AERO Energy and Fortune BAY Announce Commencement of Drilling at the Murmac Uranium Project
AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT
THE MURMAC URANIUM PROJECT
VANCOUVER, BC, September 26, 2025 – Aero Energy Ltd (TSXV: AERO) (OTC Pink: AAUGF) (FSE:
UU3) (“Aero” or the “Company”) is pleased to announce that summer drilling has commenced at its Murmac
Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan near Uranium City. A limited
suite of high priority targets has been selected for testing.
Exploration work at Murmac is being funded by Aero and is being operated by Fortune Bay Corp (TSXV:
FOR) (FWB: 5QN) (OTCQB: FTBYF ), under an Option Agreement that was executed on December 15,
2023.
Galen McNamara, interim CEO of Aero, commented, “This drilling program at Murmac targets high-potential
uranium prospects in a proven uranium district. The selected targets are underpinned by robust geophysical
anomalies that suggest significant potential for basement -hosted uranium mineralization. This approach
allows us to test key targets along the Armbruster Conductor, positioning Aero for significant ups ide from
potential uranium discoveries.”
Drill Targets
Target selection has been based on airborne electromagnetic and ground gravity survey results, targeting
features along buried basement-hosted conductive graphitic units at their intersection with known
mineralized cross faults identified during historical and current prospecting activities, including spectrometer
surveying and geochemical sampling. Drilling will focus on the northern end of the Armbruster Conductor,
which the Company has not yet drill tested. This program has been planned at short notice to benefit from
significant cost savings related to the presence of another exploration group in Uranium City carrying out a
separate drill program using the same drill contractor. Shared mobilization and operational costs are
allowing the Company to cost effectively test three selected high priority targets (Figure 1) in the summer
window.
• A19: Low amplitude EM high target on a conductor inflection, with an associated diffuse gravity low
anomaly. The targeted graphitic horizon underlies a small lake, at the location of an intersection of the
Armbruster Conductor with a major conductor-parallel fault.
• A18: Low amplitude EM high feature coincident with a high priority gravity low target at a location
where the Armbruster Conductor is apparently terminated by a cross-cutting mineralized fault.
• A9: A broad EM high anomaly on the edge of a conductor termination, with a small down-dip gravity
low. This target is aimed a structural confluence of several known mineralized cross -faults with the
Armbruster Conductor.
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Figure 1 – Summer 2025 Drill Target Locations in relation to previous drilling results.
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Technical Disclosure
Further details regarding the historical exploration/drilling and exploration results noted in this news release
can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan
Mineral Deposit Index (SMDI). Aero has verified several of these occurrences through field prospecting and
sampling, however there is a risk that any future confirmation work and exploration may produce results
that substantially differ from the unverified historical results. Historical drill hole locations, captured from
georeferenced assessment report maps, are subject to uncertainty (considered accurate to +/ -50 meters.
The Company considers these unverified historical results relevant to assess the mineralization and
economic potential of the property. The historical information referenced derives from SMAD references
74N07-0011, 74N07-0173 and 74N07-0277.
Qualified Person
The scientific and technical information contained in this news release has been reviewed, verified, and
approved by Galen McNamara, P.Geo., CEO of the Company and a “qualified person” as defined in NI 43-
101.
About Aero Energy
Aero Energy Ltd, following its successful merger with Kraken Energy Corp, has established a robust
portfolio of uranium assets in North America. The company controls a district -scale 250,000 -acre land
package in Saskatchewan’s Athabasca Basin, including it s Sun Dog, Strike, and Murmac projects, which
collectively host over 50 shallow drill -ready targets across 125 km of target horizon in the emerging
Athabasca Basin. These projects are guided by an award -winning technical team with a proven track
record, responsible for major discoveries such as Gryphon, Arrow, and Triple-R. Additionally, Aero Energy’s
portfolio includes Kraken’s 100%-owned Apex Uranium Property, Nevada’s largest past-producing uranium
mine, and the Huber Hills property, spanning 1,044 ha in Nevada and encompassing the historic Race
Track open pit mine. This strategic merger combines Aero’s extensive Canadian exploration assets with
Kraken’s high -grade U.S. properties, positioning Aero Energy to unlock significant high -grade,
unconformity-style uranium mineralization and capitalize on the growing global demand for uranium. For
more information about Aero, please visit aeroenergy.ca.
On behalf of Aero Energy Ltd
”Galen McNamara”
Interim Chief Executive Officer
604-288-8046
Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this
news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not
guarantees of future performance. Words such as “expects”, “aims”, “anticipates”, “targets”, “goals”, “projects”, “intends”, “plans”,
“believes”, “seeks”, “estimates”, “continues”, “may”, variations of such words, and similar expressions and references to future
periods, are intended to identify such forward-looking statements.
Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company,
the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking information. Forward looking information in this news release
includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential
mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or
mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political
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risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements
with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of
financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the
other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents
filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law. For more information on Aero Energy, readers should refer to
Aero Energy’s website at www.aeroenergy.ca.
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accepts responsibility for the adequacy or accuracy of this release.