Traction Uranium Corp. announced it has intersected a 6 metre zone (‘Zone 1 Overburden Anomaly') of significant radioactivity encountered at shallow and near surface depth, starting from 1.6 metres to 7.6 metres within the overburden, followed by a 52 metre zone (‘Zone 2 Basement Anomaly'), starting from 31 metres to 83 metres of ‘elevated radioactivity' in basement rocks from diamond drill hole #KLS23-007 in downhole probing at the Company's Key Lake South Property (the ‘KLS Property') in northern Saskatchewan's Athabasca Basin. The significant radioactivity from KLS23-007 locates approximately 1 kilometre away from the ‘Black Soil' uranium and cobalt mineralization assayed 0.93 wt.% U3O8, 1180 ppm cobalt, 625 ppm nickel, which was discovered in Fall 2022.

In addition, drill hole KLS23-007 is approximately 7 kilometres from Cameco's Key Lake Uranium Mill and approximately 3.5 kilometres from the highway.