Atco Mining Inc. announced that it has signed a letter of intent ("LOI") dated February 9th 2024 with Standard Uranium Ltd. ("Standard") to acquire up to 75% interest in the Standard's Atlantic Uranium Project (the "Project") located in the Athabasca Basin of northern Saskatchewan. The Project consists of 7 minerals claims totaling 3,061 hectares and covers 6.5 km of an 18 km long, east-west trending conductive corridor located due west of IsoEnergy's Hurricane deposit. Atco believes the Atlantic Project is prospective for the discovery of classic high-grade unconformity-related uranium mineralization akin to the recently discovered Hurricane deposit nearby.

(Cautionary Statement: Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.) Terms of the Agreement: Year 1. Cash payment, $110,000, Shares payment, $150,000, Exploration programs, $1,300,000, Operator fee 10%, $130,000, Year 2 ("49% Option"), Cash payment, $120,000, Shares payment,$300,000, Exploration programs, 2,000,000, Operator fee 12%, $240,000, Year 3 ("75% Option"), Cash payment, 200,000, Shares payment, USD300,000, Exploration programs; $3,000,000, Operator fees 12%, $360,000, TOTAL, Cash payment, $430,000, Shares payment, CAD750,000, Exploration programs, 6,300,000, Operator fees 12,730,000. The scientific and technical information contain in this news release, including the sampling, analytical and test data underlying the technical information contained in this news release, has been reviewed, verified, and approved by Neil McCallum, P.Geo, director of both Atco Mining and Standard Uranium and a "qualified person" as defined in NI 43-101.