Latitude Uranium Inc. announced the successful completion of its Phase 2 2023 drill program at the Angilak Project in Nunavut, Canada. The Phase 2 program consisted of three additional holes (Holes 23-LC-16B, 23-LC-17 and 23-LC-18) totaling 889 metres and focused on the western side of the Main Zone of the Lac 50 Trend. When combined with Phase 1 which consisted of 4,776 metres in 15 holes, the total 2023 program (Phase 1 and Phase 2) comprised 5,665 metres in 18 holes.

The 2023 Angilak drill program consisted of a total of 5,665 metres in 18 holes all focused on the Main Zone of the Lac 50 Trend. Phase 1 consisted of 4,776 metres in 15 holes (1-15) and Phase 2 was 889 metres in 3 holes (16-18). All samples are enroute to Saskatchewan Research Council in Saskatoon, Saskatchewan for assay with results expected in November Hole 18 (23-LC-018) was designed as a downdip follow-up to test the continuity of a wide interval (~200 metres downhole width) from historical drillhole 12-LCM-015 that showed intermittent mineralization from approximately 100 metres downhole to the end of the hole at 300 metres.

Results from hole 18 (23-LC-018) show radioactivity up to 8,000 cps was intersected in quartz-carbonate-graphitic structures at approximately 213 metres and intermittent anomalous radioactivity continues downhole to 417 metres, coinciding with an approximately 200-metre interval of intermittent anomalous structures in historical drillhole 12-LCM-015. There are 2 significant results of hole 18 that require further geological work and are expected to be a focal point of the 2024 drill program. First, hole 18 (23-LC-018) appears to demonstrate downhole continuity from historical hole 12-LCM-015.

Second, there are 2 wide intervals of 40.6 metres (324.2m-364.8m) and 21.3 metres (395.3 m-416.6 m) with up to 6,200 cps below the historical hole that ended at 300 metres. Hole 16 (23-LC-016B) was designed to fill in an approximate 100-metre gap up-dip of historical drillhole 11-LC-005. Up to 3,090 cps was intersected in a quartz-carbonate vein, along strike of a historical intercept approximately 25 metres downhole.

Hole 17 (23-LC-017) was designed to test the continuity of structure and mineralization in the northwest extension of the Main Zone. Hole 17 is located 94 metres west of historical hole 11-LC-025 and approximately 150 metres along strike to the northwest of drillhole 23-LC-018. Hole 17 intersected 3 intervals of over 4 metres each with values of up to 870 cps in quartz-carbonate-hematite veining and trace graphite.