Mr. Greg Cameron reports

TERRA CLEAN ADDS 3,395 ACRES OF URANIUM CLAIMS IN WYOMING ADDING HIGHLY PROSPECTIVE URANIUM PROPERTIES TO ITS GROWING URANIUM PORTFOLIO

Terra Clean Energy Corp. has acquired by low-cost staking 2,068 acres of new prospective uranium exploration claims on 100 unpatented Bureau of Land Management claims, as well as the acquisition of three strategic Wyoming state leases covering 1,327 acres of land. The state leases and the newly staked claims, which are 100 per cent owned by the company, add 3,395 acres to Terra's growing uranium exploration portfolio.

"We are extremely excited to add this highly prospective land in Wyoming in close proximity to [the] EnCore Energy Corp. Juniper Ridge uranium deposit," said Greg Cameron, chief executive officer. "The newly acquired lands are in a known uranium jurisdiction and have numerous uranium occurrences with the highest occurrence recorded at 0.375 per cent U3O8."

List of new claims

The company directly staked 100 unpatented BLM lode mining claims (being Wyoming BLM claim No. WY106774346 to WY106774445).

The company also acquired three Wyoming state leases (being lease No. 0-43951, 0-43952 and 0-43953). To acquire these leases, the company is required to make cash payments totalling $45,000 (U.S.) (with $10,000 (U.S.) to be paid within five business days, $15,000 (U.S.) to be paid on or before Dec. 1, 2026, and $20,000 (U.S.) on before Dec. 1, 2027). In addition, the company is required to make the state maintenance fees while it is making the cash payments to acquire the leases.

The acquired ground is located along the south flank of the Washakie basin. The Washakie basin is a large syncline that forms a topographic plateau south of Interstate 80 and west of state Highway 789 within the greater Green River basin in Wyoming. The Washakie basin is a structural low where sedimentary rocks accumulated and hosts uranium mineralization relevant to mining projects.

The area is underlain by the Miocene-aged Browns Park formation, consisting of light grey to buff tuffaceous sandstones, sandy tuffs, conglomerates and quartzite. The Browns Park formation has long been recognized as favourable for sandstone-hosted roll-front-style uranium deposits. Conventional mining has previously been undertaken 75 kilometres to the east of the project area, in the Poison basin area, west of the town of Baggs, Wyo., where a 6.13-million-pound triuranium octoxide deposit is located. Approximately 145 km south of the newly acquired properties in Meeker, Colo., Homeland Uranium Corp. is developing its Coyote basin uranium project, which contains a significant historical resource.

The staked ground covers two historical uranium occurrences which occur in limonite-altered fractured sandstone. Uranium mineralization was not visible; however, samples from prospecting pits returned grades of 0.375 per cent, 0.083 per cent and 0.058 per cent U3O8 (Morris and Stanley, 1982). It does not appear that much work has been undertaken in the area since the mid-1980s.

"We are excited to add ground in Wyoming to our portfolio of uranium properties," commented Trevor Perkins, vice-president of exploration for Terra. "The Browns Park formation is a known host of roll-front sandstone uranium deposits with historical production. We are eager to see where the uranium occurrences we staked may lead us," continued Mr. Perkins.

About Terra Clean Energy Corp.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project, which holds a 6.96-million-pound inferred uranium resource* within the Fraser Lakes B deposit, located in the Athabasca basin region, Saskatchewan, Canada, as well as past-producing uranium mines in Utah and uranium exploration properties in Wyoming, United States.

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, reviewed and approved on behalf of the company by C. Trevor Perkins, PGeo, the company's vice-president, exploration, and a qualified person as defined by National Instrument 43-101.

* The historical resource is described in the technical report on the South Falcon East property, filed on SEDAR+ on Feb. 9, 2023. The company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

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