BEEP.V · 2022-01-06 12:00:00

Baselode Reports Additional High-Grade Uranium Intersections from ACKIO Discovery

Drill Results

Baselode Reports Additional High-Grade

Uranium Intersections from ACKIO Discovery

TORONTO

Jan. 6, 2022

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

Baselode

" or the "

Company

") is pleased to report the final Uranium assay results from the

recently completed diamond drill program on the ACKIO Uranium discovery ("

ACKIO

"), Hook project

Hook

"),

Athabasca

Basin area, northern

Saskatchewan

Highlights include:

A second drill hole confirms high-grade* Uranium at ACKIO; 0.67 wt% U

over

0.5 m

131.6 m

in AK21-03

Elevated uranium concentrations of 0.24 wt% U

over

5.5 m

128.6 m

in AK21-03 and

0.24 wt% U

over

2.0 m

99.0 m

in AK21-04

Multiple Uranium intersections occurring within

200 m

of the surface

"We are very encouraged by intersecting near-surface, high-grade Uranium mineralization in two drill

holes from our first drill program at the ACKIO discovery. The Uranium results from drill holes

AK21-01, AK21-03 and AK21-04 demonstrate that ACKIO is part of a robust and fertile Uranium

system, with multiple Uranium occurrences intersected throughout the drill hole lengths. Our main

Uranium intersections from drill holes AK21-01 through AK21-04 occur between 90 and

125 m

below

surface and cover a lateral distance measuring approximately

45 m

. Our follow-up drill program is

only weeks away and we're excited to see what we'll be able to uncover," said

James Sykes

, CEO,

President and Director of Baselode.

The Company has prepared a quick video presentation for shareholders and the public to learn more

about these Uranium results (see link below). Additional video presentations will be released in the

coming days and weeks to provide details regarding the interpretation of massive alteration halo, the

structures observed at ACKIO, and other topics of interest relating to ACKIO and Hook. Complete

Ackio drill results are published in Table 1, along with a cross-section in

Figure 1

below.

VIEW BASELODE'S WEBINAR: More Uranium Mineralization from Ackio

NOTES:

* Baselode considers "high-grade" to be uranium mineralization with a concentration greater than 0.5 wt% U

1. All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined.

TABLE 1:

ACKIO TARGET, HOOK PROJECT - SUMMER 2021 DRILL HOLE U

ASSAY RESULTS

DDH

Target

Area

Az*

Dip

EOH* (m)

Easting

Northing

Elevation

AK21-02

ACKIO

270

-85

42.0

526,245

6,372,955

468

Drill hole abandoned - No significant results

AK21-02A

ACKIO

270

-85

357.0

526,245

6,372,955

468

No significant results

AK21-03

ACKIO

270

-48

360.0

526,245

6,372,955

468

From (m)

To (m)

Interval

(m)

**Vertical

Depth (m)

(wt%)

128.60

134.10

5.50

90.00

0.24

includes

131.60

132.10

0.50

95.00

0.67

142.60

143.60

1.00

115.00

0.06

248.10

250.10

2.00

175.00

0.11

267.40

267.90

0.50

185.00

0.06

273.40

273.90

0.50

190.00

0.05

277.40

278.40

1.00

200.00

0.06

0.05 wt% U

Composite Total

10.50

0.16

AK21-04

ACKIO

270

-90

381.0

526,139

6,372,955

467

From (m)

To (m)

Interval

(m)

**Vertical

Depth (m)

(wt%)

95.50

96.50

1.00

95.00

0.17

99.00

101.00

2.00

100.00

0.24

103.50

104.00

0.50

105.00

0.05

105.50

106.00

0.50

105.00

0.07

168.00

169.00

1.00

170.00

0.08

253.80

254.30

0.50

255.00

0.07

0.05 wt% U

Composite Total

5.50

0.15

Results for AK21-01 were reported December 3, 2021. They are provided below for context

DDH

Target

Area

Az*

Dip

EOH*

(m)

Easting

Northing

Elevation

AK21-01

ACKIO

270

-60

471.0

526,245

6,372,955

467

From (m)

To (m)

Interval

(m)

**Vertical

Depth (m)

(wt%)

126.80

128.80

2.00

110.00

0.05

130.30

130.80

0.50

110.00

0.06

134.30

149.80

15.50

115.00

0.13

includes

138.80

139.30

0.50

120.00

1.29

and

142.30

142.80

0.50

120.00

0.66

284.60

285.80

1.20

245.00

0.06

366.70

367.70

1.00

315.00

0.05

368.80

369.20

0.40

315.00

0.06

Cut-off grade = 0.05 wt% U

, cut-off grade for AK21-01 = 0.045 wt% U

Maximum consecutive internal dilution = 2.0 m down hole

True widths have yet to be determined

*"DDH" refers to "diamond drill hole", "Az" refers to "drill hole azimuth" and "EOH" refers to "End of Hole"

"Easting", "Northing" are both measured in metres, NAD83 Datum, UTM Zone 13N

"Elevation" is presented as "metres above sea level"

**"Vertical Depth" is presented as "metres below surface", the value is rounded to the nearest 5.0 m

CLICK HERE FOR FIGURE 1: Cross-section schematic for drill holes AK21-01 to AK21-04

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.

QP Statement

The technical information contained in this news release has been reviewed and approved by

Cameron MacKay

, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp.,

who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of

Disclosure for Mineral Projects."

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/January2022/06/c0239.html

%SEDAR: 00044947E

For further information:

Baselode Energy Corp., FIND on the TSXV, James Sykes, CEO,

President and Director, [email protected], 306-221-8717, www.baselode.com

CO: Baselode Energy Corp.

CNW 06:00e 06-JAN-22

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