IsoEnergy & Purepoint Launch $5M Exploration Program for Joint Venture Uranium Projects in 2025

• IsoEnergy and Purepoint Uranium announce a $5M 2025 exploration program for their new 50/50 joint venture.
• The JV consolidates 10 uranium projects spanning 98,000 hectares in Saskatchewan's eastern Athabasca Basin.
• Focus areas are the Dorado Project along the Larocque Trend, the Aurora Project, and the Celeste Block, where 18 drill holes totaling 5,400m is planned for Dorado and 4 holes totaling 800m planned for Celeste in 2025.
• IsoEnergy maintains a diversified uranium company with resources in Canada, the U.S. and Australia.

IsoEnergy (TSX:ISO) is a globally diversified uranium company with substantial current and historical mineral resources in top mining jurisdictions including Canada, the U.S. and Australia. Its projects are at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices.

IsoEnergy's flagship asset is the Larocque East project in Canada's Athabasca Basin, home to the Hurricane deposit which boasts the world's highest-grade indicated uranium mineral resource. The company also holds a portfolio of permitted past-producing conventional uranium and vanadium mines in Utah, with a toll milling arrangement in place for rapid restart when market conditions allow. This positions IsoEnergy as a potential near-term uranium producer.

Joint Venture Details

IsoEnergy and Purepoint Uranium Group have announced the commencement of their 2025 exploration program, backed by a $5,000,000 budget for the newly formed 50/50 joint venture. The JV consolidates 10 high-valued uranium projects spanning over 98,000 hectares into three key areas in Saskatchewan's eastern Athabasca Basin.

Dorado Project

The centerpiece of the 2025 program, the Dorado Project is positioned along the prolific Larocque conductive corridor, which hosts IsoEnergy's Hurricane deposit. Dorado consolidates the Turnor Lake, Geiger, Edge and most of Full Moon properties into a focused exploration initiative.

Work will concentrate on high-priority target zones defined by graphitic conductors surrounding a central granitic dome. The plan is to integrate and re-evaluate all historical geophysical data and drill hole geology with a unified approach.

The Larocque Trend extends across Turnor Lake to the northern boundary of Full Moon, 14km east of Hurricane. Vertical depth to the unconformity is shallow, ranging from just 27 to 133 metres. Numerous prospective zones remain untested.

At Geiger, historical drilling hit high-grade basement-hosted mineralization, including 2.74% U₃O₈ over 1.2m in hole HL-50 along the H11 South conductor. The property has 20km of graphitic conductors with untested gaps up to 1km presenting significant exploration upside.

Approximately 5,400 metres in 18 drill holes are planned for Dorado in 2025.

Aurora Project

The Aurora Project covers the remaining claims east of Dorado, including part of Full Moon, Red Willow, and Collins Bay Extension. It offers near-surface uranium potential close to the McClean Lake and Rabbit Lake mines.

An airborne geophysical survey is planned for Aurora in 2025 to further delineate targets.

Celeste Block

The Celeste Block incorporates the Thorburn, North Thorburn, Madison and 2Z properties. It covers portions of conductor trends east of Cigar Lake and southwest of Rabbit Lake and McClean Lake where target depths are relatively shallow.

Drilling will focus on testing recent geophysical results at Madison, which has thin sandstone cover and limited historical drilling. Approximately 800 metres in 4 drill holes are planned for 2025. Chris Frostad, President and CEO of Purepoint stated:

“The 2025 Joint Venture program underscores our focus on advancing Dorado within the Larocque Trend, an area of exceptional potential. While Dorado is the centerpiece of this coming year’s efforts, we are also performing critical work on the Aurora and Celeste Block projects to ensure these promising targets remain ready for future exploration. Purepoint is excited to execute on the program as the operator, with IsoEnergy's oversight providing valuable guidance and expertise.”

For Investors

The 2025 IsoEnergy - Purepoint joint venture exploration program demonstrates a clear focus on advancing discovery potential in the prolific eastern Athabasca Basin. With $5 million dedicated to drilling and geophysics across 10 consolidated properties, investors can anticipate steady news flow as the JV targets shallow, high-grade uranium mineralization in proven trends.

Philip Williams, CEO of IsoEnergy, commented:

"The transition to a 50/50 partnership aligns our interests and strengthens our collaboration as we advance some of the most promising uranium assets in the Athabasca Basin. By increasing our equity position in Purepoint, IsoEnergy enhances its exposure to a diverse and strategically valuable portfolio, with a view to ensuring we are positioned to capitalize on their broader exploration successes. IsoEnergy’s equity portfolio is now worth approximately $40 million including positions in Nexgen Energy, Premier American Uranium, Atha Energy, Jaguar Uranium, Future Fuels, and Purepoint Uranium."

Chris Frostad, President and CEO of Purepoint, added:

"IsoEnergy’s decision to exercise their Put Option underscores the strength of our partnership and the potential of our Joint Venture projects. We believe that together, as equal partners, we are uniquely positioned to advance these high-value assets while leveraging the financial and operational strengths that come from our collaboration."

For IsoEnergy, the JV complements its robust pipeline of projects in top-tier jurisdictions worldwide. The company is well positioned to benefit from the unfolding uranium bull market with leverage to rising prices from development to production. Larocque East and the Hurricane deposit remain the flagship assets, with this new JV adding further discovery upside.

With a strategic focus on the Athabasca Basin, strong financial backing, and proven management and technical teams, IsoEnergy appears poised to unlock significant value as the uranium market continues to gather momentum. Investors bullish on uranium may find IsoEnergy an attractive vehicle to gain exposure to a geographically diversified portfolio of high-quality projects in varying stages.