Future Fuels to begin phase 1 exploration at Hornby

Mr. Rob Leckie reports FUTURE FUELS MOBILIZES FOR GRAVITY SURVEY AT THE HORNBY BASIN PROJECT Future Fuels Inc. has commenced mobilization of crews and equipment for the phase 1 exploration program at its wholly owned Hornby basin project, located approximately 95 kilometres southwest of Kugluktuk, Nunavut. "We are excited to officially launch our first ever field exploration program at the Hornby basin project," said Rob Leckie, president and chief executive officer. "This gravity survey is a critical step in advancing our understanding of the Mountain Lake mineralization and will provide the foundation for follow-up mapping, sampling and eventual drilling to increase its understanding of the uranium endowment at Mountain Lake." Highlights: Mobilization is under way for a 680-station ground gravity survey at the Mountain Lake uranium system; The survey will cover an area of approximately 2,000 hectares with 200- to 400-metre line spacing and 100-metre station intervals, supported by helicopter from Kugluktuk; Builds on the success of two historical surveys (2022 and 2024) that demonstrated gravity can distinguish between Unit 11 sandstones and Unit 12 shales and highlight structural offsets and controls on uranium mineralization (Aurora Geosciences, 2022 and 2024); Operators in the Athabasca and Thelon basin have also recognized gravity surveys are effective in identifying alteration associated with unconformity style uranium systems; Results will directly support planning of Future Fuels' first drilling campaign at Hornby basin in 2026. The 2025 program will begin by conducting a high-resolution ground gravity survey over the historic Mountain Lake uranium system to infill and connect the two historical gravity surveys conducted by IsoEnergy Ltd. The survey will also extend coverage to include highly anomalous radioactive boulder trains near the Curiosity and Sauna Lakes, where Imperial Oil sampled up to 6 per cent triuranium octoxide in 1973 (AR 080161). Historical gravity work The two historical surveys at Mountain Lake demonstrated the effectiveness of the method in mapping uranium mineralization and stratigraphy: Two thousand twenty-two Aurora Geosciences survey (IsoEnergy): Eighty-four stations over an approximately 800-by-1,300-metre grid mapped the eastern portion of the Mountain Lake uranium system. A gravity high was coincident with mineralization while a secondary high was consistent with a nearby intrusion (Aurora Geosciences, 2022). Two thousand twenty-four Aurora Geosciences survey (IsoEnergy): Forty-three stations over three lines targeted the Helmut fault, which offsets stratigraphic units 11 and 12. Results showed a gravity high spatially associated with the fault and gravity lows tied to Unit 11 sandstones, confirming gravity as an effective tool for mapping density contrasts and fault displacements (Aurora Geosciences, 2024). Future Fuels' 2025 program will result in an over 500-per-cent increase in the coverage of the gravity data set, and the subsequent integration, inversion and interpretation aim to provide further geological insight into the uranium mineral systems present at Mountain Lake. Geological context -- units of importance The Mountain Lake uranium system is hosted within the Dismal Lakes group, a Proterozoic succession that includes: Unit 11 -- LeRoux formation (sandstone): light grey to white, quartz-rich sandstones and basal conglomerates, 20 to 500 metres thick; acts as the fluid conduit, allowing uranium-bearing fluids to migrate; characterized by gravity lows due to relatively low density (Armitage, 2007; Aurora Geosciences, 2024); Unit 12 -- Fort Confidence formation (shale and siltstone): black shales and siltstones interbedded with quartzitic siltstone, typically approximately 45 m thick but locally greater than 120 m; acts as the chemical trap, where reducing conditions cause uranium to precipitate; associated with gravity highs relative to Unit 11 (Armitage, 2007; Aurora Geosciences, 2024). The Unit 11 and Unit 12 contact is the principal stratigraphic control on uranium mineralization at Mountain Lake, analogous to settings in the Athabasca basin. Both units are offset by major structures including the Imperial, Aquitaine and Helmut faults. The 2022 and 2024 surveys demonstrated that gravity effectively distinguishes Unit 11 sandstones from Unit 12 shales, and images fault offsets, making it a powerful tool for targeting unconformity-related uranium systems (Aurora Geosciences, 2022, 2024). The survey is being conducted in partnership with Dahrouge Geological Consulting Ltd. and EarthEx Geophysical Solutions Inc., combining technical expertise, advanced equipment and on-site support. Data collection is expected to be completed over an approximately 20-day period, with initial results anticipated later this fall. Looking ahead The results of the 2025 survey will directly inform the design of the company's planned 2026 diamond drilling campaign, which will represent the first subsurface testing by Future Fuels at Hornby basin. Drill permit applications are expected to be submitted in fall 2025. Environmental and community engagement Future Fuels remains committed to conducting exploration with the highest environmental standards. Field operations are guided by a detailed environmental and wildlife management plan, including measures to protect caribou, muskox and migratory birds. Engagement with the Kitikmeot Inuit Association, the local Hunters and Trappers Organization, and the Hamlet of Kugluktuk is continuing, with opportunities for community participation in the program. National Instrument 43-101 disclosure Nicholas Rodway, PGeo, (Napeg licence No. L5576) is a consultant of the company and is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Properties). Mr. Rodway has reviewed and approved the technical content in this release. About Future Fuels Inc. Future Fuels' principal asset is the Hornby project, covering the entire 3,407-square-kilometre Hornby basin in northwestern Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake system. Additionally, Future Fuels holds the Covette project in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares. We seek Safe Harbor.