Trench Metals Corp. announces the preliminary findings from the recent field exploration program, including the discovery of multiple zones of highly anomalous radioactivity, on the Higginson Lake Uranium Project in northern Saskatchewan. On the Corrigan Lake target, three locations returned radioactivereadings, measured as counts per second (cps) that were "off- scale on the handheld instruments (+ 65,500 cps).

The Higginson Lake uranium project covers an area of approximately 5,900 hectares and is 52 kilometres northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake uranium project hosts two historic drill-indicated reserves, totalling 4.8 million lb of U308. The recent exploration program was designed to confirm historic uranium showings, outline extensions and trends of radioactivity, and prioritize targets for proposed drilling in 2023.

Four target areas have been investigated, with significant radioactivity reported from all locations. Rock sampling, prospecting and geological mapping was completed and a total of 75 rock samples were submitted for analysis to SRC Geoanalytical Laboratories, located in Saskatoon. Corrigan Lake Uranium Prospect - located near the center of the Higginson Lake Property, this occurrence returned the highest radioactive readings (measured as counts per second (cps) on a handheld Radiation Solutions RS-120Super-SCINT gamma-ray scintillometer or a handheld Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer), including three showings of "off-scale" readings (more than 65,500 cps), associated with uraninite-bearing mineralization, in shallow, historic trenches.

Multiple other high radioactive readings range from 10,003 to 47,100 cps. Dianne Uranium Showing West - located near the west of Higginson Lake, this showing indicated elevated radioactivity in a West-Northwest trend, over a strike length of greater than 1,000 meters, with radioactivity readings up to 26,010 cps. Dianne Uranium Showing East - this occurrence returned anomalous radioactivity in a North-Northwest direction for more then 200 metres, with radioactivity readings up to 7285 cps.

Combined, the Dianne East and West uranium showings have the longest strike length and radioactive continuity associated with a major structural feature. Radioactive pegmatites were first discovered in this area in 1949 and include a series of radioactive anomalies along a major east-southeast-west-northwest-striking tectonic lineament. Charlebois Lake Pegmatities - this target area is located on the northwestern portion of the Higginson Property, with elevated background radioactivity in the 100 - 600 cps range, and a peak radioactivity reading of 2,126 cps.

This target measures approximate 1 kilometre by 1 kilometre. The Charlebois Lake showings have seen little modern exploration and is the source of the highest historic (based on assessment reports) assay value results on the property of 1.57% U3O8.