Standard Uranium Ltd. (“Standard Uranium” or the “Company”) announced that exploration activities have commenced on the Company's Sun Dog Project, (“Sun Dog” or the “Project”) located in the northwestern Athabasca Basin, Saskatchewan. High-resolution geophysical surveys are currently underway on the Project, with the Standard Uranium team and drill crews scheduled to mobilize in three weeks. The Project is comprised of 6 mineral claims over 15,770 hectares and is highly prospective for basement-hosted and unconformity-related uranium deposits.

High-resolution ground gravity and UAV magnetic surveys will refine specific drill targets; Approximately 3,000 metres in ten (10) diamond drill holes planned, subject to weather and ice conditions, to follow up on known high-grade uranium mineralization; Drilling to commence first week of March 2022; Inaugural drilling by Standard Uranium at the Skye, Haven, and Java target areas; Exploring several kilometres of graphitic conductors coincident with cross-cutting faults and historical surface and drillhole intersections of high-grade uranium mineralization; Efficiently testing down-dip extensions of structures hosting mineralization at surface with the aim of discovering high-grade basement “roots” of the mineralizing systems underlying the Athabasca sandstones. High-resolution ground gravity and UAV magnetic surveys are currently proceeding over Sun Dog target areas which will further refine existing high-priority drill targets. The ice road access to the Project is presently underway, and Standard Uranium geologists and drill crews are slated to mobilize to site the last week of February 2022, with drilling commencing the first week of March.

The Sun Dog Project boasts all the favorable characteristics to host an Athabasca-style unconformity-related uranium deposit, and despite positive historical results, the Project has not been drill tested in 14 years. The Company aims to breathe new life into the Uranium City area through exploration for high-grade basement- and sandstone-hosted uranium using modern techniques and geological understanding.