Standard Uranium Ltd. announced the completion of the Phase II summer 2021 diamond drilling program at the Company?s 25,886 hectare Davidson River Project. The Project is located in the Southwest Athabasca Uranium District of Saskatchewan, approximately 25 km to 30 km, respectively, to the west of Fission Uranium?s Triple R and NexGen?s Arrow deposits. This news release includes initial geochemistry (assay) results from the Company?s summer drill program, showing elevated radioactivity discovered in the Saint, Warrior and Bronco trends. Final results from the Company?s summer drill program are expected in six to eight weeks time. The Davidson River Phase II summer drill campaign officially wrapped up on October 31, 2021. The Company completed thirteen (13) drill holes comprising 3,828 metres of diamond drill core across all four of the major conductive trends on the Project. Several high-priority geophysical drill targets were successfully intersected along the Saint, Warrior and Bronco trends. The summer portion of the Phase II program on the Project successfully followed up on basement structural zones associated with hydrothermal alteration and anomalous geochemical signatures, in addition to exploring high-priority geophysical targets along the previously untested Bronco and Thunderbird trends. Highlights from the Phase II summer program on the Project include: Rock types and structure: Several zones of elevated radioactivity were intersected across the Saint, Warrior and Bronco trends, associated with sheared and pegmatitic basement rocks. A summary of handheld RS-125 scintillometer peaks greater than 300 counts per second (cps); Multiple zones of fault gouge and fault breccia associated with strong clay, chlorite and hydrothermal hematite were intersected along the SE Warrior trend in hole DR-21-025A; Deep seated, strongly graphitic structural zones were intersected within all four drill holes on the Bronco trend, exhibiting 1.3 km of continuity along strike between holes DR-21-027, -031 and -028; and Stacked structures exhibit evidence of brittle reactivation in shear zones and hydrothermal fluid flow through fault conduits along Bronco and Warrior trends. Geochemistry Highlights: DR-21-022: Anomalous U (14.2 ppm) associated with moderate graphite and strong sulphides within a sheared pyrrhotite-rich gabbroic gneiss from 337.75 to 337.85 m. Anomalous Cu (329 ppm), elevated Co (65.4 ppm) and S (3.76 wt%) were also returned. DR-21-023: Elevated U (5.78 ppm) and B (141 ppm) returned from paleoweathered semi-pelitic gneiss from 180.0 to 180.1 m. Anomalous Co (84.4 ppm) and Ni (368 ppm) also returned. DR-21-024: Elevated U (6.06 ppm) from 362.7 to 363.7 m within a graphitic shear zone displaying strong sulphide mineralization. Anomalous Cu (533 ppm), Co (122 ppm), and S (3.7 wt%) also returned. DR-21-025A: Anomalous B (283 ppm), Mo (35.9 ppm), Cu (300 ppm), Co (74.4 pp,), Ni (238 ppm), S (9.23 wt%), Fe2O3 (18.4 wt%), and V (280 ppm) from 264.0 to 264.5 m within a mylonitic graphitic semi-pelitic gneiss. DR-21-026: Anomalous U (149 ppm) and Th (1,530 ppm) and elevated B (136 ppm) from 154.4 to 154.5 m within orthogneiss directly below the unconformity at 152.1 m. DR-21-027: Within a graphitic shear zone from 421.0 to 423.0 m, elevated U (3.48 - 7.86 ppm) and Th (328 - 1,040 ppm) was returned, as well as anomalous Pb (43.3 - 92.4 ppm). The sample interval also returned elevated Rare Earth Elements (REE; Ce values from 1,140 to 3,430 ppm) and alkaline elements, which suggests widespread alkaline metasomatism. The Patterson Lake corridor also hosts prevalent alkaline igneous rocks and related metasomatism which has been linked to deep-seated structures. A similar geological setting may thus be evident on the Bronco Trend. DR-21-028 to 031 results are expected in six to eight weeks and will be announced when they are available.