Mr. Dev Randhawa reports

STRATHMORE TO BEGIN 2025 DRILLING PROGRAM ADVANCING NEW URANIUM MINERALIZATION AT AGATE

Strathmore Plus Uranium Corp.'s 2025 exploration plan for the Agate project is to begin in early August. The Agate property is in the Shirley Basin uranium district of central Wyoming and borders both Cameco and Uranium Energy Corp. projects and is in proximity to Ur-Energy's satellite in situ operation that is currently under construction.

In 2024, Strathmore discovered a new area of shallow mineralization, one mile south of the northern trend, in the middle sand unit, including holes AG-143-24 (14 feet of 0.046 per cent eU3O8 (equivalent triuranium octoxide) from 30.5 to 44.5 feet) and AG-147-24 (15.5 feet of 0.051 per cent eU3O8 from 29 to 44.5 feet). This new trend is open to the north and south, and this discovery will be further explored during the 2025 exploration season. Strathmore is actively advancing this dynamic and promising new area.

Currently, up to 150 drill sites are permitted, including five core holes to complement groundwater studies from closely located monitor wells previously installed in 2024. The continuing groundwater studies will help determine if the host sands are within confined aquifers, which would be ideal for future in situ recovery operations. The core will be used for chemical equilibrium and leach amenability studies by the company, and by the University of Wyoming to complement its continuing and expanding geophysical research at the project.

The goal of the exploration drilling is to expand the mineralization on the property, with the potential of discovering additional roll fronts, with plans designed to link together two discrete areas of mineralization encountered in the lower sand in 2023 to 2024 and expand upon that mineralized trend and the 2024 discovery of mineralization in the shallow middle sand. Collection of these data is necessary to complete a mineral resource estimate and technical report on the project during the winter of 2025/2026.

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 to 98.0 feet) and AG-16-23 (21.0 feet at 0.089 per cent eU3O8 from 79.0 to 100.0 feet). This northern trend is open to the southwest and northeast.

About the Agate property

The Agate property consists of 100 wholly owned lode mining claims covering 2,076 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 in the 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 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 of exploration, Strathmore Plus Uranium, a qualified person.

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