Baselode Energy Corp. announced new uranium (U3O8) assays from 4 drill holes from the 7,512 metre diamond drilling program completed within the ACKIO uranium prospect on the Hook project. Baselode has assays from 11 drill holes to be released, including those with the high radioactivity results.

ACKIO Drill Program Details: 36 drill holes for 7,512 metres (m) were completed during the Program. ACKIO consisted of 30 drill holes for 6,193 m, Mirror consisted of 5 drill holes for 1,145 m, and 1 drill hole for 174 m was completed on a regional exploration target. Drill holes AK23-111 to AK23-113 were drilled specifically to target uranium mineralization at the overburden contact outside of modeled areas.

The results from holes AK23-111 and AK23-112 suggest Pod 7 could have a minimum 25 m wide uranium mineralized envelope at the overburden contact. Drill hole AK23-116 confirmed the presence and continuity of narrow mineralization over discrete widely spaced intervals between the main body's of Pods 1 and 7. Geochemical U3O8 assay results from drill holes AK23-111 to AK23-113, and AK23-116 were provided by Saskatchewan Research Council's Geoanalytical Laboratory (SRC) in Saskatoon, Saskatchewan. The assay methodology includes SRCs U3O8 Wt% Assay analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO3.

The digested volume is then made up with deionized water for analysis by ICP-OES. Uranium assay results from the remaining eleven drill holes will be released after being compiled, thoroughly quality checked, and interpreted by the technical team. ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s and Orano's McArthur River mine and Key Lake uranium mill joint ventures.

ACKIO is 70 km northeast of the Key Lake mill. The Program was helicopter-supported to lessen any ground-induced environmental impacts within the project area.