Standard Uranium Announces Encouraging Results and Completion of Summer Drilling Program at Sun Dog Project in the Northwest Athabasca Basin

Vancouver, British Columbia–(Newsfile Corp. – September 5, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU) (“Standard uranium” or the “Pursue“) is pleased to announce that drilling has commenced on the Company’s Sun Dog uranium project (“Sundog” or “project“) near Uranium City in northwestern Saskatchewan (Figure 1). The objective of the program was to test the newly identified Wishbone target area for high-grade, basement-hosted uranium deposits typical of the Athabasca Basin.

The project is currently subject to a three-year earn-in option agreement (the “option“) with Aero Energy Ltd. (TSXV: AERO) (“Aero“), which was completed on October 20, 2023. The program was funded by Aero and operated by Standard Uranium. Sun Dog covers 48,443 acres (19,604 ha) across nine mining claims and is located 15 km southeast of Uranium City on the northern edge of the Athabasca Basin. It is host to the historic Gunnar Uranium Mine, discovered in 1952, which doubled Canada’s uranium production and became the largest uranium producer in the world in 1956. The Gunnar Mine produced approximately 18 million pounds of U₃O₈ between 1953 and 1981^1.2.