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Vancouver, British Columbia – TheNewswire - December 23, 2024 — Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST) is pleased to announce that it has entered into an option agreement (the “Optionee”) in which the Company was granted the option to acquire a 100% interest in two uranium exploration properties from the same Optionor in the Athabasca Basin region, northern Saskatchewan.

The properties are located east of the northern Saskatchewan’s Clearwater Domain (“CD”). Rocks of northern Saskatchewan’s CD trend along an approximate 325 km length that bisects the Taltson Domain. Although the Clearwater Domain is almost entirely covered by the Athabasca Basin and younger Phanerozoic sediments, this prominent geophysical anomaly has been interpreted as a batholith-scale magmatic event. A batholith is a type of igneous rock that forms when magma (molten rock) rises into the earth's crust but does not erupt onto the surface.

The option agreement for additional claims consists of 13 claims, a total of 6,905 Hectares (“ha”). These claims and previous claims optioned earlier in 2024 form the following groups. Three claims (3,176 ha) form a group on the west side of Britts Lake, and a group of 12 claims (8,049 ha) around Little Agar Lake, together providing significant exploration opportunities. These strategic acquisitions bolster Blast’s commitment to discovering critical minerals in support of the energy transition. An unusually large number of nuclear reactors are scheduled to enter service in the next few years, and Uranium demand is likely to continue to grow.

Key Highlights:

• 20 kilometers south south-west of the Patterson Lake Discovery 

• contiguous to Fission Uranium Corp. “Typhoon Project” 

Acquisition Details

Pursuant to the option agreement, Blast has an option to acquire a 100% undivided interest of two mineral claim groups from the Optionors in consideration for $11,600 in cash and the issuance of 100,000 common shares of the Company subject to Regulator approval. The Optionors will retain a 2.5% NSR which can be reduced to 1.5% upon payment of $500,000.

Qualified Person Statement

The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Blast

Blast is a mineral exploration company trading on the Canadian Securities Exchange. As described above, the Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 (all-weather highway) south of Wales Lake and is located on the southwest margin of the Athabasca Basin. The properties are in geographic proximity to the Patterson Lake Corridor that contains two known Uranium deposits. This area of Saskatchewan is the center of intense geologic exploration over the last couple of years due to the number economic and near economic discoveries of Uranium Oxide(U3O8) and the high grades that are being discovered.

ON BEHALF OF THE BOARD

Gary Claytens
President and CEO

For further information, please contact:

Blast Resources Inc.

E-mail: info@blastresources.com

Website:   www.blastresources.com

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws.  The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “intends” “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements.  In particular, this press release contains forward looking statements concerning the completion of the debt settlement.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct.  Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks.  These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them.  These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

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