KIPLIN METALS TO ACQUIRE LLOYD LAKE URANIUM PROJECT ENHANCING EXISTING URANIUM PROJECT PORTFOLIO

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 interest 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. “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 www.kiplinmetals.com.

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”

Director

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.


KIPLIN CLOSES FIRST TRANCHE OF FINANCING

July 4th, 2023 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) has closed a first tranche of its non-brokered private placement being conducted under the listed issuer financing exemption (as defined below). Under the first tranche, the company has issued 1.25 million units at a price of 17 cents per unit for gross proceeds of $212,500. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 23 cents at any time on or before Aug. 24, 2024.

The offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). As a result, the securities issued in the offering are not subject to a hold period in accordance with applicable Canadian securities laws. An offering document related to the offering is available under the company’s profile at SEDAR+ and on the company’s website. Prospective investors should read this offering document before making an investment decision.

The company anticipates completing additional tranches of the offering, as announced in the news release issued by the company on Aug. 16, 2023. No finders’ fees were paid in connection with completion of the initial tranche of the offering, but the company may pay finders’ fees to eligible parties which have assisted in introducing subscribers to further tranches of the offering.

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 www.kiplinmetals.com.

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”

Director

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.


KIPLIN AMENDS TERMS ON $3MILLION FINANCING

July 4th, 2023 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) has elected to revise the terms of its continuing non-brokered private placement being conducted under the listed issuer financing exemption (as defined below). The offering will now consist of up to 17,647,059 units of the company at a price of 17 cents per unit to raise gross proceeds of up to $3-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 23 cents at any time on or before that date which is 12 months after the closing date of the offering.

The net proceeds raised from the offering will continue to be used to advance the coming exploration program on the Cluff Lake Road (CLR) uranium project, located in the southwestern Athabasca basis of Northern Saskatchewan, and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 — Prospectus Exemptions, the offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. A revised offering document related to the offering will be filed by the company, and will be accessible under the company’s profile on SEDAR+ and on the company’s website. Prospective investors should read this offering document before making an investment decision.

The company may pay finders’ fees to eligible parties who have assisted in introducing subscribers to the offering. Closing of the offering remains subject to the approval of the TSX Venture Exchange.

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 www.kiplinmetals.com.

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”

Director

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.


KIPLIN ANNOUNCES $3MILLION FINANCING

July 4th, 2023 – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) will conduct a non-brokered private placement, under the listed issuer financing exemption (as defined as follows), of up to 15 million units of the company at a price of 20 cents per unit to raise gross proceeds of up to $3-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 25 cents at any time on or before that date that is 12 months after the closing date of the offering.

The net proceeds raised from the offering will be used to advance the coming exploration program on the Cluff Lake Road (CLR) uranium project, located in the southwestern Athabasca basin of Northern Saskatchewan, and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption, under Part 5A of NI 45-106. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company’s profile on SEDAR and on the company’s website. Prospective investors should read this offering document before making an investment decision.

The company may pay finders’ fees to eligible parties that have assisted in introducing subscribers to the offering. Closing of the offering remains subject to the approval of the TSX Venture Exchange.

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 www.kiplinmetals.com.

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”

Director

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.


KIPLIN AWAITS CLUFF LAKE EXPLORATION PERMIT

June 30, 2023 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) provides an update on the preparations for its planned summer exploration program on the Cluff Lake Road (CLR) uranium project, situated in the highly prospective southwestern Athabasca basin of Northern Saskatchewan.

Field crews have been mobilized and are ready to commence the induced polarization (IP) resistivity geophysical survey upon the receipt of the exploration permit. The company has submitted the required exploration permit application to the Saskatchewan Ministry of Environment for review and approvals, with an anticipated approval this month.

The primary objective of the planned survey is to enhance the existing dataset of the CLR property and identify vectors that will increase the likelihood of discovering uranium deposits. Kiplin’s exploration teams are committed to adopting innovative concepts in deposit formation study and exploration methods, utilizing new skills and techniques to position the company as a leader in uranium deposit discovery.

As previously reported (press release dated May 17, 2023), Kiplin’s summer program will focus on the central portion of the CLR property. The survey will cover several promising targets already identified, including:

  • Three parallel (south-southeast) conductors over a width of one kilometre identified on F3 Uranium Corp.’s Paterson Lake North (PLN) property, designated as the North conductor complex, that trend onto the western portion of the CLR property.
  • Multiple other magnetic lineaments on the CLR property, both parallel and crosscutting to the North conductor complex trend.
  • Multiple alpha track radon gas sensor anomalies previously completed (2017) and spectrometer radioactivity anomalies discovered by the company in 2022 (see press release, Nov. 23, 2022). Background radioactivity readings with a hand-held Radiation Solutions RS-125 Super-SPEC gamma-ray spectrometer are in the 20 counts per second to 50 cps range, with over 100 anomalous boulders in the 100 cps to 500 cps range detected.

Note: The reader is cautioned that spectrometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials.

These prospective targets, coupled with the extensive data collection efforts, demonstrate Kiplin’s commitment to thorough exploration and the pursuit of potential uranium deposits within the CLR property.

Dr. Peter Born, director of Kiplin, stated: “Our upcoming summer program supports our continued exploration efforts on the CLR project. With the implementation of innovative exploration techniques and our focus on high-potential targets, we aim to enhance our understanding of the property and increase our chances of making significant discoveries. We are excited about the potential of the CLR project and remain dedicated to delivering value to our shareholders.”

Kiplin will conduct its exploration activities adhering to the highest environmental management standards and maintain close co-operation with local stakeholders, including indigenous communities, throughout the permitting, exploration and closure stages.

Incentive option grant

The company also announces that it has granted 1.5 million incentive stock options to the directors and officers of the company. The options vest immediately and are exercisable at a price of 21 cents until June 29, 2024.

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 o 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 www.kiplinmetals.com.

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”

Director

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.


KIPLIN METALS COMMENTS ON URANIUM SPOT PRICE TRENDS

June 19, 2023 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) would like to provide its outlook on the significant price increase observed in the uranium market. The spot price of U3O8 uranium has surged more than 120% since the beginning of 2020.

The Company acknowledges the positive impact of this price upturn, which reflects the growing global demand for clean and sustainable energy sources. As the international community focuses on transitioning towards a low-carbon future, nuclear energy remains pivotal in meeting the world’s increasing energy needs while reducing greenhouse gas emissions. This renewed interest in nuclear power has spurred a strong demand for uranium.

Kiplin believes that the recent surge in uranium prices indicates favourable market conditions and affirms the potential and importance of the uranium sector.  As a company specializing in uranium exploration, this trend bolsters our confidence and highlights the attractiveness of our Cluff Lake Road (CLR) uranium project in Saskatchewan.

The Company’s exploration efforts in the Athabasca Basin have been guided by the understanding that uranium is vital to the world’s clean energy future. The recent price surge reinforces our conviction in the long-term prospects of the uranium market and strengthens our commitment to advancing our Cluff Lake Road and delivering value to our shareholders.

Dr. Peter Born, Director of Kiplin, commented, “The substantial increase in the price of uranium demonstrates the growing recognition of nuclear power as a key solution for achieving sustainable energy goals. At Kiplin, we are well-positioned to capitalize on this positive market sentiment. We will continue our diligent exploration efforts, leveraging the rising uranium price to maximize the value of our assets and contribute to the global clean energy transition.”

Kiplin remains focused on advancing the Cluff Lake Road project and is committed to responsible exploration and development practices. The Company is committed to upholding the highest environmental and social standards as it contributes to the growth and sustainability of the uranium industry.

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 o 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 www.kiplinmetals.com.

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”

Director

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.


HEADQUARTERS

Vancouver

+1 604 689 7422
2200 – 885 W Georgia St.
Vancouver, BC, Canada V6C 3T7
[email protected]

PROJECT LOCATIONS

Athabasca BasinSaskatchewan

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