Traction Uranium Corp. announced the final analytical results of the winter 2023 diamond drilling program at the Company's Key Lake South Property. The KLS property is located in northern Saskatchewan, approximately 6 kilometres southwest of Cameco's Key Lake Uranium Mill and along the south flank of the Athabasca Basin.

Traction has entered into an option agreement to earn an initial 51% interest in the property from UGreenco Energy Corp, to be increased to 75% following satisfactory completion of further exploration requirements. Highlights of 2023 Geochemical Results: All 2023 drill holes contained trace amounts of uranium averaging 4.33 ppm over 419 samples. Most holes returned anomalous values for Th and for REEs.

Although anomalous intercepts for REEs are listed for cerium (Ce), lanthanum (La), neodymium (Nb) and praseodymium (Pr), intercepts of anomalous values were also returned for most of the other 13 REEs at various locations within the 2023 program area. The majority of anomalous intercepts, including elevated REE values, were returned from intervals of pegmatite and pegmatoidal rocks. However, several intercepts originated from structural zones such as fault and shear zones, as well as near amphibolite dykes.

The deepest intercept in hole KLS23-008, grading 239.00 ppm Th and 10.70 ppm U with anomalous Ce, La, Nd and Pr values, was taken from a quartz-rich zone within basement metasediments directly underlying the contact with overlying granitic orthogneiss. The anomalous intercepts in hole KLS23-011 are all associated with zones of fracturing or brecciation. Core samples were submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon.

The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed using partial and total digestion inductively coupled plasma (ICP) methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.