Atomic begins South Lisbon Valley East drill permitting

Executive Summary

• Atomic Minerals Corp. has submitted drill permits for its 1,516.5-acre South Lisbon Valley East (SLVE) property in Utah to test for uranium mineralization.
• The company plans to drill an initial 18 to 20 holes across four to five fences, targeting a suspected arcuate uranium belt on the northeastern side of the Lisbon Valley anticline.
• Historical oil and gas drilling data reveals anomalous gamma-ray readings in the target Chinle formation, supporting the geological model and guiding the planned exploration program.

Key Details

• Property Location & Size: South Lisbon Valley East (SLVE) property, 1,516.5 acres (614 hectares), located ~35 km northeast of Monticello, Utah, on the Colorado Plateau.
• Geological Target: Southern portion of a suspected penecordant uranium mineralization belt hosted in the Moss Back member of the Triassic Chinle formation, associated with the northeastern flank of the downfaulted Lisbon Valley anticline.
• Planned Drilling Program: Initial 18 to 20 drill holes arranged in 4 to 5 fences across the full width of the property to test for uranium mineralization and establish the full width of the suspected arcuate belt.
• Drilling Infrastructure: Program will largely utilize existing road and trail structures from historic oil and gas drilling.
• Historical Data (Regional): 28 of 51 historic oil/gas holes in a 20 km x >750 m northwest-trending belt showed anomalous to extremely anomalous gamma-ray readings in the suspected Moss Back member.
• Historical Data (SLVE Specific): Nine widely spaced historic oil and gas wells on the property define the southern end of the target belt, with off-scale radioactivity recorded in favorable Chinle host rock over widths of 1.8 to 4.5 m (6-15 ft) from depths of 760 to 880 m (2,495-2,890 ft).
• Regional Production Context: The Colorado Plateau is the largest uranium province in the US (597M lbs U3O8 historically). The Lisbon Valley area produced ~78M lbs U3O8 (1952-1982) from an arcuate belt. The Rio Algom mine produced 13M lbs at 0.25% U3O8 at 2,550 ft depth on the downfaulted side, supporting the presence of mineralization on the northeastern flank.
• Technical Verification: Data disclosed relates to historical drilling; Atomic has not independently verified the results but will use them to guide exploration, including verification drilling.

Notable Quotes

• Clive Massey, CEO: "We are permitting an initial 18 to 20 drill holes in a series of fences across the property to test for uranium mineralization as well as establish the full width of the suspected arcuate belt along the length of the property."
• Clive Massey, CEO: "We strongly believe significant uranium mineralization lies within the target belt, analogous to the previously producing uranium belt on the southwest side of the Lisbon Valley fault."