92 Energy Limited provided an update on the Company's 2022 drill program at its 100% owned Tower Property. 92 Energy's technical team is now on site and drilling is currently underway. The 2022 Tower drill program will utilise one diamond drill rig and will consist of an initial 1,600m of diamond drilling. Drilling will be carried out by Bryson Drilling Ltd. of Archerwill, Saskatchewan and will be helicopter assisted. Tower The Tower Property is located in the prolific eastern Athabasca Basin uranium district, approximately 10km southeast of Cameco Corp.'s Cigar Lake uranium mine, which has a total mineral reserve of 152.4 Mlbs U3O8 at a grade of 15.41% U3O8 1. Despite its prospective location, the Tower Property has only been historically tested by four drillholes and has not seen any significant exploration work since 2015. Review of the Company's 2021 airborne geophysical survey results along with historical data has identified highly prospective eastern and western structural corridors at Tower, both of which are the focus of the 2022 drill program . The interpreted structural setting of these corridors bears some
similarities to the structural setting hosting Cameco Corp.'s Eagle Point/Rabbit Lake2 and Orano Canada's McClean Lake 3 uranium deposits, respectively. The Eagle Point/Rabbit Lake and McClean Lake uranium deposits have historically produced 203 Mlbs 4 and 50 Mlbs 5 of uranium, respectively. The eastern prospective corridor at Tower will be tested by three drillholes and measures 6.0km in length, with the unconformity expected to be within 150m of surface. The western prospective corridor will be tested by two drillholes and measures approximately 4.5km in length, with the unconformity expected to be within 275m of surface.