Basin Uranium Corp. announced an initial mineral resource estimate (MRE) for its Chord uranium project located in Fall River County, South Dakota, USA. This MRE incorporates the Company's historic data set acquired through private and public sources and provides a path to expand and build towards a much larger, potentially in-situ recoverable (ISR) resource.

The MRE was prepared by BRS Engineering Inc. in accordance with NI 43-101, Standards of Disclosures for Mineral Projects. Mining in the project area was primarily limited to small sized open pit methods, and focused on the uppermost, oxidized mineral horizons within the Inyanara Group. The deeper mineral horizons, particularly with the October-Jinx area were left undeveloped but were strongly explored by Union Carbide Corporation in the late 1970's. Domestically sourced, secure uranium supplies are becoming more crucial as global conflicts continue to fester and industry supply is squeezed by insatiable demand.

Global transitions to a 'green economy' will only exacerbate this demand as nuclear energy is the only true carbon free source of safe, reliable baseload power currently. A disequilibrium factor of 1 was applied to the resulting eU3O8 intercept dataset. An intercept grade cutoff of 0.02% eU3O8 was applied to the grade data to screen for intercepts which are not economically extractable by conventional heap or milling methods.

intercept data meeting the grade cutoff criteria were split into mineral horizons based on 3-dimensional interpretation of geological units and were composited and modeled within each horizon using a minimum 0.1 GT cutoff, a maximum vertical distance of 10 feet between intercepts, and a maximum radius of influence of 200 feet between drill holes. Three Mineralized Horizons were identified by 3-dimensional interpretation and modeled: Horizon A being the highest in elevation, C being the lowest in elevation and B residing between A and C. 12. These mineral horizons are variably present within the three project areas: October-Jinx, Viking, and Ridge Runner.

Resources are presented as undiluted and in-situ, are constrained by the GT contour model for each mineral horizon, and. The Qualified Person is not aware of environmental, permitting, legal, title, taxation, socio- political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resources. The NI 43-101 technical report for the MRE will be accessible on SEDAR+ under the company's issuer profile and the company's website within 45 days of this news release.

Chord Project, South Dakota. The Chord Project consists of 3,640 contiguous acres. The project lies on the southern end of the Black Hills, in Fall River County, South Carolina approximately seven miles north of Edgemont.

Mineralization is sandstone-hosted, and channel-bound into tabular and lenticular deposits within the Lakota and Fall River formations of the Inyanara Group. A radiometric disequilibrium factor of 1 were applied to the resource estimate. The minimum uranium grade included in the estimate was 0.02% e3O8.

Mineral resources are reported at a minimum grade thickness (GT) value of 0.25. Basin Uranium has not conducted exploration on the Chord Uranium has not conducted exploration On the Chord Uranium Project to date. Data resulting from historic exploration has been provided to the author in the form of resource review reports, drilling maps and geophysical logs.

This data was secured by Basin from publicly available data preserved by the South Dakota Geologic Survey and other data from private parties. Historic drilling was generally done by vertical rotary drilling with occasional core sampling for physical and metallurgical analysis. It was industry standard at this time to log drill holes using downhole geophysical logging tools including passive gamma, spontaneous/self-potential and resistivity.

Drill holes were logged by Century Geophysical, who remains an industry leader in the industry leader in the future.