File: Attachment SUU NR July 12 2024 - Convertible Note v2.pdf

Suite 750 1620 Dickson Ave. Kelowna, BC V1Y 9Y2

info@strathmoreplus.com www.strathmoreplus.com

TSX SYMBOL : SUU.V OTC SYMBOL : SUUFF

Strathmore Announces Convertible Loan Reinvestment

July 12, 2024 Kelowna, B.C. Strathmore Plus Uranium Corporation ("Strathmore" or "the Company" announces its intention to complete a convertible loan financing (the "Financing") of up to CDN$250,000, to be subscribed to by existing shareholder and management of the Company. The financing facilitates the reinvestment of an existing convertible note under new terms, allowing the corporation to save funds in its treasury.

The financing will consist of an unsecured convertible promissory note (the "Note") having a term of 12 months from the closing date and bearing interest at the rate of 9% per annum. During the first year, interest will accrue and be payable 12 months from the date of closing. No principal payments will be required until maturity. The principal amount of the Note will be convertible at the election of the noteholder into units at $0.30 consisting of one common share and one common share purchase warrant at any time up to the maturity date. Each warrant will have a term of two years from the date of issuance of the note and entitle the holder to purchase one common share. The warrants are exercisable for an additional share in the Company at the price of $0.33. As provided in Policy 5.2 of the TSX Venture Exchange Corporate Finance Policy Manual, interest will be convertible at the election of the noteholder into Common Shares of the Company at the Market Price as at the time of conversion of the interest.

The Financing is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. All securities issued pursuant to the above will be subject to a hold period of four months plus one day following the closing.

The subscription of the Note is to an insider and is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a)

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. and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the financing by the insider will not exceed 25% of the fair market value of the Company's market capitalization.

Strathmore Plus Uranium Corp. Strathmore has three uranium projects with approved exploration plans 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 and recent drill data. The Night Owl property is a former surface mine that was in production in the early 1960s.

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

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Strathmore Plus Uranium Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Strathmore Plus Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Strathmore Plus Uranium Corp. Contact Information: Investor Relations

Telephone: 1 888 882 8177

Email: info@strathmoreplus.com

ON BEHALF OF THE BOARD "Dev Randhawa" Dev Randhawa, CEO

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.