Completion Of Maiden Drill Program At Copper Mountain

VANCOUVER - Myriad Uranium Corp. has completed its maiden drill program at Copper Mountain. Across all 34 boreholes, drilling encountered 30 intervals greater than 3 ft and over 1,000 ppm eU3O8, 56 intervals greater than 3 feet over 500 ppm eU3O8, and 165 intervals over a minimum of 3 feet that are greater than 200 ppm eU3O8. Results of equivalent uranium (eU3O8) grades across all boreholes are provided in the appendices hereto.

Results from the final 11 holes continued to validate historical drilling and delivered higher-grade results than anticipated, a consistent theme throughout the whole drill program. And in a significant development, the most recent drilling has confirmed that uranium mineralisation occurs below the general maximum depth of historical drilling (approx. 500 to 600 feet). The potential of this deeper mineralisation is highly significant and will be investigated further through geophysics and will be factored into drill targeting for the 2025 drill program. Mineralisation deeper than 600 feet is entirely new relative to historical resource estimates and could increase the potential of the entire Project. Chemical assay results may differ from spectral gamma ray results. As previously disclosed, a recent gamma probe calibration test at the US Department of Energy calibration facility in Casper, Wyoming, indicated that reported grades for boreholes 1 to 6 may be understated by as much as 13%, including CAN0006's reported peak grade of 8,060 ppm.

The maiden drill program is now complete and crews have been de-mobilized. The technical team is currently logging and photographing core and shipping samples. Chemical assay results are expected over the coming months. Archaeological and wildlife surveys are underway in connection with the Company's submission to regulators of a large-scale plan of operations for 2025. This extensive exploration program will involve geophysics and continued drilling at Canning and other high-potential target areas.

Based on the successful maiden drill program, the Company has also focused on vastly increasing its footprint at Copper Mountain by staking additional acreage across the wider Project area and important nearby prospects revealed by proprietary data and the results of recent exploration work.