September 29th, 2023 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) announces that it has entered into an agreement with Lloyd Lake Uranium Corp. (“LLU”), and the sole shareholder of LLU (the “Vendor”), pursuant to which the Company proposes to acquire (the “Acquisition”) all of the outstanding share capital of LLU.  LLU is the holder of the Lloyd Lake Uranium Project located in Athabasca, Saskatchewan, subject to a royalty interested retained by the Vendor.  The Acquisition is intended to significantly broaden Kiplin’s portfolio of uranium projects and positions the Company for further growth in the uranium sector.

About the Lloyd Lake Uranium Project The Lloyd Lake Uranium Project spans 6,177 hectares and is situated 27 kilometers south of the southern boundary of the Athabasca Basin. The project has undergone extensive exploration programs, most notably in 2022, with investigations including sediment sampling, airborne magnetics, and ground IP surveys. The key exploration zone is an 8 kilometer corridor characterized by a magnetic low which aligns with a structural break, a locale where anomalous radioactivity has been detected. Access to the project is optimal, facilitated by a provincial highway and well-maintained roads and trails.

“We are pleased to announce the integration of the Lloyd Lake Uranium Project into Kiplin’s uranium project portfolio,” states Peter Born, VP of Exploration and Director at Kiplin Metals Corp. “This highly prospective uranium project represents a valuable augmentation to our assets, and we are eager to unlock its potential. Our team is excited to leverage advanced exploration methodologies to advance the project rapidly.”

Acquisition Terms Pursuant to the terms of the Acquisition, Kiplin proposes to acquire all of the outstanding share capital of LLU in consideration for the issuance of 4,500,000 common shares of Kiplin to the Vendor.  Kiplin is at arms-length from the Vendor and LLU.  No finders’ fees or commissions are payable by Kiplin in connection with the Acquisition.  Completion of the Acquisition remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing deliveries.

Strategic Impact of the Acquisition This Acquisition will help to advance Kiplin in its mission to be a key participant in the uranium exploration sector and fortify its market presence. It not only expands the Company’s uranium assets but also opens up avenues for more innovative and exploration ventures in the future.

Future Plans and Exploration Following completion of the Acquisition, Kiplin  plans to conduct an exploration and development program to further understand the potential of the Lloyd Lake Uranium Project.

About Kiplin Metals Corp. Kiplin is a leading mining company specializing in the exploration, development, and production of precious and base metals. With a focus on sustainable and responsible mining, Kiplin is dedicated to delivering high-quality projects while maintaining the highest environmental and safety standards.

About Kiplin Metals Inc.

Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production, allowing Kiplin to achieve exceptional shareholder value through the entire life-cycle of mining.

Cluff Lake Road Uranium Project. Kiplin has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the “CLR Project”).  The CLR Project covers ~531 ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries have been made, including the Arrow and Triple R Uranium deposits. The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000 lbs of yellowcake uranium.

For further information, contact the Company at [email protected], or visit the Company’s website at

On behalf of the Board,

Kiplin Metals Inc.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.