Mr. Raymond Ashley reports

DRILLING CONTINUES AT JR ZONE WHILE GROUND GEOPHYSICS COMMENCES ON A1B

The results of the airborne MobileMT electromagnetic survey that was flown over F3 Uranium Corp.'s Patterson Lake North property this summer indicate that the prospective conductive corridor which hosts the JR zone discovery at its north end now has a one-third increase in total strike length to 4.9 kilometres, displaying an extension of 1.3 km farther to the southeast than the previously defined historical A1 and parallel and offset A1B conductors.

Mobilization has commenced for a 3-D ground resistivity survey to obtain a signature over the JR zone and to develop targets for drilling in 2024 over the A1B conductor, approximately three km south of the JR zone, and the newly defined southeastern 1.3 km extension to the conductive corridor. Recent results of continuing drilling at A1B have identified anomalous radioactivity along with very intense alteration in the sandstone and basement (see news release dated Oct. 15, 2023) which are characteristics often observed in proximity to mineralization. The area to be surveyed with 3-D resistivity is based on an interpretation of the 2-D results of the airborne MobileMT electromagnetic survey. A 3-D inversion of the data being produced by Geotexera is anticipated to provide additional insight and a basis for planning additional ground geophysical surveys to be carried out early next winter.

Raymond Ashley, president, commented:

"Drilling continues at the JR zone filling in up and down dip on section lines where the mineralization remains open. A second drill is also continuing to focus on exploration drilling to the south of the JR zone along the A1B conductor where encouraging signs for potential proximal mineralization are being encountered. We are excited that the ground 3-D resistivity survey is about to commence to provide a signature over the JR zone and to help define targets for the aggressive drilling programs coming in 2024 that will allow us to home in on the next mineralized zone along the newly extended A1 and A1B conductive corridor. We are looking forward to releasing our first assay results for the summer program in the near term."

About Patterson Lake North

The company's 4,078-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 world-class uranium deposits 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 km northwest of Fission Uranium's Triple R deposit.

Qualified person

The technical information in this news release has been prepare in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Mr. 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 advancing the newly discovered high-grade JR zone on the PLN property in the western Athabasca basin. This area of Saskatchewan is poised to become a major uranium producing region and is home to large deposits, including Triple R, Arrow and Shea Creek. F3 Uranium currently holds 18 projects across the Athabasca basin.

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