Mr. Terrence Osier reports

STRATHMORE FINALIZES AGATE PERMIT FOR 200 HOLE DRILLING PROGRAM

Strathmore Plus Uranium Corp. is planning a 200-hole drill program in 2024 for Agate totalling 30,000 feet. The active drill permit has been amended and sent to state and federal regulators with exploration planned to begin in spring upon approval of proposed permit amendments.

Terrence Osier, vice-president, exploration, of Strathmore, said: "During our phase 1 drill program in 2023, we successfully discovered uranium roll-front mineralization saturated with groundwater at shallow depths, from 80 to 150 feet deep, confirming the available historical data. The 2024 drill targets are planned this year to extend the discovered roll front into untested ground, in addition to other targets across the project. One of these targets lies a mile south of the area we drilled in 2023, including historic intercepts of four feet of 0.35 per cent eU3O8 [triuranium oxide] from 85 to 89 feet (hole KM-23-119) and seven feet of 0.062 per cent eU3O8 from 87 to 94 feet (hole KM-15-138). Strathmore intends to subcontract with the same drilling contractor and geophysical logger as was used in 2023 -- Single Water Services, Hawkins CBM Logging."

Strathmore is very encouraged by UR-Energy's announcement last month to begin construction of a satellite in-situ operation at its nearby Shirley basin project, located six miles from Agate. Strathmore looks forward to advancing its working agreement with UR-Energy which should result in shorter lead times and lower costs for developing and operating an in-situ operation at Agate. In addition to exploring Agate, it plans to drill this summer at its Beaver Rim project in the Gas Hills uranium district.

About the Agate property

The Agate property consists of 52 wholly owned lode mining claims covering 1,075 acres. The uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River formation, an arkosic-rich sandstone. Historically, 55 million pounds of uranium were mined in Shirley basin, including from open-pit, underground and the first successful in-situ recovery operation in the United States during the 1960s. At the property, the uranium mineralization is shallow, from 15 to approximately 150 feet deep, much of which is below the water table and likely amenable to in-situ recovery.

The project was previously explored by Kerr-McGee Corp. in the 1970s, which was the largest producer of uranium in the United States, including from its Shirley basin deposits. Other uranium companies in the basin include Cameco, enCore Energy, UR Energy and UEC, whose claims border the Agate property. Available Kerr-McGee historical drill results from the Wyoming Geological Survey include drill hole location maps and 330 geophysical logs which have been digitized and reinterpreted for entry into a modern, verifiable database. In 2023, Strathmore completed 100 drill holes on the project, confirming the historical drill results. The exploratory drilling targeted the Lower A sand of the Eocene Wind River formation, an arkosic-rich sandstone which is noted for its high porosity, permeability and groundwater transmissivity.

About Strathmore Plus Uranium Corp.

Strathmore has three permitted uranium projects in Wyoming, including Agate, Beaver Rim and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll-front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.

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