92 Energy Limited announced the geochemical results from the Company's maiden drill program at its 100% owned Tower Property (Tower). The maiden drill program at Tower began in mid-September 2022 and totalled 1,919 m of drilling over four drillholes. All four drillholes evaluated the "western prospective corridor", a previously undrilled area which was identified by the Company based on a structural interpretation of the 2021 airborne magnetic survey results.

Due to timeline constraints no drilling was undertaken at the "eastern prospective corridor" during the Company's September-October campaign. Drilling at Tower identified anomalous uranium concentrations in excess of 100 ppm U3O8 in drillholes TOW22-003 and 004. TOW22-004 returned the higher concentration of uranium, up to 570 ppm U3O8 along with elevated concentrations of unconformity-associated uranium pathfinder elements including arsenic (12 ppm), boron (86 ppm), cobalt (222 ppm), lead (166 ppm) and nickel (144 ppm).

Clay spectral analysis of drill core samples from TOW22-001, 003 and 004 has also identified the presence of dravite intermittently throughout the drillholes. Dravite is a boron tourmaline group mineral commonly found near some unconformity-associated uranium deposits in the Athabasca Basin including McArthur River 2 and Arrow. Compilation, review, and drill targeting by the Company based on the results of the 2022 Tower drill program is ongoing.