Labrador Uranium Declares Administration Change

Labrador Uranium Inc. (“LUR”, “Labrador Uranium”, or “the Firm”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) declares that efficient January 1, 2023, Stephen Keith has stepped down from his function as Chief Government Officer of the Firm and Philip Williams, Government Chairman has assumed the function of Interim Chief Government Officer. LUR’s Board of Administrators intends to start a complete search course of to establish a everlasting Chief Government Officer.

Philip Williams, Government Chairman, and Interim CEO of LUR commented, “On behalf of the Labrador Uranium crew, I wish to thank Stephen for his contribution to the Firm and want him nicely in his future endeavours.”

Mr. Williams continued, “Though my function as CEO is on an interim foundation, till the proper candidate to interchange Stephen is recognized, I take the place enthusiastically recognizing the large alternative LUR has to each confirm the historic uranium and vanadium mineral assets on the undertaking in addition to to doubtlessly make new discoveries. This mixture of historic in floor mineral assets with district scale exploration potential, in my thoughts, units LUR other than its peer group however is just not at present totally appreciated by the market. Below Stephen’s management, LUR grew in a brief time period, from an concept to a listed firm that attracted an skilled and proficient technical crew, all of whom stay in place, and executed on an formidable 2022 area program. The Firm is nicely funded for its 2023 exploration program which is able to construct on the outcomes from final 12 months in addition to leverage the large quantity of data-accumulated on the very massive undertaking space.”

About Labrador Uranium Inc.

Labrador Uranium is engaged within the exploration and growth of uranium tasks in Labrador, Canada and holds a dominant land place with 52 Mineral Licences overlaying 152,825 ha within the prolific Central Mineral Belt (“CMB”) in central Labrador and the Notakwanon Undertaking in northern Labrador. At present, the Firm is advancing the district scale CMB Undertaking which incorporates the Moran Lake Deposit and Mustang Lake Undertaking. The CMB Undertaking space surrounds a number of identified uranium prospects, together with Paladin Vitality’s Michelin deposit, with substantial previous exploration work accomplished, and quite a few occurrences of uranium, copper and IOCG model mineralization.

For Extra Data, Please Contact:

Philip Williams
Government Chairman and Interim CEO

Investor Relations
Toll-Free: 1-833-572-2333
Electronic mail: [email protected]

Web site: www.labradoruranium.com
Twitter: @LabradorUr
LinkedIn: https://www.linkedin.com/firm/labrador-uranium-inc/

Cautionary Assertion Relating to “Ahead-Trying” Data

This information launch comprises “forward-looking info” inside the which means of relevant Canadian securities legal guidelines. Ahead-looking info consists of, however is just not restricted to, potential mineralization, exploration actions and deliberate future exploration actions, and different actions, occasions or developments which are anticipated, anticipated or might happen sooner or later. Typically, however not all the time, forward-looking info and statements may be recognized by means of phrases akin to “plans”, “expects”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the damaging connotation thereof or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “will likely be taken”, “happen” or “be achieved” or the damaging connotation thereof.

Ahead-looking info and statements are based mostly on our present expectations, beliefs, assumptions, estimates and forecasts about LUR’s enterprise and the trade and markets wherein it operates. Such ahead info and statements are based mostly on quite a few assumptions, together with amongst others, that common enterprise and financial situations is not going to change in a fabric hostile method, that places of historic mineral assets estimates might result in new mineralization discoveries and doubtlessly be verified as present mineral useful resource estimates, that financing will likely be accessible if and when wanted and on affordable phrases to conduct additional exploration and operational actions, and that third occasion contractors, tools and provides and governmental and different approvals required to conduct the Firm’s deliberate exploration actions will likely be accessible on affordable phrases and in a well timed method. Though the assumptions made by LUR in offering forward-looking info or making forward-looking statements are thought of affordable by administration on the time, there may be no assurance that such assumptions will show to be correct.

Ahead-looking info and statements additionally contain identified and unknown dangers and uncertainties and different elements, which can trigger precise outcomes, performances and achievements of Labrador Uranium to vary materially from any projections of outcomes, performances and achievements of Labrador Uranium expressed or implied by such forward-looking info or statements, together with, amongst others: restricted working historical past, damaging working money circulate and dependence on third occasion financing, uncertainty of further financing, delays or failure to acquire required permits and regulatory approvals, no identified mineral assets/reserves, aboriginal title and session points, reliance on key administration and different personnel; potential downturns in financial situations; availability of third occasion contractors; availability of apparatus and provides; failure of apparatus to function as anticipated; accidents, results of climate and different pure phenomena and different dangers related to the mineral exploration trade; adjustments in legal guidelines and regulation, competitors, and uninsurable dangers, neighborhood relations, delays in acquiring governmental or different approvals and the danger elements with respect to Labrador Uranium set out in LUR’s itemizing assertion dated March 2, 2022 filed with the Canadian securities regulators and accessible beneath LUR’s profile on SEDAR at www.sedar.com.

Though LUR has tried to establish vital elements that might trigger precise actions, occasions or outcomes to vary materially from these contained within the forward-looking info or implied by forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that forward-looking info and statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated, estimated or meant. Accordingly, readers mustn’t place undue reliance on forward-looking statements or info. LUR undertakes no obligation to replace or reissue forward-looking info on account of new info or occasions besides as required by relevant securities legal guidelines.

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