Xcite Resources Executes Amending Agreements for Athabasca Uranium Property Portfolio
NEWS RELEASE
Vancouver, British Columbia, January 3, 2025: Xcite Resources Inc. (CSE:XRI) (“XRI”, “Xcite”
or the “Company”) is pleased to announce that it has entered into six amending agreements with
Eagle Plains Resources Ltd. (“EPL”:TSX-V, or “Eagle Plains”) relating to XRI’s Athabasca
uranium property portfolio. The amending agreements have the effect of postponing the
December 31st cash payments ($60,000 in aggregate) and the work commitments ($300,000 in
aggregate) under the agreements to June 30, 2025 (see Xcite’s news release dated as of
December 14, 2023 respecting each of the Gulch, Lorado, Smitty, Don Lake Beaver River and
Black Bay properties comprising the portfolio and the option agreements respecting the
properties).
Pursuant to the amended option agreements, Xcite will issue an aggregate of 600,000 XRI
common shares to Eagle Plains to fulfill its December 31st share issuance obligations. When
issued, in accordance with applicable securities laws the shares will be subject to a four month
hold period.
Xcite would like to thank Eagle Plains Resources for its opening and flexibility.
About Xcite Resources Inc.
Xcite Resources is an early-stage exploration company working to become a leader in the
discovery and development of energy transition metals. The uranium project portfolio in the
Athabasca basin will propel the company's efforts to achieve a high-grade discovery based on
new geological modelling and exploration thesis in a past-producing uranium camp dormant for
40 years. The Uranium City project portfolio constitutes the Don Lake, Beaver River, Smitty,
Lorado, Gulch and Black Bay properties.
On behalf of the Board of Directors of Xcite Resources Inc.
Jean-Francois Meilleur, CEO
Contact:
Jean-Francois Meilleur
CEO, Director, and Shareholder
Xcite Resources Inc. (CSE:XRI)
+1 514 951 2730
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Cautionary Note Regarding Forward-Looking Statements:
This press release contains statements that constitute “forward-statements.” Such forward-
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cause the Company’s actual results, performance or achievements, or developments to differ
materially from the anticipated results, performance or achievements expressed or implied by
such forward-looking statements.