Traction Uranium Corp. announced that, along with UGreenco Energy Corp., completion of the temporary work camp and arrival of both the geological team and the drill crew to the Key Lake South (KLS) Project. The winter 2023 KLS diamond drill program will follow up on the radioactive black soil that had assayed high grade uranium mineralization (0.93 wt.

% U308 and 1180 ppm Cobalt) found near the surface in the till/overburden and a “radioactive swamp” discovered in fall of 2022. Phase 1 diamond drilling is planned for 10 high priority targets totaling approximately 2,000 metres. Most of the drill targets are situated at the edge of the broad gravity-lows identified in the ground gravity survey of 2022 and targeting areas with extreme surface uranium anomalies mapped in 1973 which can be found on Assessment Report # 74H04-001 on the Saskatchewan Mineral Assessment Database (SMAD).

The proposed phase 1 diamond drilling of 2023. Black dots represent proposed drill collars, green squares represent surface radioactive anomalies discovered in the ground program of 2022, red shaded areas represent surface uranium anomalies (uranium content >2.345 ppm) from the airborne gamma-ray spectrometric survey (Ford et al., 2006) and the black shaded area represents the “Athabasca Sandstone” mapped from cobbles in till in 1973 (referenced from Assessment Report # 74H04-001, (SMAD) Saskatchewan Mineral Assessment Database). Actual location of drill collars may change upon ground conditions in the field.

The previously unknown radioactive anomalies discovered by Traction’s exploration team during the ground program of 2022 are of particular interest. Sampling of the “black soil”, where the horizon had an observed thickness of approximately 30 centimetres returned high grade uranium mineralization in the SRC analysis results. In addition, with the ground presently frozen, the “radioactive swamp” is now accessible which is another high priority drill target for the company’s team.

Drill crews are currently mobilizing equipment to the first drill target to commence coring this week.