Kraken Energy Corp. reported on recent results from radon sampling conducted on the Apex Uranium Property ("Apex" or "the Property") near the historic Lowboy Mine located in Lander County, Central Nevada, USA. Strong radon anomalies are located along the shoulder of magnetic high anomalies, which correlate well to the known high grade, shallow uranium mineralization located at both the historic Apex and Lowboy Mines.

Four newly outlined priority target areas are shown in Figures 1 and 2 below. Currently all additionally requested baseline surveys from the United States Forest Service ("USFS") have been completed regarding the pending Plan of Operations ("PoO") to begin drilling adjacent to the historic Apex Mine. The USFS is reviewing the final amendments to the PoO and drilling is expected to commence as early as August, 2024.