Aventis Energy Prepares to Mobilize for Inaugural Drill Program and Announces Completion of Ground Gravity Survey on the Corvo Uranium Project

Executive Summary

• Aventis Energy completed a high‑resolution ground gravity survey covering >29 km of EM conductor strike length on the Corvo Uranium Project.
• Final drill plan approved: 2,500–3,000 m across 8‑10 shallow (≤200‑300 m depth) diamond holes targeting high‑grade basement‑hosted uranium, including the never‑before‑drilled “Manhattan Showing” (8.10% U₃O₈ at surface).
• The winter 2026 drill program is fully funded by Aventis and key drilling contracts have been secured; mobilization to field begins in early February, ahead of schedule.

Key Details

• Ground Gravity Survey: Executed by MWH Geo‑Surveys (Canada) Ltd.; >5,000 gravity stations over a 50 m × 200 m grid; >29 km of conductive strike length identified.
• Drill Program Scope: Approximately 3,000 m total depth, 8–10 holes; skid‑supported diamond drilling; targets are <200‑300 m below surface.
• Primary Target – Manhattan Showing: Historical grab sample reported 8.10% U₃O₈ at surface; first drill hole will intersect this EM corridor for the first time.
• Funding: Aventis will fund 100 % of the program to satisfy year‑one expenditure obligations under the Option Agreement.
• Key Contracts Secured: All drilling crews, equipment rentals, and support services engaged; mobilization scheduled for January with field access construction commencing immediately.
• Historical Context: Corvo lies 60 km east of Cameco’s McArthur River mine and 45 km NE of Atha Energy’s Gemini zone; historic drill holes have intersected up to 0.116% U₃O₈ over 1.05 m.
• Qualified Person Review: Technical information reviewed and approved by Sean Hillacre, P.Geo., President & VP Exploration, Standard Uranium Ltd., per NI 43‑101 standards.

Notable Quotes

“With drilling and mobilization plans finalized, we are excited to advance Corvo into its maiden drill program in early 2026. Recent high‑resolution geophysical work has refined shallow, high‑priority uranium targets, including the never‑before‑drilled Manhattan Showing, reinforcing our confidence in the Project’s potential.” – Michael Mulberry, CEO, Aventis Energy Inc.