Mr. Jon Bey reports

STANDARD URANIUM ANNOUNCES LIFE OFFERING

Standard Uranium Ltd. will offer up to 12.5 million flow-through units to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions. The FT units will be offered at a price of eight cents for gross proceeds of up to $1-million.

Each FT unit consists of one common share of the company, issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at a price of 12 cents for a period of 24 months.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision. The company will pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering. The securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws.

The offering is completed in addition to the continuing strategic investment in the company by a leading conglomerate from a Southeast Asian nation. The company anticipates the net proceeds raised from the offering will be used for the exploration of the company's Saskatchewan uranium projects. Completion of the offering remains subject to the approval of the TSX Venture Exchange.

About Standard Uranium Ltd.

We find the fuel to power a clean energy future.

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River project, in the southwest part of the Athabasca basin, Saskatchewan, comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly undertested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective landholdings. The eastern basin projects are highly prospective for unconformity-related and/or basement-hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwest part of the Athabasca basin, Saskatchewan, comprised nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement- and unconformity-hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

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