Greenridge Exploration Inc C.GXP

Acquisition of the Carpenter Lake Uranium Project C.GXP

[Betteryear2]

Highlights

• The Carpenter Lake Uranium Project is fully permitted for an extensive drilling program.
   
• The Project hosts extensive previous exploration with multiple high priority targets across the Cable Bay Shear Zone.
   
• The Project covers 13,387 hectares of the Cable Bay Shear Zone parallel to the Virgin River Shear Zone.1
   
• Cameco’s Centennial deposit is located 45km southeast of the Project.1
   
• The Project is 95 km west of Cameco’s past producing Key Lake uranium mine which extracted over 220 million lbs. of uranium by open pit at an average grade of 2.3% U3O8 from 1983-1997.1
   
• Historical sampling from 2014 reveal multiple radioactive boulders on the Project with three (3) over 1,000 ppm uranium, and up to 1,550 ppm uranium.

VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has entered into a Property Option Agreement (the “Agreement”) dated May 29, 2024 with ALX Resources Inc. (“ALX”) and Pacton Gold Inc. (“Pacton” and together with ALX, the "Optionors") to acquire a 100% interest in the Carpenter Lake Uranium Project (the “Carpenter Lake Property” or the “Project”) located in the Athabasca Basin in Saskatchewan (the "Acquisition"). The Project consists of 7 mineral claims covering 13,387 hectares near the Southern Margin of the Athabasca Basin (Please see Figure 1).

Greenridge Exploration Announces Acquisition of the (globenewswire.com)