Significant New Targets At Night Owl

KELOWNA - Strathmore Plus Uranium Corporation (SUU) reported completion of near-surface, airborne radiometric and magnetic surveys at the Night Owl project, located in the Shirley Basin uranium district of Wyoming. The survey has defined additional radiometric areas across the property that will be followed up with ground scintillometer testing and sampling to assess uranium content. The upcoming exploration at Night Owl will utilize modern technologies targeting new anomalies from the recently completed aerial survey (30 drill holes and 3,000 feet of drilling are scheduled to include sampling for assay results and downhole geophysical logging).

The airborne geophysical survey utilized modern, highly sensitive equipment flown aboard an un-manned drone at low speed and near-surface that produces high resolution data critical to target areas of elevated radiation. In contrast, the type of surveys completed in the 1950s that discovered the Night Owl deposit utilized more rudimentary scintillometers flown at higher elevations and speeds aboard manned planes which led to less accurate readings.

The survey was completed by MWH Geo-Surveys of Reno, Nevada, which successfully delineated several new targets across the project during the initial study completed in October 2022. In addition to surveying the remainder of the Night Owl claim group, the survey included the 640-acre state mineral lease the Company acquired in late 2022. The survey data is being processed and maps detailing the new areas of interest will be available soon.

The Company is also pleased to report that in early July, Strathmore received notice from the US Bureau of Land Management of the acceptance of its Drill Notice application and planned activities. Both the Wyoming Department of Game and Fish and the Department of Environmental Quality are reviewing their respective portions of the application and Strathmore anticipates final approval in August, with drilling and exploration planned for September.