Stallion Uranium Recommences Drilling at Moonlite Project

About this update from Stallion Uranium Corp.

Stallion Uranium Recommences Drilling at Moonlite Project VANCOUVER, British Columbia, April 28, 2026 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) Stallion Uranium is pleased to announce the successful recommencement of drilling operations at its Moonlite Project in the Athabasca Basin, northern Saskatchewan, and to provide shareholders with an update on the April 1, 2026 incident. Drilling Update: Drilling has now recommenced at the Moonlite Project. To date, the Company has completed approximately 1,900 metres of the planned 4,000-metre Phase 1 diamond drill program. Every drill hole completed so far has intersected significant alteration and structure. Drill Hole IDEasting (m)Northing (m)Elevation (m ASL)Dip (°)Azimut (°)EOH (m)StatusML26-0016667916389215510.9-75075.0LostML26-001A6667916389215510.9-800677.0CompletedML26-0026644206389084538.0-75077.0LostML26-002A6644206389084538.0-770618.8LostML26-0036666916389226511.0-770-Ongoing         *Drill holes ML26-001 and ML26-002 were lost due to poor rock conditions*Drill hole ML26-002A was lost due to the incident that occurred on April 1, 2026 The first completed drill hole (ML26-001A) successfully intersected multiple fault zones in both the sandstone and basement rocks. This included two wide fault zones (approximately 66 to 109 metres) in the sandstone exhibiting strong quartz dissolution, brecciation, and broken core. In the basement, a significant graphitic fault zone was encountered, associated with strong to locally massive clay alteration. This zone is interpreted to represent the primary conductive source identified in the Company’s geophysical datasets. Darren Slugoski, Vice President Exploration, said, “The consistent intersection of significant alteration and structural features in every hole drilled is highly encouraging for uranium exploration in the Athabasca Basin. We are observing key indicators for uranium mineralization, including sandstone bleaching and dissolution, clay alteration, brecciation, and faulting. These elements often serve as pathways and traps for uranium-bearing fluids in the basin, and we look forward to advancing the program with refined targeting informed by real-time results.” Figure 1: ML26-001A Cross Sect...

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