Baselode Energy Corp. announced radioactivity results from the first three diamond drill holes within the ACKIO uranium prospect of the Hook project in the Athabasca Basin area of northern Saskatchewan. AK24-119's results rank as one of the top 10 best drill hole radioactivity intersections at ACKIO, making this a unique drill hole.

Previous drill hole AK22-035 intersected 0.54% U3O8 over 7.3 m in Pod 6, and are seeing similar levels of radioactivity within AK24-118 and AK24- 119 but over broader widths within the same Pod, suggesting mineralization remains open in this area. ACKIO has continued to deliver encouraging results since the discovery in 2021, and expect more promising results to follow. Drill holes AK24-117 to AK24-119 were collared to define the extent of mineralization in Pod 6 of ACKIO.

AK24-117 intersected three lenses of continuous radioactivity with greater than 6 m drill hole widths between 117.25 and 151.6 m, ranking this drill hole as the second thickest sequence of radioactivity in Pod 6 area after AK24-119. AK24-118 intersected an average radioactivity result (1,115 cps) similar to that of AK22-035's uranium intersection mentioned above but with almost twice the width (13.3 m). AK24-119 intersected continuous radioactivity with 907 cps over 34 m, including a zone of higher radioactivity measuring 2,328 cps over 6.6 m from 142.35 m making this the broadest intersection with the highest average radioactivity in Pod 6. Up to 12,000 metres of drilling is planned at ACKIO, subject to drill results, targeting the southeast zone, where geophysical survey results suggest the alteration and structural system trend east/southeast-west/northwest, unconformity-style mineralization along the Athabasca sandstone structural contact to the southeast, and; the depth of mineralized structures based on geochemical trends and alteration pathways.

The first diamond drill has completed initial definition drilling at ACKIO and has now moved onto targeting the depth potential of the mineralized structures. A second drill has been mobilized to Hook and will be drilling shortly. The regional Hook exploration drill program is planned for up to 4,000 metres with 15 to 20 drill holes targeting 5 to 7 different areas.

The target areas were generated from combinations of multiple geophysical data sets including recent results from ground gravity and ANT geophysical surveys. Once the drill has completed Hook exploration drilling, it will join the ACKIO program to complete drilling there.