Latitude Uranium Inc. announced it has completed Phase 1 of its 2023 drill program at the company's recently acquired Angilak Project located in Nunavut, Canada. The Phase 1 program was comprised of 15 holes totaling 4,750 metres and focused on the Main Zone of the Lac 50 Trend. Phase 2 is expected to include up to an additional 700 metres for a total of 5,500 metres for the entire 2023 season.

Highlights of Phase 1 2023 Drill Program: Potential new lens identified just south of the Main Zone mineralization with anomalous radioactivity up to 11,000 counts per second ("cps"). West side of the Main Zone shows continuity and downdip extension with all three holes showing anomalous radioactivity of up to 21,000 cps. East side of the Main Zone shows continuation with off scale reading the best hole showing off-scale mineralization of up to >65,535 cps, RS230.

Phase 1 of the 2023 Angilak drill program consisted of 15 holes totaling 4, 750 metres focused on the Main Zone of The Lac 50 Trend. Drilling is currently paused for the required rest time in accordance with the Nunavut Workers' Safety and Compensation Commission (WSCC) regulations. Phase 2 of the drill program is currently being mobilized and is anticipated to include an additional 700 metres for a Total of 5,500 metres for a total of 5.500 metres for the entire 20 23 field season.

Drillhole results from Phase 1 are shown below in Table 1 as cps, with the first batch of core samples currently enroute to the Saskatchewan Research Council in Saskatoon, Saskatchewan for assay. This area remains open for further testing along strike to the east and west, and downdip to the south. Follow-up drilling will require additional analysis, including updating structural understandings, and are expected to be a main focus of the 2024 drill program.

Main Zone - West Side (4 holes) Holes 11, 12 and 14 (23-LC-011, 23-LC-012, 23-LC-014) were focused on extending mineralization downdip of existing southwesterly plunging mineralized lenses. Results will be analyzed to aid in future targeting between the Main and Eastern Zone.