Stallion Uranium Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Stallion Uranium is working to Fuel the Future with Uranium through the exploration of over 3,000 sq. km (742,320 acre) in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The Company holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

Stallion’s leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

Projects in Hand

URANIUM – FOCUSED ON UNDEREXPLORED WESTERN ATHABASCA BASIN

Stallion Uranium holds a 742,320 acre land package in the Athabasca Basin. The Company is focused on the Western Athabasca Basin where it holds the largest contiguous land package, spanning 692,647 acres across its wholly owned and joint venture land. This land package was strategically built for its proximity to major discoveries and development projects, while still being largely underexplored creating significant discovery potential when utilzing modern exploration techniques.

Coffer Project

Overview

• 8 mineral claims with a total area of 35,875 hectares
• 3km southeast of UEC’s Shea Creek Project
• Ideally situated both proximal to the Saskatoon Lake conductor and the Clearwater Domain
• Hosts large structures including the Beatty River Fault
• Geophysical exhibit similar characteristics to the Shea Creek Project and JR Zone

Exploration

• 2023 VTEMTM Plus Geophysical Survey – 2,029 line-km
• Prioritized Target Areas
• Fall 2023 – 142 line-km ground TDEM survey over the target areas for higher resolution drill targets
• 3,000m Drill program start of 2024

Target Zones

Appaloosa Target

• Appaloosa Target hosts a ~3km long conductor
• The conductor is hosted in a gravity and coincident magnetic low, which has known correlation to uranium alteration
• The conductor occurs sub-parallel to UEC’s Saskatoon Lake conductor, which hosts the Shea Creek Project
• Tensor Magnetotelluric Survey completed in 2008 by Orano Canada also identified the anomaly

Clydesdale Target

• Complex Structures identified in UTEM 3 and combined moving loop survey and Tensor Magnetotelluric Survey
• Interpreted to be a large conductive package hosing multiple conductive plates

Mustang Target

• Geologically complex, situated in a narrow magnetic low between edge of Beatty River fault and basement ridge
• Situated proximal to the Clearwater Domain which is believed to contribute to uranium mineralization in the Western Athabasca Basin

Gunter Lake Project

Overview

• Hosts interpreted structural trends occurring sub-parallel to the Patterson Lake trend
• Untested – No drilling has occurred on the project
• The estimated thickness of the Athabasca Sandstone is 220 to 560 metres

Exploration

• 2023 VTEMTM Plus Geophysical Survey – 1,374 line-km
• Identified Key Target Zone
• Ground TDEM over Target Area
• 1,500m Drill program in 2024

Target Zone

Coyote Target

• Occurs on the most eastern block of the Gunter Lake project hosting one conductor, which has a ~5km of strike length
• The conductor occurs as an East-West trending anomaly cutting across the claim block
• The conductor continues east on the projects held by the Stallion / Atha Joint Venture

Stallion / Atha JV Project

Exploring the Next Frontier

• Expansive Land Package – Over 2,215 sq. km
• Hosts interpreted structural trends occurring sub-parallel to the Patterson Lake trend
• Untested – 1 historical drill hole has occurred on the project
• The estimated thickness of the Athabasca Sandstone is 300 to over 800 metres

Exploration – Defining New Exploration Trends

• Fall 2023 – Airborne Passive electromagnetic (EM) survey – 13,100 line-km

GOLD ASSETS IN IDAHO AND NEVADA

Districts Providing Project Appreciation

• Low Capital Investment Strategy
• Significant Potential

Horse Heaven Project, Idaho

• Located in central Idaho and neighbours Perpetua Resources’ Stibnite Gold Project (6M oz’s Gold, $400M Market Cap.)
• 2.8km strike length with structurally controlled anomalous gold
• Historical drilling with 1.51 g/t over 36m
• Completed CSAMT geophysical survey
• Drill targets ready – In permitting

Richmond Mountain Project, Nevada

• Located on the prolific Battle Mountain-Eureka Trend in central Nevada
• Directly east of i-80 Gold's Ruby Hill Project (over 7.5M oz’s Gold, $700M Market Cap.)
• East side of large Graveyard Flats intrusion that is centered between the two properties
• Undertaking MT geophysical survey to define intrusion
• Prioritize drill targets from geophysical survey

Key 2023 Corporate Milestones

Hathor Exploration and U92 acquisitions (January 2023)

Finalize Horse Heaven Option – 100% Ownership (May 2023)

Close ATHA JV Option (September 2023)

Discovery of Highly Prospective Uranium Target Zones (September 2023)

Management

Key Team Members

Drew Zimmerman, Chief Executive Officer

Mr. Zimmerman is a Chartered Financial Analyst and was a Derivatives Portfolio Manager at a National Brokerage. He is committed to building a premier exploration company focused on Uranium in the Athabasca Basin, leveraging his experience to create value for stakeholders.

Darren Slugoski, Vice President of Exploration Canada

Mr. Slugoski holds a B.SC. Honours degree in Geological Sciences from the University of Saskatchewan. He has over a decade of experience developing and managing exploration programs in the Athabasca Basin. A significant portion was centered on the Spitfire deposit in the Western Athabasca Basin.

William Breen, President & Vice President of Exploration US

Not only does Mr. Breen have over 41 years experience as a geologist, but he is the Company’s man in Idaho with relationships built throughout his career all over the state. He has significant experience on the Horse Heaven Project.

Jay Martin, Director

Mr. Martin, as CEO of Cambridge House, produces the largest technology and resource investment conferences in Canada and holds the largest video library of invest content in the country. With his finger on the pulse of the industry, his direction and guidance are unparalleled.

Stephen Stanley, Board of Advisors

Mr. Stanley offers invaluable guidance from his more than 20 years experience in venture capital markets and his role as President & CEO of Hathor Exploration when it was acquired by Rio Tinto (RIO) for $650M in 2012.

Completing the Team:

Dong Shim, Chief Financial Officer

Kelly Pladson, Corporate Secretary

Austin Zinsser, Geologist

Terri Anne Welyki, Director

Terry Wells, Director

News Update

On November 08, 2024, Sallion Uranium Corp. announced the $2.6 million definitive option agreement for Horse Heaven Gold and Antimony project.

Further to Stallion Uranium Corp.'s news release of Oct. 9, 2024, and Oct. 30, 2024, the company has entered into a definitive agreement with 1503571 B.C. Ltd., an arm's-length party, on revised terms pursuant to which the company has granted the optionor the option to acquire a 100-per-cent interest in its Horse Heaven gold and antimony project consisting of 699 mineral claims covering 5,817 hectares located in Idaho, United States.

During the option period, the optionor will be the operator of the property. The optionor is not required to incur any exploration expenditures to advance the property.

"This definitive agreement allows Stallion to monetize a portion of the value of the Horse Heaven project while maintaining upside exposure through a sizeable equity ownership. Antimony scarcity, especially in the United States, where they have no domestic production, will be a key driver of value of the project moving forward. Having a new company focused on advancing that project will allow that value to be realized. Stallion is now squarely focused on its vision of making the next big uranium discovery in the Athabasca basin," said Drew Zimmerman, chief executive officer.

The option is subject to acceptance by the TSX Venture Exchange.

On October 30, 2024, Further to the news release of Oct. 9, 2024, in which Stallion Uranium Corp. announced the signing of a binding letter of intent with an arm's-length party under which the company has granted the optionor the option to acquire an 80-per-cent interest in its Horse Heaven gold and antimony project located in Idaho, United States, the deadline to enter into a definitive agreement has been extended to Nov. 8, 2024, failing which the LOI may be terminated.

On October 09, 2024, Stallion Uranium Corp. has entered into a binding letter of intent (LOI) with an arm's-length party (the optionor), under which the company has granted the optionor the option to acquire an 80-per-cent interest in its Horse Heaven gold and antimony project consisting of 699 mineral claims covering over 5,817 hectares located in Idaho, United States.

"The signing of this option agreement creates the opportunity for Stallion to maximize the value of its Horse Heaven project. Antimony, a critical mineral, has become even more vital as China restricts exports, highlighting the pressing need for the U.S. to secure a domestic supply. Horse Heaven's high-grade antimony target with historical production presents an invaluable asset for advancing domestic supply," said Drew Zimmerman, chief executive officer. "The LOI will drive the advancement of the Horse Heaven project, creating substantial value for all stakeholders involved."

On October 03, 2024, Stallion Uranium Corp. is currently conducting a HeliSAM survey over its Fishhook target and Five of Diamonds target, both located on the company's Atha Energy Corp. joint venture project. The HeliSAM survey will total over 400 kilometres of flight lines and is aimed at enhancing and upgrading the understanding of the geological and conductive features of the target areas.

"This HeliSAM survey is another important step progressing high-priority target areas through our exploration funnel, working to bring additional Tier 1 targets towards drill readiness," said Drew Zimmerman, chief executive officer of Stallion. "The nine Tier 1 targets identified across our projects give us a scale of uranium discovery potential that is unmatched in the prolific southwestern Athabasca basin."

The HeliSAM survey, conducted using advanced helicopter-borne electromagnetic technology, will provide high-resolution data critical for identifying and enhancing potential uranium targets. This innovative approach allows for efficient and comprehensive mapping of subsurface structures, enabling Stallion to further refine its exploration target areas.

"We are excited to begin this HeliSAM survey, which represents further advancement of our Atha Energy JV project," said Darren Slugoski, vice-president, exploration, for Stallion Uranium. "The results will provide confidence in selecting high-priority areas along the 18-kilometre trend as the data guides us to smaller target areas that display the known geological characteristics associated with large uranium deposits."

On September 18, 2024, Stallion Uranium Corp. has acquired, by low-cost staking, 10 new prospective uranium exploration dispositions. The new claims will make up the company's Stone Island project, covering 9,993 hectares (ha) and further bolstering Stallion's land package in the prolific southwestern Athabasca basin. The new dispositions are contiguous to the western Athabasca basin JV project (Stallion and Atha Energy) and are 100 per cent owned by Stallion Uranium.

Key exploration highlights:

• Staked 9,993 ha of contiguous claims;
• New dispositions host the extension of Stallion's Coyote corridor;
• Shallow depth to unconformity of 100 to 400 metres (m);
• Hosts the extensions of known additional conductive trends.

"Highly prospective land in the Athabasca basin very rarely becomes available," said chief executive officer Drew Zimmerman "We are fortunate to have been able to stake such a large land package in a very competitive area. These newly acquired claims are geologically prospective and strategically located along our existing land package allowing Stallion to more easily integrate the project into our proven exploration funnel."

On September 11, 2024, Stallion Uranium Corp. has provided an exploration update outlining nine high-priority target areas discovered across its land package in the prolific southwestern Athabasca basin. The targets highlighted are the compilation of all available data from surveys completed by the company that have allowed for the identification of previously unknown high-priority targets. The company is continuing to undertake survey programs that will work to further upgrade these target areas and help prioritize them for advanced exploration and drill testing. Key exploration highlights:

• Uncovered over 600 kilometres (km) of prospective conductive corridors;
• Outlining only high-priority targets from over 3,000 square km of prospective land;
• Discovered nine Tier 1 target areas across land package;
• Successful maiden drill program following exploration funnel, near-term discovery potential.

"Stallion's vision to discover the next significant uranium deposit in the Athabasca basin is well under way," said chief executive officer Drew Zimmerman "We acquired over 3,000 square km of highly prospective, yet vastly underexplored ground in the southwestern basin that borders industry majors like Cameco, Orano, Uranium Energy Company, NexGen Energy and Fission Uranium. With the utilization of the latest exploration technology, we have transformed our ground from an unknown expanse into a land package that hosts not one, two or three areas with the potential for a world-class deposit, but the nine being highlighted today."

On August 21, 2024, Stallion Uranium Corp. has released the results of an airborne gravity survey over sections of the company's southwestern Athabasca basin JV project with Atha Energy Corp. in northern Saskatchewan. The survey results reveal promising gravity anomalies that are associated with possible uranium alteration and prospective rock types highlighting more prospective target areas for Stallion.

Darren Slugoski, vice-president, exploration, stated: "We are highly encouraged by the gravity survey results from our southwestern Athabasca basin joint venture project. The central gravity anomaly has a strong correlation with the uranium bearing Patterson Lake trend which adds to the prospectivity of targets of the stronger Northern and Southern gravity anomalies."

Key findings from the gravity survey:

• Significant correlation: The survey detected the central gravity low which correlates to the mineralized Patterson Lake trend which hosts the world-class Triple R and Arrow Deposits.
• Significant anomalies: The four anomalies were identified and correspond to subsurface zones that were previously identified as high priority areas.
• Future exploration plans: Based on these positive results, the company is able to further prioritize these targets in conjunction with other available datasets for further exploration.

On August 07, 2024, Stallion Uranium Corp.'s assay results have been received from the winter 2024 drilling program. The assay results confirm the presence of uranium in the intersected graphitic structure on the Coffer uranium project in the western Athabasca basin, Saskatchewan, Canada. The maiden drill program was focused on the Appaloosa target zone with the preliminary results from each hole reported in news releases on April 2, 2024, April 17, 2024, and May 7, 2024. Highlights:

• Drill hole CF24-003 intersected anomalous uranium within the graphitic structure, averaging five parts per million (ppm) U (uranium) and reaching a maximum of 14 ppm U over a span of 94.7 metres.
• Elevated lead (Pb), nickel (Ni), arsenic (As) and uranium (U) anomalies are located within the graphitic structure, which correlate well to the known high-grade, uranium mineralization located at the Shea Creek deposits.
• The assay results are confirmation of the initial anomalous radioactivity readings, confirming the presence of uranium-bearing fluids within the identified alteration system.

"The assay results have confirmed initial results as to the presence of uranium in the large conductive structure intersected in the third drill hole at the Coffer project," said vice-president, exploration, Darren Slugoski. "The structure and zones of alteration are substantial in size and have the potential to host a large uranium deposit. Our model from all the data collected during the drill program has identified multiple key targets that give Stallion great potential to make a discovery. The intersection of the graphitic conductor with the unconformity will be a top priority target for our future drilling program."

On July 31, 2024, Further to Stallion Uranium Corp.'s news releases dated July 16, 2024, July 17, 2024, and July 29, 2024, it has closed a non-brokered private placement offering for total gross proceeds of $2,533,000.98.

The gross proceeds from the FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's uranium projects in the Athabasca basin, Saskatchewan, on or before Dec. 31, 2025. All qualifying expenditures will be renounced in favour of the subscribers of the FT units effective Dec. 31, 2024. The gross proceeds from the sale of units will be used by the company toward non-qualifying exploration expenditures and general working capital.

On July 29, 2024, Further to its news releases dated July 16, 2024, and July 17, 2024, due to strong investor demand, Stallion Uranium Corp. has further increased the maximum size of its previously announced non-brokered private placement from $2.2-million to $2.6-million. The revised offering, consisting of units of the company at a price of 8.5 cents per unit and flow-through units of the company at a price of nine cents per flow-through unit.

On July 17, 2024, Stallion Uranium Corp., due to strong investor demand, has increased the maximum size of its previously announced non-brokered private placement from $1.5-million to $2.2-million. The revised offering consists of units of the company at a price of 8.5 cents per unit and flow-through units of the company at a price of nine cents per FT unit.

The gross proceeds from the FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, as such terms are defined in the Income Tax Act (Canada), related to the company's uranium projects in the Athabasca basin, Saskatchewan, on or before Dec. 31, 2025. All qualifying expenditures will be renounced in favour of the subscribers of the FT units effective Dec. 31, 2024. The gross proceeds from the sale of units will be used by the company toward non-qualifying exploration expenditures and general working capital.

On July 16, 2024, Stallion Uranium Corp. is proceeding with a non-brokered private placement for gross proceeds of up to $1.5-million, consisting of units of the company at a price of 8.5 cents per unit and flow-through units of the company at a price of nine cents per FT unit.

Each unit will consist of one common share of the company and one-half transferable warrant. Each warrant will entitle the holder to purchase one common share for 24 months at a price of 12 cents.

Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half warrant.

On July 11, 2024, Stallion Uranium Corp. has released the Richmond Mountain gold project back to Bronco Creek Exploration Inc., a wholly owned subsidiary of EMX Royalty Corp.

The Richmond Mountain project consists of 117 mining claims that cover over 950 hectares at the southern end of the Battle Mountain-Eureka trend, located roughly one kilometre east of Eureka, Nev. The target of the project was the Paleozoic sedimentary formations or the Graveyard Flats intrusive, first identified from a controlled source audio-frequency magneto-tellurics (CSAMT) geophysical survey, which indicated the presence beneath the volcanic cover. A previous company completed a historical 2010 drill hole that reached 1,500 feet and bottomed within the postmineralized volcanic cover. Stallion conducted a deep-penetrating Titan MT survey in 2023 that outlined the potential for the graveyard flats to begin just past the 1,500-foot depth. Stallion completed a drill hole, RM-24-001 to a depth of 2,282.8 feet, to test the new geophysical results. The upper 673.8 feet comprised colluvium and overburden, followed by a sequence of volcanic rocks including tuff, rhyolitic tuff, andesite and basalt interspersed throughout the remaining depth. Despite extending to 2,282.8-foot depth, the anticipated Paleozoic sedimentary formations or the Graveyard Flats intrusive were not intercepted and drilling was halted due to the unexpectedly deep volcanic cover. These results led to the decision to release the project.

On June 27, 2024, Stallion Uranium Corp. announced that the preliminary results from the completion of a MobileMT(TM) airborne geophysical survey (the "Survey") on its 100% owned Sandy Lake Project (the "Project"). The project is roughly 11km west of Shea Creek and the Cluff Lake Mine in the prolific Southwestern Athabasca Basin, in northern Saskatchewan. Highlights:

27 kms of basement conductive trends have been outlined.

Large multi-kilometer conductive trends coincide with basement structures interpreted to be similar to structures at Shea Creek and Cluff Lake

Project advancing towards drill readiness with defined target areas

Follow-up will include ground geophysics to refine targets in advance of drill testing

"The completion of this survey has identified compelling target areas at Sandy Lake and takes the project another step closer to drill readiness," said Stallion CEO, Drew Zimmerman. "With geological features similar to the nearby Shea Creek and Cluff Lake Mine, Sandy Lake is becoming a top tier project with major discovery potential."

On June 12, 2024, Stallion Uranium Corp. has provided an update on the significant advancements and interpretations from the maiden drill program completed on the Appaloosa target, located on its 100-per-cent-owned Coffer project. Appaloosa is an advanced exploration target that is part of its broader portfolio of high-potential uranium projects held by Stallion in the prolific southwestern Athabasca basin, Saskatchewan, where the company holds its largest land package.

The Appaloosa target is located on the northern end of Stallion's 100-per-cent-owned Coffer project and is only 13 kilometres west of the Shea Creek deposit, home to over 95 million pounds of uranium. Hole CF24-003 intersected the targeted graphitic conductor roughly 150 metres below the unconformity providing the company with the location and overall geometry of the structure. Given the depth of the intersection below the unconformity, the hole would have undershot intersecting potential unconformity mineralization. The length of the graphitic conductor intersection was over 94 m, showing considerable scale with the potential to host a large-size deposit. The intersection also presented radioactivity levels above background, as well as significant alteration, consisting of intense white to pale green clay-chlorite alteration and yellow U-silicates that were observed at the Shea Creek deposits. Stallion's technical team has been interpreting the geological data and given the data have clear analogs to the Shea Creek deposit area to help understand future targeting and the targets potential. The next drill holes will target the intersection of the graphitic structure and the unconformity to test for an unconformity-style deposit similar to UEC/Orano's Shea Creek deposit.

"Stallion's maiden drill program was big step towards a discovery hole for the company. We now know the location of the targeted structure, we know the structure is fertile from anomalous radioactivity in all three drill holes, we know the structure is large enough to host a significant deposit and we know where to target next," said Stallion chief executive officer Drew Zimmerman.

On May 30, 2024, Stallion Uranium Corp. announced that further to its news release dated Feb. 14, 2024, Glorious Creation Ltd. has closed its acquisition of three separate mineral properties comprising an aggregate of seven mineral claims, covering a total of 10,878 hectares (approximately 100 square kilometres), located in eastern Athabasca basin of Saskatchewan, from Stallion Uranium Corp.

Nicholas Luksha, Chief Executive Officer of Glorious, expressed "I am thrilled to announce the successful completion of this transaction. This is an opportune time to enter the uranium industry within Saskatchewan's Eastern Athabasca Basin. I extend my deepest gratitude to our team of directors, CFO, legal counsel, and auditors for their unwavering dedication. We are excited to start our collaboration with our experienced partners, Stallion Uranium and Dahrouge Geological Consulting, on this exciting venture. Together, we are committed to achieving success and enhancing value for our esteemed shareholders."

Drew Zimmerman, Chief Executive Officer of Stallion stated "These three projects are in the heart of the world-renowned Eastern Athabasca Basin and hold potential for a high-grade discovery. We are excited to see the closing of this deal, as these projects will now see a committed uranium exploration program led by the strength of our technical and geological team."

On May 07, 2024, Stallion Uranium Corp. has successfully completed its inaugural winter 2024 diamond drilling program on its 100-per-cent-owned Coffer project situated in the prolific southwestern Athabasca basin in Saskatchewan, Canada. This milestone initiative was successful in encountering anomalous radioactivity in all three drill holes and culminated with the discovery of a large, deep-rooted conductive structure intersected on the final drill hole, CF24-003, giving the target area the characteristics needed to host a large uranium deposit. Highlights:

Three diamond drill holes totalling 2,798.2 metres were completed at the Appaloosa target area.

Hole CF24-003 intersected the unconformity at 720 m and was completed at a depth of 1,055 m.

CF24-003 is located 700 m west along strike from CF24-002, and 1.4 kilometres west of CF24-001.

Anomalous radioactivity was encountered at the unconformity in all three holes.

A total of 282 whole rock samples were obtained for assay, including interval and selective samples.

A deep-rooted conductive structure, spanning 94.7 metres in down-hole thickness, was encountered in hole CF24-003 highlighting the significant size of the structure.

Strong clay and chlorite alteration, which is known be is associated with uranium mineralization, was encountered.

Stallion holds a 100-per-cent ownership of the project.

"Stallion's winter 2024 drilling program at the Coffer project has yielded remarkable results, identifying a large conductive structure and 1.4 km of anomalous radioactivity at the unconformity across all three drill holes. The third hole intersected significant alteration and structure, and given the size of those intersections, indicate that the Appaloosa target possesses the characteristics capable of hosting a substantial uranium deposit. Further processing and modelling of the data collected will provide enhanced targeting capabilities, greatly increasing the probability for discovery on a future program," commented Darren Slugoski, vice-president exploration, Canada.

On April 17, 2024, Stallion Uranium Corp. has encountered anomalous radioactivity in the second completed hole of the company's maiden drill program on its 100-per-cent-owned Coffer project in the prolific Southwestern Athabasca basin in Saskatchewan, Canada. Highlights:

• Hole CF24-002 encountered anomalous radioactivity near the unconformity in the Athabasca sandstone of 333 counts per second (cps) over 3.4 metres, including 0.4 m at 664 cps with a peak of 771 cps;
• Hole CF24-002 hit the unconformity at 736.2 m and completed at a depth of 914 m;
• CF24-002 is located 700 m west along strike from CF24-001;
• Stallion holds a 100-per-cent ownership of the project.

"We are thrilled to continue to encounter anomalous radioactivity along the Appaloosa trend," said Darren Slugoski, vice-president of exploration, Canada. "CF24-002 was able to reaffirm radioactivity at the unconformity previously intersected in drill hole CF24-001, as well as demonstrate the fertility of the Appaloosa target and its potential to host a significant deposit. With each drill hole we continue to make significant strides in understanding the geology and structure of the target area."

On April 02, 2024, Stallion Uranium Corp. has encountered anomalous radioactivity in the first completed hole of the company's maiden drill program on its 100-per-cent-owned Coffer project in the prolific southwestern Athabasca basin in Saskatchewan, Canada. Highlights:

Hole CF24-001 encountered anomalous radioactivity near the unconformity with a peak of 1,540cps (Counts per Second) in a 4.2m radioactive interval including 0.3m at 1,322 cps.

Hole CF24-001 encountered anomalous radioactivity in the basement of 262 cps over 4m.

Hole CF24-001 hit the unconformity at 762.6m and completed at a depth of 829.2m.

Highly prospective geology encountered.

Stallion holds a 100% ownership of the project.

"We are thrilled to encounter radioactivity on our very first hole, CF24-001, on the Appaloosa Target." said Darren Slugoski, Vice President Exploration, Canada. "The radioactivity encountered along with the associated alteration are strong indications that we are on a mineralized trend that has the potential to host a significant deposit. It is very rare for a drilling program to intersect radioactivity on the first hole of a program, and we think this is a testament to the potential of the Appaloosa Target. We have gained an incredible amount of geological information about the target area from the hole and have already incorporated that into our targeting models for the second hole that is now underway."

On March 28, 2024, Stallion Uranium Corp. has appointed Matthew Schwab, an acclaimed exploration geologist in the Athabasca basin, to its board of directors. At the same time, the company thanks Terry Wells for his service.

"We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion's board of directors. Mr. Schwab was a key contributor in the Arrow discovery at NexGen Energy and the development of the Roughrider deposit at Hathor Exploration. As Stallion continues to advance exploration across its land package, Mr. Schwab's experience will further bolster the strength of Stallion's team as we work to make the next significant uranium discovery," commented Drew Zimmerman, chief executive officer of Stallion Uranium. "On behalf of the Stallion team, I would also like to thank Terry Wells for his contributions to the company over the past few years."

On March 20, 2024, Stallion Uranium Corp. has provided a corporate update on Stallion's current exploration efforts. Stallion holds the largest exploration land package in the southwestern Athabasca basin and is following its proven road map to discovery, learned through decades of exploration in the basin, to increase the probability of finding the next significant uranium discovery in the Athabasca basin.

Stallion has been executing on its road map to discovery by taking a land package of over 3,000 square km in the acclaimed yet underexplored southwestern Athabasca basin from regional survey, all the way through to a maiden drill program. Stallion's vision was to effectively explore at scale, knowing there is a high probability of have a world-class uranium deposit in the southwestern Athabasca basin at the depths of 300 to 1,000 m, as there are over one billion pounds of uranium at the same depth in the eastern Athabasca basin. Stallion is taking the unexplored southwestern basin through the work done in the 1970s and 80s in the eastern basin, only aided with the use of the latest technological advancements. Following the proven road map to discovery the company has been able to uncover several high-potential target areas from regional surveys. They have now advanced the compelling Appaloosa target through advanced ground surveys and are currently in the process of drill testing. Simultaneously the company is upgrading additional target areas to have multiple Tier 1 targets that all have the potential of hosting a world class uranium deposit.

On February 21, 2024, Stallion Uranium Corp. has released the preliminary results from the completion of the MobileMT airborne geophysical survey. The survey covered the entire 2,200 square kilometres of the Atha Energy joint venture (JV) uranium project, a new frontier of exploration in the prolific southwestern Athabasca basin and part of the largest exploration land package held by Stallion. Highlights:

• Over 560 km of new basement conductive trends have been outlined.
• Successfully identified and extended the Patterson Lake corridor, Carter corridor, Derkson corridor, R7 corridor, Virgin River conductive trend and the Coyote corridor across the project.
• Large multikilometre conductive trends coincide with basement structures interpreted to be present in multiple locations across the project.
• The latest in 2-D and 3-D inversion processing will be utilized to further identify sandstone and basement alteration zones associated with uranium mineralization in the basin.

"Stallion's strategy to build out the largest exploration land package, taking on a new frontier of exploration in the southwestern Athabasca basin, has been rewarded with the results of this regional survey," stated Drew Zimmerman, chief executive officer. "Utilizing the latest survey technology, we have transformed an underexplored land package, uncovering hundreds of kilometres of conductive trends that are highly prospective target areas for uranium mineralization. Not only have we extended known prolific conductive corridors, but we have also been able to uncover completely new zones. We believe the process of identifying, prioritizing and advancing the best targets from over 2,200 square km gives our team the potential and probability of finding the next significant uranium discovery."

On February 15, 2024, The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 23, 2024.

Charitable federal flow-through (FFT) units

Number of shares: 4,779,460 federal flow-through shares

Purchase price: 32 cents per FFT share

Warrants: 2,389,730 share purchase warrants to purchase 2,389,730 shares

Warrant exercise price: 36 cents for a two-year period

Charitable Saskatchewan flow-through (SFT) units

Number of shares: 4,248,318 Saskatchewan flow-through shares

Purchase price: 36 cents per SFT share

Warrants: 2,124,159 share purchase warrants to purchase 2,124,159 shares

Warrant exercise price: 36 cents for a two-year period

Non-flow-through (NFT) units

Number of shares: 3,750,001 non-flow-through shares

Purchase price: 22 cents per NFT share

Warrants: 1,875,000 share purchase warrants to purchase 1,875,000 shares

Warrant exercise price: 36 cents for a two-year period

Number of placees: 29 placees

On February 14, 2024, Stallion Uranium Corp. has begun mobilization efforts in preparation for the company's maiden drill program on the high-priority Appaloosa target on its 100-per-cent-owned Coffer project in the prolific Southwestern Athabasca basin in Saskatchewan, Canada. Highlights:

• 3,300 metres across three holes in the Appaloosa target zone;
• The objective of the 2024 program is the discovery of uranium mineralization associated with the conductive electromagnetic (EM) anomalies;
• Drill holes are targeting multiple stacked geophysical anomalies, including conductive EM (electromagnetic) anomalies, gravity-low anomalies and magnetic-low anomalies;
• Stallion holds a 100-per-cent ownership of the project.

"We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company. The Appaloosa target is incredibly compelling and is born from our efforts over the past year. Our strategy is to find multiple high-potential Tier 1 targets by completing effective regional surveys that map key conductive corridors, allowing our team to prioritize follow-up surveys in preparation for drill testing," stated Drew Zimmerman, chief executive officer. "This pragmatic approach gives our team high confidence in the Appaloosa target, while our strategy will continue to develop additional Tier 1 targets for drill testing."

On February 13, 2024, Stallion Uranium Corp., further to its news release dated Jan. 22, 2024, has entered into a definitive purchase and sale agreement dated Feb. 12, 2024, under which the company has granted Glorious Creation Ltd. the right to acquire a 100-per-cent interest in its eastern basin projects, comprising seven mineral claims totalling approximately 10,874 hectares (26,870 acres) and located in the province of Saskatchewan.

"We are excited to see our three eastern basin projects move into the hands of Glorious, while still being able to benefit from their success. These projects warrant, and will now receive, a committed uranium exploration program led by the strength of our technical and geological team. All three projects are located in the heart of the world-renowned eastern Athabasca basin and hold potential for a high-grade discovery," stated Drew Zimmerman, chief executive officer. "It also allows for Stallion to remain focused on progressing our projects in the southwestern basin where we hold the largest exploration land package."

On February 08, 2024, Further to Stallion Uranium Corp.'s news release dated Jan. 23, 2024, it has closed a non-brokered private placement for aggregate gross proceeds of $3,883,821.90, from the sale of the following:

4,779,460 federal flow-through units of the company (each, an FFT unit) at a price of 32 cents per FFT unit on a charity flow-through basis;

4,248,318 Saskatchewan flow-through units of the company (each, an SFT unit) at the price of 36 cents per SFT unit on a charity flow-through basis;

3,750,001 units of the company at a price of 22 cents per unit.

The company intends to use the proceeds raised from the offering for exploration and for general working capital purposes. The offering is subject to the final approval of the TSX Venture Exchange.

On January 31, 2024, Stallion Uranium Corp. has engaged Axiom Exploration Group to conduct an aerial gravity survey over its Gunter Lake uranium project in the southwestern Athabasca basin, Saskatchewan.

The aerial gravity survey commencing in February is a leading-edge technology that records the density changes in the underlying rocks. The data from the gravity survey, when paired with the existing data from the VTEM (versatile time domain electromagnetics) Plus survey completed last year, will identify potential uranium alteration zones. The gravity survey data is an important determinant in the discovery of uranium mineralization and was one of the key geophysical surveys used during the discovery of NexGen Energy's Arrow deposit.

"As we are readying to mobilize for Stallion's maiden drill program on our Appaloosa target, the deployment of the gravity survey will continue to move other prospective target zones towards drill readiness. Stallion's strategy is to pragmatically advance the highest-priority target zones over our large prospective land package in the prolific southwestern Athabasca basin," stated Drew Zimmerman, chief executive officer. "We are at an incredibly exciting time where each step we take on our road map continues to move Stallion closer to finding the next uranium discovery."

On January 24, 2024, Stallion Uranium Corp. has completed a ground-based time-domain electromagnetic (EM) geophysical survey over the high-priority Appaloosa target on its 100-per-cent-owned Coffer uranium project in the prolific Athabasca basin, Saskatchewan. The data have now moved into final processing and modelling to be available as Stallion prepares for its maiden drill program. Key highlights:

• The ground TDEM survey has been successfully completed.
• Preliminary data highlight high-priority targets.
• Data are currently undergoing final processing and modelling to refine drill targets.
• Preparation has begun for the company's maiden drill program to test the targets.

Darren Slugoski, vice-president, exploration, Canada, stated: "The EM survey is the final step in the process of advancing the Appaloosa target to drill-ready status. The preliminary data has already identified multiple high-priority targets which will be systematically tested with the company's maiden drill program. The final processed data will provide Stallion with the most accurate and highest-priority drill targets to greatly enhance the probability of making a significant discovery."

On January 23, 2024, Stallion Uranium Corp. is undertaking a non-brokered private placement for aggregate gross proceeds of up to $4-million, with an overallotment option to raise up to an additional $1-million of units (as defined below), from the sale of the following:

• Up to 4,687,500 federal flow-through units of the company at a price of 32 cents per FFT unit;
• Up to 4,166,667 Saskatchewan flow-through units of the company at a price of 36 cents per SFT unit;
• Up to 4,545,454 units of the company at a price of 22 cents per unit.

The company intends to use the proceeds raised from the offering for exploration and for general working capital purposes. The offering is scheduled to close on or around Feb. 2, 2024, and is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

On January 22, 2024, Stallion Uranium Corp. has entered into a non-binding letter of intent (the LOI), under which the company has granted an unnamed party (the optionor) the option to acquire a 100-per-cent interest in its eastern basin projects, comprising seven mineral claims totalling approximately 10,874 hectares (25,870 acres) and located in the province of Saskatchewan.

"The sale of Stallion's eastern Athabasca basin projects allow the company to focus on our core projects in the western Athabasca basin while seeing these projects advanced," commented Drew Zimmerman, chief executive officer. "We think this transaction provides both parties significant upside from a committed uranium exploration program in the eastern basin Athabasca basin."

The LOI shall terminate if the parties have not entered into a definitive agreement within 30 days of the execution of the LOI. The definitive agreement is subject to the receipt of any third party consents or regulatory approvals, including but not limited to any necessary stock exchange approvals required by the company or the optionor, respectively.

On January 17, 2024, Stallion Uranium Corp. has acquired by staking three new prospective uranium exploration dispositions (or claims) in Northern Saskatchewan, increasing Stallion's total land package to 313,381 hectares (774,381 acres). The three dispositions add an additional 13,175 hectares to Stallion's 100-per-cent-owned holdings in the Athabasca basin.

"In the Athabasca basin, home to the highest-grade uranium deposits in the world, landholdings have become an increasingly competitive environment. With this staking we have added over 32,000 highly prospective acres to what was already the largest exploration project in the prolific southwestern Athabasca basin," stated Drew Zimmerman, chief executive officer. "This addition builds on Stallion's strategy to secure large, high-potential land packages and work to advance the most compelling target areas towards drill testing, giving the company the highest probability of discovering the next significant uranium deposit."

On January 10, 2024, Stallion Uranium Corp. has appointed Matthew Schwab as technical adviser to its board of advisers.

Mr. Schwab is an acclaimed exploration geologist located in Saskatoon, Sask., where his work over the past decade has contributed to the discovery and development of multiple significant uranium deposits. Mr. Schwab is currently the chief executive officer of Kraken Energy Corp., a United States-focused uranium exploration and development company. In 2014, while Mr. Schwab was the senior exploration geologist at NexGen Energy Ltd., he was instrumental in the discovery of the Arrow uranium deposit located in the southwestern Athabasca basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team and contributed to the sale of the Roughrider deposit to Rio Tinto for $654-million in 2012. Prior roles also include being co-founder and senior vice-president of Axiom Exploration Group Ltd., and former president, senior adviser and founder of multiple successful private mineral exploration and E&P (exploration and production) consulting firms in Canadian mining and petroleum industries.

On December 27, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 22, 2023.

Number of shares: 1.25 million flow-through shares

Purchase price: 24 cents per share

Warrants: 625,000 share purchase warrants to purchase 625,000 shares

Warrant exercise price: 30 cents for a two-year period

Number of placees: one placee

Finder's fee: $21,000 cash and 87,500 warrants

On December 22, 2023, Stallion Uranium Corp. has closed a non-brokered private placement offering for total gross proceeds of $300,000.

The company intends to use the proceeds from the private placement toward exploration expenditures on its Coffer and Atha Energy joint venture projects. All securities issued pursuant to the private placement will be subject to a hold period expiring April 23, 2024. The private placement remains subject to final approval of the TSX Venture Exchange.

On December 20, 2023, Stallion Uranium Corp. has received the necessary permits from the Saskatchewan government to conduct ground-based geophysics and diamond drilling exploration work on its 100-per-cent-owned Gunter Lake uranium project in the Athabasca basin, Saskatchewan. Highlights:

• The company is planning for a targeted ground geophysics survey to commence in H1 2024.
• Permitted activities include access trail construction, temporary camp establishment, geophysical surveying and diamond drilling.
• Permits are valid until Dec. 6, 2026, allowing for multiple seasons of geophysical surveying and drill testing.

"This permit is a further expansion of Stallion Uranium's efforts to unlock the next significant uranium discovery in the Athabasca basin," stated Drew Zimmerman, chief executive officer of Stallion Uranium. "We continue to work towards advancing high-potential uranium assets in the prolific southwestern Athabasca basin. The basin is globally recognized for its uranium resources at time when western nations need to work together to advance projects with the potential to fuel a cleaner energy future."

On December 14, 2023, Crews have mobilized to conduct a ground-based time-domain electromagnetic (TDEM) geophysical survey over the high-priority Appaloosa target on Stallion Uranium Corp.'s 100-per-cent-owned Coffer uranium project in the prolific Athabasca basin, Saskatchewan. Stallion continues to execute on its strategy of completing regional surveys over its expansive land package that provide high-priority target areas requiring higher resolution surveys to prepare for and enhance the probability of drilling success. Highlights:

• The geophysical crew is mobilizing to the Coffer project for the initiation of a ground TDEM survey;
• The detailed ground EM survey will use SQUID (superconducting quantum interference device) technology;
• The survey is designed to further define conductors at depth and with high resolution over the target area;
• The survey area will focus on the Appaloosa target of the Coffer project in preparation for the company's maiden drill program.

On December 06, 2023, Stallion Uranium Corp. has received the necessary permits from the Saskatchewan government to conduct ground-based geophysical surveys and diamond drilling exploration work on its 100-per-cent-owned Coffer uranium project in the Athabasca basin, Saskatchewan. Highlights:

The company is planning for a targeted ground geophysics survey to commence in the coming weeks that will further inform the planned maiden diamond drill program in Q1 2024.

Permitted activities include access trail construction, temporary camp establishment, geophysical surveying and diamond drilling.

Permits are valid until Nov. 1, 2026, allowing for multiple seasons of geophysical surveying and drill testing.

"We are thrilled to share the news that Stallion has secured an exploration permit for our Coffer project in the Athabasca basin," stated Drew Zimmerman, chief executive officer of Stallion Uranium. "This permit represents a key step in our ability to continue to advance our high-potential uranium targets. The southwestern Athabasca basin is an underexplored corner of the globally recognized Athabasca basin and we are eager to advance our exploration activities in this burgeoning region that holds the potential to host the next significant uranium discovery."

On December 01, 2023, The Company holds the single largest exploration land package in the prolific Southwestern Athabasca Basin and is advancing its exploration in its attempt to make the next significant uranium discovery in the basin.

DATE: December 4th
TIME: 11:30am EST
LINK:https://bit.ly/3rOONJH
Available for 1x1 meetings: December 5th/6th

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

On November 22, 2023, Stallion Uranium Corp. has noted that Quantec has completed the data acquisition phase of the geophysical survey on the Richmond Mountain project in Nevada. The survey data is being processed and interpreted, with the results of the survey forthcoming. Additionally, the company reports highly prospective results from exploration work completed on its Antimony Ridge target area in Idaho and provides an update on further exploration activity.

Antimony Ridge is located on Stallion's 100-per-cent-owned Horse Heaven property and was the location of historical antimony mining activities in the 1950s. Antimony is included on the list of critical and strategic minerals published by the United States Geological Survey, and antimony reserves on Perpetua Resources' adjoining land package have spurred major U.S. government investment in development of the adjacent property through the Department of Defense.

"Our sampling results are extremely encouraging -- everything we sampled had significant gold and antimony mineralization," said Drew Zimmerman, chief executive officer of Stallion Uranium. "We look forward to the results of the additional work we did on the property this fall, to assess its potential as a major antimony system, comparable to those at Stibnite just 10 kilometres east."

October 26, 2023, Stallion Discoveries Corp. Announces Approval of Name Change to Stallion Uranium Corp.

https://www.stallionuranium.com/news/press-releases/stallion-discoveries-corp-announces-approval-of-name-change-to-stallion-uranium-corp

October 25, 2023, Stallion announced that it has engaged Expert Geophysics Ltd. to conduct an airborne MobileMT survey that will cover the entirety of Stallion's Western Athabasca Basin JV (joint venture) project.

https://www.stallionuranium.com/news/press-releases/stallion-discoveries-launches-survey-over-largest-uranium-exploration-project-in-the-southwestern-athabasca-basin-

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