Mr. Drew Zimmerman reports

NOBLE PLAINS URANIUM ACQUIRES HISTORICAL DRILL DATA FOR 1,211 HOLES ON SHIRLEY CENTRAL PROJECT IN WYOMING

Noble Plains Uranium Corp. has entered into a data acquisition agreement with Pathfinder Mines Corp., a wholly owned subsidiary of Ur-Energy Inc. (Toronto Stock Exchange: URE) (New York Stock Exchange: URG), to acquire the historical database for 1,211 drill holes located on Noble Plains' Shirley Central project in Wyoming's past-producing Shirley basin.

This high-quality data set includes lithologic logs, geophysical results and historical interpretations from multiple operators who drilled the basin while it was in active production. Noble Plains estimates this data set would cost in excess of $6-million (U.S.) to replicate today as well as years of drilling, and analysis, demonstrating both the economic and time-saving value of this strategic transaction.

"This data acquisition is exactly what our business model is built around, taking historically drilled uranium assets in great jurisdictions and accelerating them toward defined pounds in the ground," said Drew Zimmerman, chief executive officer of Noble Plains. "Having Ur-Energy not only support our work but also become a shareholder speaks to the quality of the opportunity at Shirley Central. A project in one of the most strategic uranium districts in the United States, right beside a facility now being built to go into production. We are continuing to advance our vision quickly, efficiently and with strong conviction."

The newly acquired drill hole data will immediately be used to refine geological modelling across the property to guide the company's 22-hole drill program already permitted. By validating the historical results, Noble Plains will work toward establishing a resource estimate prepared in accordance with National Instrument 43-101 standards at Shirley Central.

"We are pleased to support Noble Plains' advancement of Shirley Central," commented John Cash, chairman of Ur-Energy. "The broader historical data helped define uranium resources already being advanced toward production at our Shirley basin project. We believe a subset of that data, now in the hands of the Noble Plains team, will help them interpret the geology and potentially assist with identification of uranium bearing roll fronts."

Strategic location for future ISR development

Shirley Central consists of 30 unpatented mineral claims covering 665 acres adjacent to the boundary of Ur-Energy's Shirley Basin ISR project, which currently hosts a National Instrument 43-101-compliant measured and indicated resource of 8,816,000 pounds U3O8 (triuranium octoxide) at 0.23 per cent and is under construction with production planned for 2026.

The project is also bordered by Uranium Energy Corp. (UEC), placing Noble Plains directly between two of the most active United States uranium developers.

Terms of the transaction

Under the data acquisition agreement, Noble Plains will pay $125,000 (U.S.) in cash and issue $650,000 in common shares at a deemed price of 13.58 cents per share, totalling 4,786,451 shares. Upon closing, Ur-Energy becomes an important new shareholder of Noble Plains, aligning both companies on advancing the Shirley Central project. If the company issues a Canadian National Instrument 43-101, SK-1300, JORC (Joint Ore Reserves Committee) or equivalent mineral resource report, the company will also pay 10 U.S. cents, and issue 20 cents in shares of the company, for each pound of mineral resource or reserve in such report. The data acquisition agreement transaction requires acceptance by the TSX Venture Exchange prior to closing.

About Noble Plains Uranium Corp.

Noble Plains Uranium is a United States-focused uranium exploration and development company advancing a portfolio of high-potential projects amenable to in situ recovery (ISR) -- the most capital-efficient and environmentally responsible method of uranium extraction. The company's strategy targets historically drilled and underexplored assets in proven jurisdictions, with the objective of rapidly delineating National Instrument 43-101-compliant resources and building a scalable inventory of domestic uranium.

Bradley Parkes, PGeo, vice-president of exploration of Noble Plains Uranium, is the qualified person as defined in National Instrument 43-101, who has read and approved the technical content of this news release.

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