Growth Ahead Of Schedule At The Cebolleta Property

TORONTO - Premier American Uranium Inc. (PUR) announced a shift from resource confirmation to focus primarily on growth and resource expansion following the recent set of milestones achieved by the Company including the NI 43-101 compliant mineral resource estimate (MRE) for the Cebolleta Project in New Mexico, 12 months ahead of schedule.

The Cebolleta Project holds potential for significant resource expansion, including at the Willie P target, which was not included in the MRE, the underexplored extension of mineralization remaining open along trend, and several other untested areas. The Westwater Canyon Member, the principal host rock for several large historic uranium mines in the Grants Mineral Belt, which contains over 400 million pounds of uranium1, remains largely unexplored on the Cebolleta property, where the current mineral resources are hosted within the shallower Jackpile sandstone.

With several untested and underexplored targets at Cebolleta providing a clear path for resource growth, we are excited to initiate next steps well ahead of timelines previously expected by the market. Our technical team is currently assessing future work programs and permitting requirements with a focus on leveraging the momentum gained towards adding pounds in the prolific Grants Mineral Belt district. With +347 million pounds of uranium produced, (37% of all U.S. historical production) the Grants district is 4th largest uranium district in the world. The Company will focus on adding pounds near to the past producing Jackpile and Paguate mine complex with historical production of 100 million pounds of uranium.