Lancaster Resources Inc. announced the signing of a service agreement with KorrAI Technologies Inc. This collaboration marks a significant step forward in Lancaster's mission to leverage cutting-edge technology to optimize and enhance its critical mineral exploration projects. Under the terms of this agreement, KorrAI will provide Lancaster with advanced geospatial data products to identify field targets for sampling. This technology will be integral to Lancaster's exploration activities, specifically for uranium at the Catley Lake and Centennial East properties.

The scope of KorrAI's work, as outlined in the contract, will include the identification and digitization of outcrop exposures from AI-based detection, mapping of iron oxide signatures, mapping and source vectoring of vegetation stress signatures, integrating geological and geophysical datasets, and the recommendation of exploration targets for field exploration and sampling programs. Key Highlights of the Partnership. Advanced Geospatial Data Products: KorrAI will deliver high-resolution optical imagery, hyperspectral data for vegetation stress processing, and digital surface models to support detailed hydrological flow modeling and AI-based detection of outcrop mapping. Proprietary Algorithm Integration: KorrAI's proprietary algorithms will be employed to analyze and process hyperspectral satellite and drone imagery, geological survey data, and other geological reports provided by Lancaster.

Targeted Exploration Strategies: The collaboration aims to identify priority targets and zones for geophysical surveys and sampling, enhancing the efficiency and effectiveness of Lancaster's exploration efforts. Comprehensive Reporting and Structuring of Project Data for Iterative Modelling: KorrAI will produce detailed reports integrating bedrock geology, public data, and project-specific data to provide a thorough analysis and summary of findings. Project data will be structured to integrate field results for future iterative modelling and drill location targeting.

In February 2024, Lancaster Resources signed a non-binding letter of intent with KorrAI to integrate hyper-spectral imaging and AI modelling technology into its exploration processes. This ongoing collaboration aims to enhance the efficiency and accuracy of mineral exploration, particularly for lithium, uranium, and rare earth elements (REE). Uranium Exploration.

Lancaster's recently announced exploration plans at the Catley Lake andCentennial East properties include the use of KorrAI's services. The plans include an initial detailed surface outcrop mapping, using hyperspectral data to identify vegetation stress indicative of subsurface uranium, integrating bedrock geology, geological structures, and geophysics for field targeting. Qualified Person.

Andrew Watson, P.Eng., a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, reviewed and approved this news release's scientific and technical information. Mr. Watson is the VP, Engineering and Operations for Lancaster.