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PUR.V ·

Premier American Uranium Commences Trading on the OTCQB Marketplace

Listings & Exchange

Premier American Uranium Commences Trading on the

OTCQB Marketplace

Toronto, ON, May 3, 2024 – Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American

Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce that its common shares have commenced

trading on the OCTQB under the symbol PAUIF. The listing complements PUR’s existing DTC Eligibility.

Colin Healey, CEO of PUR , commented, “As a U.S. focused uranium exploration and development Company,

having our shares trade on the OTCQB is an important step in unlocking value for our existing shareholders in

the U.S. Additionally, with this now completed, we anticipate leveraging the OTC platform to expand our visibility

to a broader network of investors , which aligns seamlessly with current uranium market dynamics, particularly

within the U.S.”

The OTCQB is a U .S. trading platform operated by the OTC Markets Group and is the premier marketplace for

entrepreneurial and development stage U.S. and international companies committed to providing a high-quality

trading and information experience for their U .S. investors. To be eligible, companies must be current in their

financial reporting, pass a minimum bid price test, and undergo an annual company verification and management

certification process. The OTCQB quality standards provide a strong baseline of tra nsparency, as well as the

technology and regulation to improve the information and trading experience for investors.

The OTCQB listing has the potential to further enhance trading volumes through an expansion of investment

advisers' ability to recommend investments to their U .S. clients. Investors can find current financial disclosure

and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

About Premier American Uranium

Premier American Uranium Inc. is focused on the consolidation, exploration, and development of uranium

projects in the United States. One of PUR’s key strengths is the extensive land holdings in two prominent

uranium-producing regions in the United States: the Great Divide Basin of Wyoming and the Uravan Mineral Belt

of Colorado. With a rich history of past production and historic uranium mineral resources, PUR has work

programs underway to advance its portfolio.

Backed by Sachem Cove Partners, IsoEnergy and additional institutional investors, and an unparalleled team with

U.S. uranium experience, PUR’s entry into the market comes at a well -timed opportunity, as uranium

fundamentals are currently the strongest they have been in a decade.

For More Information, Please Contact:

Premier American Uranium Inc.

Colin Healey, CEO

[email protected]

Toll-Free: 1-833-572-2333

Twitter: @PremierAUranium

www.premierur.com

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of

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

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities

laws. Forward-looking information includes, but is not limited to, statements with respect to, planned exploration

activities; and other activities, events or developments that are expected, anticipated or may occur in the future.

Generally, but not always, forward-looking information and statements can be identified by the use of words such

as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or

“believes” or the negative connotation thereof or variations of such words and phrases or statements that certain

actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occ ur” or “be achieved” or the

negative connotation thereof.

Forward-looking information and statements are based on our current expectations, beliefs, assumptions,

estimates and forecasts about PUR’s business and the industry and markets in which it operates. Such forward -

information and statements are based on numerous assumptions, including among others, expectations

regarding negative operating cash flow and dependence on third party financing, uncertainty of additional

financing, no known mineral reserves or resources, reliance on key management and other personnel, potential

downturns in economic conditions, actual results of exploration activities being different than anticipated,

changes in exploration programs based upon results, risks generally associated with the mineral exploration

industry, environmental risks, changes in laws and regulations, community relations, delays in obtaining

governmental or other approvals and the risk factors with respect to Premier American Uranium set out in PUR’s

listing application dated November 27, 2023 and the other documents of PUR filed with the Canadian securities

regulators and available under PUR’s profile on SEDAR+ at www.sedarplus.ca.

Although the assumptions made by PUR in providing forward -looking information or making forward -looking

statements are considered reasonable by management at the time, there can be no assurance that such

assumptions will prove to be accurate. Forward -looking information and statements also involve known and

unknown risks and uncertainties and other factors, which may cause actual results, performances and

achievements of Premier American Uranium to differ materially from any projections of results, performa nces

and achievements of Premier American Uranium expressed or implied by such forward -looking information or

statements, including, among others: limited operating history, negative operating cash flow and dependence on

third party financing, uncertainty of additional financing, delays or failure to obt ain required permits and

regulatory approvals, no known mineral resources/reserves, reliance on a single project, aboriginal title and

consultation issues, reliance on key management and other personnel; pot ential downturns in economic

conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to

operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated

with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks.

Although PUR has attempted to identify important factors that could cause actual actions, events or results to

differ materially from those contained in the forward -looking information or implied by forward -looking

information, there may be other factors that cause results not to be as anticipated, estimated or intended. There

can be no assurance that forward-looking information and statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated, esti mated or intended. Accordingly, readers

should not place undue reliance on forward-looking statements or information. PUR undertakes no obligation to

update or reissue forward -looking information as a result of new information or events except as required by

applicable securities laws.