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From: LoneClone5/15/2019 12:02:16 PM
   of 18432
 
Azincourt Energy Vtem Survey Generates Seven New Target Areas at East Preston Uranium Project

ca.finance.yahoo.com

GlobeNewswireMay 15, 2019

VANCOUVER, British Columbia, May 15, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce results from the helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and Magnetic survey conducted over the southeastern portion of the East Preston Uranium Project, located in the western Athabasca Basin, Saskatchewan.

As reported previously, Azincourt conducted a helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and Magnetic survey in February 2019 over the southern portion of the East Preston Project to complete survey coverage over the entire 25,000+ hectare project area. The survey consisted of 498 line-km with 300 m line spacing and 1,000 m tie-line spacing – identical parameters to the previous VTEM™ Max survey, and ties directly into the previous flight lines oriented NW-SE, perpendicular to the NE-SW orientation of the regional structural and basement conductor trends at East Preston.

Geotech completed data processing and provided a merged dataset covering the entire East Preston project. In-depth interpretation has now been completed by Bingham Geoscience, geophysical consultants to Azincourt.

The detailed interpretation of the project-scale VTEM survey data has added an additional seven areas to the project target inventory and has confirmed the main A-conductor trend extends an additional five km southwest to the property edge.

Four of the new target areas (A7, A8, B4 & C1) display prospective structural offset breaks in the conductor trends with multiple, discreet conductors interpreted. Three new target areas (B5, B6 & E1) display single discreet conductors coincident with magnetic structures and offset breaks (see Figure 1).

All new target areas are considered prospective for basement-hosted unconformity uranium discovery and the expanded targets at East Preston will now be prioritized for continued exploration drill testing.

“We are very pleased with the results of the property-wide VTEM survey, results that have now substantially expanded our target inventory,” said Ted O’Connor, Director and Technical Advisor for East Preston. “I am most excited at the results along the A Conductor Corridor that extends across the entire central project area. This complex, linear, multi-conductor system hosts geologically prospective graphitic basement rocks with apparent structural upgrading and this system alone, has approximately 15 km strike length to test. The East Preston project is ideally situated immediately south of the Athabasca Basin edge, but entirely within 15-20 km of the present-day basin edge where basement-hosted unconformity uranium deposits, if present, can be preserved at present day erosion levels,” continued Mr. O’Connor.

“The goal of this geophysical survey was to see if we could add quality drill targets on the southern half of the property to our database, and we were able to do this in a significant way,” said president & CEO, Alex Klenman. “The entire project now has survey coverage, and even more target areas. East Preston continues to develop. We now have a strong inventory of drill targets over a very expansive footprint, in precisely the right geographical location for uranium discovery. With many predicting a potentially strong uranium market ahead, the East Preston project clearly positions Azincourt for growth,” continued Mr. Klenman.

Graphics accompanying this announcement are available at
globenewswire.com

globenewswire.com

About East Preston

Azincourt is currently earning towards 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources ( SYH.V), and Clean Commodities Corp ( CLE.V). Extensive regional exploration work at East Preston was completed in 2013-14, including airborne electromagnetic (VTEM), magnetic and radiometric surveys. Three prospective conductive, low magnetic signature corridors have been discovered on the property. The three distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.

The Company completed a winter geophysical exploration program in January-February 2018 that generated a significant amount of new drill targets within the previously untested corridors while refining additional targets near previous drilling along the Swoosh corridor.

Ground-truthing work confirmed the airborne conductive trends and more accurately located the conductor axes for future drill testing. The gravity survey identified areas along the conductors with a gravity low signature, which is often associated with alteration, fault/structural disruption and potentially, uranium mineralization. The combination/stacking of positive features has assisted in prioritizing targets.

The Main Grid shows multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments – classic targets for basement-hosted unconformity uranium deposits. These are not just simple basement conductors; they are clearly upgraded/enhanced prospectivity targets because of the structural complexity.

The targets are basement-hosted unconformity related uranium deposits similar to NexGen’s Arrow deposit and Cameco’s Eagle Point mine. East Preston is near the southern edge of the western Athabasca Basin, where targets are in a near surface environment without Athabasca sandstone cover – therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco’s Centennial deposit (Virgin River-Dufferin Lake trend).

Drilling commenced in March of 2019, testing the first few priority targets to depths between 150 and 200 meters. Results are pending and will be announced once received, reviewed and verified.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ted O’Connor, P.Geo. a director of the Company, as well as a qualified person.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

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From: The Barracuda™5/20/2019 3:37:14 PM
   of 18432
 
Interesting thread on the uranium carry trade


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From: LoneClone5/21/2019 7:46:21 PM
   of 18432
 
Blue Sky Uranium Expands Exploration Program at the Amarillo Grande Uranium-Vanadium Project

newswire.ca

Blue Sky Uranium Corp. May 16, 2019, 09:30 ET

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, May 16, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), "Blue Sky" or the "Company") is pleased to provide an update on current exploration and planned follow-up programs for the Company's wholly-owned Amarillo Grande Uranium-Vanadium Project in Rio Negro, Argentina ("AGP"). The AGP covers a 145 km prospective trend, including the Ivana deposit which demonstrated strong economic potential in a recent NI 43-101 Preliminary Economic Assessment ("PEA"; see News Release dated February 27, 2019).

Work to date has identified three high-priority target areas with significant anomalies of uranium and vanadium. The exploration program for the next six months, including RC drilling, is designed to systematically identify and delineate mineralization potentially extending the Ivana deposit to the west (Ivana West target). The program will also test targets in two other key areas, Ivana Central and Ivana North, within 25 kilometres of the deposit ( see Figure 1).

The program includes:

  • Auger drilling and down-hole radiometric measurements (currently in progress)
  • 6km-long Induced Polarization ("IP") geophysical survey (planned)
  • Up to 4,500 metres of reverse circulation ("RC") drilling (planned)
"Following on the heels of our successful PEA for the Ivana deposit, we are continuing exploration with confidence in the potential for discovery of additional deposits that will build value," stated Nikolaos Cacos, Blue Sky President & CEO. "Our team has made considerable advancements in exploration targeting and all of our results to date confirm significant uranium and vanadium anomalies to the west and north of the Ivana deposit, with additional prospects along the 145km-long exploration trend covered by the Amarillo Grande Project."

Program Details
On February 27th, 2019 the Company announced a PEA for the Ivana deposit, including an updated inferred mineral resource estimate of 22.7 million pounds of U308 and 11.5 million pounds of V2O5 (23.9 million tonnes averaging 0.037% U3O8 & 0.019% V2O5 at a 100 ppm uranium cut-off). The PEA concludes that the current mineral resources support 13 years of uranium and vanadium production from a surficial mining operation, with robust economics after modest capital outlay, but noted that there was still considerable potential to identify new resources to the west and north. The Company is therefore continuing exploration with a particular focus on shallow "blind" targets not exposed at surface.

Target Development
Pit sampling work completed to date, as well as past wide-spaced diamond drilling and ground radiometrics, has aided in the identification of shallow mineralized targets in the Ivana West, Ivana Central and Ivana North areas. Results from Ivana West, adjacent to the main deposit area, returned high grades of uranium and vanadium from pit sampling as reported in the Company's news releases dated November 15, 2018 and April 29, 2019. Pit sampling at the Ivana Central and North areas was completed as part of a 2011 exploration program which also returned high values of uranium (report by C.G. Verley, filed on www.sedar.com dated May 29th, 2012).

In 2013, Blue Sky's joint venture partner at the time, Areva S.A., drilled 11 core holes in the Ivana Central and North target areas totaling 2023.5 metres with depths ranging from 110 to 280 metres. Since the middle of 2018, Blue Sky's exploration team has been relogging, resampling and re-interpreting those holes and applying the in-house geological and exploration models that have been developed and refined as the Ivana deposit has been advanced. This work has identified two suites of pathfinder elements that the Company plans to employ as geochemical indicators to vector towards blind uranium deposits during the upcoming exploration program.

Auger Program
A program comprising 321 new auger holes is ongoing and designed to refine targets for RC drilling ( see Figure 1). A total of 152 auger holes have been completed since the beginning of 2018 (133 at the Ivana deposit/West and 19 at Ivana Central) totalling 644 metres with an average depth of 4.3 metres. This method is being applied in areas with weak or no superficial radiometric anomalies that have potential for blind uranium deposits and where the basement rock is considered too deep for pit-sampling. The auger holes are drilled to approximately 10 metres in depth, after which the open hole is surveyed with a down-hole radiometric probe; areas with elevated radiometrics are being prioritized for RC drill testing. Prior to the start of the current auger program, the Company conducted augering in a number of areas on the Ivana property, including the Ivana deposit area, Ivana Central and Ivana North (Figure 1). Radiometric probe results from auger holes were partially responsible for the discovery of the Ivana deposit and in some cases have delineated strong near-surface anomalies requiring follow-up RC drilling (see report by C.G. Verley, filed on www.sedar.com dated May 29th, 2012 for discussion of pre-2017 auger drilling).

Planned Geophysics Program
To further refine drill targets with the potential for blind uranium deposits the exploration team has planned a 6-km long IP geophysical survey over the Ivana Central and North targets. Disseminated pyrite associated with uranium-vanadium mineralization was initially detected by an IP survey at the Ivana deposit, and confirmed with the following RC drill program. Therefore, chargeability anomalies related to disseminated pyrite may be a useful indirect indicator to identify additional zones of buried uranium-vanadium mineralization.

Planned RC Program
The planned RC drilling program will be executed in two stages totalling approximately 4,500 metres. Stage 1 will be focussed on the Ivana West target, comprising the potential western extension of the Ivana deposit, as well as testing surficial uranium-vanadium anomalies, open to depth auger-detected anomalies and airborne/surface survey radiometric anomalies at the Ivana North and Central targets. The focus of Stage 2 drilling will be defined based on results from Stage 1 and will prioritize areas with the most potential for delineation of additional mineral resources.

The entire geophysics and RC drilling programs are expected to take approximately six months; both are contingent on the Company raising additional funds.

Qualified Persons
The results of the Company's exploration program were reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.

About the Amarillo Grande Project
The Company's 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the Project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed. Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading. The PEA demonstrates robust economics for a surficial mining operation of the Ivana deposit, with 13 years of uranium and vanadium production.

The Project includes several other target areas over a regional trend, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas for which a central processing facility could consolidate production.

For additional details on the project and properties, please see the Company's website.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

SOURCE Blue Sky Uranium Corp.

For further information: Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email: info@blueskyuranium.com

Related Links www.blueskyuranium.com

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From: LoneClone5/23/2019 12:44:28 PM
   of 18432
 
Fission 3.0 Targets Large, Shallow Geophysics Anomaly at Cree Bay in Athabasca Basin


First pass drill program to focus on 1.2km area of interest along Virgin River Shear Zone in NE Athabasca Basin

newswire.ca

Fission 3.0 Corp. May 23, 2019, 03:00 ET

TSX VENTURE SYMBOL: FUU

KELOWNA, BC, May 23, 2019 /CNW/ - FISSION 3.0 CORP. ("Fission 3" or "the Company") is pleased to announce a three-hole (1,225m) drill program at its Cree Bay property, located in the northeast area of Canada's Athabasca Basin. The program is budgeted at $500,000 and is expected to take 2.5 weeks to complete, commencing during the last week of May. The property is located along the SW-NE trending Virgin River Shear Zone, which is host to the historic past producing Nisto uranium deposit located ~7km along strike to the northeast. Drilling will focus on the strongest areas of a localized 1.2km geophysics resistivity low anomaly coincident with the Virgin River shear zone conductive trend located in the north east of the property.

High-grade unconformity uranium occurrences in the Athabasca Basin are often formed where mineralized fluids that have traveled along reactivated basement faults intersect with the overlying sandstone. Such systems often produce hydrothermal alteration along the fault corridors and these alteration halos can plume upwards into the sandstone. These alteration features may be detected by DC resistivity geophysics surveys as resistivity lows within a conductive trend, such as the anomaly that the Company's Cree Bay drill program will be targeting.

News Highlights

  • Summer Program to Commence during the last week of May 2019: Site preparations already underway for three-hole (1,225m) program
  • All Holes to Focus on Large, Prospective Target: A 1.2km resistivity anomaly was identified by Fission 3 during recent ground geophysics surveys. Two core holes will test the primary intense part of anomaly on line 2700N and a third hole is planned 600m to the southwest to test the secondary moderate part of the resistivity anomaly on line 2100N
Ross McElroy, COO, and Chief Geologist for Fission, commented,

"We are looking forward to commencing our drill program at Cree Bay. This is an attractive property with a primary drill target of significant size, and it is located just 10km from the past-producing Nisto uranium mine. The program is the latest element of Fission 3's ongoing exploration across its large portfolio in Canada's Athabasca Basin – a region which hosts the highest-grade uranium deposits in the world."

Cree Bay – Location and Geophysics Survey Details: The Cree Bay property, located 20km south of the town of Stony Rapids, consists of 16 claims totaling 14,080 ha and sits on the inside edge of the north-eastern Athabasca Basin. The property is located along the major SW-NE trending Virgin River Shear Zone. Locally the conductive corridor is bound by the Black Lake Fault to the north and East Channel Fault to the south. The historic Nisto uranium mine, is located ~7km to the northeast of the property boundary, along the Black Lake fault.

In 2017, Fission 3 completed a ground DC resistivity geophysics survey over the northeast end of a historic airborne Electromagnetic (EM) anomaly located in the northeast part of the property. This anomaly is situated within the Virgin River Conductive Corridor, where the Athabasca Sandstone cover is estimated to have a thickness of just over 200m. The ground resistivity survey identified an associated resistivity anomaly in the lower sandstone that was open to the south and that was interpreted to indicate a possible alteration system. In March to April 2019, Fission 3 carried out a 27-line km ground DC Resistivity Survey. The goal was to close off and fully define the resistivity anomaly identified in 2017, as such alteration systems are known to accompany unconformity-type uranium mineralization.

The Resistivity Surveys have defined a resistivity low anomaly in the lower part of the Athabasca Sandstone along a strike length of ~1.2km. Two 3km-long lines of moving loop Time Domain Electromagnetic (TDEM) were completed over the most intense parts of the resistivity anomaly, over a 900m strike length between Line 2700N and Line 1800N. The TDEM survey identified basement conductors adjacent to the resistivity low which may indicate reactivated structural faulting, and which have the potential to provide pathways for uranium mineralizing fluids. Cross-faulting is also interpreted near Line 2700N.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.

About Fission 3.0 Corp.

Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FUU."

ON BEHALF OF THE BOARD

"Ross McElroy"

Ross McElroy, COO

Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Fission 3.0 Corp.

For further information: Investor Relations, Ph: 778-484-8030, TF: 844-484-8030, ir@fission3corp.com, www.fission3corp.com


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From: The Barracuda™5/23/2019 2:04:47 PM
   of 18432
 
Another buyer of physical uranium


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From: The Barracuda™5/23/2019 10:19:08 PM
   of 18432
 
I bought some more uraniums today ( DML & NXE & GXU) and am having this fantasy again.

A nice house in S,F.

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From: The Barracuda™5/26/2019 4:19:39 PM
   of 18432
 
Uranium demand increasing

From memory but I believe each new reactor requires about 3,000,000 lbs at initial fueling


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From: LoneClone5/29/2019 2:29:02 PM
   of 18432
 
CanAlaska to Drill West McArthur Uranium Target

June-September program targets high-grade uranium

ca.finance.yahoo.com

NewsfileMay 28, 2019

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2019) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to report that drill and camp contracts have been awarded for the summer drill program at the West McArthur uranium project. The program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure. Two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the projection of the C10 horizon and near the unconformity contact. CanAlaska believes the controlling structure of this high-grade mineralization has yet to be intersected in drilling.

The summer drill program is being operated by CanAlaska, and follows on the three-year target definition by Cameco's drill team. The ten holes drilled along a 1.6 kilometre (one mile) long stretch of Grid 5 included three significant uranium mineralized drill holes. See figure 1.



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Figure 1
To view an enhanced version of this graphic, please visit:
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The wide spaced drilling also mapped an extensive zone of intense fluid alteration extending into the sandstone above the unconformity with basement rocks. The alteration rises 700 metres above the unconformity and is marked by broad halos of uranium, boron, arsenic and accompanying base metals, typical environments of major uranium deposits in the Athabasca Basin. The alteration and geochemical influx are associated with steep faults observed in the drill holes within the sandstone.

The first objective of the drill program by CanAlaska is to locate the mineralized fault structure(s), believed to be very close to drill holes WMA 42 and 42a see figure 2, and further detail at www.canalaska.com.


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Figure 2
To view an enhanced version of Figure 2, please visit:
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The targets for exploration are where the mineralized structures intersect the C10 horizon, which is one of three key graphitic horizons in the rocks below the unconformity. Flexures (major structure bends) along graphitic horizons are key areas to look for uranium mineralization and uranium deposits. Mineralized targets at West McArthur are associated with this flexure event, where structural complexity likely occurs.

CanAlaska President Peter Dasler comments, "The extent of the mineralization and in multiple areas over 1.6 kilometres (one mile) provides the scenario for a "Tier One" mineralizing event similar to the nearby world class McArthur River and Cigar Lake mines. We are fully financed to carry out the work program. This is truly a break-out discovery opportunity for CanAlaska."

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 152,000 hectares (375,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr Karl Schimann, P. Geo, CanAlaska director and VP Exploration.

On behalf of the Board of Directors

"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.

Contacts:

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Cory Belyk, COO
Tel: +1.604.688.3211 x 138
Email: cbelyk@canalaska.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit newsfilecorp.com

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To: LoneClone who wrote (18186)5/29/2019 2:47:46 PM
From: LoneClone
   of 18432
 
NexGen Intersects High-Grade Mineralization in all Twenty A2 and A3 Targets from the 2019 Feasibility Stage Drilling Program

newswire.ca

NexGen Energy Ltd. May 28, 2019, 06:30 ET




Figure 1: Arrow Deposit Drill Hole Locations



Figure 2: A2 and A3 Indicated Shells with Mine Schematic and Drill Hole Traces

VANCOUVER, May 28, 2019 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity for an additional twenty holes comprising 7,969.5 m from the Company's Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan.

Objective I: Conversion of Indicated Mineral Resources to Measured Category

This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m. The target spacing incorporates the results of a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions based on 189 drill holes, totaling 121,923.15 m, which forms the basis of the Indicated Mineral Resource of 256.6 M lbs at 4.04 % U3O8. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology.

Highlights:

A2 High-Grade Domains and Sub-zone

  • AR-19-229c2 intersected 46.5 m of total composite mineralization including 12.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 86.0 m section (602.0 to 688.0 m);

  • AR-19-229c4 intersected 39.0 m of total composite mineralization including 8.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (578.0 to 666.0 m);

  • AR-19-230c3 intersected 30.5 m of total composite mineralization including 7.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (564.0 to 657.0 m). Additionally, of the 7.55 m of off-scale mineralization intersected in the hole, 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;

  • AR-19-235c1 intersected 43.0 m of total composite mineralization including 7.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (517.0 to 610.0 m). Additionally, of the 7.15 m of off-scale mineralization intersected in the hole, 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;

  • AR-19-236c2 intersected 26.0 m of total composite mineralization including 6.35 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (579.0 to 668.0 m.
A3 High-Grade Domains

  • AR-19-231c2 intersected 48.0 m of total composite mineralization including 5.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 102.0 m section (469.0 to 571.0 m);

  • AR-19-232c3 intersected 26.0 m of total composite mineralization including 5.1 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (560.0 to 649.0 m).
Drill hole locations and schematics are shown in Figures 1 to 2, drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Permitting, Appointments, Activities & Financial

  • Expediting Arrow to Feasibility by a 2-stage (10 rig) high density drilling program focused on mine optimization plans based on Measured and Indicated mineral resources.

  • As reported on April 29, 2019, NexGen received acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("MOE"). The acceptance marked the commencement of an Environmental Assessment ("EA") on the Rook I Project (the "Project") in accordance with the requirements of both The Environmental Assessment Act (Province of Saskatchewan) and the Canadian Environmental Assessment Act, 2012 "CEAA 2012" (Government of Canada). The EA is being conducted through a coordinated process between the MOE and the CNSC, which is the Federal life-cycle regulator for all uranium mine and mill projects in Canada. In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.

  • The Company also announces the appointments of Gillian McCombie, Vice President Human Resources and Arthur Lieu, MSc., P.Eng., Vice President Processing and Metallurgy. Gillian brings over 25 years of experience in human resources in the international mining and telecommunications sectors. Gillian most recently as Vice President Human Resources at Capstone Mining and prior to that with Telus and Placer Dome. Arthur joins NexGen having spent 20 years in mine processing and metallurgy. Most recently, he was the Chief Metallurgist at Cameco's Rabbit Lake mill and Orano's McClean Lake mill. Arthur holds a Bachelor of Science degree in Chemical Engineering and a Master of Science degree in Geochemistry, with a focus on source-term characteristic of uranium waste rock piles at Cameco Key Lake uranium mine. Mr. Lieu is also trained in Lean Six Sigma Black Belt process improvement and optimization. Mr. Lieu is a registered Professional Engineer (P. Eng) with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS).

  • The Company had cash-on-hand of approximately $90 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Leigh Curyer, Chief Executive Officer, commented: "These continuing high grade results received from sections of the ore body focused on the mine plan, highlight the extraordinary high grade and robustness of Arrow. In parallel, the Feasibility-stage engineering, metallurgical and environmental studies are all advancing extremely well, together with permitting and our community programs. I would like to take the opportunity to also welcome Arthur and Gill to the dedicated NexGen team. Two highly experienced and successful professionals in their respective fields joining NexGen at an incredibly exciting time as we begin to see positive signs emerging in the uranium market."

Troy Boisjoli, Vice-President, Operations and Project Development, commented: "The continuity of mineralization within the high-grade core of Arrow is remarkable and these results highlight the technical advantages at the Arrow Deposit: mineralization hosted within stacked shear system (allowing holes to intersect multiple targets with one drill hole, minimizing total meterage), stable crystalline basement host rock, and extremely high-grades. These high grade results in all twenty holes will be incorporated into an updated Mineral Resource Estimate which will form the basis of the Feasibility Study, scheduled for release in H1 2020."

Table 1: Arrow Deposit Drill Hole Data



Drill Hole

Athabasca Group - Basement
Unconformity Depth (m)


Handheld Scintillometer Results (RS-120)

Hole ID

Azimuth

Dip

Total
Depth (m)



From
(m)


To
(m)


Width
(m)


CPS Range

AR-19-225c3

327

-65

283

N/A

452.5

454

1.5

<500 - 46000






481

481.5

0.5

<500 - 800






488

490

2

<500 - 700






494.5

498

3.5

<500 - 1050






501

501.5

0.5

<500 - 1200






586.5

602

15.5

<500 - 61000






610

610.5

0.5

<500 - 550






615.5

618.5

3

<500 - 1800

AR-19-229c1

327

-65

693

132.8

473

475

2

<500 - 1200






480.5

481

0.5

<500 - 600






488.5

489

0.5

1000 - 13000






495

495.5

0.5

<500 - 1240






501

502

1

<500 - 41500






504.5

509

4.5

<500 - 20200






511.5

513

1.5

<500 - 4000






516.5

520

3.5

<500 - 19800






522.5

533

10.5

<500 - 61000






535.5

538.5

3

<500 - 49000






543.5

546.5

3

<500 - 61000






549.5

550

0.5

1230 - 61000






570

570.5

0.5

<500 - 540






628.5

634

5.5

<500 - 61000






638

638.5

0.5

<500 - 610






642

645.5

3.5

<500 - 61000






651

675.5

24.5

<500 - 61000

AR-19-229c2

327

-65

309

N/A

494.5

495

0.5

<500 - 700






500.5

501

0.5

<500 - 2150






505

505.5

0.5

<500 - 680






508

508.5

0.5

<500 - 31000






514

514.5

0.5

<500 - 9400






517.5

519

1.5

<500 - 6000






524.5

525.5

1

<500 - 4000






530

536.5

6.5

<500 - 8590






541.5

542.5

1

580 - 52500






545

545.5

0.5

<500 - 3200






550.5

562.5

12

<500 - 61000






574.5

577

2.5

<500 - 2000






625

671.5

46.5

<500 - 61000

AR-19-229c3

327

-65

240

N/A

494.5

496

1.5

<500 - 14900






502

503

1

<500 - 53300






506.5

507.5

1

<500 - 19500






510

510.5

0.5

<500 - 800






513.5

514

0.5

<500 - 1100






517

518

1

<500 - 12100






522

524.5

2.5

<500 - 2800






529

531

2

<500 - 32600






539.5

541.5

2

<500 - 14100






544.5

549.5

5

<500 - 47900






558

561

3

<500 - 61000






563.5

565

1.5

<500 - 14000






571

573

2

<500 - 2100






579

586

7

<500 - 1500






592.5

594.5

2

<500 - 610






629.5

645.5

16

<500 - 61000






648

651.5

3.5

<500 - 4400






654

680

26

<500 - 61000






683

683.5

0.5

<500 - 1350






705

707

2

<500 - 930






711.5

718

6.5

<500 - 1300

AR-19-229c4

327

-65

465

N/A

404

405.5

1.5

<500 - 600






415.5

416

0.5

<500 - 820






464

466

2

<500 - 3150






471.5

472.5

1

<500 - 2300






480

486.5

6.5

<500 - 61000






489

489.5

0.5

<500 - 1300






494

499

5

<500 - 18600






501.5

505

3.5

<500 - 32000






508.5

510.5

2

<500 - 43000






516.5

531.5

15

<500 - 39000






613.5

652.5

39

<500 - 61000

AR-19-230c1

327

-65

651.5

128.35

499

499.5

0.5

<500 - 4800






502

502.5

0.5

<500 - 1200






515.5

522

6.5

<500 - 3200






524.5

532.5

8

<500 - 1700






566

566.5

0.5

<500 - 550






571

572

1

<500 - 1300






577

598.5

21.5

<500 - 61000






603

605.5

2.5

<500 - 1200






608

608.5

0.5

<500 - 1650






611

611.5

0.5

<500 - 1160






622

628.5

6.5

<500 - 1800






631.5

632

0.5

<500 - 6600

AR-19-230c2

327

-65

252.5

N/A

484

484.5

0.5

<500 - 750






496.5

501

4.5

<500 - 50200






522.5

523

0.5

<500 - 575






552

556.5

4.5

<500 - 740






559

563

4

<500 - 1400






570.5

572

1.5

<500 - 620






586

609.5

23.5

<500 - 61000






613.5

614.5

1

<500 - 3200






617

618

1

<500 - 750






621.5

630

8.5

<500 - 15600






636

636.5

0.5

<500 - 970

AR-19-230c3

327

-65

234

N/A

458

458.5

0.5

<500 - 1030






461.5

463.5

2

<500 - 820






474.5

475

0.5

<500 - 680






487

487.5

0.5

<500 - 910






504

504.5

0.5

<500 - 1030






521.5

524

2.5

<500 - 730






561.5

562.5

1

<500 - 1310






567.5

568

0.5

<500 - 510






592

614.5

22.5

<500 - 61000






619.5

623.5

4

<500 - 1280






626.5

628.5

2

<500 - 14500






654.5

655

0.5

<500 - 540

AR-19-231c1

327

-65

564.5

138

466

470.5

4.5

<500 - 14000






487.5

488

0.5

<500 - 500






497

505

8

<500 - 46000






510.5

511

0.5

<500 - 900






515.5

528

12.5

<500 - 58000

AR-19-231c2

327

-65

222.5

N/A

467.5

472.5

5

<500 - 38000






480.5

481

0.5

500 - 7500






485

488

3

<500 - 2700






491

493.5

2.5

<500 - 3100






498.5

499

0.5

500 - 6200






505.5

546.5

41

<500 - 61000






555

555.5

0.5

<500 - 770

AR-19-231c3

327

-65

261.5

N/A

505.5

506

0.5

<500 - 2100






509

523.5

14.5

<500 - 61000






527

528

1

<500 - 650






535.5

557

21.5

<500 - 61000






559.5

560.5

1

<500 - 1400






567.5

568

0.5

<500 - 560






571

571.5

0.5

<500 - 1100

AR-19-232c1

327

-65

642.5

138.8

211.5

212

0.5

<500 - 650






477.5

481.5

4

<500 - 2200






485.5

486.5

1

<500 - 600






493

494

1

<500 - 1700






506.5

507.5

1

<500 - 1450






517

520

3

<500 - 12000






534

537

3

<500 - 24000






544

544.5

0.5

2200 - 51000






548

552

4

<500 - 5300






563.5

565

1.5

<500 - 44000






568

570

2

<500 - 5700






574

574.5

0.5

<500 - 1800






577

577.5

0.5

<500 - 680






580.5

598

17.5

<500 - 23000






601

604

3

<500 - 3600






607.5

609.5

2

<500 - 1200

AR-19-232c2

327

-65

278.5

N/A

454.5

458

3.5

<500 - 2100






486

486.5

0.5

<500 - 660






492

495

3

<500 - 960






516

518.5

2.5

<500 - 7500






531.5

534.5

3

<500 - 14100






539.5

540

0.5

<500 - 5700






550

553

3

<500 - 61000






556

556.5

0.5

<500 - 1350






560.5

564

3.5

<500 - 39000






571

571.5

0.5

<500 - 720






574.5

594

19.5

<500 - 14200






599.5

600

0.5

<500 - 860

AR-19-232c3

327

-65

294.5

N/A

473

473.5

0.5

<500 - 620






483.5

484

0.5

<500 - 840






492

493.5

1.5

<500 - 2100






504.5

505.5

1

<500 - 960






519.5

520

0.5

<500 - 600






530

531.5

1.5

<500 - 31000






552

560.5

8.5

<500 - 61000






563

569.5

6.5

<500 - 17200






572

575.5

3.5

<500 - 15700






580.5

581

0.5

<500 - 690






589

592

3

<500 - 54600






599

599.5

0.5

<500 - 840






606

617.5

11.5

<500 - 61000






620

620.5

0.5

<500 - 1900

AR-19-233c3

327

-65

276.5

N/A

451

456.5

5.5

<500 - 980






459

466

7

<500 - 1500






468.5

469

0.5

<500 - 550






483

490

7

<500 - 43700






498.5

510.5

12

<500 - 17200






514

517.5

3.5

<500 - 1700






520.5

523.5

3

<500 - 3200






536.5

540

3.5

<500 - 1600






542.5

543

0.5

<500 - 600

AR-19-234c1

327

-65

522

127.5

472

491

19

<500 - 61000

AR-19-234c2

327

-65

177

N/A

471.5

503.5

32

<500 - 61000

AR-19-235c1

327

-65

620

132.7

425.5

427

1.5

<500 - 950






440.5

441.5

1

<500 - 4500






452.5

453.5

1

<500 - 660






456.5

462

5.5

<500 - 1300






478.5

479

0.5

<500 - 1400






492.5

509.5

17

<500 - 4500






526

526.5

0.5

<500 - 1200






534

534.5

0.5

<500 - 520






547.5

548

0.5

<500 - 510






563

585

22

<500 - 61000






588.5

590.5

2

<500 - 36000






605.5

606

0.5

<500 - 550

AR-19-236c1

327

-65

660.5

133.95

465

466.5

1.5

<500 - 17500






478.5

479

0.5

<500 - 510






500.5

501

0.5

<500 - 2200






503.5

504

0.5

<500 - 1060






515.5

521.5

6

<500 - 27500






525

525.5

0.5

510 - 1050






529.5

530

0.5

<500 - 630






586.5

587

0.5

<500 - 530






597

597.5

0.5

<500 - 780






600.5

619.5

19

<500 - 61000






624

624.5

0.5

<500 - 850






628.5

629.5

1

<500 - 1200






633.5

634

0.5

<500 - 760






637.5

642

4.5

<500 - 1650






660

660.5

0.5

<500 - 1070

AR-19-236c2

327

-65

321.5

N/A

457

457.5

0.5

<500 - 5000






465

465.5

0.5

<500 - 1170






468.5

469

0.5

<500 - 2650






472.5

474

1.5

<500 - 1300






478

478.5

0.5

<500 - 510






486.5

487.5

1

<500 - 3330






494

494.5

0.5

<500 - 1100






497

497.5

0.5

<500 - 710






502

502.5

0.5

<500 - 1330






509

519

10

<500 - 3770






522.5

530

7.5

<500 - 8900






573

573.5

0.5

<500 - 520






588

589

1

<500 - 610






600

601

1

<500 - 800






608.5

609

0.5

<500 - 510






613

617.5

4.5

<500 - 61000






621

629.5

8.5

<500 - 61000






639

642

3

<500 - 5700






645

650.5

5.5

<500 - 7700






653.5

654

0.5

<500 - 510






669.5

671

1.5

<500 - 5200




Parameters:

  • Maximum internal dilution 2.00 m downhole
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined
  • "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • Where "Min cps" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
  • Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101").

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR ( www.sedar.com) and EDGAR ( www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website ( www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled "Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com and EDGAR ( www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy's website ( www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, nexgenenergy.ca

Related Links nexgenenergy.ca

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From: The Barracuda™5/30/2019 3:03:46 PM
   of 18432
 
How much interest in uranium? Answer, NONE!!


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