Strathmore Plus Uranium Corp. — Capital/Financing Update 2025

Jan 14, 2025

S

Suite 750 – 1620 Dickson Ave.

Kelowna, BC V1Y 9Y2

info@strathmoreplus.com

www.strathmoreplus.com

TSX SYMBOL : SUU.V

OTC SYMBOL : SUU

Strathmore Announces Warrant Extension

January 13, 2025 – Kelowna, B.C. – Strathmore Plus Uranium Corporation ("Strathmore" or "the Company") announces it is intending to extend the expiry date of 2,126,250 share purchase warrants (the "Warrants") that were issued as part of a private placement which completed on January 26, 2023. The original term of each Warrant entitled the holder to purchase one common share in the capital of the Company at a price of $0.50 per share with an expiry of January 26, 2025. There were originally a total of 2,500,000 warrants issued of which 373,750 have been exercised. The Company is intending to extend the expiry date of the remaining warrants to January 26, 2026. All other terms of the Warrants will remain the same. The extension is subject to TSX Venture Exchange approval.

About Strathmore Plus Uranium Corp.

Strathmore has three uranium projects with current drilling permits in Wyoming: Agate, Beaver Rim, and Night Owl, where Strathmore has completed exploration drilling on each of the properties. The Agate and Beaver Rim properties contain uranium mineralization in typical Wyoming-type roll front deposits based on historical and recent drilling data. After the past two years' drilling and exploration program, Strathmore remains confident that the Agate project has the potential to be an ISR mine.

The 2025 drill program at Agate is currently set for an additional 100 holes, after which the Company will move toward a resource estimate on Agate. At Beaver Rim, the 2025 drill program will build upon the successful identification in 2024, and historically, of stacked roll front deposits on the project.

Cautionary Statement: "Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release".

Strathmore Plus Uranium Corp.

Contact Information:

Investor Relations

Telephone: 1 888 882 8177

Email: info@strathmoreplus.com

ON BEHALF OF THE BOARD

"Dev Randhawa"

Dev Randhawa, CEO

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedarplus.ca.