Traction Uranium Corp. announced demobilization and completion of 10 diamond drill holes totaling 3,005 metres at the Lazy Edward Bay property intersecting elevated levels of radiation downhole signaling favorable indicators of Uranium mineralization. Highlights: Drilling encountered favorable structure, alteration and anomalous radioactivity in the vicinity of historic hole LE-73 on the West Horse conductor.

The Company considers greater than 300 cps on the handheld spectrometer, or greater than 500 cps on the downhole gamma probe as anomalous. The unconformity was intersected at 173 m and a large fault zone was intersected between 178.4 m and 190.1 m. Several drill targets were defined along the East and West Horse conductors based on the 3D conductance model from the inversion of the VTEM data flown by JNR Resources in 2017. Drill holes LE-009 and LE-010 tested 2 of these targets Favorable structure, alteration along with elevated levels of radiation are key indicators for identifying unconformity type, high grade uranium deposits typical in the basin.

Submitted a total of 838 samples for lithogeochemical analysis at SRC Analytical using their “Uranium Package”. Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. Natural gamma radiation in the drill hole surveys that are reported in this news release was measured in counts per second (cps) using a Mount Sopris Instruments QL40-GRA borehole gamma probe.

The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All intersections are down-hole. All depths reported of core interval measurements of radioactivity are not always representative of true thickness.