Mr. Michael Mulberry reports
AVENTIS ENERGY INITIATES WINTER DRILL PROGRAM AT CORVO URANIUM PROJECT, SOUTHEAST ATHABASCA BASIN
Drilling activities have commenced at Aventis Energy Inc.'s 12,364-hectare Corvo uranium project, located near Wollaston Lake in northeastern Saskatchewan. Field crews arrived at the project on Feb. 6 and drilling commenced on schedule on Feb. 9.
Highlights:
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Drilling under way: Drilling activities began on Feb. 9, 2026. Approximately 2,500 to 3,000 metres are planned across eight to 10 drill holes targeting shallow high-grade* basement-hosted uranium mineralization, beginning with the Manhattan target area. The program is anticipated to span five to six weeks.
- Robust and Shallow drill targets: Drill plans comprise road-accessible skid-supported diamond drilling focused on high-priority uranium targets refined by geophysical work completed by the company in 2025, bolstered by recent prospecting and confirmation of strong radioactivity at surface (up to 8.10 per cent U3O8 grab samples at Manhattan) (1) within ideal uranium host rocks.
- Untapped uranium potential: One diamond drill will focus on high-priority target areas along prospective Xcite electromagnetic (EM) corridors overlain by high-resolution ground gravity data with the proven exploration thesis of focusing on major conductor trends associated with cross-cutting faults and surficial radioactivity expressions.
- Fully financed: The company is financing 100 per cent of the program and Standard Uranium Ltd. is acting as operator.
Michael Mulberry, chief executive officer of the company, commented: "We are pleased to have commenced drilling at the Corvo uranium project. This campaign is designed to test the high-grade Manhattan showing at depth, along with several high-priority shallow targets refined through our recent geophysical work and prospecting efforts. With drilling now under way and the program fully funded, we look forward to advancing Corvo and reporting results as the program progresses."
2026 winter drill program
The Standard team arrived on site Feb. 9 and diamond drilling on the first hole at Corvo in more than forty years is currently under way. The winter program will comprise approximately 2,500 to 3,000 metres of drilling at high-priority target areas following completion of time domain electromagnetic and ground gravity surveys, and geophysical modelling last year. Corvo covers an area of 12,364 hectares across 14 mineral claims, located along Highway 905 on the eastern margin of the Athabasca basin.
Target selection for 2026 winter drill program
Targets were selected and prioritized through an iterative approach working in collaboration with Convolutions Geoscience Corp. Recent prospecting and mapping across the project outlined multiple outcrops of favourable uranium host rocks, including radioactive metasediments and orthogneiss. Structural measurements and radioactivity mapping have further refined drill targets in the 2026 target areas.
Targets are ranked and prioritized based on geophysical signature, geological/structural setting, proximity to surficial uranium occurrences of interest, and the company's recent prospecting and mapping campaign.
Qualified person statement
The scientific and technical information contained in this news release has been reviewed, verified and approved by Sean Hillacre, PGeo, president and vice-president of exploration of Standard, and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon, Sask., for preparation, processing, and ICP-MS (inductively coupled plasma mass spectrometry) or ICP-OES (inductively coupled plasma optical emission spectroscopy) multielement analysis using total and partial digestion and boron by fusion. Radioactive samples were tested using the ICP1 uranium multielement exploration package plus boron. All samples marked as radioactive upon arrival to the lab were also analyzed using the U3O8 assay (reported in weight per cent). SRC is an ISO/IEC 17025:2005- and Standards Council of Canada-certified analytical laboratory. Blanks, standard reference materials and repeats were inserted into the sample stream at regular intervals in accordance with Standard's quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this news release are deemed complete, reliable and repeatable.
Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the company nor a qualified person has yet verified these data and therefore investors should not place undue reliance on such data. The company's future exploration work may include verification of the data. The company considers historical results to be relevant as an exploration guide and to assess the mineralization, as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.
Natural gamma radiation from rocks reported in this news release was measured in counts per second (cps) using a hand-held RS-125 superspectrometer and RS-120 superscintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (RSI) have been calibrated on specially designed Test Pads by RSI. Standard maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared with readings measured by the handheld scintillometers for QA/QC purposes.
(1)
News release: "Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U3O8 at Surface on the Corvo Project."
* The company considers uranium mineralization with concentrations greater than 1.0 weight per cent U3O8 to be high grade.
** The company considers radioactivity readings greater than 65,535 counts per second (cps) on a hand-held RS-125 superspectrometer to be off-scale.
The company considers radioactivity readings greater than 300 counts per second (cps) on a hand-held RS-125 superspectrometer to be anomalous.
About Aventis Energy Inc.
Aventis Energy is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The company is working to advance its Corvo uranium and Sting copper project.
The Corvo uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116 per cent U3O8
over 1.05 metres) and TL-79-5 (0.065 per cent U3O8
over 0.15 metre)
(high-grade* uranium at surface with the Manhattan showing (1.19 to 5.98 per cent U3O8) and SMDI showing 2052 (0.137 per cent U3O8
and 2,300 parts per million (ppm) thorium (Th))).
The Sting copper project covers approximately 12,700 hectares and recently had results of 54.8 metres at 0.32 per cent copper (Cu) starting at a depth of 27.0 metres, with higher-grade intervals including six samples (more than 0.5 m length) ranging from 0.96 per cent to 5.43 per cent Cu (high-grade samples of 0.5 m at 2.85 per cent Cu and 0.5 m at 1.92 per cent Cu with an additional broader interval of 31.1 m at 0.27 per cent Cu).
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