Mr. Galen McNamara reports

AERO ENERGY ANNOUNCES AIRBORNE VTEM(TM) PLUS SURVEY TARGETING HIGH-GRADE URANIUM MINERALIZATION ON THE ATHABASCA BASIN'S NORTHERN RIM

Aero Energy Ltd. has started an airborne VTEM (versatile time domain electromagnetic) Plus survey aimed at high-grade uranium exploration within its district-scale uranium exploration portfolio, situated in the Athabasca basin's Northern Rim. The survey is being carried out by Geotech Ltd. of Aurora, Ont.

Highlights:

• Direct detection capabilities: The helicopter-borne VTEM Plus system readily detects the electrically conductive graphite-rich rocks that are the favoured targets for large basement-hosted uranium deposits.
• Large and detailed survey area: The survey will cover the Sun Dog and Murmac properties, and consist of 3,350 kilometres of flight lines in a grid pattern with 100-metre spacing between each flight line. This will allow for prioritization of existing drill targets and generation of additional drill targets.
• Cutting-edge approach: This survey represents one important modern tool that the company is utilizing to maximize high-grade uranium discovery efficiency. Much of the survey area is unexplored and unsurveyed by modern methods, thus providing a key new discovery opportunity in a frontier region of the Athabasca basin.
• New ideas and new vectors: These large properties are significantly underexplored for basement-hosted uranium, examples of which include NexGen Energy's Arrow deposit and Fission Uranium's Triple R deposit.
• Fast track to drilling dozens of targets: Since 2020, exploration partners Fortune Bay and Standard Uranium have invested $7.6-million in early exploration, revealing dozens of targets, multiple uranium-fertile electromagnetic (EM)-conductor corridors, and 10 new shallow uranium occurrences between 20 m and 150 m below surface poised for immediate exploration as a starting point.

Galen McNamara, chief executive officer of Aero Energy, commented, "VTEM Plus surveys represent a significant step forward in Aero's ongoing efforts to leverage advanced technology for exploration success." He continued: "The survey will allow us to obtain high-resolution data of our targeted mineralizing systems, which we believe to be active across the survey area. By leveraging innovative technology and our internal expertise, we are confident in our ability to unearth the full potential of our assets and deliver value to our stakeholders."

Survey description and background

The helicopter-borne VTEM Plus system, which is known for its high-resolution imaging capabilities, is a time domain electromagnetic system that is particularly useful for its ability to detect conductive materials deep underground, enabling Aero to identify mineral targets with exceptional precision. Additionally, the system also contains a high-sensitivity cesium magnetometer-gradiometer for the mapping of geologic structure and lithology. The company is leveraging this cutting-edge technology to reveal and refine previously unexplored, high-hosted basement-style targets within the Uranium City district.

The survey is under way and will consist of approximately 3,350 line kilometres of VTEM Plus flown over the Murmac and Sun Dog properties in a grid pattern with 100 m spacing between flight lines. The survey will cover a substantial area of interest identified by Aero's exploration team, much of which is previously unsurveyed by modern methods, providing valuable insights into the subsurface geology and potential mineralization in the area. This comprehensive survey aims to build on previously gathered data to create a full-picture of the site's geological structures and mineral prospects. The VTEM Plus survey is expected to be completed within three to four weeks, with preliminary results to be published shortly thereafter.

Corporate update

Aero also announces that it has entered into an agreement with Blue Summit Ventures, an arm's-length party to the company, to provide business development and digital marketing initiatives to enhance awareness of the company. Blue Summit will leverage social media harnessing the power of various platforms to raise awareness of Aero, engage with stakeholders, and communicate the company's continuing uranium exploration and development program. The initial term of the agreement is for a period of six months for an aggregate amount of $175,000 plus applicable taxes. As of the date hereof, to the company's knowledge, Blue Summit (including its directors and officers) does not own any securities of the company. The agreement remains subject to approval by the TSX Venture Exchange.

Qualified person

The technical content of this news release has been reviewed and approved by Mr. McNamara, PGeo, chief executive officer of the company and a qualified person as defined by National Instrument 43-101.

About Aero Energy Ltd.

Aero Energy is a mineral exploration and development company advancing a district-scale, 250,000-acre land package in the historic Uranium City district within Saskatchewan's Athabasca basin. Aero Energy is focused on uncovering high-grade uranium deposits across its flagship optioned properties -- Sun Dog, Strike and Murmac -- in addition to its fully owned properties. With the application of modern exploration techniques, the company has identified over 50 shallow drill-ready targets and 125 kilometres of target horizon on the frontier north rim of the Athabasca basin. Aero Energy is tapping into the Athabasca basin's emerging potential for high-grade, unconformity-style mineralization.

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