Kirkstone Metals plans IP survey for Key Lake Road

Nov 25, 2025

2025-11-25 10:01 ET – News Release

Mr. Clive Massey reports

KIRKSTONE METALS PLANS INDUCED POLARIZATION SURVEY AT KEY LAKE ROAD PROJECT

Kirkstone Metals Corp. has released phase I exploration plans for the Key Lake Road uranium project, located in Northern Saskatchewan, south of the Key Lake mine. The company has devised a multiphase exploration strategy to leverage the wealth of historic exploration data on this project. The first phase calls for an induced polarization (IP) survey in the northern extent of the project area, where the DD zone is located. The DD zone, first identified by Forum Uranium, is characterized by a north-south-trending fault, which is consistent with the Wollaston-Mudjatik transition zone (WMTZ), the primary geological feature controlling the uranium mineralization at the historic and producing uranium mines on the eastern side of the Athabasca basin.

Previous prospecting and multiple drilling campaigns at the DD zone have consistently identified highly anomalous uranium mineralization. The IP survey, which will consist of up to 12 line kilometres, will be used to accurately define prospective subsurface anomalies as well as the geological structural controls. Data from this survey will be used in defining potential diamond drilling targets in subsequent programs.

DD zone highlights:

DD-01 with values to 1,250 parts per million uranium over 0.25 metre at 157.75 m to 158 m depth;
DD-15 with anomalous highlights values of 155 ppm nickel, 664 ppm copper and 159 ppm lead;
DD-03, -16, -19 and -21 drilled near a rock sample with 6,150 ppm uranium and recorded highlight uranium values of 761 ppm and copper, nickel, cobalt and lead values in the 200-to-300-part-per-million range;
DD-07 with uranium values between 117 and 227 ppm over short intervals (0.2 m);
KLR23-05 and KLR23-06, which encountered a fault zone with massive pyrrhotite-pyrite and uranium values between 200 and 300 ppm; gamma probe results in these holes included 5,800 counts per second, 8,000 cps and 10,300 cps;
Backpack drill hole KLR 15-37 with a uranium high of 1.57 per cent over four centimetres; six core samples over 1,000 ppm were drilled in the area of interest during the 2015 program.

Clive Massey, president and chief executive officer, commented: “Since finalizing the option agreement our technical team has been focused on developing a disciplined, data-driven exploration program aimed at unlocking the property’s full potential. We believe, at this stage, an induced polarization survey is the best method to further advance the project toward the eventual goal of drilling. We are anxious to drill this project as we feel this will demonstrate the project’s technical superiority leading to a potential discovery.”

The KLR project, located approximately 90 kilometres south of Cameco’s Key Lake mine and mill, lies within the Wollaston-Mudjatik transition zone (WMTZ) — a prolific structural corridor hosting several of the world’s highest-grade uranium deposits, including Key Lake, Cigar Lake and McArthur River.

Qualified person

The technical information in this news release has been reviewed and approved by Tim Henneberry, PGeo, a director of the company and a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Kirkstone Metals engages Independent Trading Group as market-maker

Kirkstone has, subject to regulatory approval, including the approval of the TSX Venture Exchange, engaged the services of Independent Trading Group (ITG) to provide market-making services in accordance with TSX-V policies. ITG will trade shares of the company on the TSX-V and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company’s common shares.

Under the agreement, ITG will receive compensation of $6,000 plus GST (goods and services tax) per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities, and, as of the date hereof, neither ITG nor its principals have an interest, directly or indirectly, or any right or intent to acquire such an interest, in the securities of the company.

About Kirkstone Metals Corp.

Kirkstone Metals is a Canadian mineral exploration company focused on uranium assets that support the global transition to clean, reliable and secure energy. The company’s projects include the Gorilla Lake uranium project and the Key Lake Road uranium project, both located within the Athabasca basin — one of the world’s most prolific uranium regions. Kirkstone is committed to responsible development, technical excellence and disciplined capital management.

We seek Safe Harbor.

https://www.kirkstonemetals.com/