Kiplin Metals Looks to Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada
NEWS RELEASE
KIPLIN METALS LOOKS TO EXPAND URANIUM PROJECT PORTFOLIO
ATHABASCA, SASKATCHEWAN, CANADA
March 23rd, 2022 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) announces that its board
of directors has commenced a strategic review of several uranium projects near the Company’s CLR
Uranium Project with the plan to expand the Company’s portfolio. The Company has engaged Grander
Exploration to assist in the assessment and acquisition of prospective uranium projects.
Gil Schneid er, Chief Executive Officer of the Company commented; “based on the encouraging initial
results on the Company’s CLR Uranium Project, the Company is excited to assess other highly prospective
uranium projects in Athabasca, Saskatchewan, that the board feels would enhance the Company’s project
portfolio. The board of directors feels the timing is ideal for expansion as the price of uranium is rising
and projections are for significant growth in demand for the coming decade. It seems the world is waking
up to the idea that nuclear power is the best solution to meet the world’s clean energy needs.”
The Company will provide updates on the timing of its expansion plans as they become available.
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and
is responsible for, and has approved, the technical information contained in this release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying
and developing highly prospective mineral exploration opportunities. Our strategy is to advance our
projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals
to achieve exceptional shareholder value through the entire life-cycle of the mining process.
Cluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in
the Cluff Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531ha in the
southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the
Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5km east of the Cluff Lake Road
(Hwy 955), which leads to the historic Cluff Lake Mine, wh ich historically produced approximately
62,000,000lbs of yellowcake uranium.
Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps
in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the
Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the
Val d’Or.
For further information, contact the Company at [email protected], or visit the Company’s website
at www.kiplinmetals.com.
On behalf of the Board,
Kiplin Metals Inc.
For further information, contact the Company at 604-622-1199.
On behalf of the Board of Directors,
“Peter Born”
Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other
than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations
expressed in such forward -looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may di ffer materially from those in forward -looking statements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the
applicable laws.