Mr. Michael Collins reports

NUCLEAR FUELS INC. COMMENCES TRADING ON THE OTCQX:NFUNF

Nuclear Fuels Inc. has commenced trading on the OTCQX under the symbol NFUNF. Upgrading to the OTCQX Market is an important step to provide transparent trading for investors in the United States. Nuclear Fuels will continue to trade in Canada on the Canadian Stock Exchange under the symbol NF.

About Nuclear Fuels Inc.

Nuclear Fuels Inc. is committed to aggressive exploration of district-scale in-situ recovery (ISR) uranium projects in proven and prolific jurisdictions. Focused on its priority Kaycee project, located in Wyoming's Powder River basin, the company's goal is to advance the project onto a path to production. enCore Energy Corp. maintains the right to back in to 51-per-cent ownership by paying the company 2.5 times its exploration expenditures and carrying the project to production (recoverable from production). With existing historic resources through a 33-mile trend, 110-plus miles of mapped roll-fronts and 3,800 drill holes, Nuclear Fuels has secured the district under one company's control for the first time since the early 1980s. Nuclear Fuels also provides a unique model for development of its other uranium projects and has established a pipeline of future opportunities in known uranium jurisdictions. The company's industry leaders work to build America's uranium resources and provide a domestic fuel for nuclear energy; always on, always available. ISR technology extracts uranium in a non-invasive process through the use of groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.

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