Kraken Energy Corp. reported that it has added a second drill rig at Garfield Hills Uranium Property in Nevada and will be expanding its inaugural drill program after receiving positive initial drilling results. Five drillholes have intersected elevated radioactivity: Drillhole GH22-01 intersected 22.0 metres ("m") of elevated radioactivity with scintillometer readings from greater than 250 to 1500 cps (20.0 to 42.0 m) - Including 1200-1500 cps over 1.0 m (25.0 to 26.0 m); Drillhole GH22-02 intersected 16.0 m of elevated radioactivity with scintillometer readings from greater than 250 to 950 cps (40.5 to 56.5 m) Including 700-950 cps over 2.0 m (42.0 to 44.0 m); Drillhole GH22-03 intersected 32.0 m of elevated radioactivity with scintillometer readings from greater than 250 to 370 cps (0.0 to 32.0 m); Drillhole GH22-05 intersected 24.5 m of elevated radioactivity with scintillometer readings from greater than 250 to 560 cps (51.0 to 75.5 m).

The inaugural drilling program has been increased from 2,000 m to 2,500 m Additional drill rig added to support increased meterage objective Elevated radioactivity within sandstone host unit remains open in all directions. The Company has added a second drill rig and is expanding the original 2,000 m, 25-hole Phase I diamond drill program to 2,500 m as a result of successful initial drill results with intercepts of 16.0 to 32.0 m returning elevated radioactivity with greater than 250 to 1500 cps at the Garfield Hills Property. The 1,238-hectare (3,060 acre) Garfield Hills Property is located within the jurisdiction of Nevada's Bureau of Land Management ("BLM"), 19 kilometres ("km") (12 miles) east of Hawthorne in Mineral County, Nevada.