Azarga Uranium Files NI 43-101 Technical Report for Resource Increase at Gas Hills Project - 2021

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Azarga Uranium has filed a technical report supporting the National Instrument 43-101 resource estimate for its Gas Hills Uranium Project in Wyoming announced on 30 March 2021. The Company has also engaged WWC Engineering and Roughstock Mining Services, LLC to complete a preliminary economic assessment on the back of the increased resource estimate.

Highlights:

• Measured and Indicated uranium resources increased to 10.77 million pounds U3O8 from 4.73 million pounds U3O8 (128% increase)
• Measured and Indicated ISR uranium resources total 7.71 million pounds U3O8 (72% of overall Measured and Indicated resources)Average U3O8 grade of 0.101%
• Maiden ISR resource estimate achieves significant grade and scale and supports further advancement of the project
• Preliminary economic assessment underway; strong potential for Gas Hills Project to become a significant satellite deposit to our flagship Dewey Burdock Project