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Traction Uranium Provides Hearty Bay Research Program Update

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Traction Uranium Provides Hearty Bay Research Program Update

Research Project on the “radiation-induced defects in quartz” is a novel uranium

vectoring technique pioneered by Dr. Yuanming Pan

January 31

st

, 2023

(Calgary,

AB):

Traction

Uranium

Corp.

(CSE:

TRAC)

(OTC:

TRCTF)

(FRA:

Z1K)

(the

“

Company

”

or

“

Traction

”)

is

pleased

to

provide

the

following

progress

update

on

the

Hearty

Bay

research

program

(the

“

Research

Program

”)

currently

being

conducted

by

the

Company’s

research

team

on

the

Hearty

Bay

core

samples

collected

from

14

diamond

drill

holes

punched

in

the

winter

2022

diamond drill program (see Traction’s previous news release dated August 30

th

, 2022).

The

main

purpose

of

the

Research

Program

is

to

assist

the

Company

in

determining

whether

there

are

uranium-bearing

fluids

within

a

target

area

and

to

help

Traction’s

team

define

and

trace

the

conduit(s)

of

any

such

uranium-bearing

fluids.

The

data

from

the

work

examines

quartz

degradation

caused

by

radiation

emitted

from

decaying

uranium

as

another

vector

to

add

to

the

Company’s

exploration

program.

Progress Update:

●

All

selected

core

samples

from

the

Hearty

Bay

Property

(a

total

of

85

samples

from

14

diamond drill holes) have been split into two halves.

●

One-half

was

made

into

polished

thin

sections

for

petrographic

observations

and

the

other

half

was then crushed, sieved, and cleaned for the separation of quartz.

●

The

purest

grains

were

handpicked

under

a

binocular

microscope

and

then

cleaned

again

before

powdering.

●

To

date,

60

samples

from

10

of

the

14

diamond

drill

holes

are

ready

for

EPR

measurements

and

interpretation.

●

Quartz separation for the remaining 25 samples from the last four boreholes is underway.

Technical Overview:

The

Research

Program

is

a

collaboration

between

the

University

of

Saskatchewan

and

Traction,

and

aims

to

make

use

of

radiation-induced

defects

in

quartz

as

a

new

vector

for

uranium

exploration

at

the

Company’s

Athabasca

Basin

properties.

The

Research

Program

is

based

on

the

discovery

of

some

radiation-induced

defects

in

quartz

formed

from

the

bombardment

of

alpha

particles

emitted

from

the

decay

of

uranium

(and

thorium)

isotopes.

The

amounts

of

these

radiation-induced

defects

in

quartz

often

record the quantity/duration of uranium-bearing fluids that existed in that area in the past.

This

method

started

from

research

on

the

Key

Lake

and

McArthur

River

mines

and

has

been

applied

to

the Maw Zone, the Phoenix Deposit, and the Arrow Deposit.

The

main

analytical

techniques

used

for

the

Research

Program

are

cathodoluminescence

(“

CL

”)

imaging

and

electron

paramagnetic

resonance

(“

EPR

”)

spectroscopy.

The

former

technique

visually

detects

radiation-induced

defects

in

minerals

but

is

less

sensitive,

while

the

latter

is

more

sensitive

and

allows

quantitative estimations of radiation-induced defects.

The

Research

Program

will

start

with

a

systematic

sampling

of

drill

cores

from

the

Company’s

properties

and

is

followed

by

careful

sample

preparations

and

data

analyses

(polished

thin

sections

for

CL

imaging

and

mineral

separates

for

EPR).

The

anticipated

results

from

this

Research

Program

are

in

the

form

of

a

detailed

documentation

on

the

distribution

(both

2D

and

3D)

of

radiation-induced

defects

in

quartz

at

both

the

Company’s

properties,

which

can

be

integrated

with

data

from

other

techniques

(e.g.

geophysics

and

geochemistry) to guide the exploration program (i.e., narrowing down targets for further exploration).

About Traction Uranium Corp.

Traction

Uranium

Corp.

is

in

the

business

of

mineral

exploration

and

the

development

of

discovery

prospects in Canada, including its two uranium projects in the world renowned Athabasca Region.

We

invite

you

to

find

out

more

about

our

exploration-stage

activities

across

Canada’s

Western

region

at

www.tractionuranium.com

.

Qualified Person

The

technical

content

of

this

news

release

has

been

reviewed

and

approved

by

Boen

Tan,

Ph.D,

P.

Geo.,

who

is

a

Qualified

Person

as

defined

by

National

Instrument

43-101,

Standards

of

Disclosure

for

Mineral

Projects.

The

information

provides

an

indication

of

the

exploration

potential

of

the

Company’s

properties

but may not be representative of expected results.

On Behalf of The Board of Directors

Lester Esteban

Chief Executive Officer

+1 (604) 561 2687

[email protected]

Forward-Looking Statements

This

news

release

includes

forward-looking

statements

that

are

subject

to

risks

and

uncertainties,

including

with

respect

to

the

Research

Program.

The

Company

provides

forward-looking

statements

for

the

purpose

of

conveying

information

about

current

expectations

and

plans

relating

to

the

future

and

readers

are

cautioned

that

such

statements

may

not

be

appropriate

for

other

purposes.

By

its

nature,

this

information

is

subject

to

inherent

risks

and

uncertainties

that

may

be

general

or

specific

and

which

give

rise

to

the

possibility

that

expectations,

forecasts,

predictions,

projections,

or

conclusions

will

not

prove

to

be

accurate,

that

assumptions

may

not

be

correct,

and

that

objectives,

strategic

goals

and

priorities

will

not

be

achieved.

These

risks

and

uncertainties

include,

but

are

not

limited

to,

the

risks

that

the

Research

Program

will

not

be

completed

as

contemplated,

that

the

Research

Program

may

not

yield

the

types

of

information

anticipated,

and

those

risks

identified

and

reported

in

the

Company’s

public

filings

under

the

Company’s

SEDAR

profile

at

www.sedar.com.

Although

the

Company

has

attempted

to

identify

important

factors

that

could

cause

actual

actions,

events,

or

results

to

differ

materially

from

those

described

in

forward-looking

information,

there

may

be

other

factors

that

cause

actions,

events

or

results

not

to

be

as

anticipated,

estimated

or

intended.

There

can

be

no

assurance

that

such

information

will

prove

to

be

accurate

as

actual

results

and

future

events

could

differ

materially

from

those

anticipated

in

such

statements.

The

Company

disclaims

any

intention

or

obligation

to

update

or

revise

any

forward-looking

information,

whether

as

a

result

of

new

information,

future events or otherwise unless required by law.

The CSE has neither approved nor disapproved the information contained herein.