Baselode Webinar: Property Criteria for Uranium Deposits

TORONTO, March 15, 2021 - Baselode Energy Corp. (TSXV: FIND), (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to present its latest webinar 'Part 2a - Fluids and Basin Tectonics', featuring CEO James Sykes. This webinar discusses Baselode's rationale for selecting its Catharsis, Hook, and Shadow properties, and details the following:

1. Redox fluid properties required for high-grade uranium concentration.
2. Are Athabasca fluids required for uranium deposits, and why has the Company staked outside of the Athabasca Basin?
3. A comparison of the Athabasca sedimentary basin's ancient tectonic mountain belt to the Tarim Basin formation within the Himalayan mountain belt. This comparison suggests that Baselode's properties were once underneath sandstones that would have provided soluble uranium within oxygenated fluids for re-deposition and concentration.

VIEW BASELODE'S WEBINAR:
PART 2A - FLUIDS AND BASIN TECTONICS

About Baselode Energy Corp.
Baselode currently controls 100% of approximately 159,000 hectares in the Athabasca Basin area, northern Saskatchewan, Canada.

Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond-drilling.

QP Statement
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director of Baselode Energy Corp., who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in filings by the Company with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

SOURCE Baselode Energy Corp.