Strathmore Plus Uranium Corporation announced the completion of the first phase of exploratory drilling at the Agate project where uranium mineralization was encountered within 93 of the 100 holes drilled. The uranium mineralization is typical of the classic, Wyoming-type roll front deposit that was first described historically in the Shirley Basin district in the 1960s. The results of the newly completed 50 holes are tabled below.

The highlight was the drilling of holes, AG-10-23 (8.5 feet @ 0.114% eU3O8) and AG-16-23 (14.5 feet @ 0.110% eU3O8") completed 800 feet apart and with open mineralization apparent outwards of each of the drill holes. The 100 holes totalled 14,765 feet drilled. Strathmore is planning and permitting for up to 400 additional drill holes to be completed during the spring/summer of 2024.

Phase 1 of exploratory drilling at theAgate project targeted the Lower "A" sand of the Eocene Wind River Formation, an arkosic-rich sandstone which is noted for its high porosity and permeability, and high groundwater transmissivity. Strathmore explored an area of the Agate project where historical drilling completed by Kerr McGee Corporation in the 1970s encountered uranium roll-front deposits, saturated with groundwater, from 80-150 feet deep. The intercept results are reported at a minimum thickness of 2-feet and a grade cutoff of 0.02% eU3O8 (equivalent uranium), including holes with below cutoff intercepts italicized in the table below.

Hole ID, Latitude, Longitude, Top (ft), Bottom (ft), Thickness (ft), Grade % eU3O8, Grade x Thickness, AG-50-23, 42.31472, -106.28732, 84.5, 7.5, 0.014, 0.105, AG-51-23, 42.31497, -106.25890, 83.0, 90.5, 7.5.5, 0.052, 0.05, AG-52-23, 42.31499, -106.28635, 82.0, 86.0, 0.032, 0.128, 98.5, 102.0, 3.0, 0.014,0.0, 0.049, AG-53-23, 42.31530, -106.28476, 76.0, 78.0, 2.0, 0.024, 0.048, AG-54-23, 42.31502, -106.31502, 73.0, 75.5, 2.042, 0.042, AG-55-23, 42.31528, -106.28407, 88.0, 2.5, 2.5, 0.01, 0.042, Ag-60-23, 42.31431, -106.2840, -106.28665, 82.0, 91.0, 0.01, 3.01, 0.02% eU2O8 (equivalent uranium).