Ongoing Drilling Results At The Cyclone ISR Project

TORONTO - Premier American Uranium Inc. reported on ongoing exploration drill program at the Cyclone Rim Target, part of its Cyclone ISR Uranium Project in the Great Divide Basin, Wyoming, in close proximity to existing producing wellfields and processing facilities. Initial results include multiple drill holes that intersected mineralized intervals that are consistent with grades and thicknesses included in the 2023 NI 43-101 Technical Report which outlined a resource exploration target of 7.9 million pounds to 12.6 million pounds of eU3O8 with an average grade of 0.06% eU3O81.

At the Cyclone Rim Target, 19-holes (9,125 ft) of the planned 37 holes (~17,500 ft) have been completed, with drilling progressing well. Early drilling is consistent with the resource exploration target, with significant intercepts of mineralization including: 1) 6.5 ft grading 0.066% eU3O8 (GT of 0.43) in Hole CR24-033 (from 253.5 ft down hole). 2) 8.5 ft grading 0.028% eU3O8 (GT of 0.24) in Hole CR24-036 (from 196.5 ft down hole). 3) 6.0 ft grading 0.033% eU3O8 (GT of 0.20) In Hole CR24-037 (from 248.5 ft down hole). 4) The highlighted drill holes are located from 10 to 75 feet from historic drill hole collars and confirm the presence of uranium mineralization at depths and locations consistent with those suggested by the limited historic drilling conducted in 2007-2008 by a prior operator at the Cyclone Rim Target.

The drilling program at the Cyclone Rim Target remains on track for completion in late fall. Drilling at the Project is expected to reconvene next summer, moving to the Osborne Draw Target (Figure 3), as part of the planned comprehensive inaugural exploration drill program at Cyclone.

Colin Healey, CEO, said, “The inaugural exploration program at Cyclone is off to a very strong start, achieving multiple critical objectives. First, we have successfully confirmed the presence of uranium mineralization of significant grade proximal to historic intersections at the Rim target. Second, with strategically positioned exploration holes, designed to gather data about the geological features that influenced the deposition of uranium mineralization, we continue to enhance our understanding of the geological setting of the Cyclone Rim Target, which we believe will aid in future drill program design and enhance efficiency of exploration of the Rim target. We remain confident that with this systematic exploration approach, we are in the best position possible to move towards locating and delineating uranium resources at the Rim target and are pleased with the progress and results and look forward to continuing to understand the potential of the nearby Osborne Draw target next summer.”