Standard Uranium Ltd. announced the acquisition by staking of three new 100% owned uranium exploration properties in the Athabasca Basin region, northern Saskatchewan.With the addition of the Cable Bay Southwest, Ox Lake, and Brown Lake Projects, the Company has ownership interests in ten projects, totalling over 196,300 acres across the uranium-rich Athabasca Basin. With three earn-in option agreements completed since expanding the Company?s business strategy to include project generation in addition to pure exploration strategies, the Company continues to seek strategic partners to advance non-core projects, including these newly acquired assets. The CBSW project comprises two mineral claims totalling 3,158 ha and is approximately 18 km south of the present-day margin of the Athabasca Basin.

The project covers 8.6 km of the northeast trending Cable Bay Shear Zone (?CBSZ?), a major structural discontinuity which is host to several uranium occurrences proximate to and along strike of the structural corridor on the property. The CBSZ is characterized by a regional magnetic high corridor flanked by magnetic gradients. Electromagnetic (?EM?) surveys conducted in the late 1970?s outline an EM zone associated with a magnetic low, paralleling the northwestern flank of the CBSZ.

The northern claim block covers an apparent left-lateral break in the magnetic high corridor, with the eastern splay of magnetic high tying into the hinge of an interpreted fold structure of metasedimentary rock units on the property. The Project has never been drill-tested, and will benefit from additional surface sampling and geophysical surveys to aid in future drill target generation.