Standard Uranium Ltd. announced the signing of an Exploration Agreement that formalizes the Company's relationship with Ya' thi Néné Lands and Resources, Hatchet Lake Denesuliné First Nation, Black Lake Denesuliné First Nation, Fond du Lac Denesuliné First Nation and the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake and the Northern Settlement of Camsell Portage (the "Athabasca Municipalities", and the Athabasca First Nations, are collectively known as the "Basin Communities"). With the Agreement, YNLR, the Basin Communities and the Company have formed a long-term mutually beneficial partnership. The Basin Communities will benefit from meaningful participation in projects that are conducted on their traditional lands, employment opportunities and financial returns to the Athabasca Community Trust.

The Agreement establishes provisions for information-sharing, permitting processes, and environmental protection and monitoring. YNLR will oversee the Agreement's implementation, and its Community Land Technicians will provide active site monitoring to protect the land and the water of their traditional territory. Through this Agreement, Standard Uranium is confirming its commitment to environmental sustainability, to creating employment and training opportunities in the region, and to contributing towards the socio-economic health of the seven Athabasca communities.