Mr. Galen McNamara reports

AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT

Aero Energy Ltd. has started drilling at Howland Lake on the Murmac uranium project, located in Northern Saskatchewan near Uranium City.

The program is expected to include up to six drill holes to further test the Howland Lake electromagnetic (EM) conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the project has potential to host high-grade, basement-hosted deposits typical of the Athabasca basin.

Exploration work at Murmac is being financed by the company and is being operated by Fortune Bay Corp. under an option agreement that was executed on Dec. 15, 2023.

Highlights:

• High-grade follow-up: Drilling to be focused at Howland Lake North on targets along strike of drill hole M24-017 that intersected 8.40 metres at 0.30 per cent U3O8 (triuranium octoxide), with individual assays up to 13.80 per cent U3O8 over 0.10 m. Additional drilling is planned at Howland Lake South, along strike of drill hole M22-012 that intersected 0.17 per cent U3O8 over 0.10 m.
• Compelling drill target support: Selected drill targets are backed by favourable criteria for high-grade basement-hosted deposits, including EM conductor breaks, structure and significant alteration noted in historical drill holes. Known mineralized cross faults and strong radon-in-water anomalies from recent surveys further support target selection (see news release dated Feb. 20, 2025).
• Focused drilling program: The winter 2025 drilling program will be focused on priority targets developed at Howland Lake which will be more efficiently tested from ice-based drill hole locations. Numerous other priority targets have also been identified along Murmac's extensive graphitic corridors (greater than 35 kilometres of strike) that warrant future drill testing.

Galen McNamara, chief executive officer for Aero Energy, commented: "The Howland Lake drilling program is a key step forward for Murmac, targeting zones with proven high-grade uranium potential. Supported by solid science and our partnership with Fortune Bay, we're determined to define a significant new uranium deposit in the Athabasca basin."

Technical disclosure

Details regarding previous drill results from 2022 and 2024 can be found in news releases dated Oct. 8, 2024, and Dec. 13, 2022, respectively. Further details regarding historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) references 74N07-0011, 74N07-0173 and 74N07-0277. Fortune Bay has verified several of these occurrences through field prospecting and sampling, however there is a risk that any future confirmation work and exploration may produce results that substantially differ from the unverified historical results. The company considers the unverified historical results relevant to assess the mineralization and economic potential of the property.

Qualified person

The technical and scientific information in this news release has been reviewed and approved by Galen McNamara, PGeo, chief executive officer of the company, who is 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 Saskatchewan's historic Uranium City district within the Athabasca basin. Aero 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. Aero is led by an award-winning technical team responsible for discoveries along the prolific Patterson corridor that include the Gryphon, Arrow and Triple-R deposits. With over 50 shallow drill-ready targets identified and 125 kilometres of target horizon, Aero is tapping into the basin's emerging potential for high-grade, unconformity-style mineralization.

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