AERO ENERGY AND STANDARD URANIUM REPORT NEW GRAVITY SURVEY TARGETS AND ASSAY RESULTS, SUN DOG PROJECT, NORTHWEST ATHABASCA BASIN Additional Targets Emerging in Underexplored Rocks
AERO ENERGY AND STANDARD URANIUM REPORT NEW GRAVITY SURVEY
TARGETS AND ASSAY RESULTS, SUN DOG PROJECT, NORTHWEST
ATHABASCA BASIN
Additional Targets Emerging in Underexplored Rocks
Vancouver, B.C. - May 7, 2025 — Aero Energy Limited (“Aero” or the “Company”) (TSXV:
AERO, OTC Pink: AAUGF, FSE: UU3) is pleased to announce the completion of an extensive
high-resolution ground gravity survey across three target areas on the Sun Dog Project (“Sun
Dog”, or the “Project”), northern Saskatchewan. Integration and analysis of geophysical data sets
has generated several new priority drill targets across the Wishbone, McNie, and Armbruster South
target areas. Additionally, analytical results from the 2024 drill program - designed to test the
newly identified Wishbone target area - have returned anomalous uranium from all eight drill
holes.
The Project is currently under a three-year earn-in option agreement (the “Option”) with Standard
Uranium Ltd. (“Standard”) (TSX-V: STND) that was executed on October 20, 2023. The 2024
drill program was funded by Aero and operated by Standard. Sun Dog covers an area of 48,443
acres (19,604 ha) across nine mineral claims and is located 15 km Southeast of Uranium City on
the northern margin of the Athabasca Basin. It hosts the historical Gunnar Uranium Mine,
discovered in 1952, which doubled Canada’s uranium production and became the largest uranium
producer globally in 1956. The Gunnar Mine produced appro ximately 18M lbs of U3O8 between
1953 and 19811,2.
Highlights:
• Extensive Ground Gravity Survey : Ground gravity survey s have been completed over
the Armbruster South, Wishbone, and McNie target areas (Figure 2). These surveys have
further refine d high-priority drill targets through the identification of potential
hydrothermal alteration zones related to electromagnetic (“EM”) conductors.
• New Drill Targets: Third-party processing of the Sun Dog gravity data via Convolutions
Geoscience has delineated density-low bullseyes and zones of high contrast gravity
fluctuations. The confluence of these anomalies with crosscutting faults, EM conductors,
surficial uranium showings , and lakebed geochemical anomalies, has generated multiple
new prospective target zones and subsequent drill targets.
• Uranium Mineralization Confirmed: Analytical results from the summer 2024 drill
program confirmed uranium mineralization in all eight holes within the Wishbone target
area. Highly anomalous basement-hosted uranium was intersected in drill hole SD-24-018,
coinciding with prospective structure and alteration. Structurally-hosted dravitic clay,
associated with uranium mineralization, has been confirmed in SD-24-019.
- 2 -
• Verified Targets: The 2024 drill program results confirm a favorable geological
environment for fluid movement and uranium deposition on the Project. Stacked graphitic
structural zones associated with uranium mineralization and prospective hydrothermal
alteration were intersected in the Wishbone target area.
• Next Steps: Following the review of drilling and new gravity data sets, a second drilling
phase is being planned to follow-up along strike of mineralized drill holes and continue
testing of priority regional drill targets across the Project.
Figure 1. Overview of the Sun Dog Project highlighting drill target areas, high-grade* uranium
occurrences, and EM-conductors.
2025 Ground Gravity Survey
MWH Geo-Surveys (Canada) Ltd. completed high-resolution ground gravity surveys along known
conductive exploration trends across the Wishbone, McNie, and Armbruster South target areas
- 3 -
(Figure 2). These surveys have identified numerous density-low bullseye anomalies representing
potential zones of hydrothermal alteration or structural disruption which are commonly associated
with uranium mineralization events.
Convolutions Geoscience completed detailed density inversions, providing additional vectoring
layers for future drill programs. Value -added products include density inversions, modeling
interpretation, and expert recommendations. As a result of this analysis, m ultiple new drill target
zones have been identified along these trends , outlined via the confluence of density-low
anomalies, historical surface mineralization, lakebed geochemical anomalies, EM conductors, and
crosscutting fault zones.
- 4 -
Figure 2. 2025 ground gravity survey areas covering the Armbruster South, Wishbone, and
McNie EM conductor trends. Density-low anomalies representing potential alteration zones are
highlighted by cool colours on the inverted gravity grids.
2024 Drill Program Analytical Highlights
Eight diamond drill holes comprising 1,593 metres were completed within the Wishbone target
area. Analytical data confirmed the intersection of anomalous uranium within the basement rock
in all eight holes drilled during the summer drill program (Table 1) as well as structurally-hosted
dravitic clays. Key uranium pathfinder elements and hydrothermal alteration commonly associated
with uranium-bearing mineralized systems were intersected in the previously undrilled Wishbone
target area, as well as a significant graphitic fault system at depth.
The 2024 drill program was designed to follow up on recent prospecting and mapping completed
on the Project that outlined key geological/structural settings and multiple outcrops of favourable
uranium host-rocks, in add ition to testing strong conductive signatures delineated by the 2024
airborne VTEM Plus survey. Summer drilling was focused in the Wishbone target area , defined
by a strong, 5-kilometre conductor trend hosting zones of uranium-bearing graphitic metapelite
and cross-cutting faults.
Table 1. Sun Dog 2024 drill hole uranium assay summary
DDH From
(m) To (m) Widt
h (m) Lithology Uranium
(partial, ppm) U3O8 (wt%)
SD-24-014 199.5 200.0 0.5 Basement 14.8 0.002
SD-24-015
60.5 61.0 0.5
Basement
17.6 0.002
73.5 74.0 0.5 34.8 -
90.4 90.5 0.1 13.5 -
169.0 169.1 0.1 13.4 -
SD-24-016
57.0 57.5 0.5
Basement
23 0.003
57.5 58.0 0.5 38.6 0.005
76.7 77.2 0.5 10.8 -
SD-24-017
45.75 45.85 0.1 33.4 -
79.0 79.5 0.5 Basement 14.8 0.002
132.8 132.9 0.1 11.4 -
SD-24-018
12.0 12.5 0.5
Basement
29.2 0.005
12.5 13.0 0.5 176.0 0.026
13.0 13.5 0.5 28.1 0.004
24.3 24.4 0.1 31.6 -
25.0 25.5 0.5 44.8 0.008
25.5 26.0 0.5 82.9 0.013
26.0 26.5 0.5 17.3 0.004
27.3 27.4 0.1 11.1 -
SD-24-019 21.2 21.3 0.1 Basement 12.4 -
- 5 -
36.3 36.85 0.55 15.4 -
117.5 118.0 0.5 10.5 0.002
118.0 118.5 0.5 23.0 0.004
118.5 119.0 0.5 12.6 0.002
192.0 192.5 0.5 23.3 0.003
SD-24-020
22.5 23.0 0.5
Basement
21.7 0.003
23.0 23.5 0.5 25.2 0.004
28.0 28.5 0.5 19.8 0.003
28.5 29.0 0.5 30.9 0.005
29.0 29.5 0.5 29.0 0.004
29.5 30.0 0.5 15.9 0.002
32.5 33.0 0.5 11.1 0.001
34.5 34.6 0.1 23.2 -
44.5 45.0 0.5 17.7 0.002
45.0 45.5 0.5 10.6 < 0.001
171.0 171.5 0.5 30.4 0.004
171.5 172.0 0.5 11.3 0.001
SD-24-021 183.85 183.95 0.1 Basement 10.2 -
Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon,
Saskatchewan for preparation, processing, and ICP -MS multi -element analysis using total and
partial digestion, gold by fire assay, and boron by fusion. Basement samples were tested with ICP-
MS2 uranium multi -element exploration package plus boron. All basement samples marked as
radioactive upon arrival to the lab were also analyzed using the U 3O8 assay (reported in wt %).
Basement rock split interval samples range from 0.1 to 0.5 m. SRC is an ISO/IEC 17025/2005 and
Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials,
and repeats were inserted into the sample stream at regular in tervals in accordance with Standard
Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal
QA/QC protocols, and the results presented in this release are deemed complete, reliable, and
repeatable.
Samples containing clay alteration were sent to Rekasa Rocks Inc. in Saskatoon, Saskatchewan to
be analyzed by Short Wavelength Infrared Reflectance (“SWIR”) via a Portable Infrared Mineral
Analyzer (“PIMA”) to verify clay species. All depth measurements reported are down -hole
measurements and true thicknesses are yet to be determined.
*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U 3O8 to be
“high-grade”.
** The Company considers radioactivity readings greater than 300 counts per second (cps) to be
“anomalous”.
***Natural gamma radiation reported in this news release was measured in counts per second (cps) using
a handheld RS-125 super-spectrometer and a downhole Reflex EZ-Gamma probe. Readers are cautioned
- 6 -
that scintillometer /spectrometer and gamma probe readings are not uniformly or directly related to
uranium grades of the rock sample measured and should be treated only as a preliminary indication of the
presence of radioactive minerals.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed, verified,
and approved by Galen McNamara, P.Geo., CEO of the Company and a “qualified person” as
defined in NI 43-101.
Historical data disclosed in this news release relating to sampling results on the Sun Dog Project
are historical in nature. Neither the Company nor a qualified person has yet verified this data and
therefore investors should not place undue reliance on such data. The Company’s future
exploration work may include verification of the data. The Company considers historical results
to be relevant as an exploration guide and to assess the mineralization as well as economic potential
of the Project.
About Aero Energy Limited
Aero Energy is a mineral exploration and development company advancing a district -scale
250,000-acre land package in Saskatchewan’s historic Uranium City district within the Athabasca
Basin. Aero is focused on uncovering high -grade uranium deposits across its flagship Optioned
Properties – Sun Dog, Strike, and Murmac – in addition to its fully owned properties. Aero is led
by an award -winning technical team responsible for discoveries along the prolific Patterson
Corridor that include the Gryphon (TSX: DML) , Arrow (TSX: NXE), and Triple -R (TSX: FCU)
deposits. With over 50 shallow drill-ready targets identified and 125 km of target horizon, Aero is
tapping into the basin’s emerging potential for high-grade, unconformity-style mineralization.
On Behalf of the Board of Directors
“Galen McNamara”
Chief Executive Officer
604-288-8046
References:
1.Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council,
2018.
2.Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open -File
Report 81-166, 1981.
Further information on the Company can be found on the Company’s website at aeroenergy.ca and at
www.sedarplus.ca, or by contacting the Company by email at [email protected].
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward looking statements" and certain "forward -looking information" as
defined under applicable Canadian and U.S. securities laws. Forward -looking statements and information can
generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward -looking information
- 7 -
contained herein is provided for the purpose of assisting readers in understanding management's current expectations
and plans relating to the future. These forward‐looking statements or information relate to, among other things the
exploration and develop ment of the Company's mineral exploration projects including completion of drilling
activities.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause
the actual actions, events or results to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global
financial markets as a result of the public health crises; unquantifiable risks related to government actions and
interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates,
expectations, analyses and opinions, which are based on such management's experience and perception of trends,
current conditions and expected developmen ts, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by applicable law.
Such forward-looking information represents management's best judgment based on information currently available.
No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers
are advised not to place undue reliance on forward-looking statements or information.