.59	458.87	3.28	138.86	139.86	1.00	447.0	0.15	375.2	0.12
	462.81	465.76	2.95	141.06	141.96	0.90	303.0	0.09	343.8	0.10
	492.33	495.28	2.95	150.06	150.96	0.90	373.0	0.11	486.7	0.14
	502.50	504.14	1.64	153.16	153.66	0.50	1403.0	0.23	250.0	0.04
CAN0028	198.77	214.84	16.07	60.59	65.48	4.90	437.0	0.70	468.9	0.75
	224.02	226.65	2.63	68.28	69.08	0.80	262.0	0.07	127.2	0.03	New
	277.16	287.00	9.84	84.48	87.48	3.00	380.1	0.37	472.8	0.47
	367.69	370.64	2.95	112.07	112.97	0.90	466.0	0.14	84.9	0.03	New
	504.79	508.40	3.61	153.86	154.96	1.10	232.0	0.08	90.6	0.03	New
	567.44	571.05	3.61	172.96	174.06	1.10	565.6	0.20	559.6	0.20
CAN0029	260.00	300.00	40.00	79.25	91.44	12.19	309.1	1.24	406.4	1.63
CAN0030	215.00	220.00	5.00	65.53	67.06	1.52	225.0	0.11	312.9	0.16
	225.00	235.00	10.00	68.58	71.63	3.05	307.5	0.31	343.8	0.34
	330.00	350.00	20.00	100.58	106.68	6.10	417.5	0.84	700.2	1.40
	360.00	365.00	5.00	109.73	111.25	1.52	210.0	0.11	179.8	0.09
	390.00	400.00	10.00	118.87	121.92	3.05	233.5	0.23	279.3	0.28
	405.00	410.00	5.00	123.44	124.97	1.52	228.0	0.11	334.2	0.17
	415.00	420.00	5.00	126.49	128.02	1.52	210.0	0.11	162.6	0.08
	435.00	445.00	10.00	132.59	135.64	3.05	527.0	0.53	590.5	0.59
CAN0031	201.06	204.02	2.96	61.28	62.19	0.90	841.0	0.25	245.5	0.07	New
	300.78	313.24	12.46	91.68	95.48	3.80	304.7	0.38	245.6	0.31
	341.78	354.24	12.46	104.17	107.97	3.80	564.9	0.70	561.4	0.70
	369.66	372.61	2.95	112.67	113.57	0.90	287.0	0.08	256.7	0.08
	378.18	388.35	10.17	115.27	118.37	3.10	471.5	0.48	544.3	0.55
	391.96	401.80	9.84	119.47	122.47	3.00	261.4	0.26	570.4	0.56
	415.58	419.18	3.60	126.67	127.77	1.10	275.3	0.10	680.3	0.24
	431.65	439.19	7.54	131.57	133.87	2.30	464.8	0.35	410.2	0.31
	787.20	795.73	8.53	239.94	242.54	2.60	319.4	0.27	268.8	0.23
	798.02	803.93	5.91	243.24	245.04	1.80	618.1	0.37	516.5	0.31
	829.51	832.46	2.95	252.83	253.73	0.90	202.0	0.06	258.2	0.08
	838.04	839.68	1.64	255.43	255.93	0.50	458.0	0.08	110.3	0.02	New
	1005.98	1015.49	9.51	306.62	309.52	2.90	323.0	0.31	393.6	0.37
	1022.05	1026.97	4.92	311.52	313.02	1.50	353.2	0.17	223.9	0.11	Extended
Cut-off >200 ppm or GT>0.06 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0032	329.97	332.92	2.95	100.57	101.47	0.90	402.0	0.12	79.8	0.02	New
	422.46	424.43	1.97	128.77	129.37	0.60	349.0	0.07	170.7	0.03
	777.36	784.25	6.89	236.94	239.04	2.10	275.7	0.19	257.0	0.18
	807.21	810.49	3.28	246.04	247.04	1.00	463.8	0.15	276.9	0.09
CAN0033	390.00	395.00	5.00	118.87	120.40	1.52	212.0	0.11	408.8	0.20
	415.00	420.00	5.00	126.49	128.02	1.52	292.0	0.15	341.5	0.17
	425.00	435.00	10.00	129.54	132.59	3.05	327.5	0.33	379.9	0.38
CAN0034	111.52	132.18	20.66	33.99	40.29	6.30	386.3	0.80	364.8	0.75
	140.38	170.56	30.18	42.79	51.99	9.20	744.0	2.25	672.7	2.03
	195.16	200.08	4.92	59.48	60.98	1.50	246.1	0.12	126.1	0.06	Extended
	222.71	226.98	4.27	67.88	69.18	1.30	1195.7	0.51	490.2	0.21
	334.89	342.10	7.21	102.07	104.27	2.20	431.0	0.31	255.5	0.18
	440.83	443.46	2.63	134.36	135.17	0.80	456.0	0.12	207.8	0.05
	541.53	548.42	6.89	165.06	167.16	2.10	482.0	0.33	168.4	0.12
	1463.21	1466.16	2.95	445.99	446.89	0.90	362.0	0.11	207.6	0.06
	1489.45	1491.09	1.64	453.98	454.48	0.50	833.0	0.14	343.8	0.06

  
Notes: * Grade intervals adjusted to match downhole log intervals.

1) The interval lengths are "down the hole" and may not represent true width intervals as the exact nature of the mineralization distribution has not been determined yet. However, most of the holes were drilled at an inclination of 50 degrees to test a model that indicates steeply dipping mineralisation.

2) eU₃O₈ is the radiometric equivalent U₃O₈ derived from a calibrated total gamma downhole probe.

3) U₃O₈ is the chemical assay of mineralized split core samples or RC cuttings.

2) Core sampling was conducted at 3 feet intervals, adjusted to minimum of 1 foot, where appropriate.

3) Reverse Circulation sampling was conducted at 5 feet intervals.

4) Assay interval depths have been adjusted to spectral gamma probe depths, where appropriate.

5) Intervals were composited above a cut-off grade of 200 ppm U₃O₈, with grade below cut-off less than 1 foot being included in the total interval. Internal waste was limited to a maximum of 3 feet.

6) Abbreviations: DD = Diamond Drill, RC = Reverse Circulation.

7) "High-grade uranium" is defined by the Company as composite results with >1,000 ppm U₃O₈ and no greater than 1-foot continuous internal dilution.
  

d) Cut-off >100 ppm U₃O₈ or GT>0.03 ft% (equivalent to 100 ppm over 3 ft / ~1 m)

Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0001	103.26	108.96	5.70	31.47	33.21	1.74	150.2	0.09	87.9	0.05	Extended
	119.03	131.23	12.20	36.28	40.00	3.72	192.6	0.23	130.2	0.16	Extended
	136.77	143.67	6.90	41.69	43.79	2.10	395.8	0.27	499.5	0.34
	152.81	167.31	14.50	46.58	51.00	4.42	804.5	1.17	694.7	1.01
	172.19	174.19	2.00	52.48	53.09	0.61	197.0	0.04	210.8	0.04
	214.17	222.07	7.90	65.28	67.69	2.41	195.1	0.15	180.5	0.14
	231.57	234.85	3.28	70.58	71.58	1.00	114.0	0.04	721.0	0.24
	278.80	281.75	2.95	84.98	85.88	0.90	134.0	0.04	129.4	0.04
	285.03	299.14	14.11	86.88	91.18	4.30	259.8	0.37	339.2	0.48
	303.07	306.02	2.95	92.38	93.27	0.90	123.0	0.04	145.8	0.04
	309.25	312.95	3.70	94.26	95.39	1.13	209.0	0.08	82.6	0.03	New
	328.98	333.58	4.60	100.27	101.68	1.40	327.9	0.15	268.4	0.12
	349.32	354.90	5.58	106.47	108.17	1.70	313.6	0.18	161.8	0.09
	371.60	374.60	3.00	113.26	114.18	0.91	241.0	0.07	213.8	0.06	New
	391.30	401.47	10.17	119.27	122.37	3.10	135.6	0.14	130.3	0.13
	416.23	421.81	5.58	126.87	128.57	1.70	124.1	0.07	111.6	0.06
	470.00	474.30	4.30	143.26	144.57	1.31	162.7	0.07	124.3	0.05	Extended
CAN0002	266.62	275.22	8.60	81.27	83.89	2.62	278.2	0.24	294.5	0.25	Extended
	279.50	282.40	2.90	85.19	86.08	0.88	187.0	0.05	137.6	0.04
	297.80	300.80	3.00	90.77	91.68	0.91	146.0	0.04	72.9	0.02	New
	322.40	328.00	5.60	98.27	99.97	1.71	300.4	0.17	237.5	0.13	Extended
	334.55	339.85	5.30	101.97	103.59	1.62	366.4	0.19	445.3	0.24
	343.42	350.62	7.20	104.67	106.87	2.19	437.4	0.31	200.1	0.14
	357.52	364.42	6.90	108.97	111.08	2.10	242.8	0.17	302.5	0.21
	384.42	393.92	9.50	117.17	120.07	2.90	166.4	0.16	112.0	0.11	Extended
	435.26	438.26	3.00	132.67	133.58	0.91	215.0	0.06	44.1	0.01	New
	489.00	494.00	5.00	149.05	150.57	1.52	122.0	0.06	Not available		Extended
CAN0003	285.00	300.00	15.00	86.87	91.44	4.57	191.3	0.29	387.4	0.58
	305.00	310.00	5.00	92.96	94.49	1.52	105.0	0.05	232.0	0.12
	335.00	350.00	15.00	102.11	106.68	4.57	195.0	0.29	392.0	0.59
	355.00	370.00	15.00	108.20	112.78	4.57	162.7	0.24	301.7	0.45
	385.00	390.00	5.00	117.35	118.87	1.52	119.0	0.06	Not available
	415.00	420.00	5.00	126.49	128.02	1.52	331.0	0.17	Not available
	465.00	470.00	5.00	141.73	143.26	1.52	112.0	0.06	Not available
	475.00	480.00	5.00	144.78	146.30	1.52	130.0	0.07	Not available
CAN0004	222.02	293.62	71.60	67.67	89.50	21.82	1045.0	7.48	767.2	5.49
	302.00	310.00	8.00	92.05	94.49	2.44	276.2	0.22	346.6	0.28	Extended
CAN0005	340.00	350.00	10.00	103.63	106.68	3.05	299.5	0.30	295.7	0.30
	370.00	375.00	5.00	112.78	114.30	1.52	167.0	0.08	56.5	0.03
	385.00	405.00	20.00	117.35	123.44	6.10	1166.8	2.33	844.1	1.69
	410.00	415.00	5.00	124.97	126.49	1.52	369.0	0.18	234.3	0.12
	510.00	540.00	30.00	155.45	164.59	9.14	217.7	0.65	352.3	1.06
	545.00	585.00	40.00	166.12	178.31	12.19	756.1	3.02	1110.0	4.44
CAN0006	30.80	32.50	1.70	9.39	9.91	0.52	231.0	0.04	111.3	0.02
	37.04	40.04	3.00	11.29	12.20	0.91	115.0	0.03	72.7	0.02	New
	131.50	156.80	25.30	40.08	47.79	7.71	435.7	1.10	900.2	2.28
	172.80	183.10	10.30	52.67	55.81	3.14	382.3	0.39	1349.0	1.39
	195.10	201.80	6.70	59.47	61.51	2.04	165.1	0.11	350.2	0.23
	223.45	232.15	8.70	68.11	70.76	2.65	765.6	0.67	1389.3	1.21
	234.90	236.40	1.50	71.60	72.05	0.46	343.0	0.05	603.5	0.09
	262.45	274.45	12.00	79.99	83.65	3.66	2867.0	3.44	3825.9	4.59	Extended
	290.90	293.90	3.00	88.67	89.58	0.91	1238.0	0.37	1680.5	0.50
	303.10	326.60	23.50	92.38	99.55	7.16	578.6	1.36	1003.6	2.36
	334.60	362.40	27.80	101.99	110.46	8.47	857.0	2.38	1693.3	4.71
	374.30	387.00	12.70	114.09	117.96	3.87	383.8	0.49	1001.8	1.27
	408.74	416.84	8.10	124.58	127.05	2.47	660.0	0.53	1519.0	1.23
	430.05	432.95	2.90	131.08	131.96	0.88	808.8	0.23	1092.3	0.32
	439.20	456.90	17.70	133.87	139.26	5.39	998.9	1.77	1781.9	3.15
Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0007	310.00	315.00	5.00	94.49	96.01	1.52	334.0	0.17	208.3	0.10
	320.00	325.00	5.00	97.54	99.06	1.52	189.0	0.09	64.1	0.03
	365.00	375.00	10.00	111.25	114.30	3.05	387.0	0.39	167.5	0.17
	395.00	400.00	5.00	120.40	121.92	1.52	165.0	0.08	127.8	0.06
	455.00	475.00	20.00	138.68	144.78	6.10	462.5	0.93	457.2	0.91
	480.00	490.00	10.00	146.30	149.35	3.05	258.5	0.26	283.1	0.28
	510.00	540.00	30.00	155.45	164.59	9.14	354.2	1.06	453.6	1.36
CAN0008	220.09	228.29	8.20	67.08	69.58	2.50	275.6	0.23	228.9	0.19	Extended
	277.45	287.35	9.90	84.57	87.58	3.02	2024.8	2.00	1509.2	1.49
	315.86	321.76	5.90	96.27	98.07	1.80	832.9	0.49	863.8	0.51
	329.30	360.80	31.50	100.37	109.97	9.60	1122.2	3.53	933.7	2.94	Extended
	376.25	383.75	7.50	114.68	116.97	2.29	115.1	0.09	120.2	0.09	Extended
	392.00	408.00	16.00	119.48	124.36	4.88	210.9	0.34	86.1	0.14	Extended
	472.65	487.45	14.80	144.06	148.57	4.51	140.9	0.21	108.7	0.16	Extended
	515.35	527.35	12.00	157.08	160.74	3.66	168.5	0.20	180.2	0.22
	534.35	543.15	8.80	162.87	165.55	2.68	114.3	0.10	163.7	0.14	Extended
	550.45	568.35	17.90	167.78	173.23	5.46	252.9	0.45	270.0	0.48
	574.00	579.30	5.30	174.96	176.57	1.62	368.2	0.20	169.8	0.09	Extended
CAN0009	260.00	270.00	10.00	79.25	82.30	3.05	139.5	0.14	200.0	0.20
CAN0010	70.50	89.30	18.80	21.49	27.22	5.73	698.2	1.31	690.3	1.30
	118.45	138.05	19.60	36.10	42.08	5.97	291.9	0.57	238.9	0.47	Extended
	268.95	295.25	26.30	81.98	89.99	8.02	720.6	1.90	594.0	1.56
	303.40	306.70	3.30	92.48	93.48	1.01	337.0	0.11	141.4	0.05
	431.30	435.60	4.30	131.46	132.77	1.31	351.5	0.15	203.5	0.09
	549.40	567.70	18.30	167.46	173.03	5.58	727.5	1.33	769.6	1.41
CAN0011	195.00	220.00	25.00	59.44	67.06	7.62	531.4	1.33	262.4	0.66
	225.00	355.00	130.00	68.58	108.20	39.62	517.0	6.72	234.9	3.05
	360.00	395.00	35.00	109.73	120.40	10.67	644.6	2.26	285.5	1.00
CAN0012	105.00	115.00	10.00	32.00	35.05	3.05	115.5	0.12	115.1	0.12
	320.00	375.00	55.00	97.54	114.30	16.76	244.3	1.34	251.7	1.38
	425.00	450.00	25.00	129.54	137.16	7.62	270.2	0.68	165.6	0.41
	455.00	475.00	20.00	138.68	144.78	6.10	145.8	0.29	160.1	0.32
Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0013	289.62	338.82	49.20	88.28	103.27	15.00	866.9	4.26	922.7	4.54
	360.80	370.00	9.20	109.97	112.78	2.80	143.5	0.13	116.2	0.11	Extended
	376.50	379.60	3.10	114.76	115.70	0.94	115.0	0.04	92.8	0.03	New
	402.80	405.70	2.90	122.77	123.66	0.88	126.0	0.04	138.4	0.04
	455.90	458.90	3.00	138.96	139.87	0.91	136.0	0.04	80.9	0.02	New
	488.70	494.70	6.00	148.96	150.78	1.83	151.5	0.09	109.9	0.07	Extended
	613.36	630.06	16.70	186.95	192.04	5.09	194.3	0.32	215.2	0.36
	637.95	640.95	3.00	194.45	195.36	0.91	108.0	0.03	58.8	0.02	New
CAN0014	435.00	440.00	5.00	132.59	134.11	1.52	184.0	0.09	131.8	0.07
	495.00	500.00	5.00	150.88	152.40	1.52	114.0	0.06	208.5	0.10
	525.00	530.00	5.00	160.02	161.54	1.52	116.0	0.06	267.0	0.13
	555.00	585.00	30.00	169.16	178.31	9.14	202.0	0.61	477.6	1.43
	690.00	710.00	20.00	210.31	216.41	6.10	169.3	0.34	Not available
CAN0015	36.74	39.04	2.30	11.20	11.90	0.70	224.0	0.05	144.5	0.03
	47.89	56.09	8.20	14.60	17.10	2.50	180.8	0.15	103.8	0.09	Extended
	132.50	135.10	2.60	40.39	41.18	0.79	274.0	0.07	122.1	0.03
	165.95	289.65	123.70	50.58	88.29	37.70	304.0	3.76	248.6	3.08	Extended
	676.70	678.60	1.90	206.26	206.84	0.58	311.0	0.06	256.8	0.05
	708.80	723.20	14.40	216.04	220.43	4.39	205.1	0.30	193.4	0.28	Extended
	754.73	760.63	5.90	230.04	231.84	1.80	136.4	0.08	171.2	0.10
	784.25	790.45	6.20	239.04	240.93	1.89	254.5	0.16	124.7	0.08	Extended
	837.10	849.30	12.20	255.15	258.87	3.72	218.4	0.27	Not available		Extended
CAN0016	530.00	540.00	10.00	161.54	164.59	3.05	191.0	0.19	216.1	0.22
CAN0017	403.77	411.97	8.20	123.07	125.57	2.50	123.9	0.10	153.7	0.13
	449.00	452.00	3.00	136.86	137.77	0.91	182.0	0.05	131.4	0.04
	559.90	561.50	1.60	170.66	171.15	0.49	249.0	0.04	316.9	0.05
	566.15	568.75	2.60	172.56	173.36	0.79	136.0	0.04	213.0	0.06
	735.05	759.05	24.00	224.04	231.36	7.32	171.6	0.41	142.1	0.34	Extended
	783.95	786.45	2.50	238.95	239.71	0.76	502.0	0.13	190.8	0.05	New
	797.10	800.10	3.00	242.96	243.87	0.91	179.0	0.05	Not available		New
CAN0018	206.64	209.94	3.30	62.98	63.99	1.01	129.0	0.04	87.5	0.03
	268.30	273.90	5.60	81.78	83.48	1.71	476.4	0.27	385.5	0.22
	286.35	289.95	3.60	87.28	88.38	1.10	144.0	0.05	159.4	0.06
CAN0019	215.00	230.00	15.00	65.53	70.10	4.57	372.0	0.56	336.4	0.50	Extended
	235.00	280.00	45.00	71.63	85.34	13.72	213.3	0.96	377.4	1.70
	285.00	290.00	5.00	86.87	88.39	1.52	105.0	0.05	195.8	0.10
	295.00	310.00	15.00	89.92	94.49	4.57	256.0	0.38	390.9	0.59
	315.00	320.00	5.00	96.01	97.54	1.52	117.0	0.06	350.7	0.18
	330.00	335.00	5.00	100.58	102.11	1.52	115.0	0.06	134.3	0.07
	505.00	510.00	5.00	153.92	155.45	1.52	102.0	0.05	108.5	0.05
	585.00	590.00	5.00	178.31	179.83	1.52	370.0	0.19	574.2	0.29
Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0020	339.55	342.55	3.00	103.49	104.41	0.91	139.0	0.04	78.1	0.02	New
	392.60	395.90	3.30	119.66	120.67	1.01	145.0	0.05	112.6	0.04	New
	415.55	421.55	6.00	126.66	128.49	1.83	275.0	0.17	96.3	0.06	New
	427.75	430.95	3.20	130.38	131.35	0.98	101.0	0.03	84.7	0.03	New
	438.20	449.70	11.50	133.56	137.07	3.51	613.1	0.71	751.9	0.86
	486.10	489.40	3.30	148.16	149.17	1.01	625.8	0.21	308.6	0.10
	499.80	503.20	3.40	152.34	153.38	1.04	110.3	0.04	208.8	0.07
	516.20	521.90	5.70	157.34	159.08	1.74	209.7	0.12	186.2	0.11
	532.00	537.00	5.00	162.15	163.68	1.52	140.6	0.07	206.5	0.10
	570.05	573.05	3.00	173.75	174.67	0.91	142.0	0.04	143.3	0.04	New
	589.05	592.05	3.00	179.54	180.46	0.91	114.0	0.03	92.4	0.03	New
	635.66	646.16	10.50	193.75	196.95	3.20	147.5	0.15	102.4	0.11	Extended
	714.35	717.35	3.00	217.73	218.65	0.91	108.0	0.03	46.2	0.01	New
	721.90	723.90	2.00	220.04	220.64	0.61	559.0	0.11	384.7	0.08
	732.85	740.25	7.40	223.37	225.63	2.26	361.1	0.27	210.0	0.16
	775.70	778.70	3.00	236.43	237.35	0.91	108.0	0.03	68.9	0.02	New
	942.65	945.65	3.00	287.32	288.23	0.91	427.0	0.13	62.6	0.02	New
	947.60	956.10	8.50	288.83	291.42	2.59	132.0	0.11	113.1	0.10	Extended
CAN0021	125.00	130.00	5.00	38.10	39.62	1.52	320.0	0.16	182.3	0.09
	225.00	230.00	5.00	68.58	70.10	1.52	328.0	0.16	242.3	0.12
	295.00	315.00	20.00	89.92	96.01	6.10	926.8	1.85	1047.0	2.09
	320.00	340.00	20.00	97.54	103.63	6.10	613.3	1.23	535.5	1.07
CAN0022	415.00	420.00	5.00	126.49	128.02	1.52	114.0	0.06	200.9	0.10
	485.00	490.00	5.00	147.83	149.35	1.52	271.0	0.14	214.0	0.11
	705.00	710.00	5.00	214.88	216.41	1.52	134.0	0.07	187.9	0.09
CAN0023	280.15	306.35	26.20	85.39	93.38	7.99	239.0	0.63	186.6	0.49	Extended
	311.30	323.70	12.40	94.88	98.66	3.78	464.0	0.58	414.6	0.51	Extended
	335.30	345.00	9.70	102.20	105.16	2.96	457.7	0.44	319.3	0.31
	367.70	376.90	9.20	112.07	114.88	2.80	371.8	0.34	421.7	0.39	Extended
	413.35	417.15	3.80	125.99	127.15	1.16	158.0	0.06	116.6	0.04	New
	430.34	436.24	5.90	131.17	132.97	1.80	143.7	0.08	91.6	0.05
	441.15	462.15	21.00	134.46	140.86	6.40	1004.1	2.11	938.4	1.97
	547.40	550.40	3.00	166.85	167.76	0.91	804.0	0.24	462.2	0.14	New
	717.00	723.60	6.60	218.54	220.55	2.01	126.5	0.08	101.5	0.07
CAN0024	224.65	226.65	2.00	68.47	69.08	0.61	382.0	0.08	404.1	0.08	New
	249.62	259.12	9.50	76.08	78.98	2.90	258.4	0.25	278.5	0.26	Extended
	281.10	282.70	1.60	85.68	86.17	0.49	297.0	0.05	174.5	0.03
	322.35	339.55	17.20	98.25	103.49	5.24	1921.6	3.31	1741.3	3.00	Extended
	558.95	561.85	2.90	170.37	171.25	0.88	150.0	0.04	84.0	0.02	New
	570.06	572.36	2.30	173.75	174.46	0.70	292.0	0.07	246.1	0.06	New
CAN0025	80.00	105.00	25.00	24.38	32.00	7.62	560.6	1.40	545.3	1.36
	260.00	295.00	35.00	79.25	89.92	10.67	193.9	0.68	226.7	0.79	Extended
	345.00	350.00	5.00	105.16	106.68	1.52	103.0	0.05	116.8	0.06
CAN0026	150.00	160.00	10.00	45.72	48.77	3.05	143.0	0.14	146.9	0.15
	205.00	215.00	10.00	62.48	65.53	3.05	279.5	0.28	233.2	0.23
	240.00	250.00	10.00	73.15	76.20	3.05	192.0	0.19	173.1	0.17
	255.00	305.00	50.00	77.72	92.96	15.24	236.1	1.18	256.9	1.28
Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0027	250.92	255.82	4.90	76.48	77.97	1.49	142.4	0.07	131.9	0.06	Extended
	311.30	318.80	7.50	94.88	97.17	2.29	128.6	0.10	179.8	0.13
	329.00	332.20	3.20	100.28	101.25	0.98	419.4	0.13	234.8	0.08	New
	334.56	336.86	2.30	101.97	102.67	0.70	321.0	0.07	17.6	0.00
	348.35	352.25	3.90	106.18	107.37	1.19	260.2	0.10	86.4	0.03
	368.30	376.60	8.30	112.26	114.79	2.53	264.9	0.22	315.1	0.26
	455.60	458.90	3.30	138.87	139.87	1.01	447.0	0.15	375.2	0.12
	462.80	465.80	3.00	141.06	141.98	0.91	303.0	0.09	343.8	0.10
	492.30	495.30	3.00	150.05	150.97	0.91	373.0	0.11	486.7	0.15
	502.55	504.05	1.50	153.18	153.63	0.46	1403.0	0.21	249.9	0.04
	608.80	612.00	3.20	185.56	186.54	0.98	172.0	0.06	113.3	0.04
	759.70	766.20	6.50	231.56	233.54	1.98	156.9	0.10	133.5	0.09
CAN0028	194.75	219.85	25.10	59.36	67.01	7.65	322.5	0.81	382.8	0.96	Extended
	222.38	228.28	5.90	67.78	69.58	1.80	199.5	0.12	99.2	0.06	Extended
	277.20	287.00	9.80	84.49	87.48	2.99	380.1	0.37	472.8	0.46
	295.20	298.20	3.00	89.98	90.89	0.91	147.0	0.04	95.1	0.03	New
	369.95	375.95	6.00	112.76	114.59	1.83	288.0	0.17	69.6	0.04	New
	504.85	508.35	3.50	153.88	154.95	1.07	232.0	0.08	90.6	0.03	New
	567.40	571.10	3.70	172.94	174.07	1.13	565.6	0.21	559.6	0.21
	585.55	588.05	2.50	178.48	179.24	0.76	136.0	0.03	148.9	0.04	New
CAN0029	255.00	305.00	50.00	77.72	92.96	15.24	269.0	1.35	366.6	1.83
	310.00	340.00	30.00	94.49	103.63	9.14	139.0	0.42	193.2	0.58	Extended
	355.00	360.00	5.00	108.20	109.73	1.52	104.0	0.05	129.3	0.06
CAN0030	120.00	130.00	10.00	36.58	39.62	3.05	184.0	0.18	379.7	0.38
	155.00	180.00	25.00	47.24	54.86	7.62	148.0	0.37	366.5	0.92
	205.00	245.00	40.00	62.48	74.68	12.19	196.3	0.79	244.4	0.98
	330.00	365.00	35.00	100.58	111.25	10.67	312.6	1.09	471.3	1.65
	385.00	425.00	40.00	117.35	129.54	12.19	185.9	0.74	282.7	1.13
	435.00	445.00	10.00	132.59	135.64	3.05	527.0	0.53	590.5	0.59
CAN0031	201.05	204.05	3.00	61.28	62.19	0.91	841.0	0.25	245.5	0.07	New
	300.80	313.20	12.40	91.68	95.46	3.78	304.7	0.38	245.6	0.30
	341.40	356.90	15.50	104.06	108.78	4.72	488.3	0.76	489.8	0.76
	369.70	401.80	32.10	112.68	122.47	9.78	287.3	0.92	480.9	1.54
	406.05	446.45	40.40	123.76	136.08	12.31	222.0	0.90	328.1	1.33
	453.00	458.20	5.20	138.07	139.66	1.58	198.8	0.10	342.7	0.18
	488.06	493.96	5.90	148.76	150.56	1.80	134.3	0.08	154.6	0.09
	507.05	510.05	3.00	154.55	155.46	0.91	186.0	0.06	118.4	0.04
	781.55	783.95	2.40	238.22	238.95	0.73	219.0	0.05	296.8	0.07
	786.85	803.95	17.10	239.83	245.04	5.21	402.0	0.69	365.2	0.62
	811.80	813.80	2.00	247.44	248.05	0.61	292.0	0.06	107.4	0.02
	820.95	832.45	11.50	250.23	253.73	3.51	135.2	0.16	168.9	0.19
	837.05	840.05	3.00	255.13	256.05	0.91	304.9	0.09	95.4	0.03	Extended
	843.90	848.30	4.40	257.22	258.56	1.34	116.7	0.05	114.5	0.05
	861.66	865.26	3.60	262.63	263.73	1.10	127.4	0.05	138.7	0.05
	870.85	874.45	3.60	265.44	266.53	1.10	139.4	0.05	120.4	0.04
	1006.00	1015.50	9.50	306.63	309.52	2.90	323.0	0.31	393.6	0.37
	1022.05	1038.75	16.70	311.52	316.61	5.09	185.8	0.31	130.6	0.22	Extended
	1087.30	1090.30	3.00	331.41	332.32	0.91	138.0	0.04	130.7	0.04
Cut-off >100 ppm or GT>0.03 ft%							Laboratory Assay		Probe (SGR) Equivalent
Hole ID	From (ft)	To (ft)	Length (ft)	From (m)	To (m)	Length (m)	U3O8 (ppm)	GT (ft%)	eU308 (ppm)	GT (ft%)
CAN0032	329.95	332.95	3.00	100.57	101.48	0.91	402.0	0.12	79.8	0.02	New
	416.50	437.60	21.10	126.95	133.38	6.43	162.0	0.34	177.7	0.37	Extended
	777.00	785.90	8.90	236.83	239.54	2.71	249.0	0.22	237.6	0.21
	807.20	810.50	3.30	246.03	247.04	1.01	463.8	0.15	276.9	0.09
	837.40	840.00	2.60	255.24	256.03	0.79	178.0	0.05	115.9	0.03
CAN0033	335.00	340.00	5.00	102.11	103.63	1.52	152.0	0.08	331.1	0.17
	355.00	445.00	90.00	108.20	135.64	27.43	176.7	1.59	337.4	3.04
	480.00	485.00	5.00	146.30	147.83	1.52	100.0	0.05	106.5	0.05
CAN0034	109.60	171.50	61.90	33.41	52.27	18.87	516.4	3.20	485.3	3.00	Extended
	178.80	182.00	3.20	54.50	55.47	0.98	162.8	0.05	107.9	0.03	Extended
	195.10	200.10	5.00	59.47	60.99	1.52	246.1	0.12	126.1	0.06	Extended
	221.73	227.63	5.90	67.58	69.38	1.80	919.9	0.54	406.2	0.24
	333.25	343.45	10.20	101.57	104.68	3.11	341.1	0.35	228.2	0.23
	440.85	443.45	2.60	134.37	135.16	0.79	456.0	0.12	207.8	0.05
	539.50	549.50	10.00	164.44	167.49	3.05	381.2	0.38	152.8	0.15
	671.70	678.30	6.60	204.73	206.75	2.01	182.9	0.12	141.2	0.09
	1323.15	1324.75	1.60	403.30	403.78	0.49	301.0	0.05	320.7	0.05
	1345.15	1355.95	10.80	410.00	413.29	3.29	167.4	0.18	141.0	0.15	Extended
	1366.78	1374.98	8.20	416.59	419.09	2.50	118.5	0.10	123.5	0.10
	1463.25	1466.15	2.90	446.00	446.88	0.88	362.0	0.10	207.6	0.06
	1488.50	1492.40	3.90	453.69	454.88	1.19	458.2	0.18	242.9	0.09

 
Notes: * Grade intervals adjusted to match downhole log intervals.

1) The interval lengths are "down the hole" and may not represent true width intervals as the exact nature of the mineralization distribution has not been determined yet. However, most of the holes were drilled at an inclination of 50 degrees to test a model that indicates steeply dipping mineralisation.

2) eU₃O₈ is the radiometric equivalent U₃O₈ derived from a calibrated total gamma downhole probe.

3) U₃O₈ is the chemical assay of mineralized split core samples or RC cuttings.

2) Core sampling was conducted at 3 feet intervals, adjusted to minimum of 1 foot, where appropriate.

3) Reverse Circulation sampling was conducted at 5 feet intervals.

4) Assay interval depths have been adjusted to spectral gamma probe depths, where appropriate.

5) Intervals were composited above a cut-off grade of 100 ppm U₃O₈, with grade below cut-off less than 1 foot being included in the total interval. Internal waste was limited to a maximum of 3 feet.

6) Abbreviations: DD = Diamond Drill, RC = Reverse Circulation.

7) "High-grade uranium" is defined by the Company as composite results with >1,000 ppm U₃O₈ and no greater than 1-foot continuous internal dilution.

 

APPENDIX 2: Historic Resource Estimates

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Notes to disclosure of Historic Estimates (as per section 2.4 of the NI 43-101 Standards of Disclosure for Mineral Projects):

a) The estimates completed by Fluor Mining and Metals Inc. (Fluor), May 20, 1980 are cited in several reports post-dating the estimate, including the most recent reference in a NI 43-101 Technical Report by Carter, G.S. (August 20, 2008) titled "Technical Report on the Uranium Resources at The Copper Mountain Project, Fremont County, Wyoming, U.S.A., on behalf of Neutron Energy Inc." issued by Broad Oak Associates. The estimates for the Gem deposit and past-producing Arrowhead uranium mine deposits were completed by Rocky Mountain Energy Corp. in 1977 and cited in report titled "Copper Mountain Exploration Project Report by Southard, G.G., Morton, D.K., Gordon. J.H. and Schledewitz, D.C., RMEC (December 1979).

b) The historical estimates are based on data and reports prepared by previous operators. This included data from over 900,000 feet of hammer tool and core drilling. The descriptions of core drilling and core handling procedures, sample preparation and analysis, and procedures for statistical correlation of various assay methods are all presented in the reports and are considered appropriate. Based on the amount and quality of historic work completed, the information is considered relevant and reliable. This view is supported by earlier reviewers of the data and methodology, including David S. Robertson & Associates Inc. (1978) and Golder Associates (1979), who concluded that the core and sample handling techniques from the field through the sample preparation facility were in "accordance with good engineering practice". However, the resultant gamma logs and core assays that supported the estimations and associated technical work were not available to the Qualified Person, therefore a complete and thorough review of the data has not been possible.

c) Earlier estimates by Rocky Mountain Energy Corp. (1977) used the polygonal estimation method based on ten-foot composite thicknesses and 0.010% U308 cut-off using gamma probe grades with a tonnage factor 12 cubic ft/ton. During an estimate update (most recent), Fluor (1980) investigated various resource estimation techniques. including polygonal methods, cross-sectional methods, ordinary kriging, and a method using conditional lognormal probability distributions, which was the chosen method. The key difference between the earlier RMEC estimates and those of Fluor was the use of core-equivalent Delayed Fission Neutron (DFN) grades using a correction formula derived from comparison between probe grades and DFN grades, that were accepted by RMEC as the most accurate determination of grade at the time.

d) At the time of reporting, RMEC and Fluor used the U.S. Bureau of Mines resource categories, which were classified as follows: Measured Resources - projected one-half the distance toward the nearest control (i.e. another drill hole) or a maximum of 15 metres (50 feet), whichever occurred first. If correlateable mineral was not in the adjacent control or no adjacent control existed, a maximum of 7.5 metres (25 feet) of projection was allowed (a variance of 1.5 to 3.0 metres (5 to 10 feet) between controls above the maximum was excepted in a few cases). Indicated Resources - any mineral intercept at or above the cut-offs stated was considered to be at least of Indicated categorization. Isolated holes (i.e. those positioned greater than 30 metres (100 feet) from adjacent holes) were allowed a maximum projection of 7.5 metres (25 feet) to the center of the side of a square (a maximum area of influence = 25 ft. x 25 ft. or 625 square feet.). Between drill control, where correlations were feasible, but limits exceeded those for Measured categorization, Indicated Resources were extended and projected one-half of the remaining distance or 7.5 metres (25 feet) beyond Measured if correlation to adjacent control was not feasible. Inferred Resources - mineralization projected beyond the Measured and Indicated resource limits in areas bounded by surrounding drill control were categorized as Inferred. Grades and thicknesses of these areas were determined by averaging the intercepts from surrounding control. Inferred resources were projected to distances ranging from 7.5 to 365 metres (25 to 1200 feet). These categories, or the application thereof, are not necessarily compatible with current definitions. The "most likely mineable reserves" estimated by RMEC at the time would be categorized as Indicated and Inferred resources, in accordance with definitions of the CIM Definition Standards for Mineral Resources & Mineral Reserves (2014). The portions of the "reserves" (approximately 20 to 60%) that were drilled on 15 to 30 metre (50 to 100 foot) centres, and normally would be classified as Measured resources, are equated to Indicated resources, because of the nature of the mineralization, uncertainty regarding the grades and the lack of established economic viability of the deposits at the time. The remaining portions of the "reserves" drilled on 30 to 60 metre (100 to 200 foot) centers, are classified as Inferred resources. An attempt to separate the indicated from the inferred resources was not possible from the available information.

e) There are no more recent estimates reported.

f) In order to verify the historical resources and potentially re-state them as current resources, a program of digitization of data is required (to the extent possible), followed by re-logging and/or re-drilling to generate new data that is comparable with the original data that can be used to establish the correlation and continuity of geology and grades between boreholes with sufficient confidence to estimate mineral resources.

g) A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Myriad Uranium is not treating the historical estimate as current mineral resources or mineral reserves.

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FAQ

What did Myriad Uranium announce for the Copper Mountain Project on October 27, 2025 (MYRUF)?

Myriad reported chemical assays from 34 boreholes showing assays averaged ~20% higher than spectral gamma, with expanded sampling adding 706 samples and many new mineralised intervals.

How many new mineralised intervals did Myriad report at Copper Mountain (MYRUF)?

Additional sampling reported 31 entirely new intervals at a 100 ppm cut-off, 20 at 200 ppm, and 5 at 500 ppm.

How much higher were chemical U3O8 assays compared to eU3O8 gamma readings in Myriad's results (MYRUF)?

Across submitted samples chemical U3O8 assays were ~20% higher on average; >500 ppm samples ~50% higher; >=1,000 ppm ~60% higher.

How many samples did Myriad submit for the additional chemical assays at Copper Mountain (MYRUF)?

Myriad collected and submitted 706 additional samples for chemical assay after the initial program.

Will Myriad expand drilling at Copper Mountain after these assay results (MYRUF)?

Yes; Myriad references an approved plan of operations clearing 222 boreholes across the Copper Mountain Project area for further drilling.

What is the significance of radiometric disequilibrium reported by Myriad (MYRUF)?

Radiometric disequilibrium means gamma probe and chemical assays can differ; Myriad found evidence of disequilibrium and plans expanded sampling and high‑resolution spectral analyses to determine the cause.