Stallion Uranium Announces Expansion of Largest Uranium Exploration Project in Western Athabasca Basin
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700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Uranium Announces Expansion of Largest Uranium
Exploration Project in Western Athabasca Basin
Vancouver, British Columbia, January 17, 2024 – Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-
V: STUD; OTCQB: STLNF; FSE: HM4 0) is pleased to announce that it has acquired by staking three new
prospective uranium exploration dispositions (or “claims”) in northern Saskatchewan, increasing Stallion’s
total land package to 313,381 hectares (774,381 acres). The three dispositions add an additional 13,175
hectares to Stallion’s 100% owned holdings in the Athabasca Basin.
"In the Athabasca Basin, home to the highest-grade uranium deposits in the world, landholdings have
become an increasingly competitive environment. With this staking we have added over 32,000 highly
prospective acres to what was already the largest exploration project in the prolific southwestern Athabasca
Basin,” stated Drew Zimmerman, CEO. “This addition builds on Stallion’s strategy to secure large, high
potential land packages and work to advance the most compelling target areas towards drill testing , giving
the company the highest probability of discovering the next significant uranium deposit.”
Darren Slugoski, Vice President Exploration, Canada, stated “The new claims were strategically staked as they
complement our existing properties based on the most current data available. The claims host magnetic
signatures which could represent the extensions of structural anomalies from the adjacent dispositions held
by the company and provide additional areas of interest.”
Figure 1 – Stallion Uranium’s New Mineral Claims
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New Mineral Dispositions
Stallion staked an additional 13,175 h ectares contiguous to the company’s existing projects in the Western
Athabasca Basin. These additional claims not only increase Stallion's land position in the area but cover areas the
company views as highly prospective . The growth of the exploration package is directly east of the world class
Arrow uranium deposit owned by Nexgen Energy Ltd. See Figure 1 for the updated property mineral disposition
map location.
The newly staked claims, when combined with existing claims, allow for continuous coverage of key geological
features identified by the company . The claims have never been drill tested and host several kilometre-scale
under-explored prospective zones. Stallion will look to follow its roadmap to discovery by implementing state of
the art g eophysical surveys looking to advance the most compelling target areas . The exploration will focus on
areas with magnetic lows and conductive geophysical signatures which have been known to correlate with
uranium mineralization.
Qualifying Statement:
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed 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
Stallion Uranium is working to Fuel the Future with Uranium through the exploration of over 3,000 sq/km in
the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company holds the
largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
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.
Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district advancement with limited capital expenditures.
For more information visit stallionuranium.com or contact:
Drew Zimmerman
Chief Executive Officer
778-686-0973
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward -looking statements and forward-looking information within the meaning of Canadian securities
legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events.
Any statements that express, or involv e discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will
continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective”
and “outlook”) are not historical facts and may be forward -looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward -looking
statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included
in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of
which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed
in or implied by such forward -looking statements. The Company undertakes no obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge
from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent
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to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward -looking
statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cau tionary
statement.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of
which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such
factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in
any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their
entirety by this cautionary statement.