Aventis Energy Receives Drill Permits and Initiates Ground Gravity Survey on the Corvo Uranium Project

Executive Summary

• Aventis Energy Inc. received 18‑month exploration permits for the Corvo Uranium Project, enabling high‑resolution geophysical surveys and the company’s first drill program on the project in over 40 years.
• A ground gravity survey (≈ 5,000 stations covering > 29 km of strike length) has commenced, followed by a planned ≈ 3,000 m skid‑assisted diamond drilling campaign starting January 2026 targeting high‑priority showings, including the Manhattan Showing with historic surface assays up to 8.10 % U₃O₈.
• Recent airborne electromagnetic and magnetic surveys, along with historic grab samples (0.72 %–8.10 % U₃O₈), have identified multiple high‑grade uranium anomalies, supporting the prospectivity of shallow, basement‑hosted uranium mineralization akin to Rabbit Lake and the nearby Gemini Mineralized Zone.

Key Details

• Permits: 18‑month exploration permits issued for Corvo Uranium Project; work programs include geophysical surveys and drilling.
• Geophysical Survey: Contract with MWH Geo‑Surveys (Canada) Ltd. to conduct a 50 m × 200 m ground gravity survey covering > 29 km of conductive strike length; > 5,000 individual gravity measurement stations deployed starting 24 Nov 2025.
• Airborne Survey (2025): Helicopter‑borne Xcite time‑domain electromagnetic (TDEM) and total‑field magnetic survey – ~1,380 line‑km surveyed with 100 m line spacing; identified extensive conductive anomalies and magnetic features.
• Drilling Program (Planned Jan 2026): Approx. 3,000 m of skid‑assisted diamond drilling targeting:
• Manhattan Showing (historic surface assays up to 8.10 % U₃O₈).
• Other newly identified radioactive occurrences across the project.
• Historical Sampling Results:
• Grab samples from Manhattan Showing returned up to 59,800 ppm uranium (total digestion) and 0.72 %–8.10 % U₃O₈.
• Off‑scale radioactivity (> 65,535 cps) observed on handheld RS‑125 spectrometer.
• Project Context: Located ~60 km east of Cameco’s McArthur River mine and ~45 km NE of Atha Energy’s Gemini Mineralized Zone; considered highly prospective for shallow, high‑grade basement‑hosted uranium similar to Rabbit Lake deposit.
• Qualified Person Review: Technical information reviewed and approved by Sean Hillacre, P.Geo., President & VP Exploration, Standard Uranium Ltd., in accordance with NI 43‑101.

Notable Quotes

“We are very pleased to have received drill permits for our Corvo Uranium Project. Receiving the Permits builds on our 2025 exploration program efforts… The Permits provide us with the opportunity to complete a high‑resolution geophysical survey and a drilling program.” – Michael Mulberry, Chief Executive Officer, Aventis Energy Inc.