Snow Lake Resources Ltd., d/b/a Snow Lake Energy announced that the Exclusive Prospecting License EPL-5887, which hosts the Engo Valley Uranium Project, has been renewed by the Namibian Ministry of Mines and Energy and is valid until February 12, 2026. Exclusive Prospecting License 5887 . EPL-5887 is held by Namibia Minerals and Investment Holding (Pty) Ltd. .

It covers an area of 69,530 hectares and is valid until February 12, 2026. EPL-5887 covers base and rare metals, industrial minerals, non-nuclear fuel mineral, nuclear fuel minerals, precious metals and precious stones. Acquisition of An 85% Interest in the Engo Valley Uranium Project: As detailed in Snow Lake's announcement on February 21, 2024, Snow Lake and a private British Columbia company have entered into a binding letter of intent, pursuant to which Snow Lake will acquire up to 85% of NMIH, which in turn is the sole registered and beneficial owner of 100% of the right, title and interest in EPL-5887.