GTI Energy Ltd. announced that two mud rotary drill rigs have now completed 70 holes, for 34,010-feet (10,366 metres), of its planned ~100,000-foot drill program in Wyoming's Great Divide Basin. Drilling is completed at the Thor prospect where a total of 34,010 feet (10,366 metres) was drilled for 70 completed holes. Thor Drilling Background & Results To Date: Drilling has been completed at the Thor prospect (Thor), located adjacent to Ur-Energy Inc.'s (URE) 18Mlb Lost Creek deposit and operating ISR uranium processing plant2.

Exploration at Thor previously identified mineralisation with economic potential based on widths, grades and depth of mineralisation. An initial 100-hole (~50,000 ft) drilling campaign was completed at Thor between November 2021 and March 2022. As part of GTI's 2022 100,000- foot drill program, a 70-hole follow-up campaign was planned to target extents of approximately 2 miles of mineralised uranium roll fronts at the Thor Project.

Seventy holes have been completed at Thor, marking the end of the follow-up drilling program. Drilling was focused in the north-east of Thor, including fresh ground at State Section 29 & 20 leases. 70 holes were completed at Thor for a total of 34,010 feet (10,366 metres) of drilling.

Typical economically viable ISR grade and GT cut-offs are: 0.02% (200ppm) U3O8 and 0.2GT that is, 10 ft (3 m) at .02% (200ppm) U3O8. Initial results are observed as follows: 35 of 70 holes met both grade and GT cutoff with an average of 0.65 GT; 23 of the remaining holes met grade cutoff but not GT, 8 had trace mineral & 4 were barren. These results are very encouraging, with mineralisation encountered meeting expectations for potentially economic ISR uranium recovery.

Drilling to date has confirmed that the historic data is an excellent guide for drilling. Drilling has also shown that the geological and hydrogeological setting of the mineralisation appears to be conducive to ISR recovery with the main host sand appearing to be continuous in the area and the water table being over 100 feet above the main host sand. Drilling increased confidence that at least three separate roll fronts are present in the main host sand with additional sands positioned above and below the main sand unit.

Drilling in the northern parts of Thor and the Section 29 state lease shows that the lower sands host roll front mineralisation within the claims. Continued drilling at the Thor State Lease property (Section 29) has encountered mineralisation in the southern portion of the lease properties. Fourteen drill holes encountered mineralisation above the 0.2 GT target, with the best hole (BR-2041) hitting a total hole GT of 2.55. Correlation of mineralised zones between the holes resulted in two projected mineralisation trends of circa 830 feet in upper & lower sand complexes for a total of 1,667 feet of mineralised roll fronts.