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PUR.V ·

Premier American Uranium Engages SRC Swiss Resource Capital Ag for European Marketing

Marketing Announcement

Premier American Uranium Engages

SRC Swiss Resource Capital Ag for European Marketing

Toronto, ON, February 14, 2024 – Premier American Uranium Inc. (“PUR” or “ Premier American Uranium”)

(TSXV: PUR) is pleased to announce i t has engaged SRC Swiss Resource Capital AG (“ SRC”), an independent

entity, to provide digital, translation, news, and communications services in Europe (the “Services”).

Under the terms of the engagement agreement (the “Agreement”), PUR has agreed to pay SRC a fee of CHF5,000

per month for a one -year term, continuing month -to-month thereafter, and has granted SRC 300,000 stock

options (the “Options”) pursuant to the Company’s long-term omnibus incentive plan. Each Option entitles SRC

to acquire one PUR common share at an exercise price of $ 2.61 per share for a period of five years. To the

knowledge of the Company, SRC and/or its affiliates currently hold 1,300 common shares of PUR; however, SRC

may from time to time acquire or dispose of securities of t he Company through the market, privately or

otherwise, as circumstances or market conditions warrant. SRC is at arm’s length to PUR and has no other

relationship with PUR, except pursuant to the Agreement. The Agreement and the grant of the Options

thereunder are subject to the approval of the TSX Venture Exchange.

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, Consolidated Uranium 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.

Tim Rotolo

CEO and Director

[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”, “occur” 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, receipt of the

necessary approvals of the TSX Venture Exchange, 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, performances

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 obtain requi red 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; potential 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, estimated 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.