Mr. Galen McNamara reports

AERO ENERGY PARTNERS WITH LEADING DRILL CONTRACTOR FOR UPCOMING EXPLORATION ON ITS ATHABASCA BASIN HIGH-GRADE LITHIUM PROJECTS

Aero Energy Ltd. has engaged drilling contractor Team Drilling LP of Saskatoon, Sask., for its spring/summer exploration program at the Murmac, Sun Dog and Strike projects, situated on the northern rim of the Athabasca basin.

Highlights

Frontier discovery potential:  This initiative marks a significant step forward in Aero's exploration efforts within the Uranium City district, an area historically renowned for its uranium production yet underexplored for high-grade, basement-hosted deposits akin to NexGen Energy's Arrow deposit and Fission Uranium's Triple R deposit.

Shortcut to drilling:  Leveraging $7.6-million invested in preliminary exploration since 2020 including first-pass drilling that identified numerous shallow uranium-bearing electromagnetic conductors coincident with favourable gravity anomalies, the drill program is planned to commence in early June.

Dozens of shallow targets present:  This extensive drill program aims to cover significant ground, focusing on the most promising of the dozens of shallow targets identified in collaboration with operational partners Fortune Bay Corp. and Standard Uranium Ltd.

Fully financed for 20 targets to start:  Summer drill plans comprise drilling of approximately 4,000 metres across the projects. With an average hole depth of 200 m, this would allow for drill testing of approximately 20 targets. Specific details on targets and the number of planned holes will be shared as they are finalized in the coming weeks.

Galen McNamara, interim chief executive officer of Aero Energy, stated: "Securing a reliable drill contractor is a step towards executing our planned comprehensive exploration program in Saskatchewan this year. Behind the scenes we are working closely with our partners at Fortune Bay Corp. and Standard Uranium Ltd. to implement geophysics and optimize drill targets. We look forward to unlocking the full potential of these highly prospective projects."

About Team Drilling

Since 2008, Team Drilling has provided industry-leading drilling services to some of the mining and exploration industry's biggest companies. Bringing over 80 years of drilling experience to every project, Team Drilling focuses on building strong, team-based relationships with its clients, providing a safe and empowering workplace for its employees, adhering to the highest standards, continually striving for excellence, and developing innovative, solutions that adapt to the industry's changing demands. As a result, Team Drilling has a reputation for drilling excellence that consistently exceed clients' expectations, and a history of providing clients with long-term, safe and productive drilling services. Based in Saskatoon, Team Drilling has provided drilling services to clients in numerous locations across Canada.

Qualified person

The technical content of this news release has been reviewed and approved by Galen McNamara, P Geo, 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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