Baselode Energy Corp. announced new uranium (U3O8) assays from 5 drill holes from the 7,512 metre diamond drilling program (the Program) completed within the ACKIO uranium prospect (ACKIO) on the Hook project (Hook or the Project). Baselode has assays from 6 exploration drill holes outside the ACKIO system to be released.

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 AK23-102 to AK23-104 were designed to locate mineralization beyond the modeled extents of Pod 7. They were drilled 50 m north of higher concentrations of uranium previously encountered in drill holes AK23-095, AK23-096 and AK23-098.

The results from hole AK23-102 suggests uranium concentrations are getting stronger as exploration continues along the Pod 7 mineralized corridor. Drill holes AK23-114 and AK23-115 were designed as 25 m step-outs to locate high-grade uranium mineralization intersected in AK23-102. Although neither drill hole intersected similar results as AK23- 102, the results from AK23-114 were more encouraging, including shallow uranium mineralization potential.

Holes AK23-114 and AK23-115 have not restricted the potential for AK23-102-like mineralization from occurring in the area. Geochemical U3O8 assay results from drill holes AK23-102 to AK23-104, and AK23-114 to AK23-115 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 six 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.