Foremost Clean Energy Completes Drill Program at Murphy Lake South, Confirms Uranium-Bearing Structures

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has completed a seven-hole, 2,695-metre diamond drill program at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin, representing the project's first drilling activity since 2017. The program, designed using historic Denison Mines data and new 3D velocity modeling, intersected strong hydrothermal alteration, reactivated basement structures, and multiple zones of elevated radioactivity within graphitic faulted rocks near the unconformity. These geological features are consistent with unconformity-style uranium systems, which are characteristic of the high-grade uranium deposits found throughout the Athabasca Basin region.

The company reported that the alteration footprint has expanded by approximately 600 metres as a result of the drilling program, indicating a potentially larger mineralized system than previously understood. The unconformity occurs at relatively shallow depths of 200-350 metres, which could have positive implications for future mining operations should the project advance to that stage. Laboratory assays from the drilling program are currently pending and will provide critical data on uranium concentrations within the identified structures.

Jason Barnard, CEO of Foremost Clean Energy, stated that the results validate the project's exploration model and confirm the presence of uranium-bearing fluids, reinforcing Murphy Lake South's potential as the company advances its pipeline of uranium prospects. The confirmation of uranium-bearing structures represents a significant milestone for the project, which had remained dormant since 2017 before this recent drilling campaign. The use of both historical data from Denison Mines and modern 3D velocity modeling demonstrates the company's systematic approach to exploration in this geologically complex region.

The Athabasca Basin is globally recognized as one of the world's most prolific uranium-producing regions, hosting several major uranium mines and accounting for a significant portion of global uranium production. The confirmation of uranium-bearing structures at Murphy Lake South comes at a time of increasing global demand for carbon-free energy sources, with nuclear power playing an essential role in many countries' clean energy transitions. Domestic uranium production has gained strategic importance as nations seek to secure reliable supplies of nuclear fuel while reducing dependence on foreign sources.

Foremost Clean Energy maintains an extensive portfolio of uranium properties in the Athabasca Basin region, with the company holding options to earn up to 70% interest in 10 prospective uranium properties spanning over 330,000 acres. The successful results from Murphy Lake South could have broader implications for the company's other exploration projects in the region, potentially validating similar geological models across its property portfolio. Additional information about the company's activities and developments can be found at http://ibn.fm/FMST, while detailed information about the recent drilling program is available at https://ibn.fm/FLay3.

The exploration results from Murphy Lake South contribute to the growing body of evidence supporting the continued potential for new uranium discoveries in the Athabasca Basin, despite decades of intensive exploration. The identification of reactivated basement structures and hydrothermal alteration systems provides valuable geological insights that could guide future exploration efforts not only for Foremost Clean Energy but for other companies operating in the region. As global energy markets continue to evolve toward lower-carbon alternatives, successful uranium exploration projects like Murphy Lake South could play a crucial role in supplying the nuclear fuel required for baseload clean energy generation worldwide.