Stallion Uranium Commences Phase 1 Drilling Program ON Moonlite Project IN Athabasca Basin
STALLION URANIUM COMMENCES PHASE 1 DRILLING PROGRAM
ON MOONLITE PROJECT IN ATHABASCA BASIN
Vancouver, British Columbia - February 12, 2026 - Stallion Uranium Corp. (the “ Company” or
“Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the commencement of
its 2026 winter diamond drilling program at the Moonlite Project, located in the Athabasca Basin of
northern Saskatchewan. The drill program will target the Coyote Corridor, a large- scale, well-defined
structural zone identified through more than a year of integrated geophysical surveys and detailed
geological modeling conducted in partnership with Atha Energy Corp. (“Atha Energy”) (TSX-V: SASK).
The Moonlite Project covers 100%-owned mineral claims as well as claims under option with Atha Energy
Corp.
Highlights:
Extensively Defined Target: The Coyote Target is the culmination of over a year of integrated
geophysical surveying, geological modeling, and multidisciplinary data integration, resulting in a
large, well-defined basement-hosted target for high-grade uranium mineralization.
Compelling Geophysical Signatures: Priority drill targets are characterized by coincident
conductors, gravity anomalies, and structural corridors ; all features associated with significant
uranium deposits in the Athabasca Basin.
First-Ever Drill Test of the Coyote Corridor: The Coyote structural corridor is a newly defined
structural corridor that has never been drill tested.
Staged Drill Program Underway: 4,000 metres will be drilled utilizing two diamond drill rigs,
allowing for results to be incorporated in real time to refine targeting from hole to hole.
Premier Location: The Moonlite Project is located within a highly prospective exploration corridor
of the western Athabasca Basin, near multiple world class uranium discoveries and deposits.
Drilling is being carried out by Base Drilling, a drilling contractor with extensive experience operating in
northern Saskatchewan and the Athabasca Basin.
“This is the first time Coyote has ever been drilled, and it represents one of the most technically
compelling uranium targets I have ever seen,” said Matthew Schwab, CEO. “After more than a
year of focused geophysical work and modelling, we are now testing a target that shows the same
geological signatures seen at several major Athabasca uranium discoveries. With two rigs turning,
this program has genuine discovery potential.”
Drilling commenced later than originally anticipated due to unseasonably warm January weather, which
temporarily delayed winter road construction and equipment mobilization. Site conditions have since
improved, allowing drilling to start safely and efficiently.
“Coyote checks the boxes we look for in Athabasca uranium exploration,” said Darren Slugoski,
VP Exploration. “We see conductive graphitic structures, gravity lows and structural complexity
all coinciding in the same corridor. These are the types of featur es that host uranium deposits
elsewhere in the Basin, and this program is designed to test the most favourable parts of that
system.”
The objective of this program is straightforward: test the most prospective targets of a large, untested
structural corridor that displays the key geophysical and geological characteristics associated with high-
grade Athabasca uranium deposits.
Figure 1: Phase 1 2026 Drilling Stages
TDEM Plate Traces Over Ground Gravity Inversion (-25m asl)
The 2026 winter drill program is expected to complete approximately six to eight drill holes targeting
gravity low anomalies spatially associated with conductive corridors interpreted to represent graphitic
structural zones with potential for uranium alter ation. Targeting is focused on areas of interpreted
structural complexity, including bends, offsets, and breaks in conductive rocks that may provide
favourable pathways for uranium-bearing hydrothermal fluids.
Stallion will provide additional updates as drilling progresses and results become available.
Coyote Target & Exploration Rationale:
The 2026 winter drill program at the Moonlite Project will utilize two diamond drill rigs to complete an
estimated six to eight drill holes. The primary focus of the program is to test a series of high-priority target
areas defined by recent ground geophysical surveys.
Drill targets are located within gravity low anomalies spatially associated with conductive corridors, which
are interpreted to represent graphitic structural zones with potential for uranium alteration. Targeting
within these conductive corridors is focus ed on areas of interpreted structural complexity, including
bends, offsets, and breaks in the conductive rocks, which provide favourable pathways and trap s for
hydrothermal uranium -bearing mineralizing fluids. The Coyote conductive corridor is considered
analogous in setting to other productive structural corridors within the Athabasca Basin and represents a
priority target for initial drill testing.
Figure 2: Results of SWML Plate Modeling with EM Plates
50 m asl
About the Base Drilling:
Base Drilling is a Canadian drilling contractor specializing in diamond drilling services for mineral
exploration projects. The company has extensive experience operating in remote northern environments
and the Athabasca Basin, with a strong track record s upporting uranium exploration programs through
safe, efficient, and reliable drilling operations.
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 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
CEO and Director
Corporate Office:
700 - 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6
T: 604-551-2360
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