Geiger Energy drills uranium mineralization at Ackio

Executive Summary

• Geiger Energy Corp. released initial results from the first two drill holes of its 2026 winter program at the Ackio prospect on its 100%-owned Hook project in Saskatchewan's Athabasca basin.
• Drilling confirmed continuity of shallow uranium mineralization between Pod 1 and Pod 7, with radiometric readings up to 1,000 cps and a continuous 10-metre mineralized interval starting at 52 metres downhole.
• Mineralization remains open along strike and at depth, supporting further expansion potential, with the next drilling phase planned to step south to test additional zones along the broader fertile trend.

Key Details

• Drill Hole AK26-145: Intersected a continuous 10-metre mineralized interval from 52 to 62 metres downhole, including a high-intensity zone at approximately 57 metres.
• Radiometric Readings: Peak readings of up to 1,000 counts per second (cps) measured via hand-held CT-007 scintillometer by GammaGuard; readings are indicative only and do not directly correlate to uranium grades.
• Assay Status: Laboratory assay results are pending; radiometric data reported herein.
• Mineralization Continuity: Confirmed connection between Pod 1 and Pod 7; Pod 7 successfully extended in both completed holes.
• Geological Context: Mineralization hosted in structurally controlled zones marked by strong brecciation and alteration (hematite, chlorite, sulphides) within variable calc-silicate and calc-pelite rocks. Localized desilicification and albitization observed near higher-grade intervals, correlating with stronger radiometric responses.
• Current Program Objectives: Expand high-grade Pod 1 and Pod 7, test approximately 500 metres of strike for additional mineralized zones, and evaluate southern and eastern extensions along the broader structural corridor.
• TT Area Exploration: Drilling planned to follow up on historical clay alteration (30 to 145 metres thick), test beneath the alteration zone for an underlying mineralized system, and evaluate along-strike potential within a coincident gravity-low and magnetic-low corridor.
• Project Drilling Status: Approximately 800 metres completed to date at the Hook project, focused on Ackio and the TT area.
• Ackio Project Dimensions: Extends over 375 metres along strike and 150 metres in width, with at least nine distinct uranium pods starting at 28 metres depth and continuing to approximately 300 metres. System remains open in multiple directions.

Notable Quotes

• Dr. Rebecca Hunter, President and CEO: "Ackio stands out because of its shallow nature. Uranium mineralization beginning this close to surface is uncommon, particularly in the Athabasca basin, and enhances the overall attractiveness of the discovery as we continue to expand it. With mineralization open in multiple directions, we see meaningful opportunity for further growth. These results confirm continuity across multiple pods and support our interpretation of a broader mineralized system at Ackio. The next phase of drilling will step south to test for additional zones along the broader fertile trend,"