March 31st, 2025 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) is pleased to announce its summer 2025 field program for its wholly owned Lloyd Lake Uranium Project, located on the southern lip of the Athabasca Basin in northern Saskatchewan.
The 2025 program calls for a property-wide investigation focused on the project’s principal exploration target, LLTZ1: a northeast-trending conductive anomaly coincident with a magnetic break that has been interpreted as a fault or fold. The Company’s exploration efforts this season are designed to define and qualify potential diamond drill targets on LLTZ1 in preparation for a future drill campaign.
The program will include ground magnetic mapping and radiometric mapping, as well as general prospecting across the property. In addition, Kiplin will deploy approximately 200 radon detection capsules across the target area. Radon gas, a key daughter product of uranium decomposition, is a highly effective vector for identifying subsurface uranium mineralization.
Background on LLTZ1
LLTZ1 was first identified in a large-scale regional exploration program conducted by the Western Athabasca Syndicate in 2013. Spanning approximately 4 kilometers across the Lloyd Lake Project, the target has been evaluated using a range of investigative techniques, including a VTEM (Versatile Time Domain Electromagnetic) survey, a stream sediment survey, and a radon gas emission survey. In 2022, Kiplin advanced the project by conducting an induced polarization (IP) survey over the southernmost portion of LLTZ1, confirming key geophysical features and enhancing the understanding of the target zone.
Kiplin is committed to conducting all exploration activities using environmentally responsible practices and in full consultation with local indigenous groups and community stakeholders. The Company recognizes the importance of building respectful, transparent relationships and strives to ensure its operations benefit both the environment and local communities.
Further details, including scheduling and logistics, will be provided as the 2025 field season approaches.
Qualified Person
Dr. Peter Born, PGeo, a director of the Company, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
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.
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.
For further information, contact the Company at [email protected], or visit the Company’s website at www.kiplinmetals.com.
On behalf of the Board,
For further information, contact the Company at 604-622-1199.
On behalf of the Board of Directors,
“Peter Born”
Director
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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.