Premier American Uranium and American Future Fuel Announce Updated Mineral Resource Estimate for the Cebolleta Project, Setting the Stage for Planned Expansion Drilling

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR) (OTCQB:PAUIF) and American Future Fuel Corporation (“AMPS” or “American Future Fuel”) (CSE: AMPS, OTCQB:AFFCF, FWB: K14, WKN: A3DQFB) are pleased to announce a current mineral resource estimate and the filing of a Technical Report (the “Technical Report”) for the 100% owned Cebolleta Uranium Project located in Cibola County, New Mexico, US (the “Project”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The Technical Report is being filed under both PUR and AMPS’ respective profiles on SEDAR+ at www.sedarplus.ca, in connection with the previously announced Plan of Arrangement involving the companies (the “Arrangement”) which is expected to close later this week. The Technical Report, prepared by SLR International Corporation (“SLR”) with an effective date of April 30, 2024, includes a current Mineral Resource Estimate (“MRE”) for the Project and in line with recommendations, lays the foundation for future exploration to support a planned Preliminary Economic Assessment (“PEA”).

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