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Baselode Announces Scholarship for Indigenous Students in Partnership with YMP Scholarship Fund

Partnerships & JV

Baselode Announces Scholarship for

Indigenous Students in Partnership with YMP

Scholarship Fund

TORONTO

,

May 25, 2022

/CNW/ - Baselode Energy Corp. ("

Baselode

" or the "

Company

") (TSXV:

FIND) (OTCQB: BSENF) is pleased to announce that in partnership with the

YMP Scholarship Fund

it has renewed its Indigenous Mining Scholarship for 2022. Baselode will be awarding a

$2,000

scholarship to an Indigenous student leader enrolled in a Canadian post-secondary institution looking

to pursue a career in the mining industry who has demonstrated academic success and a

commitment to preserving Indigenous languages and culture.

"Baselode is very proud to support

Canada's

Indigenous youth pursuing academic studies in the

mining and exploration sector with our scholarship contribution. This scholarship presents an

opportunity for an individual to benefit directly from

Canada's

mining sector, which has a history of

supporting Indigenous communities and partnering together for mutual benefits. We are pleased to

know that this scholarship will benefit the recipient's educational growth and development," said

James Sykes

, CEO and President of Baselode Energy Corp.

Apply Here:

Click

here

to find the YMP Scholarship applications. The application deadline is

August

31, 2022

.

Baselode, along with other Ore Group Companies, American Eagle Gold (TSXV: AE), Orefinders

Resources (TSXV: ORX), Mistango River Resources (CSE: MIS), Metal Energy (TSXV: MERG),

and QC Copper and Gold (TSXV: QCCU), are proud to be donating a total of

$20,000

to students

from the Indigenous Community in

Canada

in partnership with the Young Mining Professionals

Scholarship Fund.

About YMP Scholarship Fund

Young Mining Professionals Scholarship Fund ("YMPSF") is pleased to announce the continuation of

its scholarship program in 2022, with

$200,000

in scholarships to be given directly to students

studying earth sciences in

Canada

. YMPSF is a volunteer-based organization with 100% of its

donations from partners awarded directly to the student scholarship recipients. YMPSF's mandate is

to attract young people to Canada's exploration and mining industry by supporting their academic

studies in earth sciences.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 207,000 hectares for exploration in the

Athabasca

Basin area, northern

Saskatchewan, Canada

. The land package is free of any option

agreements or underlying royalties.

Baselode's

Athabasca

2.0 exploration thesis is focused on discovering near-surface, basement-

hosted, high-grade uranium orebodies outside of the

Athabasca

Basin. The exploration thesis is

further complemented by the Company's preferred use of innovative and well-understood

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

For information and updates on Baselode please visit:

www.baselode.com

And please follow us on Twitter

@BaselodeE

And please follow us on LinkedIn

@BaselodeEnergyCorp

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. Forward-looking

statements in this press release include, but are not limited to, statements regarding whether the

TSX Venture Exchange will approve the Assignment Agreement, and whether the Company's

exploration efforts on the Property produce the results that are anticipated by management. This

information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any

forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the

forward-looking statements, or to update the reasons why actual results could differ from those

reflected in the forward looking-statements unless and until required by securities laws applicable to

American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in

filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available

under American Eagle Gold Corp. profile at

www.sedar.com

.

SOURCE

Baselode Energy Corp.

View original content:

http://www.newswire.ca/en/releases/archive/May2022/25/c5710.html

%SEDAR: 00044947E

For further information:

James Sykes, Chief Executive Officer, Phone: 306.221.8717, Email:

[email protected]

CO: Baselode Energy Corp.

CNW 06:00e 25-MAY-22