Cosa Resources Corp. announced completion of the previously announced acquisition (the Acquisition) of the Titan uranium Property in the Athabasca Basin, Saskatchewan (Titan or the Property) from CanAlaska Uranium Ltd. (the Vendor) pursuant to a property acquisition agreement dated January 12, 2024 (the Purchase Agreement). Additionally, the Company has entered into a service agreement (the Service Agreement) with Swiss Resource Capital AG (SRC).

Highlights: Eight mineral dispositions totalling 9,333 hectares have been acquired, doubling the size of Cosa's Orion Project to 18,332 hectares. The expanded Orion Project captures over 22 kilometres of the fertile Larocque Lake trend, which hosts the Hurricane Deposit and several other significant uranium showings. Orion now captures nearly 12 kilometres of the Cigar Lake trend where it intersects the Larocque Lake trend, both of which host several mineralized intercepts and uranium deposits.

The Expanded Orion Project: The expanded Orion Project (the Project) comprises 11 claims totaling 18,332 hectares and lies within 31 kilometres of the Cigar Lake Uranium Mine. The Project covers 22 kilometres of the Larocque Lake trend which hosts the Hurricane uranium deposit, the Larocque Lake uranium zone, and the Alligator Lake uranium zone. Cosa interprets that within Orion the Larocque Lake trend is intersected by the Cigar Lake trend which hosts the Cigar Lake Mine and the Tucker Lake uranium zone to the east of the Project.

Results at Tucker Lake include 5.7% U3O8 over 4.5 metres in drill hole CLC5-11 (639.0 - 643.5 metres). West of Orion, the interpreted extension of the Cigar Lake trend hosts drill hole PAR-03 which intersected 0.05% U3O8 over 1.0 metres (932.4 - 933.4 metres). Historical geophysical surveying over the expanded portion of Orion includes ZTEM, a modern airborne survey system capable of mapping electromagnetic (EM) conductors at depth within the basement.

Initial steps for the newly acquired ground are expected to include interpretation and three-dimensional (3-D)inversion of this historical dataset to guide ground-based follow up. In western Orion, 3-D inversion results from Cosa's 2023 MobileMTTM survey indicate a prominent, kilometre-scale zone of conductivity in the sandstone above basement-hosted electromagnetic conductors, a geophysical signature consistent with the unconformity-related uranium deposits in the Athabasca Basin. This target area remains a high priority for follow-up in 2024.

Only two drill holes are known to have been completed within the expanded Project. The depth to the unconformity is estimated to be between 700 and 900 metres.