Short Term Trading Week Starting: 15 Jan, page-24

STTCOMP GTR TA LONG

Market Cap $26.65 million

Share Price $0.013

SoI 2.05 billion

Overview

GTI Energy Ltd is engaged in the defining and exploration of economic Insitu Recovery Uranium resources. It operates in two segments: Exploration - Utah Project, Exploration - Wyoming/Colorado Project.

GTI Energy Ltd (GTI or Company) is pleased to advise that the initial drilling program has been

completed at its 100% owned Lo Herma ISR Uranium Project (Lo Herma), located in Wyoming’s

prolific Powder River Basin (Figures 1 & 2). Twenty-six (26) drill holes were advanced, totalling

4,250m (14,000 ft), with operations finalised on 11 December 2023.

This initial drill program successfully validated the historical data package, used in preparing the

Mineral Resource Estimate (MRE) for Lo Herma, through comparative analysis of stratigraphy &

mineralised intercepts from new drill holes collocated with historical drill holes. Additional drill

hole locations tested extensions of known mineralised trends and informed on redox conditions

across several host sands to help refine and develop an expanded drill program planned at Lo

Herma for 2024. These exploration holes confirmed the previously interpreted exploration

potential at Lo Herma.

In addition, the Lo Herma land package was expanded through staking of 28 additional claims in

December to cover extensions of interpreted trends as defined by the acquired historical data

package. The historical data package includes several drill holes within the 28 new claims which

contain mineralisation in a deeper Fort Union formation host sand. GTI is currently evaluating how

the new claims and data impact the exploration target for the property and 2024 drill plans.

GTI Executive Director & CEO Bruce Lane commented “We are very pleased that initial drilling

has successfully verified the large body of historical data used to prepare the Lo Herma JORC

inferred resource. In addition, the drilling confirmed exploration potential along trend in the

Wasatch formation and at depth in the Fort Union formation. The program was completed on time

& budget with the data generated to be used to refine follow-up drilling in 2024. The drilling in

2024 is expected to upgrade the category of portions of the mineral resource & ultimately support

a preliminary economic assessment for the project.

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