Atomic Minerals Corporation announced it has completed the acquisition of an extensive uranium land package, consisting of nine properties totaling just under 6,500 hectares within or in very close proximity to the Athabasca Basin in Northern Saskatchewan. The principal properties in the package include: Bleasdell Lake -- host to a 1957 historic resource of 620,700 pounds of U3O8 (triuranium octoxide) contained within two zones; Parks Lake -- three kilometres to the southeast of historic Rabbit Lake mine, and two km to four km east to northeast of Uranium Energy Corp.'s Horseshoe and Raven deposits; Pistol Lake -- completely surrounded by Cameco and 600 metres north of its Sand Lake deposit. The Company's news release dated March 6, 2024 indicated that the Company had entered into an asset purchase agreement for the acquisition of the Property whereby the Company would issue the following consideration to arm's length vendors: · a payment of $100,000 due within five days of approval of the TSX Venture Exchange; issuance of 6,000,000 common shares in the capital of the Company within five days of Exchange approval; and · a second payment of $100,000 due on the 6-month anniversary of Exchange approval.

The Company has since entered into an amending agreement to the Purchase Agreement which provides that the above consideration, including the issuance of the 6,000,000 Shares, will now be issued to a single arm's length vendor, being Evan Bell. There is a 2% net smelter royalty (NSR) payable to the Vendor on any future production. The Company can reduce the NSR to 1% through a $1,000,000 cash payment.