Labrador Uranium Announces Transformational Acquisition of Angilak Property, Creating a Premier Canadian Uranium Company

TORONTO, March 13, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ Labrador Uranium ”, “ LUR ” or the “ Company ”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that today it entered into an arm’s length definitive agreement (the “ Arrangement Agreement ”) with ValOre Metals Corp. ( “ValOre ”) pursuant to which LUR will acquire ValOre’s Angilak Property located in Nunavut Territory, Canada (the “ Angilak Property ”), all by way of a court-approved plan of arrangement (the “ Arrangement ”). LUR is also pleased to announce that Mr. John Jentz is expected to join LUR as Chief Executive Officer and Director of the Company, and that two additional Directors appointed by ValOre, including Jim Paterson, ValOre’s Chairman and Chief Executive Officer, will be nominated for election to the Board of Directors at the Company’s next annual general meeting.

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