Mr. Casey Forward reports

BLAST RESOURCES ANNOUNCES EXPLORATION RESULTS AT ITS FLAGSHIP WALES LAKE PROJECT IN THE ATHABASCA BASIN REGION, SASKATCHEWAN

Blast Resources Inc. has summarized results of exploration programs completed on three groups of claims in the southwestern Athabasca basin region, Northern Saskatchewan.

Casey Forward, chief executive officer and director of the company, commented: "We are very excited to announce the results of our exploration program at the Wales Lake uranium project. Having identified five targets for further exploration through a high-resolution airborne magnetic survey, we have clear direction on which areas of the project we should evaluate next. Looking ahead, we're eager to further value for our shareholders as we continue to drive exploration advancement at the project."

In December, 2024, a high-resolution airborne magnetic survey was flown over the Britt Lake, the Brazier South and North Agar claims collectively referred to as the Wales Lake project. Five targets are selected for further investigation, based on magnetic lineaments and regional uranium/thorium anomalies.

There are two structural trends, oriented north-northwest/south-southeast and northwest-southeast identified in the project area, likely representing the main tectonic fabric of the Taltson domain locally. On a regional scale, folding in the Taltson is along a northeast-southwest axis, identified by magnetic stratigraphic markers. The Wales Lake project is apparently at the closure of a regional fold axis which trends northeast-southwest.

The two major structural elements are noteworthy: a structural corridor, oriented north-northwest/south-southeast, which disrupts the magnetic stratigraphy and is magnetite-destructive, possibly indicative of alteration; and a tectonic break, oriented northwest-southeast, which appears to be a boundary between basement lithologies.

The geological exploration model is designed to test conductors and primarily fault-controlled basement-hosted mineralization such as Rabbit Lake (Eldorado) and Arrow (NexGen Energy) and Triple R (Paladin) occurrences that are hosted in the Taltson domain.

Qualified person statement

The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, MSc, PEng, PGeo, who is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Blast Resources Inc.

Blast Resources is a mineral exploration company trading on the Canadian Securities Exchange. The company is currently focused on exploration at its flagship Wales Lake uranium project.

Situated south of Wales Lake and positioned just outside of the southwestern margin of the Athabasca basin, the project is strategically located within the Patterson Lake corridor, which hosts two significant uranium deposits (Triple R deposit, 2.2 million tonnes at 1.58 triuranium octoxide and 0.51 gram per tonne gold; and the Arrow deposit, which is the largest source of low-cost uranium globally, potentially delivering up to 30 million pounds of high-grade uranium per year). The deposits represent the largest high-grade uranium systems globally, comparable with world-class deposits such as McArthur River, Cigar Lake and Key Lake.

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