Mr. Allan Bezanson reports

GOLD DIGGER RESOURCES INC. ANNOUNCES UPDATE REGARDING AGREEMENT TO ACQUIRE PREMIUM URANIUM CORPORATION

Further to the news releases dated March 6, 2024, June 13, 2024, and July 24, 2024, Gold Digger Resources Inc. has entered into a third amending agreement to the share purchase agreement dated March 6, 2024, with Premium Uranium Corp., each of the shareholders of PURC and UA92 Pty. Ltd., a wholly owned subsidiary of PURC. The amending agreement extends the deadline by which the parties to the SPA must close the acquisition (as defined below) to Oct. 31, 2024.

Pursuant to the SPA, the company will acquire all of the issued and outstanding shares of PURC, and upon completion, PURC and UA92 will become wholly owned subsidiaries of the company. UA92 is the holder of a mineral property composed of several prospecting licences in the Republic of Botswana. Assuming completion of the acquisition, the company intends to explore the UA92 project for both surface and In situ recovery potential.

About the UA92 project

The UA92 project is a uranium project consisting of several prospecting licences covering thousands of square kilometres in central Botswana. The UA92 project is accessible through the towns of Orapa and Francistown, and can be operated year-round without seasonal influence.

Geologically, the targeted uranium mineralization at the UA92 project is hosted within shallow, flat to shallow-dipping sedimentary rocks of the Karoo supergroup. These Permian to Jurassic aged sediments were deposited in a shallow, broad, westerly dipping basin, generated during rifting of the African continent.

Mineralization typically occurs as stratabound and disseminated pitchblende and coffinite in permeable sandstone as a result of oxidized fluids intersecting reduced basin lithologies. Deposit styles can be subdivided into roll front, tabular, basal channel and tectonic-lithological type. Uranium can be recovered using conventional hydrometallurgical techniques through either acid or alkaline leaching.

Officers and directors

Upon completion of the acquisition, it is anticipated that the board of directors of the company will consist of the existing directors of the company and one nominee of PURC, who will initially be Arnold Brand. Mr. Brand is committed to closing the acquisition and looks forward to assuming the role of director and chief operating officer responsible for all operations in Botswana.

Mr. Brand commented, "I expect the uranium market to continue to strengthen this fall and that the combined entity will become a formidable player in the uranium industry over the next several years."

Mr. Brand is a Namibian entrepreneur with 14 years of experience working on major construction and mining projects throughout Africa. Mr. Brand is an experienced commodity trader/broker with over $1-billion in trades. Mr. Brand has been involved in numerous public transactions and company financings worth more than $200-million. He has negotiated uranium offtake agreements on behalf of Soupamine with utilities providers around the world. Mr. Brand has generated over $500-million for shareholders in taking private companies public, and has held various important roles in several companies over his career, including chief executive officer, chief operating officer, director and project manager.

For further information about the acquisition and the UA92 project, please refer to the company's news release dated June 13, 2024.

Warrant exercises

The company also announces that in August and September, 2024, an aggregate of 4,878,850 common shares of the company were issued upon exercise of outstanding share purchase warrants of the company. The company received gross proceeds of $243,942.50 in connection with the exercises.

Qualified person

Lorne Warner, PGeo, and a director of the company, is a qualified person as defined by National Instrument 43-101. Mr. Warner has reviewed and approved the technical information disclosed in this news release.

About Gold Digger Resources Inc.

Gold Digger is an early-stage mineral resource exploration company. The company's material property is currently the Regnault project, consisting of 71 contiguous mineral claims covering an area of approximately 3,678 hectares, located north/northeast of Chibougamau in the province of Quebec.

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