Successful Phase 1 2023 Drill Program At Angilak

TORONTO - Latitude Uranium Inc. has completed Phase 1 of its 2023 drill program at the recently acquired Angilak Project located in Nunavut, Canada. The Phase 1 program was comprised of 15 holes totaling 4,750 metres and focused on the Main Zone of the Lac 50 Trend. Drilling identified a potential new lens just south of the Main Zone and continuity on the west and east sides of the Main Zone.

Phase 2 is expected to include up to an additional 700 metres for a total of 5,500 metres for the entire 2023 season. Highlights of Phase 1 2023 Drill Program: Potential new lens identified just south of the Main Zone mineralization with anomalous radioactivity up to 11,000 counts per second (cps); West side of the Main Zone shows continuity and downdip extension with all three holes showing anomalous radioactivity of up to 21,000 cps; and East side of the Main Zone shows continuity with off scale reading the best hole showing off-scale mineralization of up to >65,535 cps, RS230.

Phase 1 of the 2023 Angilak drilling is currently paused for the required rest time in accordance with the Nunavut Workers' Safety and Compensation Commission (WSCC) regulations. Phase 2 of the drill program is currently being mobilized and is anticipated to include an additional 700 metres for a total of 5,500 metres for the entire 2023 field season.