Noble Plains applies for drill permit at Duck Creek

Mr. Paul Cowley reports NOBLE PLAINS URANIUM ADVANCES DRILL PERMITTING ON DUCK CREEK PROJECT AT THE CORE OF POWDER RIVER BASIN URANIUM DISTRICT Noble Plains Uranium Corp. has submitted a drill permit application for a 198-hole program on the recently optioned Duck Creek project. The submission comes shortly after closing the acquisition, underscoring the company's desire to efficiently advance high-potential projects in premier U.S. uranium districts. Located in the heart of Wyoming's Powder River basin, a prolific and infrastructure-ready uranium hub, the Duck Creek project is surrounded by major deposits and production facilities operated by Cameco Corp., Uranium Energy Corp. and GTI Energy Ltd. "Submitting permits this promptly after acquisition is a clear reflection of our strategy at Noble Plains: acquire, advance and build pounds in the ground efficiently," said Drew Zimmerman, president of Noble Plains Uranium. "Duck Creek is becoming an integral part of our vision of becoming a leading growth story in U.S. uranium, and we are executing with the urgency this market needs and our shareholders deserve." Eighty-eight per cent (174 holes) of the planned drill program is designed to expand the mineral outline used in the newly completed National Instrument 43-101 technical report, which defined an exploration target. Only 12 per cent (24 holes) of the planned program will be devoted to verifying the 1,317 historical intercepts within the mineral outline area, highlighting the capital efficiency of building on an already extensive data set. The planned drill program will focus entirely on the shallow mineralization in Wasatch formation. The deeper opportunity in the Fort Union formation will be explored in a subsequent drill campaign. The newly completed NI 43-101 Duck Creek technical report defined an exploration target of 2.37 million tons at 0.03 per cent triuranium octoxide to 5.45 million tons at 0.05 per cent U3O8 based on historical drilling. The potential quantity and grade of the exploration target are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. "The upside here is compelling," added Paul Cowley, chief executive officer of Noble Plains Uranium. "With a small number of confirmation holes, we can validate the historic drilling, while the bulk of the program is strategically designed to expand the mineralized footprint. The opportunity is not just to confirm what's already outlined, but to potentially move beyond the upper limits of the exploration target toward a larger, more meaningful uranium project in one of the most prolific basins in Wyoming." Drilling is expected to commence shortly after permits are received. The results of the program will support the company's goal of advancing Duck Creek to an initial NI 43-101-compliant resource in the first half of 2025. We seek Safe Harbor.