Uraniumx Commences 9.2 Line-Kilometre Ground Program at Murphy Lake, Athabasca Basin

Executive Summary

• UraniumX Discovery Corp. and partner F4 Uranium have begun a four‑line, 9.2 km Moving Loop Electromagnetic (MLEM) ground geophysical survey at the Murphy Lake property to refine conductor targets ahead of a spring‑2026 drill program.
• The survey follows 2022 drilling that intersected 0.065% U₃O₈ over 2.5 m (including 0.242% U₃O₈ over 0.5 m) and anomalous uranium geochemistry, confirming the presence of graphitic basement conductors and a 4.2‑m deformation zone.
• Results are expected within two weeks; a target selection update will be provided by end of Q1 2026, with drilling slated for late spring 2026. The program is fully funded.

Key Details

• Survey Scope: Four MLEM lines, ~9.2 line‑kilometres total, conducted by EarthEx Geophysical Solutions.
• Objective: Tighten target definition and resolve geometry/continuity of two known conductor systems to enable precise drill collar placement for the spring 2026 program.
• Historical Drilling (2022): 14 holes, 6,850 m total; most notable intercept – Hole ML22‑006: 0.065% U₃O₈ over 2.5 m (322.5–324.5 m) with 0.242% U₃O₈ over 0.5 m within a 4.2‑m deformation zone.
• Additional Anomaly: Hole ML22‑012 showed 56 ppm U over 0.5 m in sandstone above the unconformity, indicating strike‑parallel extension of mineralization.
• Geological Context: Murphy Lake lies ~5 km south of IsoEnergy’s Hurricane Deposit and ~4 km east of Cameco’s La Rocque Lake Uranium Zone; both are high‑grade unconformity‑hosted deposits.
• Timeline: Survey completion expected in ≈2 weeks; integration with existing data to produce an updated 3D model; target selection update by end Q1 2026; drilling planned for late spring 2026.
• Funding: The geophysical survey and subsequent drill program are fully funded by UraniumX.
• Qualified Person: Ken Wheatley, P.Geo., has reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“The 2022 drill program confirmed that Murphy Lake hosts the geological architecture we look for in the Athabasca Basin… This MLEM survey is the next disciplined step: resolving conductor geometry so we can position drill holes with precision for the spring program.” – Esen Boldkhuu, CEO, UraniumX

“We designed this program specifically to tighten our target definition between two known conductor corridors where previous coverage was insufficient. The objective is to walk into the spring drill program with high‑confidence targets, not speculative ones.” – Esen Boldkhuu, CEO, UraniumX