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Baselode Appoints Kevin Canario to CFO

Management Changes

Baselode Appoints Kevin Canario to CFO

Toronto

,

Dec. 20, 2021

/CNW/ - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)

("

Baselode

" or the "

Company

") is pleased to announce that

Kevin Canario

has been appointed the

Company's Chief Financial Officer ("

CFO

"). Most recently, he was Corporate Controller of Battle

North Gold Corporation where he was instrumental in the eventual sale of the Bateman Gold project.

Prior to this, Mr. Canario was the CFO of INV Metals Inc. and worked at PricewaterhouseCoopers

LLP for 5 years within the mining assurance practice managing audits for a variety of publicly listed

clients ranging from small exploration to large multi-asset operations. Mr. Canario holds a CPA, CA

and Honours Bachelor of Commerce from

McMaster University

,

Canada

.

Baselode and the Ore Group would also like to announce the resignation of

Jeff Potwarka

, the

Company's outgoing CFO. The entire Ore Group team thanks Mr. Potwarka for his dedication and

many years of service to the team and Company's shareholders, and wishes him the best in his

future endeavours.

The Company also announces that in accordance with its stock option plan, it has granted a total of

1,925,000 incentive options to officers, directors and consultants of the Company, at an option price

of

$1.00

per share, exercisable for a period of five years from the date of issue.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 227,000 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.

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. 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. Baselode Energy 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 Baselode

Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's

filings with Canadian securities regulators, which filings are available under Baselode Energy Corp.

profile at

www.sedar.com

.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the

securities in

the United States

. The securities have not been and will not be registered under the

United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities

laws and may not be offered or sold within

the United States

or to, or for the account or benefit of,

U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws,

unless an exemption from such registration is available.

SOURCE

Baselode Energy Corp.

View original content:

http://www.newswire.ca/en/releases/archive/December2021/20/c4202.html

%SEDAR: 00044947E

For further information:

Baselode Energy Corp., FIND on the TSXV, James Sykes, President and

CEO, [email protected], 306-221-8717, www.baselode.com

CO: Baselode Energy Corp.

CNW 16:00e 20-DEC-21