Strathmore Plus Uranium Corporation announced the results of the first twelve holes drilled at Agate project in the Shirley Basin uranium district of Wyoming, where all 12 holes hit mineralization. These results confirm that the Agate project is ideal for ISR mining. The drilling targeted a shallow uranium deposit previously explored by Kerr McGee Corporation during the 1970s, where over 650 holes were drilled.

Phase 1 of exploratory drilling at the Agate project is targeting the Lower A sand of the Eocene Wind River Formation, an arkosic-rich sandstone which is noted for its high porosity, permeability, and transmissivity. The Lower A sand contains most of the known uranium resources currently delineated in the Shirley Basin district and was host for the majority of 55 million pounds of uranium previously mined in the district from the 1960-80s. Strathmore is exploring an area of the Agate project where historical drilling completed by Kerr McGee encountered uranium roll-front deposits, saturated with groundwater, from 80-130 feet deep.

The exploration is being completed by mud-rotary drilling followed by geophysical logging. The intercept results from the twelve holes tabled below are reported at a minimum thickness of 2-feet and a grade cutoff of 0.02% eU3O8 (equivalent uranium determined by calibrated geophysical tools). Hole ID, Latitude, Longitude, Interval (ft), Thickness (ft), Grade % eU3O8, Grade x Thickness, AG-1-23, N 42.3150, W-106.2862, 85.5-90.5, 4.0, 0.056, 0.224, AG-7-23, N 42.3152, W-106.2856, 87.5-98.0, 10.5, 0.033, 0.132, AG-9-23, W-106.3153, W-106.2866, 93.5-100.0, 6.5, 0.063, 0.410, AG-10-23, N 42.

3150, W-106.3150, W- 106.2852, 82.0-98.0, 16.0, 0.081, 1.300, AG-11-23, N 42.5-90.0, 4.5, 0.040, 0.180, AG-12-23, N 42. 3155, W-106.3155, W-106.2851, 88.5-91.0, 2.5, 0.073, 0.183. Note: The geophysical results are based on equivalent uranium of the gamma-ray probes calibrated at the Department of Energy's Test Facility in Casper, Wyoming.

A geophysical tool with gamma-ray, spontaneous potential, resistivity, and drift detectors was utilized. The reader is cautioned that the reported uranium grades may not reflect actual concentrations due to the potential for disequilibrium between uranium and its gamma emitting daughter products. Strathmore is permitted to drill 100 holes for 15,000 feet in Phase 1 at Agate.

The exploratory drilling is being completed by Single Water Services and the geophysical probing by Hawkins CBM Logging, both of Wyoming with extensive experience working in the uranium industry.