Mesa Arc Project Phased Exploration Program To Be Scheduled

VANCOUVER – Gamma Resources Ltd. reported that it will file an independent NI 43-101 Technical Report for its Mesa Arc Project, supporting the advancement of the asset and outlining a clear path forward for exploration. Extensive Historical Exploration Provides Strong Validation– The Project benefits from a substantial historical dataset, including more than 900 drill holes completed in the surrounding area by prior operators such as United Nuclear, Anaconda, ARCO, and Magnum Uranium, confirming the presence of uranium mineralization and providing a strong foundation for modern exploration. 
Proven Geological Model with Recognized Analogues– Mineralization is hosted within the Jackpile Member of the Morrison Formation, a proven stratigraphic unit that has supported significant uranium production elsewhere across the western United States.  Shallow, Predictable Target Horizon– Based on regional stratigraphy and historical drilling, the targeted mineralized horizon is expected to occur at depths of approximately 300 to 350 feet, supporting the use of cost-effective reverse-circulation (RC) drilling methods.  Clear, Phased Exploration Strategy to Advance the Project – The Technical Report outlines a two-phase exploration program, beginning with drill validation of historical intercepts followed by geophysics and targeted follow-up drilling, providing a disciplined and capital-efficient pathway to advance the Project. 
Based on the conclusions and recommendations of the Technical Report, Gamma has outlined a phased exploration program, subject to permitting and regulatory approvals, designed to efficiently advance the Mesa Arc Project. Phase 1 is intended to validate historical drilling results through the twinning of select historical boreholes that intersected the mineralized horizon. This phase is expected to include approximately 10 RC drill holes targeting the most prospective historical intercepts. The estimated budget for Phase 1 is approximately US$300,000. Phase 2 Geophysics and Follow-Up Drilling– Subject to the results of Phase 1, Phase 2 is expected to include a passive seismic geophysical survey to better define the geometry and location of potentially mineralized paleochannel systems within the Jackpile Member of the Morrison Formation. Results from the survey would be used to design a follow-up RC drilling program of approximately 20 holes to test priority targets. The estimated budget for Phase 2 is approximately US$1.2 million. 
Permitting for the proposed exploration activities is ongoing, and the Company will provide updates as approvals are received and exploration programs commence.