Mr. Dev Randhawa reports

STRATHMORE EXPANDS AGATE PROJECT - BOOSTING RESOURCE PROSPECTS

Strathmore Plus Uranium Corp. has expanded the Agate project by staking an additional 15 lode mining claims, increasing the project to 100 claims for approximately 2,067 acres. The newly claimed area has noted historical drilling completed by Kerr McGee in the 1970s that encountered shallow uranium mineralization at less than 200 feet deep. Strathmore will continue to expand the area of mineralization after last year's successful drilling program. Agate is in the Shirley Basin uranium district, one of the most prolific uranium districts in the United States, where 53 million pounds of uranium have been mined by open pit, underground and in situ recovery. Ur-Energy's Shirley Basin project is located six miles to the northeast of Agate, where it is actively building an in situ operation as a satellite to its Lost Creek mine 100 miles west in central Wyoming.

In 2024, Strathmore identified a new zone of shallow mineralization located one mile south of the northern trend, within the overlying middle sand unit. Notable drill results include hole AG-143-24, which intersected 14 feet of 0.046 per cent eU3O8 (equivalent triuranium octoxide) (from 30.5 feet to 44.5 feet), and hole AG-147-24, with 15.5 feet of 0.051 per cent eU3O8 (from 29 feet to 44.5 feet). This newly discovered trend remains open to both the north and south and is scheduled for further exploration in the 2025 season and is expected to significantly expand the resource.

Strathmore has completed 200 exploration holes (including five monitor wells) on the Agate project, with over 90 per cent of the holes hitting mineralization. The 2023/2024 exploration defined approximately 3,700 feet of a mineralized trend in the lower sand unit, with notable intercepts in two holes, AG-10-23 (16.0 feet at 0.081 per cent eU3O8 from 82.0 feet to 98.0 feet) and AG-16-23 (21.0 feet at 0.089 per cent eU3O8 from 79.0 feet to 100.0 feet). This northern trend is open to the west and east, where further exploration in 2025 intends to expand into these untested areas.

Strathmore director John DeJoia commented: "I have personally mined and been responsible for mining approximately 20 million pounds of uranium in Shirley Basin (now Ur-Energy's property). I mined by open-pit, underground methods and the first commercial ISR operation in the U.S. With nine out of every 10 exploration drill holes we completed intercepting mineralization at Agate, I have re-evaluated my conventional thinking regarding economics. Conventional wisdom has always professed that grade is king; however, the uranium mineralization at Agate is thick and therefore yields substantial grade-thickness (GT) products, and it is at a shallow depth of a little over a hundred feet. Grade is important but the economics at Agate are outstanding. I'm excited to be starting our 2025 drilling program and continuing to grow this project for a future ISR mine."

2025 exploration plan

Strathmore is pleased to announce the 2025 exploration plan for the Agate project to expand the area of mineralization after last year's very successful drilling program. Currently, up to 100 drill sites are permitted, with the intent to explore with two drill programs. This summer, five core holes are planned to complement groundwater studies from closely located monitor wells previously installed in 2024. The core will be used for chemical equilibrium studies by the company and the University of Wyoming for its continuing geophysical research at the project. Planned exploration drilling intends to link together discrete deposits encountered in the lower sand in 2023/2024 and expand upon the 2024 discovery of mineralization in the shallow middle sand. The intent of the exploration is to expand the mineralization on the property into a multizone deposit, with the potential of stacked roll fronts, and to gather the necessary information to complete a mineral resource estimate and technical report on the project during the winter of 2025.

University of Wyoming research project

Strathmore is also pleased to report on the University of Wyoming's continuing geophysical study at the Agate project. The research by Dr. Bradley Carr, director of the University of Wyoming's near-surface geophysical centre, consists of ground and borehole geophysics applied across the project to detect and image a uranium roll front and possibly monitor the movement of the roll front's position during future in situ mining development. In this research, the borehole and surface geophysical methods utilized include seismic reflection, seismic refraction, direct current resistivity, induced polarization, electromagnetics, self-potential and nuclear magnetic resonance.

Strathmore looks forward to working with Dr. Carr to provide potential targets for the 2025 exploration season, including the new one-mile stepout discovery, based on the University of Wyoming's current geophysical studies and those completed in 2023/2024. In early 2023, Dr. Carr received a grant from the University of Wyoming's School of Energy Resources for $200,000 (U.S.) to complete the research. Recently, Dr. Carr was awarded additional financing for $120,000 (U.S.), which in part will be used to advance the geophysical research at Agate and for a study of deeper uranium mineralization at the company's Beaver Rim project during the summer of 2025. Lastly, Strathmore has donated $20,000 (U.S.) to the University of Wyoming to help finalize the purchase of XRF (X-ray fluorescence) analysis capabilities on core samples for the Department of Geology and Geophysics' GeoTek analysis equipment.

About the Agate property

The Agate property consists of 85 wholly owned lode mining claims covering 1,756 acres. Uranium mineralization on the project is contained in classic Wyoming-type roll fronts within the Eocene Wind River formation, an arkosic-rich sandstone. Historically, 53 million pounds of uranium were mined at Shirley Basin, including from open pit, underground and the first commercial in situ recovery operation in the United States during the 1960s. At the property, the uranium mineralization is shallow, from 20 feet to approximately 150 feet deep, much of which appears below the water table and likely amenable to in situ recovery. Kerr McGee Corp., the largest U.S. uranium mining company at the time, drilled at least 650 holes across the project area in the 1970s, delineating several targets of potential mineralization. In 2023 and 2024, the company completed 200 exploration holes on the project, discovering several areas of potential mineralization.

About Strathmore Plus Uranium Corp.

Strathmore is focused on discovering uranium deposits in Wyoming and has three permitted uranium projects, 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.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Terrence Osier, PGeo, vice-president, exploration, of Strathmore Plus Uranium, a qualified person.

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