Foremost Clear Vitality Commences Web site Preparation for 2025 Drill Program at Hatchet Uranium Venture

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VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) — Foremost Clear Vitality Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Firm”) an rising North American uranium and lithium exploration firm, is happy to announce that the 2025 winter exploration program (the “Drill Program”) on the Hatchet Lake Uranium Venture (“Hatchet“), positioned within the world-renowned Athabasca Basin of northern Saskatchewan, has commenced. The preliminary part of this system is concentrated on web site preparation, together with modest clearing and setup of the areas focused for diamond drill testing, which is predicted to start within the coming days. The Drill Program is designed to follow-up on encouraging outcomes from earlier drill applications accomplished by Denison Mines Corp. (“Denison”) (TSX: DML, NYSE American: DNN), Foremost’s largest shareholder and strategic ally, together with a number of intersections of uranium mineralization.

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Foremost’s CEO and President Jason Barnard feedback: “We’re more than happy to launch Foremost’s preliminary exploration program at Hatchet, which is designed to drill-test high-priority targets. This undertaking is effectively located within the coronary heart of the japanese Athabasca Basin, which has allowed Foremost to shortly develop a winter area program by making use of the numerous present infrastructure within the area – most notably the amenities at Factors North Touchdown positioned close to Denison’s 22.5%-owned McClean Lake mill. We anticipate to have a drill turning within the not-too-distant future and are wanting ahead to preserving the market updated with outcomes.

Foremost’s pivot to uranium exploration is effectively timed, because the uranium market is at a essential juncture, with rising demand for nuclear energy, pushed by the worldwide power transition, the rise of AI, and the necessity for dependable baseload electrical energy, met by a shortfall of main uranium manufacturing, requiring new sources of provide to be developed and found. Over 30 international locations and 160 firms have pledged to triple nuclear energy capability by 2050, however because of a number of years of low uranium costs, uranium provide is struggling to maintain tempo. This imbalance has created a historic alternative for uranium producers, builders, and explorers, significantly in secure jurisdictions like Canada. With provide tight, demand rising, and authorities insurance policies shifting, nuclear power and uranium are poised for a promising future.

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On a company be aware, and on behalf of Foremost and its Board of Administrators, I wish to take this chance to acknowledge and sincerely thank Johnathan Extra for his invaluable contributions and management throughout his time on our Board, and need him continued success in his future endeavors.”

Hatchet Lake Drill Program

The preliminary program is deliberate to consist of two,000 metres of diamond drilling in 8 drill holes with goal depths of roughly 250 metres every. Drilling is predicted to give attention to two excessive precedence goal areas: Tuning Fork and Richardson.

This system is designed to focus on sandstone-hosted and basement-hosted uranium mineralization alongside conductive traits/corridors with identified and interpreted fault constructions recognized by earlier drilling, airborne and floor electromagnetic (“EM”) and magnetic geophysical surveys. This concentrating on methodology goals to maximise the chance of intersecting high-grade uranium mineralization much like present notable deposits (Cigar Lake, McClean Lake, & McArthur River) within the Jap Athabasca Basin.

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Drill Goal Precedence

Drill targets have been prioritized to follow-up in areas the place earlier outcomes with confirmed uranium mineralization are coincident with untested conductive anomalies recognized by means of historic geophysical surveys. The intent is to develop identified mineralization and uncover extra mineralization by testing a number of high-potential areas prioritized for follow-up on completion of the 2024 exploration program (see press launch March 04, 2025). Key areas of focus embrace:

• 2024 drilling recognized mineralization of as much as 0.11% U₃O₈ (RL-24-29) alongside the Richardson conductor (see Determine 1). 2025 drill holes intend to check the extent of the mineralized zone to the NW alongside the conductive pattern. Basement mineralization potential stays untested SE of this zone and can be a precedence for 2025
• Quite a few untested EM conductors exist (as much as 700 metres of strike size) over the Richardson declare. Uranium mineralization, alteration, and anomalous geochemistry is confirmed alongside examined conductors, which demonstrates the invention potential of Hatchet. The 2025 drilling marketing campaign plans to check potential sources of the geochemical anomaly
• Strongly anomalous geochemistry and graphitic brecciated shear zones intersected in 2024 alongside the Tuning Fork Pattern warrant extra drilling and 2025 drill testing is predicted to give attention to the up-dip projection of the construction intersected in TF-24-12 (see Determine 2)
• Deliberate drillholes goal west of the historic mineralization in HL-10-01 (0.1% U₃O₈ over 1 metre at 183-184 metres & 0.02% U₃O₈ over 1metre at 186-187 metres) in a 9 metre fault intersection and not too long ago recognized elevated pathfinder components encountered in TF-24-11

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Historic drilling (HT-83-61) comprises a 5 m (100 – 105 m) pattern of base steel mineralization related to sturdy radioactivity in a breccia zone. Structural data is required on this interval and can be anticipated to be collected as a part of the deliberate drill program. HT-83-61 is a notable historic outcome, because of its high-grade nickel and cobalt contents, summarized beneath: ¹

• 4.9% Ni
• 6.06% Co
• 47.6% As
• Radiometric peak at 980 cps in downhole probe

By strategically concentrating on interpreted constructions and conductive breaks recognized by means of floor geophysics, the exploration program goals to maximise the potential for discovery in these high-priority areas.

Determine 1 – 2025 proposed drillholes alongside the Richardson conductive pattern

Determine 2 – 2025 proposed drillholes alongside the Tuning Fork conductive pattern

The Hatchet Benefit – Shallow Depth Exploration

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Hatchet is positioned inside 1.5 km of the Athabasca Basin margin, which ends up in shallow sandstone cowl (lower than 220 metres) and corresponding shallow exploration targets, enabling environment friendly and cost-effective drill testing. The upcoming 2025 drill marketing campaign plans to capitalize on this benefit, together with a number of drill holes to advance the analysis of a number of goal areas – every of that are extremely potential and have potential for discovery or which is able to profit in future drill applications from extra reconnaissance.

Enterprise Developments

Foremost wish to announce that Johnathan Extra shall resign from the board of administrators of the Firm, efficient April 1, 2025, to spend extra time on his different endeavors. The Board of Administrators wish to thank Mr. Extra for his invaluable contributions and desires him each success sooner or later. The Board is at the moment evaluating options with respect to appointing a brand new unbiased director to fill the emptiness left by Mr. Extra’s departure.

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Strategic Advisor

Pursuant to a providers settlement whereby Foremost has engaged a strategic advisor for assist with U.S. Capital Markets, Foremost has granted 83,333 inventory choices (“Choices”), and shall problem 62,500 frequent shares of the Firm (“Shares”) at a deemed worth of $1.20 CND per Share. The Choices are exercisable at a worth of $1.20 CND per share and legitimate for a time period of three years. The Choices have been granted in accordance with the Firm’s Inventory Incentive Plan and the insurance policies of the CSE and Nasdaq. The Shares and Choices are topic to statutory 4-month maintain interval and are topic to CSE and Nasdaq approvals.

Certified Individual

The technical content material of this information launch has been reviewed and authorized by Jordan Pearson, P. Geo., Venture Geologist for Dahrouge Geological Consulting Ltd., and a Certified Individual underneath Nationwide Instrument 43-101, who has ready and reviewed the content material of this press launch.

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A professional individual has not carried out adequate work or information verification to validate the historic ends in accordance with Nationwide Instrument 43-101. Though the historic outcomes might not be dependable, the Firm however believes that they supply a sign of the property’s potential and are related for any future exploration program.

About
Foremost

Foremost Clear Vitality Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a quickly rising North American uranium and lithium exploration firm. The Firm holds an choice to earn as much as a 70% curiosity in 10 potential uranium properties (aside from the Hatchet Lake, the place Foremost is ready to earn as much as 51%), spanning over 330,000 acres within the prolific, uranium-rich Athabasca Basin area of northern Saskatchewan. Because the demand for carbon-free power continues to speed up, domestically mined uranium and lithium are poised for dynamic progress, enjoying an necessary function in the way forward for clear power. Foremost’s uranium initiatives are at totally different phases of exploration, from grassroots to these with important historic exploration and drill-ready targets. The Firm’s mission is to make important discoveries alongside and in collaboration with Denison by means of systematic and disciplined exploration applications.

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Foremost additionally has a portfolio of lithium initiatives at various phases of improvement, that are positioned throughout 55,000+ acres in Manitoba and Quebec. For additional data, please go to the Firm’s web site at www.foremostcleanenergy.com.

Contact and Info

Firm
Jason Barnard, President and CEO
+1 (604) 330-8067 
data@foremostcleanenergy.com

Comply with us or contact us on social media:
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LinkedIn: https://www.linkedin.com/firm/foremostcleanenergy  
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Ahead-Trying Statements

Apart from the statements of historic truth contained herein, the knowledge introduced on this information launch and oral statements made once in a while by representatives of the Firm are or might represent “forward-looking statements” as such time period is utilized in relevant United States and Canadian legal guidelines and together with, with out limitation, throughout the which means of the Personal Securities Litigation Reform Act of 1995, for which the Firm claims the safety of the protected harbor for forward-looking statements. These statements relate to analyses and different data which are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration. Another statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (usually, however not at all times, utilizing phrases or phrases resembling “expects” or “doesn’t anticipate,” “is predicted,” “anticipates” or “doesn’t anticipate,” “plans,” “estimates” or “intends,” or stating that sure actions, occasions or outcomes “might,” “might,” “would,” “would possibly” or “will” be taken, happen or be achieved) should not statements of historic truth and needs to be seen as forward-looking statements. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different components embrace, amongst others, the provision of capital to fund applications and the ensuing dilution brought on by the elevating of capital by means of the sale of shares, continuity of agreements with third events and satisfaction of the circumstances to the choice settlement with Denison, dangers and uncertainties related to the atmosphere, delays in acquiring governmental approvals, permits or financing. Though the Firm has tried to determine necessary components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Though the Firm believes that the expectations mirrored in such forward-looking statements are based mostly upon affordable assumptions, it can provide no assurance that its expectations will likely be achieved. Ahead-looking data is topic to sure dangers, traits and uncertainties that might trigger precise outcomes to vary materially from these projected. Many of those components are past the Firm’s means to regulate or predict. Vital components which will trigger precise outcomes to vary materially and that might influence the Firm and the statements contained on this information launch may be discovered within the Firm’s filings with the Securities and Change Fee. The Firm assumes no obligation to replace or complement any forward-looking statements whether or not because of new data, future occasions or in any other case. Accordingly, readers shouldn’t place undue reliance on forward-looking statements contained on this information launch and in any doc referred to on this information launch. This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities. and knowledge. Please consult with the Firm’s most up-to-date filings underneath its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for additional data respecting the dangers affecting the Firm and its enterprise.

The CSE has neither authorized nor disapproved the contents of this information launch and accepts no accountability for the adequacy or accuracy right here

Photographs accompanying this announcement can be found at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4d695e12-990b-490b-8774-524e4113c9bc

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b3a9399-9517-4997-9240-a5171f46b93e

¹ *Knowledge listed in report “Drever, Garth L, (1983) SMDC Hatchet Lake Venture 1983 Exploration Report. 64L12-NW-0058

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