Stallion Uranium Announces Completion of Airborne Vtem Survey over Stone Island, Provides Coyote Drilling Update
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STALLION URANIUM ANNOUNCES COMPLETION OF AIRBORNE
VTEM SURVEY OVER STONE ISLAND,
PROVIDES COYOTE DRILLING UPDATE
Vancouver, British Columbia - March 10, 2026 - Stallion Uranium Corp. (the “Company”
or “Stallion”) (TSX-V: STUD ; OTCQB: STLNF ; FSE: B76) is pleased to announce the
completion of a helicopter -borne VTEM Plus airborne electromagnetic survey over the Stone
Island target area within its Moonlite Project in the Southwestern Athabasca Basin, and a drilling
update regarding the ongoing exploration program at the Company’s Coyote Target.
The VTEM survey, conducted by Geotech Ltd., consisted of two grids positioned south of the
Coyote Corridor on the Moonlite Project. It was designed to further refine conductive structural
corridors, identify potential alteration anomalies, and generate additional high- priority drill
targets to complement the Company's ongoing diamond drilling program at the primary Coyote
Target.
This adds a foundational geophysical dataset for the largely underexplored Stone Island area,
helping advance Stallion's systematic exploration strategy in the region.
Matthew Schwab, CEO of Stallion Uranium Corp., said “We’re thrilled to have wrapped up
the VTEM Plus survey over Stone Island and to see our diamond drilling advancing at the
Coyote Target; this is a pivotal moment in unlocking the true potential of the Moonlite
Project. By extending our geophysical coverage south and southwest of the Coyote
corridor, we’re gaining critical new insights into the broader structural system and
pinpointing even more high- priority drill targets. Coyote remains one of the most
compelling basement-hosted uranium opportunities I’ve encountered in the Athabasca
Basin, and with these datasets stacking up, we’re positioning Stallion for what could be a
game-changing discovery in the world’s highest grade uranium district.”
Highlights:
VTEM Plus survey completed over the Stone Island Target on the Moonlite Project,
located south of the Coyote Target
Two survey grids totaling 676 line-kilometres flown, consisting of 578 km on the northern
grid and 98 km on the southern grid
Survey flown at 200-metre line spacing, providing high-resolution coverage designed to
map conductive graphitic basement structures associated with unconformity -related
uranium deposits
Data currently undergoing processing and interpretation to identify conductive corridors,
structural complexity, and potential drill targets
Maiden drill program underway at the Coyote Target, with two diamond drill rigs currently
operating as the Company advances testing of the large basement-hosted target
Drilling progressing, with the program systematically evaluating high-priority geophysical
and structural targets identified through recent exploration
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Challenging drilling conditions have been encountered where all current drill holes have
intersected massive alteration and significant structural influence from the underlying
reginal fault system
Darren Slugoski, Vice President Exploration, added, “The VTEM Plus system provides
exceptional depth penetration and resolution, allowing us to better define conductive
graphitic structures that are commonly associated with major uranium deposits in the
Athabasca Basin. Integrating these new airborne EM results with our gravity data, structural
interpretation, and ongoing drilling at Coyote will help refine our understanding of the
broader mineralized corridor and support the development of additional high- priority drill
targets across the Moonlite Project.”
Figure 1: VTEM Plus Survey Location showing Flight Lines
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About the VTEM Plus Survey:
Concluding February 19, 2026, Geotech Ltd. carried out a helicopter-borne geophysical survey
at the request of Stallion Uranium Corp. The survey totaled approximately 676 line-kilometres
across two blocks over the Stone Island Target on the Moonlite property.
The VTEM Plus (Versatile Time Domain Electro Magnetic) system is the most innovative and
successful airborne electromagnetic system to be introduced in more than 30 years. The
proprietary receiver design using the advantages of modern digital electronics and signal
processing delivers exceptionally low -noise levels. Coupled with a high dipole moment
transmitter, the result is unparalleled resolution and depth of investigation in precision
electromagnetic measurements.
Key features include:
Superior Exploration Depth - over 800 metres in certain environments
Low Base Frequency (30 Hz) for penetration through conductive cover
High Spatial Resolution - 2 to 3 metres
Improved Interpretability due to Receiver-Transmitter symmetry
Ability to identify drill targets directly from airborne results
Excellent resistivity discrimination and detection of weak anomalies
The system was designed to be field configurable to best suit a large variety of different
geophysical requirements from deep penetration to optimizing the discrimination within a narrow
range of resistivity values.
The system is easily transportable. It can be disassembled for packaging in relatively small units
for shipping to surveys around the world. In the event of damage to the EM bird in-flight or while
being transported between survey sites, the unique design allows the easy replacement of any
part of the system in the field. The transmitter loop can be assembled or disassembled in 6- 8
hours.
Coyote Drilling Update:
The Company reports that its maiden drill program at the flagship Coyote Target on the Moonlite
Project in the Athabasca Basin is actively progressing, with two diamond drill rigs currently
operating on site.
The Company is currently advancing drilling on the second and third holes as it systematically
tests the large, high- priority basement-hosted target identified through extensive geophysical
surveying and geological modeling completed over the past year.
Initial program progress has been influenced by several operational factors typical of early-stage
exploration in remote northern environments.
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Unseasonably warm winter conditions in northern Saskatchewan have created intermittent
ground stability challenges affecting access and drill pad preparation. In addition, as this area
represents a first-pass drill test, crews have encountered rugged and variable terrain requiring
additional site preparation and equipment adjustments.
Elevated exploration activity across the Athabasca Basin, driven by strengthening uranium
market fundamentals, has also resulted in increased demand for drilling and logistical services
across the region.
Despite these challenges, drilling contractor Base Drilling Ltd. has adapted effectively and
continues advancing the program toward priority structural and geophysical targets that define
the Coyote corridor. The program represents the first systematic dri ll testing of this large
structural system, interpreted from integrated gravity and electromagnetic datasets, along with
information gained from the ongoing drill program. The Company remains committed to a multi-
season drill program designed to evaluate the scale and potential of this target.
Drilling is expected to continue through 2026 with only a brief operational pause anticipated
during the spring breakup period to allow for site repositioning and logistical planning. Following
this short transition period, drilling activities are expected to resume and continue through the
summer, fall, and winter exploration seasons as the Company advances its exploration strategy
on the Moonlite Project.
Management is confident in the Coyote T arget’s potential, further supported by the recently
completed geophysical surveys and looks forward to delivering regular updates as the program
progresses.
Qualifying Statement:
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed and
approved by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional
Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined
by National Instrument 43-101.
About Stallion Uranium Corp.:
Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly
1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the
world. The company, with JV partner Atha Energy holds the largest contiguous project in the
Western Athabasca Basin adjacent to multiple high-grade discovery zones. With a commitment
to responsible exploration and cutting -edge technology such as the use of the proprietary
Haystack TI technology, Stallion is positioned to play a key role in the future of clean energy.
Our leadership and advisory teams are comprised of uranium and precious metals exploration
experts with the capital markets experience and the technical talent for acquiring and exploring
early-stage properties. For more information visit stallionuranium.com.
On Behalf of the Board of Stallion Uranium Corp.:
Matthew Schwab
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CEO and Director
Corporate Office:
700 - 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6
T: 604-551-2360
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