UEX Corporation announced that Phase I of the Company's winter 2021 exploration drill program testing targets on the Hidden Bay and West Bear Projects is now underway. The Hidden Bay and West Bear Projects are both located in the eastern Athabasca Basin of northern Saskatchewan. The Phase I drilling program will be targeting the Huggins Lake and Michael Lake areas on the West Bear Project, which are considered prospective for both uranium and cobalt-nickel deposits in basement rocks. Phase II will target the Uranium-Nickel Sands and Dwyer Lake areas on the Hidden Bay Project that will commence upon receipt of long-awaited exploration permits from the provincial government. The drilling program at Huggins Lake will be approximately 8 holes totaling 900 m. Short holes are possible as either no sandstone is expected to be present or else only a very thin sandstone may be encountered. The Huggins Lake area is located south of Dwyer Lake, on the West Bear Project along the northern limb of the West Bear Dome, host of UEX's West Bear Uranium Deposit and West Bear Cobalt-Nickel Deposit. Two high-priority exploration targets will be drill tested along the north rim west of Huggins Lake. Widespread hydrothermal alteration occurred in the basement rocks of at least two historical Huggins Lake drill holes, as well as geochemically anomalous uranium and nickel in the same host rock types that contains the West Bear uranium and cobalt-nickel deposits. Historical drilling in the Huggins Lake area was completed in the 1980's, is widely-spaced and focussed on testing for unconformity-hosted uranium deposits. UEX believes that the Huggins Lake area is prospective for both basement-hosted uranium deposits and cobalt-nickel deposits. UEX will be completing a 6 hole-800 m drill program this winter to test the Michael Lake target. The Michael Lake area is at the margin of the Athabasca Basin and sandstone cover is not expected. Thus, the focus in the Michael Lake area will be on the discovery of basement-hosted deposits. The Michael Lake area is located along the eastern flank of the West Bear Dome. A wide interval of anomalous nickel in the overburden approximately 4.2 km long was defined by an overburden drilling campaign in the late 1970's and early 1980's. Sporadic diamond drilling to follow-up the overburden nickel anomalies by previous operators was widely-spaced and did not appear to often penetrate the key structure hosted within the wide graphitic package where the West Bear Deposits are located.