Basin Uranium Corp. announced it has acquired the Wolf Canyon Uranium Project located in Fall River County, South Dakota, USA. The Project, which was acquired through direct staking by the Company, is comprised of 80 unpatented mineral lode claims totaling 1,600 acres located two miles east of US Hwy-18 and approximately eight miles east of the Company's Chord project.

The Wolf Canyon Uranium Project is comprised of 1,600 acres of contiguous claims (80 unpatented mineral lode claim) located 10 miles east of Edgemont, South Dakota. Access to the property is facilitated through US Highway 18, located two miles to the west, with year-round gravel and ATV roads servicing the claims. The Wolf Canyon project lies within the northeast trending Long Mountain structural zone with uranium mineralization hosted in the Inyan Kara sedimentary group. The uranium deposits of southwest South Dakota are roll-front style typically found in paleo-fluvial channels similar to those found in Wyoming and other productive districts.

Exploration on Wolf Canyon dates back to the 1970's with several large companies having drilled numerous wells on the property. Specifically, resource drilling by Union Carbide Corp. in the 1970's reported uranium mineralization significant enough to commission an internal resource, however additional verification and validation must be performed by the Company's Qualified Person before being disclosed publicly.

Option and Restricted Share Unit Grant. The Company has granted a total of 267,211 stock options under the Company's stock option plan to various business consultants. The options vest immediately and are exercisable for a period of five years at an exercise price of $0.33.

In addition, the Company has also issued an aggregate of 305,000 restricted share units ("RSUs") to certain officers, directors and consultants of the Company. The RSUs vest immediately and are exercisable for a period of five years. The incentive options and RSUs are subject to a hold period of four months and a day from issuance in accordance with the Canadian Securities Exchange Policy 6. The Company has entered into an agreement dated February 6, 2024 (the " IR Agreement") with Brisco Capital Partners Corp.

(" Brisco") pursuant to which Brisco will provide the Company with marketing and investor relations services to expand investor awareness of the Company's business and to communicate with the investment community (the " Promotional Activity"). The Promotional Activity will include liaising with the investment community, introducing the management of the Company to investors, assisting in the presentation of information to those potential investors, and may also include the organization of roadshows. The Company has engaged Brisco for a term of 12 months, unless extended by the parties, and the Promotional Activity is expected to commence on February 6, 2024 and is expected to end on or around February 6, 2025.

The Company is permitted to terminate the IR Agreement at any time upon giving 30 days of notice to Brisco. As consideration for the provision of the Promotional Activity, and pursuant to the terms and conditions of the IR Agreement, the Company has agreed to (i) pay Brisco a monthly fee of $7,500, (ii) grant Brisco 250,000 stock options (the " Brisco Options"), and (iii) reimburse Brisco for all reasonable out of pocket expenses. The Brisco Options, 25% of which will vest every three months following the date of grant, will be exercisable to acquire common shares at a price of $0.33 for a period of five years from the date of grant.

Brisco is an Alberta-based, full-service investor relations firm with more than two decades of experience working with publicly listed Canadian issuers.