Baselode Energy Corp. announced new uranium assays from 5 drill holes from the 7,512 metre diamond drilling program completed within the ACKIO uranium prospect on the Hook project. Assays from the remaining 15 drill holes cover shallow mineralization expanding Pod 7, and exploration drill holes outside the known ACKIO footprint.

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 AK23-95, AK23-96, AK23-98 and AK23-99 were drilled within the centre of Pod 1, with the former two drill holes also targeting moderate to deeper portions of Pod 7 to the west, and the latter two drill holes testing the edge of modeled mineralization in Pod 7. Extensive shallow mineralization starting within 50 m of surface was confirmed in three drill holes in Pod 1, including 0.41% U3O8 over 34.85 m at 46.65 m (43.5 m true vertical depth) from AK23-95 and 0.36% U3O8 over 20.0 m at 54.0 m (49.7 m true vertical depth) from AK23-96.

Drill holes AK23-95 and AK23-98 confirmed extensive mineralization within the main body of Pod 7, including 0.11% U3O8 over 24.5 m at 134.5 m (125.3 m true vertical depth) from AK23-95 and 0.18% U3O8 over 13.0 m at 132.0 m (101.1 m true vertical depth) from AK23-98. These results expanded the modelled width of Pod 7. Drill holes AK23-96 and AK23-99 intersected significant uranium mineralization below Pod 7, expanding the modelled depth of Pod 7 (Figure 2). Pod 7 remains open at depth.

Drill hole AK23-97 tested the gap between Pods 1 and 2 to determine if the two Pods are connected. The drill hole intersected a few minor structures with uranium concentrations below reporting limits but not enough uranium to sufficiently determine Pods 1 and 2 as the same Pod. Geochemical U3O8 assay results from drill holes AK23-95 to AK23-99 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 fifteen drill holes will be released after being compiled, thoroughly quality checked, and interpreted by the technical team.