BEEP.V · 2025-06-25 12:00:00

: Aberdeen Project Drill Program to Start in July

Exploration Programs

Forum

Baselode

JUNE 25, 2025



With Forum

Baselode

Merger Now Announced, Drilling Starts Immediately



Camp mobilization underway on Aberdeen Project



Drilling to include 2 drills and approximately 7,000 m

Vancouver, British Columbia

(Newsﬁle Corp.

June 25, 2025)

Baselode

Energy Corp.

(TSXV: FIND)

(OTCQB: BSENF)

Baselode

") and Forum Energy Metals Corp.

(TSXV: FMC) (OTCQB: FDCFF) ("

Forum

" ,

together with

Baselode

, the "

Parties

") are pleased to announce that we are opening our exploration camp

on the Aberdeen Project in Nunavut and plan to initiate a 2

drill diamond drill program in July (Figure 1).

Key Highlights



Exploration Plan

: 18

25 drill holes planned and up to 7,000 m



Target Areas:

10 high

priority target areas, both with and without sandstone cover; ﬁrst targets

tested will be Loki and Bjorn

"We are excited to begin our upcoming drill program on the Aberdeen Project. Our focus this year is to

explore the wider project area by testing up to 10 high

priority target areas for additional uranium

mineralized zones. Our plan is to showcase the urani

um discovery potential of the project area by testing

numerous blue

sky targets. Our drill targeting will focus on strong gravity anomalies along prospective

fault trends both with and without sandstone cover, " stated Rebecca Hunter, President, CEO and Dir

ector

of Forum and upcoming Geiger Energy.

James Sykes, President and Chief Executive Oicer of

Baselode

, stated: "We're excited to be part of this

drill program on Aberdeen. Working together with Forum, we believe our combined eorts and ideas will

expedite a discovery on Aberdeen. We are encouraged with the technical details of the project as many

previou

s drill holes have highlighted robust hydrothermal ﬂuid alteration systems that are fertile with

uranium. The Loki and Bjorn areas that Forum have deﬁned are some of the ﬁrst areas that we de

emed to

be very prospective, too. "

Aberdeen Program Details

Up to 7,000 m in 18

25 drill holes is planned at Aberdeen (Figure 2), depending on results. Targets and

target criteria are as follows:

Sandstone

covered targets (i.e. traditional unconformity targets) such as Loki, Bjorn, Thor,

Squiggly River and Nymeria

Loki and Bjorn will be the ﬁrst 2 areas tested. Drilling in 2024 at Loki

contained uranium values 30x background and substantial clay

alteration in the sandstone

ii.

Basement

only targets including Lobster, Tarzan, Willow, Apollo and Starbuck; three historical drill

holes at Tarzan intersected signiﬁcant clay alteration and elevated boron

iii.

Drill targets are selected and prioritized based on the presence of gravity low anomalies in concert

with major ENE

and NE

trending faults, as well as any nearby drill or surface data that show

prospective fault structures, clay or geochemical signatures

The 2025 program is focused on ﬁnding additional high

grade discoveries to build scale and enhance the

discovery potential in the district. Ground magnetic surveys are planned on 6 to 10 of the target areas to

help reﬁne the main fault zones within the d

rill areas.

The exploration camp is currently being opened, and drilling is expected to be underway shortly after

camp is operable.

Figure 1: Project location map.

To view an enhanced version of this graphic, please visit:

https://images.newsﬁlecorp.com/ﬁles/6412/256741_c9528e194407e9df_001full.jpg

Figure 2: Project map with 2025 target areas overlying residual gravity image.

To view an enhanced version of this graphic, please visit:

https://images.newsﬁlecorp.com/ﬁles/6412/256741_c9528e194407e9df_002full.jpg

About

Baselode

controls 100% of approximately 231,378 hectares for exploration in the Athabasca Basin area

of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying

royalties.

Baselode

discovered the ACKIO near

surface, uranium prospect in September 2021. ACKIO measures

greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods,

with mineralization starting as shallow as 28 m and 32 m beneath

the surface in Pods 1 and 7,

respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization

occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode

's Athabasca 2.0 exploration thesis focuses on discovering near

surface,

basement

hosted,

high

grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further

complemented by

Baselode

's preferred use of innovative and well

understood geophysical methods to

map deep structural controls to identify shallow targets for diamond drilling.

About Forum

Forum Energy Metals is focused on the discovery of high

grade, unconformity

related uranium deposits

Canada's premier uranium jurisdictions: the Athabasca Basin in Saskatchewan and the Thelon Basin in

Nunavut. The Company holds a signiﬁcant land position with 153,838 hectares in Saskatchewan

primarily within the Athabasca Basin

and 95,519 hectares in

Nunavut's Thelon Basin.

Forum's ﬂagship asset is the Aberdeen Project in Nunavut, which hosts the high

grade Tatiggaq and

Qavvik uranium discoveries. Tatiggaq is a basement

hosted prospect deﬁned over a 300

metre strike

length, comprising multiple steeply dipping, ENE

trending

mineralized lenses located at depths between

80 and 180 metres. Notable intercepts include 2.25% U₃O₈ over 11.1 metres

, highlighting a high

grade

core within the system. To date, only 500 metres of a 1,500

metre

long anomaly has been drill tested.

Qavvik is a similarly styled, basement

hosted prospect characterized by steeply dipping, ENE

trending

mineralized lenses acros

s a 100 x 100 metre area, from surface down to 400 metres depth. Both zones

require further detailed drilling to determine the full extent of mineralization.

In addition to these discoveries, the Aberdeen Project hosts over 50 high

priority exploration targets,

many of which exhibit strong alteration and anomalous geochemistry from limited historical drilling

remain entirely untested.

Qualiﬁed Person Statement

For Forum Energy Metals Corp: The technical information contained in this news release has been

reviewed and approved by Rebecca Hunter, P .Geo, President & CEO of Forum Energy Metals Corp., a

Qualiﬁed

Person, as deﬁned in "National Instrument 43

101, Standards of Disclosure for Mineral

Projects. "

ON BEHALF OF THE BOARD OF DIRECTORS OF

BASELODE

ENERGY CORP .

"James Sykes"

James Sykes

CEO, President, & Director

Email:

[email protected]

Phone: 416

644

1567

ON BEHALF OF THE BOARD OF DIRECTORS OF

FORUM ENERGY METALS CORP .

"Rebecca Hunter"

Rebecca Hunter, PhD. P . Geo.

President & CEO

[email protected]

Phone: 604

630

1585

Cautionary Statement

Certain information in this news release is considered forward

looking within the meaning of certain

securities laws and is subject to important risks, uncertainties and assumptions. This forward

looking

information includes, among other things, informatio

n with respect to

Baselode

's and Forum's beliefs,

plans, expectations, anticipations, estimates and intentions. The words "may" , "could" , "should" , "would" ,

"suspect" , "outlook" , "believe" , "anticipate" , "estimate" , "expect" , "intend" , "plan" , "target" and

similar

words and expressions are used to identify forward

looking information. The forward

looking information

in this news release describes

Baselode

's and Forum's expectations as of the date of this news release.

Forward

looking statements in this news release include, but are not limited to statements with respect

to the anticipated timing for the meeting of Forum shareholders and closing of the Arra

ngement, the

anticipated consideration to be issued by

Baselode

and received by Forum shareholders, and

the

satisfaction of closing conditions including: (i) required Forum shareholder approval; (ii) necessary court

approval in connection with the Arrangement; (iii) certain termination rights available to the Parties under

the Agreement; (iv) obtaining the necessary approvals from the TSX

V; and (v) other closing conditions as

set forth in the Arrangement Agreement.

The results or events anticipated or predicted in such forward

looking information may dier materially

from actual results or events. Material factors which could cause actual results or events to dier

materially from such forward

looking information i

nclude, among others, risks arising from general

economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative

and regulatory developments; inability to access suicient capital from internal and external sou

rces,

and/or inability to access suicient capital on favourable terms; income tax and regulatory matters; the

ability of

Baselode

and Forum to implement their business strategies; competition; currency and interest

rate ﬂuctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.

Baselode

and Forum caution that the foregoing list of material factors is not exhaustive. When relying on

forward

looking information to make decisions, investors and others should carefully consider the

foregoing factors and other uncertainties and potential even

ts.

Baselode

and Forum have assumed a

certain progression, which may not be realized. It has also assumed that the material factors referred to

in the previous paragraph will not cause such forward

looking information to dier materially from actu

results or events. However, the list of these factors is not exhaustive and is subject to change and there

can be no assurance that such assumptions will reﬂect the actual outcome of such items or factors.

THE FORWARD

LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE

EXPECTATIONS OF

BASELODE

AND FORUM AS OF THE DATE OF THIS NEWS RELEASE AND,

ACCORDINGLY , IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE

IMPORTANCE ON FORWARD

LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS

INFORMATION AS OF ANY OTHER DATE. WHILE

BASELODE

AND FORUM MAY ELECT TO, IT DOES NOT

UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

Neither the TSXV nor its Regulation Services Provider (as that term is deﬁned in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

________________________

Refer to Forum News Release dated

September 12, 2023

, titled "Forum intersects 2.25% over 11.1

metres on the Thelon Basin Uranium Project"

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