Mr. Drew Zimmerman reports

STALLION URANIUM PROVIDES EXPLORATION UPDATE ON HORSE HEAVEN AND RICHMOND MOUNTAIN GOLD AND CRITICAL MINERAL PROPERTIES

Stallion Uranium Corp. has noted that Quantec has completed the data acquisition phase of the geophysical survey on the Richmond Mountain project in Nevada. The survey data are being processed and interpreted, with the results of the survey forthcoming. Additionally, the company reports highly prospective results from exploration work completed on its Antimony Ridge target area in Idaho and provides an update on further exploration activity.

Antimony Ridge is located on Stallion's 100-per-cent-owned Horse Heaven property and was the location of historical antimony mining activities in the 1950s. Antimony is included on the list of critical and strategic minerals published by the United States Geological Survey, and antimony reserves on Perpetua Resources' adjoining land package have spurred major U.S. government investment in development of the adjacent property through the Department of Defense.

"Our sampling results are extremely encouraging -- everything we sampled had significant gold and antimony mineralization," said Drew Zimmerman, chief executive officer of Stallion Uranium. "We look forward to the results of the additional work we did on the property this fall, to assess its potential as a major antimony system, comparable to those at Stibnite just 10 kilometres east."

Results of initial rock sampling conducted by Stallion Uranium geologists in 2022 demonstrated occurrence of widespread antimony-gold-silver (Sb-Au-Ag) mineralization over significant widths in multiple exposures on the property. Assay results are summarized in the table entitled "Rock sample results from Antimony Ridge, Valley county, Idaho." Of the 21 chip samples collected, 18 contained more than one part per million (ppm) Au and 19 contained more than 0.1 per cent Sb, with discrete vein exposures returning up to 4.65 ppm Au, 70.5 ppm Ag and 19.1 per cent Sb.

Mineralization at Antimony Ridge occurs as veins and disseminations in pervasively oxidized granodiorite within a northeasterly trending structural corridor oblique to the broader Johnson Creek shear zone. Systematic rock chip sampling of the upper trench and cut face identified broad zones of disseminated and stockwork-hosted gold-antimony mineralization over widths of approximately 34 metres and 12 m, respectively, crosscut by narrower stibnite-quartz veins and shears containing higher-grade antimony-silver mineralization. Grab samples from stibnite and quartz vein exposures in the lower trench are representative of discrete, high-grade zones.

On the back of the strong results, the company mobilized geologists to the Horse Heaven project to gather additional rock sampling and undertake further geological mapping to expand known limits of mineralization, validate historical data sets, improve understanding of structural controls on mineralization and guide future exploration activities on the Antimony Ridge target zone. Updates on the additional work will be released when available.

Quality assurance

Chip transect and grab rock samples were collected from outcropping bedrock by geological contractors using rock hammer and shipped under chain of custody to ALS Chemex, Reno, Nev. Samples were crushed, split and pulverized to 85 per cent passing 75 micrometres. Gold assays are by a 30-gram fire assay charge with AAS (atomic absorption spectroscopy) finish. Silver assays are by Aqua Regia with ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish. Antimony 1 per cent is by potassium chloride/HCl (hydrochloric acid) digest with AAS finish.

While efforts were made to collect representative samples, it should be noted that surface rock samples and associated assays reported herein are selective by nature and, therefore, may not necessarily be representative of true widths and grades of mineralized zones.

Additionally, the company announces that it has engaged Volans Capital Corp. of Vancouver, B.C., to provide digital marketing and advertising services for a term of three months commencing on Nov. 15, 2023, pursuant to an agreement dated Nov. 14, 2023, in consideration of a one-time payment of $400,000 (U.S.).

Volans does not currently own any interest, directly or indirectly, in the company or its securities. The agreement with Volans remains subject to approval of the TSX Venture Exchange.

Qualifying statement

William Breen (registered member No. 04203997 of SME), is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release. Mr. Breen is an officer of the company.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of over 3,000 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones.

Stallion's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world-class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

We seek Safe Harbor.