KELOWNA, British Columbia–(Newsfile Corp. – April 17, 2023)- F3 Uran Company (TSV: Phew) (OTCQB: fufufu) (“F3” again “companyWe are pleased to present the first analysis from 12 drill holes, including the Patterson Hubei (PLN) drill hole PLN23-060, which had the highest reported radioactivity to date (March 27, 2023). See press release).

Analysis of PLN23-060 returned one continuous result Average 9.4% U at 14.5m intervals₃〇₈ Includes ultra-high grade 5.0m intervals with an average of 26.7% U₃〇₈including the 2.5m interval that measured an additional 45.6% cormorant₃〇₈.

Analytical results from a total of 12 boreholes from the Winter 2023 drilling program, including boreholes PLN23-042 through PLN23-052, are disclosed in Table 1 below.

President Raymond Ashley said:

“This first release of assays from the Winter 2023 program at PLN adds confidence to our previously released scintillometer results and we are pleased to report on 12 boreholes, eight of which Containing high-grade uranium mineralization, the JR zone is now defined above the 105 m long strike, which remains open particularly to the south and depth along the strike, the Athabasca unconformity PLN23-060, sloping upwards towards the core 60m grid south of the discovery hole, intercepted a truly impressive dip within the A1 main shear zone, with a peak sample grade of 65.2% U.₃〇₈ Over 0.5m at 244.5m downhole depth. ”

Drilling highlights:

PLN23-060 (Line 060S): Mineralized Interval:

• 14.5m @ 9.4%U₃〇₈ (238.5m to 253.0m), including:
• 5.0m @ 26.7%U₃〇₈ (243.0m to 248.0m), including
• 2.5m @ 45.6%U₃〇₈ (244.0m～246.5m)

Main interception:

PLN23-044 (Line 015S): Mineralized Interval:

• 1.0m @ 2.27%U₃〇₈ (227.5m to 228.5m), and:
• 2.5m @ 0.276%U₃〇₈ (233.5m～236.0m)

PLN23-046 (Line 015S): Mineralized Interval:

• 4.0m @ 2.6%U₃〇₈ (261.0m to 265.0m), including:
• 1.5m @ 6.5%U₃〇₈ (263.0m～264.5m)

PLN23-047 (Line 00N): Mineralized Interval:

• 10.0m @ 0.8%U₃〇₈ (199.0m to 209.0m), including:
• 1.0m @ 3.55%U₃〇₈ (206.0m～207.0m)

PLN23-048 (Line 030S): Mineralized Interval:

• 13.5m @ 5.3%U₃〇₈ (247.0m to 260.5m), including:
• 4.0m @ 17.3%U₃〇₈ (249.0m～253.0m)

PLN23-049 (Line 015N): Mineralized Interval:

• 7.0m @ 0.62% cormorant₃〇₈ (245.5m to 252.5m), including:
• 2.0m @ 1.24%U₃〇₈ (247.0m～249.0m)

PLN23-050 (Line 045S): Mineralized Interval:

• 15.5m @ 2.1%U₃〇₈ (249.5m to 265.0m), including:
• 4.0m @ 7.2%U₃〇₈ (252.0m～256.0m)

PLN23-051 (Line 00N): Mineralized Interval:

• 0.5m @ 0.054%U₃〇₈ (209.0m～209.5m)

PLN23-052 (Line 060S): Mineralized Interval:

• 6.5m @ 3.2%U₃〇₈ (249.0m to 255.5m), including:
• 1.5m @ 12.7%U₃〇₈ (253.0m～254.5m)

Table 1: Assay results

Assay Composite Parameters:

1: minimum thickness 0.5 m
2: Assay grade cutoff: 0.05% U₃〇₈ (weight %)
3. Maximum internal dilution: 2.0 m

Composite weight % U₃〇₈ Mineralization zones are summarized in Table 1. Samples from the drill core are split in half on site. If possible, samples are normalized to 0.5m downhole spacing. Half of the split sample will be sent to SRC Geoanalytical Laboratories in Saskatoon, SK (an SCC ISO/IEC 17025: 2005 accredited facility), and the other half will be left on-site for reference. Analyzes include a 63 element suite including Boron by ICP-OES, Uranium by ICP-MS and Gold by ICP-OES and/or AAS. All reported depth measurements are downhole, and while the true thickness has not yet been determined, we have determined the true thickness for the intervals reported in this news release. is estimated to be close to the interval width. We consider uranium mineralization when the analytical result exceeds 1.0 wt % U.₃〇₈ As “high grade”, the result exceeds 20.0 wt % U₃〇₈ as “ultra-luxury”.

About Paterson Lake North:

Our 39,946-hectare, 100%-owned Patterson Lakes North Property (PLN) is located on the southwestern edge of the Athabasca Basin, close to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits. It is poised to become the next major development area for new uranium operations in northern Saskatchewan. PLN is accessible via Provincial Highway 955, which traverses the property. The new JR zone uranium discovery is located 23 km northwest of the triple R deposit of fission uranium.

Eligible person:

The technical information in this news release was prepared in accordance with Canadian regulatory requirements as set forth in National Instrument 43-101 and was approved on behalf of the company by Raymond Ashley of P.Geo, President and COO of F3 Uranium Corp. . qualified person. Ashley confirmed the disclosed data.

About F3 Uran:

F3 Uranium is a uranium project generator and exploration company focused on projects in the Athabasca Basin, home to one of the world’s largest high-grade uranium discoveries. F3 Uran currently has 16 projects in the Athabasca Basin. Several of F3’s projects are near major uranium discoveries, including Triple R, Arrow, and Hurricane.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts. including, but not limited to, statements regarding future estimates, plans, programs, projections, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the property for mining exploration, future payments; It will not be. , the issuance of equity and working commitment funds, and the execution of a final option agreement on the property are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of our management based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed in our filings with securities regulators from time to time. This could cause actual results to differ materially from those set forth in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this release and the Company makes no statements, whether as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise any forward-looking statements or information. Required by applicable securities laws.

TSX Venture Exchange and the Canadian Stock Exchange have not reviewed, approved or disapproved of the contents of this press release and are not responsible for its adequacy or accuracy.

F3 Uranium Co., Ltd.
750-1620 Dixon Avenue
Kelowna, BC V1Y9Y2
contact address
PR for investors
Phone: 778 484 8030
Email: This email address is being protected from spambots. JavaScript must be enabled to view.

On behalf of the Board of Directors
“Dev Landawa”
Dev Randhawa, CEO

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