KIPLIN METALS IDENTIFIES HIGH-PRIORITY URANIUM DRILL TARGET AT LLOYD LAKE PROJECT IN ATHABASCA BASIN, SAKSATCHEWAN

Kiplin Metals Inc. (KIP) has identified TZ-1, a high-priority uranium drill target at its wholly-owned Lloyd Lake Project. The target was derived by integrating 2026 Mobile MT survey data with historic datasets, revealing a multi-kilometer resistive anomaly coincident with magnetic lows and EM conductors. Historical radon gas surveys and lake-sediment sampling confirm anomalous uranium signatures within the area. Qualified Person Dr. Peter Born validates the classic basement-hosted uranium exploration model, with the next step being diamond drilling to test the TZ-1 target.

Kiplin Metals Inc. (KIP) released a standard pre-drill exploration update following the completion of its heliborne Mobile MT survey in June 2026. The company noted that target identification alone does not confirm mineralization or economic viability. This news is considered incremental and expected within the exploration cycle, and it does not alter the company's valuation or cash position. Market impact is neutral, as the stock has already priced in the survey completion and target definition phase.

Kiplin Metals Inc. (KIP) is a development-stage uranium explorer focused on the Athabasca Basin region in Saskatchewan. Its flagship asset is the Lloyd Lake Uranium Project, a 6,177-hectare property located 27 km south of the basin boundary. The core exploration zone features an 8-kilometer corridor characterized by a magnetic low aligned with a structural break.

In March 2026, the company acquired the Keefe Lake Uranium Project for $200,000. The 15,400-hectare property features a shallow basement/sandstone-hosted model with an average basement depth of approximately 170 meters and has seen over $4 million in prior exploration spend. Kiplin Metals is currently in the pre-revenue exploration phase, relying entirely on equity financing to fund operations and maintain mineral claims.