Mr. Mike Blady of Basin Uranium Corp. reports

BASIN URANIUM COMMENCES PHASE TWO DIAMOND DRILLING PROGRAM AT MANN LAKE

Basin Uranium Corp. has begun a phase 2 diamond drilling program at its Mann Lake project located 25 kilometres southwest of the McArthur River mine and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Highlights

• Phase two drilling is designed to follow-up on exciting targets generated from phase 1 drilling and recently completed geophysical surveys at Mann Lake.
• Approximately 4,000 metres of core drilling is planned for phase two covering the southern portion of the project.
• The first hole of phase two will follow up on uranium mineralization in hole MN22-002 (see the company's news release dated Sept. 7, 2022).
• Drilling will also test conductive zones and structures identified in this summers Mobile MT survey along the unconformity contact that corresponds to prevalent gravity lows located near the southeastern portion of the project (see the company's news release dated Sept. 13, 2022).

"We are excited to be back at Mann Lake for phase two drilling," commented Mike Blady, chief executive officer of Basin Uranium. "Our fully funded fall program will build off of our spring and summer exploration work and will continue to vector towards additional mineralization hosted on the project."

Qualified Person:

R. Tim Henneberry, PGeo (B.C.), a technical adviser to the company, is the qualified person, as defined by National Instrument 43-101, who has reviewed and approved the technical data in this news release.

About Basin Uranium Corp.

Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company owns the Wray Mesa project in southeastern Utah, which has seen significant historic uranium and vanadium exploration and is located adjacent to the fully permitted and production-ready La Sal project. The company has an option to acquire a 75-per-cent interest in the Mann Lake uranium project, located in the Athabasca basin in Northern Saskatchewan, Canada, and holds an option in the CHG gold exploration project located approximately 15 kilometres northwest of the town of Clinton in south-central British Columbia.

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