Premier American Uranium Commences Inaugural Exploration Drill Program at its Cyclone ISR Project, Wyoming

TORONTO, July 11, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB:PAUIF) is pleased to announce that it has commenced its inaugural exploration drill program at the wholly-owned Cyclone ISR Uranium Project (“Cyclone” or the “Project”) in the Great Divide Basin, Wyoming, in the vicinity of Ur-Energy Inc.’s Lost Creek ISR uranium mine and other former uranium mining facilities (Figure 1). The exploration drill program at Cyclone is designed to systematically investigate the resource potential identified in the National instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) (“Technical Report”), with an effective date of June 30, 2023, which outlined a resource exploration target of 7.9 million pounds to 12.6 million pounds of eU₃O₈ at a grade of approximately 0.06% U₃O₈. This target is underpinned by data from 88 holes drilled in 2007-2008 by previous operators, which demonstrated the presence of sandstone-hosted uranium mineralization within a geologic setting conducive to In Situ Recovery (“ISR”) extraction.¹

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