Mr. Mike Blady reports

BASIN URANIUM ANNOUNCES SUBMISSION OF PERMIT AT SOUTH PASS

Basin Uranium Corp. has submitted a permit application to the Bureau of Land Management, Department of the Interior for exploration drilling at the South Pass uranium project located in Fremont and Sublette county, Wyoming, United States. The project, which was acquired through direct staking by the company, comprises 151 unpatented mineral lode claims totalling 3,020 acres located along the perimeter of the Great Divide basin of Wyoming. Wyoming is home to both the largest uranium reserves and top producing state in U.S., with the Great Divide basin representing the least exploited of Wyoming's basins estimated to contain over 270 million pounds of uranium.

The company has engaged RESPEC Consulting Inc. as a strategic technical and operational partner for the permitting and has submitted a plan of operation for up to 47 drill pads and 30,000 feet of drilling. The drill program is designed to both confirm the and extend the uranium mineralization delineated from the extensive exploration history of the project. Due to standardization of permitting for uranium exploration in Wyoming, the company anticipates the receipt of all requisite permits in third quarter 2024.

"The simultaneous permitting for multiple projects provides us with the flexibility to rapidly advance exploration on multiple fronts concurrently," commented Mike Blady, chief executive officer of Basin Uranium. "Our partnership with RESPEC allows us to leverage their extensive experience in permitting, exploration and development of uranium assets throughout the USA."

South Pass project, Wyoming

The South Pass uranium project comprises 3,020 acres of contiguous claims (151 unpatented mineral lode claims) located 45 miles southwest of Lander, Wy. Access to the property is facilitated through State Highway 28, located within five miles to the southeast, with year-round gravel and all-terrain vehicle roads servicing the claims. Exploration dates back to the 1960s and 1970s with several large companies having drilled numerous wells along a 12-mile-long trend that bisects the long axis of the property. Specifically, close-spaced drilling by Rocky Mountain Energy Corp. (a subsidiary of Union Pacific Railway) in the 1980s reported uranium mineralization at depths of over 400 feet -- depths which would be potentially amenable to in-situ recovery (ISR) methods. Evaluation of historical records also indicated a historic resource was calculated on at least two parts of the claims currently comprising the South Pass project, however additional verification and validation must be performed by the company's qualified person before being disclosed publicly.

The reader is cautioned that at this time it is too early to assess the feasibility of these recovery methods at South Pass however mineralization at this depth typically lies within the parameters of ISR mining and recovery.

Qualified person

R. Tim Henneberry, PGeo (B.C.), a technical adviser to the company, is the qualified person as defined by National Instrument 43-101 who has reviewed and approved the technical data in this news release.

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.

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