Premier American Uranium Inc. and American Future Fuel Corporation announced a current mineral resource estimate and the filing of a Technical Report (the Technical Report) for the 100% owned Cebolleta Uranium Project located in Cibola County, New Mexico, US (the Project) prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101). Highlights of the Technical Report: The MRE is based on a commodity price of USD 80.00 per pound of U3O8 using an underground mining cut-off grade of 0.072% eU3O8and an open pit mining cut-off grade of 0.024% eU3O8, reported as an: Indicated Mineral Resource totaling 18.6 million pounds of eU3O8(6.6 million short tons at an average grade of 0.14% eU3O8); Inferred Mineral Resource totaling 4.9 million pounds eU3O8(2.6 million short tons at an average grade of 0.10% eU3O8). The MRE underscores the Project?s extensive exploration and operating history, incorporating reliable historical data and previously unaccounted areas such as the St.

Anthony North pit, while factoring in depletion from past production. The current MRE exceeds the historical Inferred Mineral Resource that was prepared for Uranium Resources Inc. (AMPS? predecessor) in 2014, upgrading approximately 80% of previous Inferred Mineral Resource to the Indicated Mineral Resource category.

Key recommendations outlined in the Technical Report include: Exploration to expand the deposit footprint with potentially positive implications to a mining scenario; Collection of additional bulk density and chemical assays in future drilling to confirm historical reported density and radiometric equilibrium results; Updating the MRE with additional drill hole data and completing a PEA. Strong exploration potential remains at the Project with potential to increase total mineral resources through exploration and expansion drilling in previously untested areas where the mineralized horizons of the Jackpile sandstone are open ended beyond the currently drilled area. Further work to de-risk the Project is expected to include infill drilling to upgrade Inferred Mineral Resource to Indicated Mineral Resource along currently mapped uranium mineralization.

The Willie P area, which is not included in the MRE but was the site of previous underground mine operations, is believed to have resource potential which may be augmented by integrating additional historic radiometric logs and grade information into the resource model.