Basin Uranium Provides Chord Permitting Update

Vancouver, September 16, 2024 - Basin Uranium Corp. (CSE: NCLR) (CNSX: NCLR.CN) ("Basin Uranium", "Basin" or the "Company") is pleased to provide an update on permitting for the Company's flagship Chord uranium project in South Dakota. The Company has completed its summer field work and associated reporting. In all, six (6) surveys were completed including: wildlife/raptor, vegetation and cultural resource surveys on both State Section 36 and the adjacent USFS lands that are located within our future proposed exploration and development area.

"Completing six important surveys over the past couple months on time and on budget allowed us to significantly advance our permitting plans in South Dakota. We remain committed to environmentally safe and conscious exploration that meets or exceeds the standards currently used across the industry," commented Mike Blady, CEO of Basin Uranium. "We are looking forward to continuing to advance our Chord permitting in a professional and timely manner."

Next steps for the state section include hosting an onsite meeting for interested Tribes and Tribal members (within the next two weeks) to discuss and finalize the cultural resource surveys before submittal to the State Historic Preservation Office (SHPO). The SHPO review of the report and subsequent signoff is expected by the end of October. Upon receiving final signoff from SHPO, the Department of Agriculture and Natural Resources (DANR) will have 30 days to determine the completeness of our report and conduct a site visit. With the permitting process culminating in a public consultation period, a hearing by the South Dakota Board of Minerals, and the paying of an assurance bond. These steps are expected to be completed between Q4/2024 to Q1/2025. The Company continues to work collaboratively with the various administrative and government agencies to achieve the most expedient timeline possible.

About Basin Uranium Corp.

Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. All five projects have seen extensive historical exploration and located in prospective development areas. The Company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia.

For further information, please contact Mr. Mike Blady or view the Company's filings at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS:

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223142