Mr. Dev Randhawa reports

F3 COMMENCES MOBILIZATION FOR PLN SUMMER DRILLING

Mobilization for F3 Uranium Corp.'s summer drilling program is under way at its 100-per-cent-owned Patterson Lake North (PLN) project. The fully financed 30-hole drill program will commence this weekend to expand on the highly successful winter drill results at the JR zone.

The discovery hole at the JR zone, drilled in November, 2022, intersected one continuous 15.0-metre interval averaging 6.97 per cent triuranium octoxide including a high-grade 5.5 m interval averaging 18.6 per cent U3O8 (see press release dated Dec. 21, 2022). A 21-hole follow-up winter drilling program expanded the JR zone to a strike length of 105 m and hole PLN23-060, cored 60 m grid south from the discovery hole, intercepted one continuous 14.5 m interval averaging 9.4 per cent U3O8 including an ultrahigh-grade 5.0 m interval averaging 26.7 per cent U3O8 (see press release dated April 17, 2023).

About Patterson Lake North

The company's large 39,946-hectare 100-per-cent-owned Patterson Lake North property (PLN) is located just within the southwestern edge of the Athabasca basin in proximity to Fission Uranium's Triple R and NexGen Energy's Arrow high-grade uranium deposits, an area which is poised to become the next major area of development for new uranium operations in Northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR zone uranium discovery is located 23 kilometres northwest of Fission Uranium's Triple R deposit.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, PGeo, president and chief operating officer of F3 Uranium, a qualified person. Mr. Ashley has verified the data disclosed.

About F3 Uranium Corp.

F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca basin, home to some of the world's largest high-grade uranium discoveries. F3 Uranium currently has 16 projects in the Athabasca basin. Several of F3's projects are near large uranium discoveries including Triple R, Arrow and Hurricane.

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