ReeXploration Announces Field Program Results Confirming Large-Scale Uranium Target at Eureka, Namibia Ground radiometrics, soil geochemistry and mapping reinforce the potential for a Rossing-style system beneath shallow cover
ReeXploration Announces Field Program
Results Confirming Large-Scale Uranium
Target at Eureka, Namibia
Ground radiometrics, soil geochemistry and mapping
reinforce the potential for a Rossing-style system beneath
shallow cover
Halifax, Nova Scotia--(Newsfile Corp. - December 12, 2025) - ReeXploration Inc. (TSXV: REE) (FSE:
K2I0) ("ReeXploration" or the "Company") is pleased to announce results from its uranium field program,
which provide strong support for the scale and technical validity of the
previously-announced uranium
target
at the Eureka Project in Namibia. The Company believes the target has the potential to represent
a large, under-cover Rössing-style uranium system. A drill program is planned for early 2026 to provide
initial testing of the target.
HIGHLIGHTS:
Strong correlation between airborne and ground uranium signatures strengthens
confidence in continuity of target
Areas of very high total gamma readings, including zones above 1,500 counts per second
("cps"), identified above interpreted leucogranites
Soil geochemistry confirms the radiometric signal is uranium-bearing
Uranium-rich soils mapped with values up to 114 ppm U (pXRF)
Mapping highlights key indicators consistent with Rössing-style uranium systems
Favourable rock types and grab samples up to 853 ppm U (pXRF) provide encouraging
indicators of a uranium-bearing system below cover
Evidence points to a large, cohesive uranium system
Geological setting and signature show strong similarity with known Namibian uranium
systems (Rössing, Omaholo and Etango) when compared at equal scale
Drill program planned to test Rössing-style model
Program aims to provide initial testing of the large-scale target
Christopher Drysdale, Interim CEO for ReeXploration, added,
"This field program has materially
advanced our understanding of the uranium target at Eureka. The strong alignment between airborne
radiometrics, ground radiometrics, geology and soil geochemistry provides exactly the type of multi-
layered confirmation you want to see before drilling. Namibia is one of the world's most important
uranium jurisdictions, and Eureka lies in the same structural corridor that hosts Rössing, Husab,
Etango, Omaholo and Norasa. The scale of this anomaly, and the quality of the early technical
indicators, point to a meaningful discovery opportunity."
Field Program Results
Four grids across the broad airborne uranium anomalies southwest of the Eureka Dome were defined
for follow-up ground investigation (Figure 1). A ground spectrometer survey and soil sampling program
were executed by the Company across the four grids. The objectives included obtaining a greater
understanding of the nature, cause and extent of the anomalies, and identifying any highly anomalous
areas.
Figure 1: Grids 1 to 4 covering the airborne uranium radiometric anomalies.
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Ground Spectrometer Survey
A total of 102-line kilometers of ground spectrometer survey was completed across the four grids, with
survey lines running east-west and spaced 100 m apart. Overall, a very good correlation was achieved
with the airborne radiometric uranium anomalies. The ground surveying highlighted areas of very high
anomalism with values up to 2,255 cps. Low radioactivity corresponds with more massive calc-silicate
exposure, covered areas, and drainage sediments, whereas high radioactivity corresponds with
gypcretes/calcretes overlying leucogranite. Secondary uranium (carnotite) was found in the overburden
(sand/sheetwash), as well as in in-situ leucogranite and schist. Sand cover increases to south
attenuating radioactive signal (Figure 2).
Figure 2: Ground spectrometer survey completed across the four grids.
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The field spectrometer survey has confirmed the regional scale of the airborne radiometric uranium
anomalies. The anomalies relate to widespread uranium mineralization occurring within thin overburden,
which is best visible where drainages have incised a regionally occurring gypcrete/calcrete horizon with
anomalous values ranging from 300 to 1,500 cps (Figure 3).
Figure 3: Mineralized leucogranite and gypcrete/calcrete found during reconnaissance field
work and the ground spectrometer survey.
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Soil Sampling pXRF Results
A total of 1,040 soil samples were collected across the four grids at 100 x 100 m spacing and analyzed
with the Company's portable XRF. High uranium in soils are evident where secondary uranium
(carnotite) was found in gypcrete / calcretes primarily along drainages (Figure 4).
Figure 4: Uranium in soil pXRF results from the soil sampling campaign.
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Initial Drill Target Areas
Six initial drill target areas have been identified based on coincident; 1) airborne uranium radiometric
anomalies, 2) high total gamma (>500 cps) from ground spectrometer survey, 3) uranium in soils (>10
ppm pXRF), and 4) zones of interpreted leucogranites in contact with reactive calc-silicate rocks (Figure
5).
The target areas include occurrences of visible secondary uranium
mineralization identified within
leucogranites and gypcretes/calcretes.
Figure 5: Initial drill target areas.
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Next Steps: Diamond Drilling Expected to Commence Early 2026
ReeXploration is in the final stages of contractor selection and anticipates mobilizing in early 2026 for a
2,000-metre inaugural diamond drilling program. The program is designed to test for primary uranium
mineralization within the leucogranites (Rössing-style model) beneath the weathering profile. Drilling is
expected to comprise a series of heel-to-toe drill fences across priority target areas. The initial program
is planned to consist of approximately ten holes averaging 200 metres in length. A detailed drilling
schedule will be released once mobilization dates are confirmed, and the program remains subject to
financing.
Technical Disclosure
Field analysis of rock and soil samples was carried out using a calibrated SciAps X-555 portable X-Ray
Fluorescence (pXRF) analyzer. The instrument is capable of detecting uranium providing a rapid,
preliminary, and semi-quantitative indication of uranium concentrations which is considered sufficiently
reliable for initial reporting of initial field reconnaissance results. Select samples are expected to be
verified through uranium assay at an accredited laboratory.
Counts per second ("cps") results were collected using an RS-125 handheld gamma-ray spectrometer.
The RS-125 measures natural radioactivity from potassium (K), uranium (U), and thorium (Th), providing
real-time counts-per-second (cps) readings that assist in identifying zones of elevated radioactivity and
guiding geological mapping and sampling programs. The cps measurements are qualitative in nature
and should not be interpreted as equivalent to uranium concentrations obtained through laboratory
analysis.
Qualified Person
Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the
scientific and technical information in this news release. Mrs. Kruger is registered as Professional
Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions
(SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
.
About ReeXploration Inc.
ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet
surging global demand for secure, responsible supplies of critical minerals essential to the clean energy
transition, advanced technologies and national defense. The Company's flagship Eureka Project in
central Namibia pairs a technically proven rare earth foundation – supported by the production of a
clean, Western-standard monazite concentrate – with a newly defined, high-priority uranium target
located within one of the world's most established uranium corridors. Together, these commodities
provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral
and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical
minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible,
ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible
supply chains.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking information. This information is based on current
expectations and assumptions (including assumptions relating to general economic and market
conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual
results may differ materially from results suggested in any forward-looking information. Exploration
does not assume any obligation to update forward-looking information in this release, or to update the
reasons why actual results could differ from those reflected in the forward-looking information unless
and until required by securities laws applicable to ReeXploration. Additional information identifying
risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities
regulators, which filings are available at
www.sedarplus.ca
.
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.
Further details are available on the Corporation's website at
www.rareearthexploration.com
or contact
Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949,
.
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