Standard Uranium Ltd. announced that exploration activities have commenced on the company's 100% owned Sun Dog Project (“Sun Dog” or the “Project”) located in the northwestern Athabasca Basin, Saskatchewan. Ice road access is currently being constructed, with the Standard Uranium team and drill crews scheduled to mobilize in three weeks. Sun Dog is located at the northwestern edge of the Athabasca Basin, Saskatchewan, and is south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City.

Approximately 3,000 metres in eight (8) diamond drill holes planned, subject to weather and ice conditions, to follow up on known high-grade uranium mineralization and winter 2022 drill holes; Drilling to commence early February 2023; Follow-up drilling by Standard Uranium at the Skye, Haven, Johnston-Bay, 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. The Sun Dog Project boasts all the favorable characteristics to host a high-grade, Athabasca-style unconformity-related uranium deposit. The Company aims to help breathe new life into the Uranium City area through exploration for high-grade basement- and sandstone-hosted uranium using modern exploration techniques and geological understanding.

Strongly elevated pathfinder elements such as boron and moderately anomalous uranium (partial digestion) indicate the possible proximity to mineralization at depth and encourage continued exploration on the Project in 2023. The Haven and Johnston-Bay (“J-Bay”) target areas are priority follow-up for the upcoming program based on dravite alteration and significant boron, structure, and anomalous uranium and pathfinder elements. During the planned two-drill program for 2023, the Skye target area to the East of Johnston Island will also be tested for the first time.