Uvre Limited reported results from the initial batch of geochemical assays received from recently drilled holes at the None Such prospect, at the East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project). As announced to ASX on 27th September 2022 five (5) out of the first eleven (11) holes drilled in the Company's maiden phase 1 drill program at the None Such prospect intersected visible uranium and vanadium mineralisation within the Saltwash Member. A coincident zone of elevated gamma radioactivity was also measured with a handheld scintillometer across the visually mineralised zones in the core of the five (5) holes.

These zones of core were prepared and dispatched to a certified laboratory for geochemical analysis, with results for the uranium and vanadium content from the five holes now received. Significant Intercepts from assay data - None Such: ECDD35: 1.22m at 0.01% U3O8 from 36.88m to 38.10m, 1.53m at 0.66% V2O5 from 36.57 to 38.10m, (including 0.31m at 1.02% V2O5 from 37.18m); ECDD36: 2.14m at 0.23% V2O5 from 35.96m to 38.10m; ECDD41: 1.22m at 0.03% U3O8 from 35.05m to 36.27m, 1.83m at 0.20% V2O5 from 34.44m to 36.27m (including 0.31m at 0.58% V2O5 from 35.05m); ECDD42: 1.22m at 0.07% U3O8 from 32.92m to 34.14m (including 0.31m at 0.21% U3O8 from 33.83m); 1.52m @ 0.92% V2O5 from 32.92m to 34.44m (including 0.61m @ 1.89% V2O5 from 33.53m); ECDD46: 1.22m at 0.03% U3O8 from 34.29m to 35.51m; 1.68m at 0.22% V2O5 from 33.83 to 35.51m (including 0.91m at 1.23% V2O5 from 34.29m). All drill holes are vertical, with intercepts interpreted to represent true thickness.

Uranium and vanadium bearing ore deposits in the East Canyon district are generally confined to the Salt Wash Member of the Jurassic-age Morrison Formation, however geologically pinches and swells with variable thickness and grade. Assays received thus far confirms that the mineralised Uranium and Vanadium system continues beyond historical workings at None Such at a shallow depth of less than 40m. Stratigraphic and geochemical information obtained from the initial drill program will be combined with regional mapping to vector towards potentially larger mineralised traps sites within the system.

Assays for Rare Earth Elements (REE) from the holes drilled at None Such that showed elevated zones of Rare Earth Elements as recorded via a pXRF are still outstanding and are due in the coming weeks. The pXRF analyses indicates the presence of mineralisation but does not represent a formal qualitative assay by an independent laboratory. Results from pXRF analysis can vary significantly from laboratory assay.

Inspection of the recovered core from Bonanza drilling to date by an onsite senior geologist is ongoing, with any visually mineralised zones, or zones that have elevated scintillometer or pXRF readings for uranium, vanadium or rare earths, are being prepared for laboratory analysis.