Mr. Dev Randhawa reports

F3 MOBILIZES TO DRILL A1 AND B1 AT PLN

Drill mobilization for the winter drilling program is under way and ground geophysics has already resumed at F3 Uranium Corp.'s 100-per-cent-owned Patterson Lake North (PLN) project. The 2024 work is fully financed and budgeted at $16-million and consists of ground geophysics and drilling of approximately 55 drill holes totalling 24,000 metres. Exploration efforts will initially focus on the A1 shear hosting the JR zone and the B1 area three kilometres south of the JR zone.

Sam Hartmann, vice-president of exploration, commented: "We are excited to set out on this aggressive winter program aimed at JR zone expansion and discovery of additional mineralized zones along the five-kilometre-long A1 and parallel B1 shear zones. Increasingly prospective geology with many of the signatures commonly associated with uranium mineralization was recognized in the fall drilling, along the B1 area, three kilometres south of the JR zone. This includes intensely brecciated, faulted and clay-altered Athabasca sandstone with evidence of a crosscutting structure with significant vertical displacement, highly anomalous boron up to 10,000 parts per million in the lower sandstone, as well as strongly graphitic, clay altered and structurally deformed basement rocks (see news release dated Dec. 18, 2024). The extensive structural complexity associated with large-scale hydrothermal alteration and accompanying anomalous pathfinder element geochemistry, including uranium values, are all features that highlight the strong potential [of] the B1 area."

Phase 1 of the Dias Geophysics 3-D DCIP (direct-current induced polarization) ground resistivity survey, which is nearing completion, was carried out in late fall over the JR zone and the A1 shear as well as the parallel B1 shear zone; Dias is currently back on site and has resumed current injections. Drilling efforts at the B1 area will focus on targets developed through integration of 3-D DCIP ground resistivity and ground EM (electrogmagnetic) data, along with drill core geochemistry.

About Patterson Lake North

The company's 4,078-hectare, 100-per-cent-owned Patterson Lake North property is located just within the southwestern edge of the Athabasca basin (within 25 kilometres of Fission Uranium's Triple R and NexGen Energy's Arrow high-grade, world-class uranium deposits) -- an area that is poised to become the next major area of development for new uranium operations in Northern Saskatchewan. PLN is accessed by Provincial Highway 955.

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 discovery. F3 Uranium currently has 18 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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