Blast Resources Announces Exploration Results at Its Flagship Wales Lake Project in the Athabasca Basin Region, Saskatchewan

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Key Highlights: Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Blast Resources Inc. (CSE: BLST) (FSE: O0E) (OTCQB: BLSRF) ("Blast" or the "Company") is pleased to summarize results of exploration programs ly completed on 3 groups of claims in the southwestern Athabasca Basin region, northern Saskatchewan. Casey Forward, Chief Executive Officer & Director of the Company, commented, "We are very excited to announce the results of our exploration program at the Wales Lake Uranium Project. Having identified five targets for further exploration through a high resolution airborne magnetic survey, we have clear direction on which areas of the Project we should evaluate next. Looking ahead, we're eager to further value for our shareholders as we continue to drive exploration advancement at the Project." In December 2024, a high resolution airborne magnetic survey was flown over the Britt Lake, the Brazier South and North Agar claims collectively referred to as the "Wales Lake Project". Five targets are selected for further investigation, based on magnetic lineaments and regional uranium/thorium anomalies. Figure 1: Priority Targets at Wales Lake To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11914/303832_ae190bc28492e84d_001full.jpg There are two structural trends, oriented NNW-SSE and NW-SE identified in the project area, likely representing the main tectonic fabric of the Taltson Domain locally. On a regional scale, folding in the Taltson is along a NE-SW axis, identified by magnetic stratigraphic markers. The Wales Lake project is apparently at the closure of a regional fold axis which trends NE-SW. Figure 2: Wales Lake Project Geology Map  To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11914/303832_ae190bc28492e84d_002full.jpg The two major structural elements are noteworthy: a structural corridor, oriented NNW-SSE which disrupts the magnetic stratigraphy and is magnetite-destructive, possibly indicative of alteration; and a tectonic break, oriented NW-SE which appears to be a boundary between basement lithologies. The geological exploration model is designed to test conductors and primarily fault-controlled basement-hosted mineralization such as Rabbit Lake (Eldorado), and Arrow (NexGen Energy) and Triple R (Paladin) occurrence...

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