GoviEx Uranium Inc. announced that it has concluded an extensive drilling program in support of its ongoing feasibility study at its wholly owned, mine permitted Muntanga Uranium Project in Zambia. This field work was conducted following a successful drilling program in 2022, which resulted in an updated increased mineral resource estimate ("MRE") reported on July 17, 2023. In the second half of 2023, the Company conducted a total of 15,835 metres of infill drilling, covering 160 holes mostly at the Dibbwi East and Muntanga deposits, with the objective to further upgrade the mineral resource category in areas previously categorized as inferred, mostly due to drill hole spacing and expansion of the Dibbwi East mineral resource open pit.

The results of the current infill drilling program indicate potential for conversion of mineral resources from the inferred into the indicated categories. The updated MRE resulting from the 2023 drilling will be reported as part of the forthcoming feasibility study in 2024.