Labrador Uranium Commences Drilling at Moran Lake and Announces Corporate Update

TORONTO, July 18, 2022 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ LUR ” or “ Labrador Uranium ”) (CSE: LUR, OTCQB: LURAF and F:EI1) is pleased to announce the commencement of a minimum 4,000 metre summer drill program at the Moran Lake Deposit (the “Moran Lake Deposit”) and reconnaissance-style exploration and follow-up for priority areas within LUR’s larger Central Mineral Belt Project (the “CMB Project”), where LUR holds 139,000 ha of mineral rights. The CMB Project is 100% owned and operated by LUR.

Highlights: Camp construction is near completion and the field crew is preparing for mobilization.

Phase 1 exploration includes an inaugural exploration budget of $5.5 million.

Drilling will commence initially at the Moran Lake Deposit (Figure 1 and 2) to delineate a current mineral resource estimate based on historical data, with a view to extending the mineralization downdip in its southern extent of the current mineralized zone, […]

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