UraniumX Expands Murphy Lake Drill Program to 4,000 metres

Executive Summary

• UraniumX Discovery Corp. announced positive drilling results and expanded its 2026 diamond drill program at the Murphy Lake Uranium Property in the Athabasca Basin, Saskatchewan, increasing the program scope from 2,500 metres to 4,000 metres.
• Seven drill holes have been completed across two distinct trends (North and South), with anomalous radioactivity and strong hydrothermal alteration intersected in 100% of tested target areas to date.
• Drilling is advancing to Target Area 6 to test a strong parallel conductor identified by a Company-funded MLEM survey, with laboratory assay results for holes ML26-015 through ML26-021 pending.

Key Details

• Program Expansion: Scope increased from 2,500m to 4,000m due to encouraging results and strong drilling efficiency; approximately 3,200m drilled to date.
• Drill Hole ML26-019A (Target Area 4): Handheld spectrometer readings >300 cps over 1.0m in two intervals (323.0–323.5m, peak 510 cps; 324.0–324.5m, peak 450 cps) in basement rocks below the unconformity. Downhole gamma readings >500 cps over 3.8m (319.7–323.5m), peaking at 2,564 cps.
• Drill Hole ML26-020 (Target Area 4): Deeper test with no handheld spectrometer readings >300 cps, but intersected strong hydrothermal alteration at the unconformity.
• Drill Hole ML26-021 (Target Area 5): Handheld spectrometer readings >300 cps over 1.0m total (287.5–288.0m, peak 300 cps; 292.0–292.5m, peak 350 cps) associated with strong limonite, bleaching, and clay alteration in the Athabasca Sandstone above the unconformity. Downhole gamma readings >500 cps over 7.5m (286.2–293.7m), peaking at 1,694 cps.
• Historical Context: Recent holes are along strike from F4's 2022 historical drill hole ML22-006, which intersected 0.065% U₃O₈ over 2.5m, including 0.242% U₃O₈ over 0.5m.
• Trends Identified: Murphy Lake North Trend (Target Areas 1 & 2, ~300m conductive corridor with visually identified pitchblende in ML26-015) and Murphy Lake South Trend (Target Areas 4 & 5).
• Target Success Rate: Zero barren target areas tested to date; anomalous radioactivity and/or strong hydrothermal alteration confirmed across all tested targets.
• Next Steps: Drilling advancing to Target Area 6 to test a strong parallel conductor identified by the MLEM survey. Assay results for ML26-015 through ML26-021 are pending.
• Operator & Interest: Program operated by F4 Uranium Corp. under an existing option agreement allowing UraniumX to earn up to a 70% interest in the Property.
• Technical Parameters: Handheld spectrometer composite parameters: minimum thickness 0.5m, CPS cut-off 300, maximum internal dilution 2.0m. Readings are preliminary and not a substitute for laboratory assays.

Notable Quotes

• Esen Boldkhuu, CEO: "Seven holes in, anomalous radioactivity in every target area, and two distinct mineralized trends now established across the Property. ML26-019A returned our strongest downhole gamma reading to date at 2,564 cps, and the South Trend extends the mineralized footprint along strike from F4's historical intercept of 0.242% U₃O₈."