Strathmore Plus Uranium Corporation announced the expansion of the near-surface, airborne radiometric and magnetic surveys at the Night Owl project, and initiation of a ground geophysical survey at the Agate project, both located in the Shirley Basin uranium district of Wyoming. The intent of the surveys is to define areas of uranium deposits and drilling targets across the project areas, including both surface and sub-surface deposits and associated mineralization of other concentrated metals of interest. During a visit to Night Owl and Agate on June 19, 2023, Dr. Brad Carr (Director of University Wyoming Near-Surface Geophysical Center, Research Associate in UW's Dept.

of Geology and Geophysics) and Terrence Osier, V.P. Exploration, P.Geo., confirmed off-scale (>9,999 cps) surface mineralization at Night Owl in samples from the area previously mined by Atomic Energy Commission (AEC) allotment. The Night Owl survey will be completed by MWH Geo-Surveys, which successfully delineated several targets across the project area during the initial survey in October 2022. In addition to surveying the remainder of the main Night Owl claim group, the survey will include the 640-acre state mineral lease the Company acquired in late 2022.

The Agate geophysical survey is to be conducted by the University of Wyoming's Near-Surface Geophysical Center, under the direction of Dr. Brad Carr. The survey will incorporate near-surface methods that will focus on refining the "proof of concept", locations, and estimates of the petrophysics/geophysical properties of potential roll front deposits, that are needed in advance of detailed 3D geophysical data acquisition in summer 2024. This survey will include all or part 2D seismic reflection imaging, multiple 1D transient electromagnetic and 1D/2D surface nuclear magnetic resonance, surface magnetics, and surface gravity.

The intent of the study is to determine if integrated, multiple method geophysical imaging can improve the understanding and characterization of depositional environment of Wyoming-type roll front mineralization. In addition to the geophysical studies slated for summer 2023, Strathmore plans to complete exploratory drilling at each of the Company's three projects this year. The Company has solicited bids from several Wyoming-based drilling operators for the Agate and Beaver Rim projects.

At Agate, 100 drill holes have been permitted for 15,000 feet of drilling to confirm historical drilling completed by Kerr-McGee in the 1970s, and to expand mineralization into areas previously untested by exploration. The Agate drilling is slated to begin in late July to early August. At the Beaver Rim project, located in the Gas Hills uranium district, 30 drill holes have been permitted for 30,000 feet of drilling to confirm drilling completed by Strathmore Minerals in 2012, and to explore areas of highly prospective mineralization on-trend to known uranium roll fronts that extend southward from Cameco's adjacent Gas Hills project which is permitted to mine by -in-situ recovery methods.

The Beaver Rim drilling is to begin in August. At Night Owl, the Company recently submitted a permit application to drill 30 holes for 3,000 feet of drilling. The Company anticipates receipt of a permit to explore Night Owl by late summer, with drilling to begin during the autumn months.