F3 Uranium hits strongest hole to date at Patterson Lake Property

F3 Uranium hits strongest hole to date at Patterson Lake Property

Kelowna, BC – March 27, 2023 – F3 Uranium Corp. (“F3 Uranium“ or „The Company“ / previously known as „Fission 3.0 Corp.“) (TSXV: FUU – OTC: FUUFF – FRA: X42) has announced today that the final nine holes of the winter drill program at the JR Zone on the Patterson Lake North property ("PLN") have also returned numerous high-grade intercepts.

2023 Winter Drilling Program concludes with High Grade Uranium Mineralization.

Drill hole PLN23-060 intersected the strongest radioactivity to date on the JR Zone.  It was drilled up-dip from hole PLN23-052 (see press release dated 21 February 2023) and intersected radioactivity over 17.5 metres, including 3.82 metres of continuous off-scale radioactivity >65,535 cps between 244.0 and 247.82 metres.

If drill core image is not shown, please click here: https://www.investor-files.com/content/2023_03_27_FUU_News1_e109a3cb5a.jpg

PLN23-061 returned mineralisation over 14.0 metres, including 2.81 metres of off-scale composite radioactivity (>65,535 cps) within 5.08 metres of >10,000 cps composite radioactivity.

An additional drill hole was added to the programme: PLN23-062 also intersected continuous radioactivity, partially off-scale (>65,535 cps). This hole extended the strike length of the JR Zone by a further 30 metres to a current length of now 105 metres.

The detailed results of the drill core can be found under the following links:

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Commenting on the results, Raymond Ashley, Vice President Exploration, said:

"With the final nine holes of the 2023 winter drill programme, the technical team is pleased to announce the strongest off-scale radioactivity to date in the JR Zone with infill hole PLN23-060 on line 060S, making it the best hole. In addition, the two holes that have extended the JR Zone to a current length of 105m have both intersected off-scale radioactivity in excess of 65,535 cps."

He continued, "This is a fantastic conclusion to a very successful winter programme that has seen the JR Zone extended along strike to the south within the main A1 shear zone, in the direction where strong continuity of high-grade mineralisation had previously been noted during the drilling programme."

Fundamentals are continuously improving

F3 Uranium is listed on Canada's TSX Venture Exchange and is also tradable on German exchanges. The company could become interesting for investors right now, as North American uranium mining in particular is on the verge of a multi-billion dollar upswing in the face of geopolitical crises. In any case, it is becoming increasingly clear that the world must switch to clean energy and end its dependence on oil.

With its groundbreaking uranium discovery on the 39,946-hectare Patterson Lake North (PLN) property, F3 is currently the most successful uranium explorer in Canada's Athabasca Basin.

PLN is located on the southwestern edge of the Athabasca Basin in close proximity to Fission Uranium's high-grade world-class Triple R and NexGen Energy's Arrow uranium deposits. According to experts, this could be the next major development area for new uranium operations in northern Saskatchewan.

Furthermore, with its 16 (!) projects in the Athabasca Basin, F3 Uranium is benefiting from the ongoing renaissance of nuclear power: electricity from nuclear energy is practically emission-free and thus sustainable. This is why the number of nuclear power plants worldwide has now grown to 440. Another 53 plants are currently being built, eight in Europe alone. The demand for uranium is therefore likely to increase even further - but the low supply is likely to cause a deficit on the market in the foreseeable future.

Demand from Asia will continue to rise

The front-runner in nuclear energy is above all energy-hungry Asia: China is building 150 nuclear power plants in the next few years; India is planning almost 50 new nuclear power plants. For comparison, take a look at the USA: there, 95 nuclear reactors currently secure the country's electricity supply. The best prospects, then, for a revitalised uranium market with emptying uranium stockpiles.

Thus, the chances that uranium prices will continue to appreciate significantly are growing almost daily. In this environment, F3 is in the midst of a re-rating, further fuelled by the successes described above.

In the uranium sector, drill results are everything: F3 Uranium's recent corporate news therefore underpins the excellent prospects for a new, large uranium deposit in the world-famous "Athabasca region".

F3 share price just takes new run-up!

The share price of F3 Uranium Corp. has risen since November last year from CAD 0.07 to CAD 0.51 by mid-January. There a healthy consolidation began, which should now come to an end. Thanks to the latest news from Canada, the second part of a historic appreciation should now be imminent, including huge upside potential.

So there should be no more hesitation here, as F3 Uranium Corp (TSXV: FUU - WKN: A3D5YM - FRA: X42) should remain in expansion and growth mode and continue to bring attractive returns to profit-oriented investors.

About Patterson Lake North:

The Company's wholly owned 39,946 hectare Patterson Lake North (PLN) property is located on the southwestern edge of the Athabasca Basin in close proximity to Fission Uranium's high-grade world-class Triple R and NexGen Energy's Arrow uranium deposits, which could become the next major development area for new uranium operations in northern Saskatchewan. PLN is accessible via Provincial Highway 955, which traverses the property, and the new A1 uranium discovery is located 23 km northwest of Fission Uranium's Triple R deposit.

Qualified Person:

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and approved on behalf of the Company by Raymond Ashley, P.Geo., Vice President of Exploration of F3 Uranium Corp, a Qualified Person. Mr. Ashley has reviewed the disclosed data.

About F3 Uranium Corp:

F3 Uranium is a uranium project development and exploration company focused on projects in the Athabasca Basin, home to some of the world's largest high-grade uranium discoveries. F3 Uranium currently has 16 projects in the Athabasca Basin. Several of F3's projects are located near major uranium discoveries, including Triple R, Arrow and Hurricane.

More information about the company can be found at www.f3uranium.com.

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