Baselode Energy Corp. announced uranium assay results from 11 drill holes (AK23-81 to AK23-91) of the 7,500 m diamond drilling program targeting the deepest parts of the ACKIO high-grade uranium system on the Hook project. The assays reported herein are all from the deepest drilling at ACKIO.

Baselode anticipates, based on previously released radioactivity results, to release even more encouraging results from shallower intersections with pending assay results from 25 drill holes remaining. 36 drill holes over 7,512 metres were completed. Within this, ACKIO consisted of 30 drill holes for 6,193 m, Mirror consisted of 5 drill holes for 1,145 m (AK23-105 to AK23-109), and 1 drill hole (HK23- 008) for 174 m was completed on a regional exploration target.

Drill holes AK23-90 and AK23-91 confirmed mineralization starting at 72 m and 82 m below surface, respectively, demonstrating shallow mineralization is prevalent in other Pods at ACKIO. The remainder of the drill hole assay results were all intersected between 130 and 225 m beneath the surface, demonstrating uranium mineralization is prevalent at depth at ACKIO and is not restricted to shallow mineralization. Mineralization remains open at depth and provides a target for future drill programs. Four of the reported drill holes (AK23-84 to AK23-88, excluding AK23-87) all intersected high-grade uranium mineralization (i.e., >0.50% U3O8) over a minimum width of 0.5 m core length.

These results continue to demonstrate high-grade uranium occurs at depth ACKIO. Three drill holes (AK23-82, AK23-86, AK23-88) all intersected continuous mineralization over 10 m core length, demonstrating thick mineralized zones at depth. Geochemical U3O8 assay results from drill holes AK23-81 to AK23-91 were provided by Saskatchewan Research Council's Geoanalytical Laboratory in Saskatoon, Saskatchewan.

The assay methodology includes SRCs "U3O8 Wt% Assay" analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO3. The digested volume is then made up with deionized water for analysis by ICP-OES. Uranium assay results from the remaining twenty-five drill holes will be released after being compiled and thoroughly quality checked by the technical team.

ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s and Orano's McArthur River mine and Key Lake uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill. The Program was helicopter-supported to lessen any ground-induced environmental impacts within the project area.