Standard Uranium Receives High-Grade Uranium Assays from 2024 Sun Dog Prospecting Program up to 13.0% U3O8 By Investing.com

Vancouver, British Columbia–(Newsfile Corp. – November 15, 2024) – Standard Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (“Standard Uranium” or the “Company“) is pleased to report initial assay results from the 2024 exploration program at the Company’s Sun Dog Uranium Project (“Sun Dog“) located near Uranium City in northwestern Saskatchewan (Figure 1). Detailed mapping and prospecting across multiple target areas was completed ahead of the 2024 summer drill program, returning outcrop grab samples containing anomalous uranium up to 13.0% U₃O₈. The Project is currently under an earn-in agreement with Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (“Aero“), who have committed to Year 2 of the three-year earn-in option agreement (the “Option“) that was executed on October 20, 2023. Aero will commit a minimum of $2.0M in Year 2 exploration expenditures on the Project starting on October 20, 2024. Exploration programs are managed and operated by Standard Uranium.

Highlights:

• High-Grade Uranium Assays: The Wishbone and Spring-Dome Target (NYSE:) Areas contain numerous recent and historical high-grade uranium assays from outcrop samples that range from 0.01% to 17.4% U₃O₈^1,2.

• Wishbone Target Area: Recent prospecting has outlined new uranium mineralization at surface with uranium assays up to 0.143% U₃O₈ and confirmed historical showings up to 0.32% U₃O₈³ within and immediately adjacent to graphitic pelite outcrop.

• Spring-Dome Target Area: New zones of off-scale radioactivity >65,535 cps at surface associated with visible uranium mineralization grading up to 13.0% U₃O₈ have been discovered during the recent prospecting program at the un-tested Spring-Dome target area.

• McNie Target Area: More than 4km of untested VTEM^™ conductors off-set by major faults which host known uranium showings to the east and to the west towards the past-producing Gulch uranium mine. Uranium mineralization returned within a boulder sample up to 0.25% U₃O₈.

• Anomalous Radioactivity at Wishbone: A total of 1,593 metres were completed across eight drill holes targeting shallow high-grade ^{basement-hosted uranium mineralization at the Wishbone target area. Intervals of anomalous radioactivity >300 counts per second (“cps”) were intersected in seven of eight drill holes with geochemical assays pending.}

• Unrealized Potential: The targets tested during the summer 2024 program represent only a small fraction of the dozens on the ground and the Company is working with its option…