Atomic Minerals Corporation announced the identification of the Pistol Lake Target Zone ("PLTZ") following a comprehensive analysis of historical datasets at its Pistol Lake Project ("Pistol Lake"), in the Athabasca Basin of Northern Saskatchewan. As part of the comprehensive review of each of the properties acquired in the recent Saskatchewan acquisition, Grander Exploration Ltd. ("Grander") has identified a NE 3.5km coincidental mag and gravity low anomaly trending across the entire length of Pistol Lake property and extending onto Cameco claims to the SW and NE: the Pistol Lake Target Zone. While the Pistol Lake Target Zone was overlooked by Cameco, the Company feels it represents a significant opportunity with historic drilling in adjacent areas, like the Thorburn Lake Grid to the SW, encountering highly altered sandstones, a key indicator of potential deeper basement uranium.

Until recently, Cameco amongst others, commonly drilled one run (+3m) into the basement and stopped; however, the recent Cameco success at Millenium, as well as Fission at PLS and NexGen at Arrow demonstrated following alteration well into the basement can lead to considerable success," he continued. Pistol Lake is completely surrounded by Cameco Corp. ("Cameco") and lies 600 metres north of their Sand Lake deposit and just west of Cigar Lake Uranium Mine (with reserves of over 200M pounds U3O8).

Interestingly, the PLTZ was highlighted as a key area of interest from an extensive 2007 Falcon Airborne Gravity Gradiometer ("AGG Survey"), flown by Fugro Airborne Surveys Pty Ltd. ("Fugro") for Areva S.A. ("AREVA"), the French multinational group specializing in nuclear power headquartered in Courbevoie, France. The survey, which covered over 3,720 square kilometres, identified the PLTZ as one of the most significant findings, especially notable for its coincidental magnetic and gravity lows that align with high percentiles in radiometric readings indicating surface thorium and uranium. Further, historical data from the 2007 AGG Survey provided by Cameco under their 2007 AGG Survey included a moving-loop Time Domain Electromagnetic ("TDEM") ground survey that extended through the region.

Although this TDEM survey did not cover the Pistol Lake claim directly, the presence of conductors identified to both the NE and SW of the claim complements the intriguing features of the PLTZ. Previous drilling in adjacent areas, like The Thorburn Lake Grid, uncovered highly altered sandstones, heightening the prospective value of the surrounding sites. This discovery at Pistol Lake opens a promising chapter for Atomic Minerals as it seeks to explore and potentially develop this high-potential area.

The Company plans to initiate detailed fieldwork in 2024 aimed at probing the uranium potential of Pistol Lake TZ. Atomic Minerals cautions the presence of uranium mineralization at Sand Lake, PLS, Millenium and Arrow are not necessarily indicative of similar mineralization at Pistol Lake.