Successful Inaugural Drill Program At Cyclone ISR Uranium Project

TORONTO - Premier American Uranium Inc. reported the successful completion of the 2024 exploration drilling program at the Cyclone ISR Uranium Project in the Great Divide Basin, Wyoming. A total of 41 drillholes were completed in the Cyclone Rim area with uranium mineralization occurring along an apparent ½-mile long, east-west trend, which is open in multiple directions. Drilling has also commenced ahead of schedule in the Osborne Draw area with five drillholes completed to date, with multiple mineralized zones encountered in three of the five holes.

At the Cyclone Rim Target, 41 holes (20,990 ft) were completed in 2024, exceeding the planned 37-hole program, with 22 holes drilled since the Company released its August exploration update. Results indicate the presence of uranium mineralization occurring along an apparent ½-mile long, east-west trend that has not yet been fully defined. This zone appears to be open in multiple directions, with drill intercepts up to 0.088% eU308 over a thickness of 10.5 feet (Grade thickness (GT) of 0.92). 11 holes encountered anomalous uranium mineralization (grades in excess of 0.01% eU308), five of which returned GT intercepts of 0.20 or greater.

Drilling also commenced at the Osborne Draw Target ahead of schedule (Figure 4) and five preliminary drill holes (4,200 ft) were completed of the planned 36-hole program. Four of the five holes encountered uranium mineralization, and three of the drillholes encountered multiple mineralized intercepts, with individual drill intercepts of up to 0.021% eU308 over 24.5 ft for a GT of 0.51. The bulk of the drilling planned for Osborne Draw is expected to occur in 2025.

Colin Healey, CEO, said, “We are pleased to have completed our inaugural exploration program at the Cyclone project, which achieved all of our key objectives. Since our August exploration update, we have further confirmed the presence of uranium mineralization of significant grade and thickness in the Cyclone Rim area, which is highly encouraging. Importantly, the program has provided insights into the geological features that influenced the deposition of uranium mineralization, advancing our understanding of the geological setting of the Cyclone Rim area, which we believe will aid in future drill program design and maximize efficiency of exploration. Furthermore, due to operational efficiencies of the Cyclone team in the field this summer, led by our Technical Advisor, J.J. Brown, P.G., and supported by the solid work of our key contractors, Lou’s Drilling and Hawkins CBM Logging, we were able to drill more holes than planned and initiate drilling at the Osborne Draw target. The holes at Osborne Draw intercepted several intervals of uranium mineralization, which is encouraging, and we look forward to drilling aggressively at Osborne Draw next summer. We believe our systematic exploration approach positions us for further success in 2025 where we look forward to further testing the potential of the Osborne Draw Target.”