Mr. Jason Barnard reports

FOREMOST CLEAN ENERGY ANNOUNCES DRILLING AT ITS MURPHY LAKE SOUTH URANIUM PROJECT

Drilling has been scheduled to begin this month at Foremost Clean Energy Ltd.'s Murphy Lake South uranium property, which is located in the world-renowned Athabasca basin region of Northern Saskatchewan. This fully permitted and fully financed program is designed as a first phase of multiple potential phases, intended to test high-priority structural corridors adjacent to the renowned LaRocque Lake conductive corridor -- host to IsoEnergy's Hurricane deposit, one of the highest-grade uranium discoveries in the world.

Murphy's proximity to this corridor places it within a highly prospective structural environment, where recent exploration success has dramatically shifted perceptions of the area's potential. The Hurricane discovery underscored the significance of graphitic fault systems and basement-rooted structures in the Mudjatik domain, long overlooked in favour of the eastern Athabasca's more celebrated Wollaston domain.

Jason Barnard, president and chief executive officer of Foremost, commented: "For years, uranium explorers focused their attention on the Wollaston domain and rightly so as it produced giants like McArthur River, Cigar Lake and Key Lake. Meanwhile, the Mudjatik domain was considered a second-tier target despite its deep structural complexity and close proximity to infrastructure. That mindset changed with IsoEnergy's Hurricane discovery, which proved that world-class deposits can and do exist within the Mudjatik. At Murphy, we're excited to be drilling a project with strong historical intercepts, relatively shallow unconformity depths and clear signs of a mineralized hydrothermal system. Given its adjacency to the LaRocque corridor and the presence of offset structures, graphitic units and pathfinder element anomalies, we believe Murphy represents one of the best exploration opportunities in our portfolio of projects."

The Murphy Lake South property covers 17,676 acres approximately 30 kilometres northwest of the McClean Lake mill, and has been the focus of multiple historical drill campaigns by Denison Mines between 2008 and 2017. These programs identified uranium mineralization and key alteration features, including:

• 0.25 per cent triuranium octoxide over six metres (MP-15-03);
• 0.13 per cent U3O8 over 12.5 metres just above the unconformity (MP-16-11);
• 0.03 per cent U3O8 over 22.5 metres from 255 to 277.5 metres (MP-16-17);
• Associated pathfinder elements such as nickel, cobalt and boron.

Phase 1 drilling is expected to begin later in July and is planned to consist of approximately 1,500 metres of diamond drilling focused on graphitic faults and offset structures identified through past geophysics and geological interpretation. These targets are located within 200 to 350 metres of surface, offering an efficient test of the unconformity and underlying basement rocks. A phase 2 winter program is contemplated to follow up on successful results and test additional conductive trends.

Murphy exhibits the essential hallmarks of an Athabasca unconformity-style system, including structural complexity, alteration, offset basement wedges and conductive graphitic packages -- all in a region that remains significantly underexplored.

Qualified person

The technical content of this news release has been reviewed and approved by Cameron MacKay, PGeo, vice-president of exploration for Foremost, a qualified person under National Instrument 43-101, who has prepared and reviewed the content of this press release.

A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the company nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.

About Foremost Clean Energy Ltd.

Foremost is a rapidly growing North American uranium and lithium exploration company. The company holds an option to earn an up-to-70-per-cent interest in 10 prospective uranium properties (with the exception of Hatchet Lake, where Foremost is able to earn up to 51 per cent), spanning over 330,000 acres in the prolific, uranium-rich Athabasca basin region of Northern Saskatchewan. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy. Foremost's uranium projects are at different stages of exploration from grassroots to those with significant historical exploration and drill-ready targets. The company's mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.

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