Planning Finalised for 100,000 ft Uranium Drilling Program

GTI Power Ltd (GTI or Firm) advises that planning is finalised, with allowing & bonding near completion, for 100,000 ft of drilling at its Nice Divide Basin (GDB) Challenge in Wyoming.

Highlights:

• ~100,000 ft of drilling is deliberate at GTI’s Nice Divide Basin ISR Challenge concentrating on identified roll fronts for ISR amenable uranium
• Consists of ~40,000 ft of follow-up drilling at Thor plus ~60,000 ft at Odin, Teebo, Loki & Wicket
• Drilling is anticipated to begin within the coming weeks and end by Christmas 2022

Exploration Program Overview – Nice Divide Basin (GDB)

DRILLING AT THOR

Thor is essentially the most superior of the GDB Challenge areas and is situated adjoining to Ur-Power Inc’s (URE) 18Mlb Misplaced Creek uranium deposit and working ISR uranium processing plant2.

Exploration at Thor thus far has efficiently recognized mineralisation with financial potential primarily based on widths, grades & depth of mineralisation (ASX launch 29 March 2022)1.

The upcoming program at Thor is now deliberate, permitted & bonded to incorporate follow-up drilling of as much as 70 new holes (~40,000 ft) to focus on extensions of the two miles of mineralised roll entrance recognized from drilling accomplished earlier this 12 months.

The brand new drilling will deal with the north-eastern part of the challenge together with the 2 Wyoming state leases situated northeast of the lode declare block which GTI beforehand efficiently explored (Determine 1).

DRILLING AT WICKET EAST

The Wicket East claims abut the southern boundary of Ur-Power’s Misplaced Soldier Deposit (Determine 1).

Drilling of as much as 20 holes (~20,000ft) at Wicket East seeks to discover a projected mineralised development extending from the southern boundary of URE’s Misplaced Soldier property for ~3 miles, as outlined by historic drilling data comparable in nature to that used to plan the profitable maiden drilling program at Thor.

DRILLING AT ODIN, LOKI & TEEBO

Odin & Teebo are situated adjoining to Uranium Power Corp’s (UEC), former Uranium One, Antelope Challenge. The Loki claims sit south of UEC’s Antelope & north of URE’s Misplaced Creek.

Drilling of ~40 holes (~40,000 ft) collectively throughout Odin, Teebo & Loki additionally seeks to discover mineralised tendencies, over a mixed size of ~5 miles, as outlined by the historic drilling data beforehand used to plan profitable maiden drilling at Thor.

FIGURE 1. GDB WYOMING ISR URANIUM PROJECTS. PLANNED EXPLORATION DRILLING AREAS

Govt Director Bruce Lane stated “preparation for our follow-up drilling marketing campaign within the Nice Divide Basinisnowatansuperiorstage.Wehavesequencedthedrillingtoshipthefull100,000ftprogram previous to Christmas as initially deliberate. We’re assured that we are able to efficiently execute the drilling this 12 months which can set GTI as much as produce a uranium useful resource report in 2023. We stay up for offering updates within the coming weeks as this systemprogresses”.