Baselode Energy Corp. announced additional uranium assays from 5 drill holes of the 7,512 metre diamond drilling program completed within the ACKIO uranium prospect on the Hook project. Assays from the remaining 20 drill holes cover shallow mineralization in Pods 1 and 7, and exploration drillholes outside of the known ACKIO footprint.

36 drill holes for 7,512 metres 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 AK23-92 and AK23-94 confirmed mineralization is open at the edges of Pods 4 and 5. Mineralization was intersected between 150 m and 190 m true vertical depth, growing some of the deeper mineralized Pods at ACKIO.

Highlight results from AK23-92 indicate multiple uranium intersections from Pod 4 could connect with Pod 7, creating a continuous zone of mineralization that would extend from the overburden contact at approximately 40 m beneath the surface down 200 m beneath the surface and still open at depth. Drill holes AK23-100 and AK23-101 were drilled within the edge and centre of Pod 2, respectively. Mineralization was intersected between 100 m and 140 m true vertical depth.

Mineralization in AK23-100 confirmed the northern edge of Pod 2 is still open, and AK23-101 confirmed previously modelled mineralization within the centre of Pod 2 for the purpose of future resource estimation. Geochemical U3O8 assay results from drill holes AK23-92 to AK23-94 and AK23-100 to AK23-101 were provided by Saskatchewan Research Council's Geoanalytical Laboratory 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 twenty 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.