Blast Resources Announces Option Agreement for Additional Uranium Exploration Properties in the Athabasca Basin Region, Saskatchewan

(TheNewswire)

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

The properties are located east of the northernSaskatchewan’s Clearwater Domain (“CD”). Rocks of northern Saskatchewan’s CD trend along anapproximate 325 km length that bisects the Taltson Domain. Althoughthe Clearwater Domain is almost entirely covered by the AthabascaBasin and younger Phanerozoic sediments, this prominent geophysicalanomaly has been interpreted as a batholith-scale magmatic event. Abatholith is a type of igneous rock that forms when magma (moltenrock) rises into the earth's crust but does not erupt onto thesurface.

The option agreement for additional claims consists of13 claims, a total of 6,905 Hectares (“ha”). These claims andprevious 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, togetherproviding significant exploration opportunities. These strategicacquisitions bolster Blast’s commitment to discovering criticalminerals in support of the energy transition. Anunusually large number of nuclear reactors are scheduled to enterservice in the next few years, and Uranium demand is likely tocontinue to grow.

Key Highlights:

• 20 kilometers south south-west of thePatterson Lake Discovery 

• contiguous to Fission Uranium Corp.“Typhoon Project” 

AcquisitionDetails

Pursuant to the option agreement, Blast has an optionto acquire a 100% undivided interest of two mineral claim groups fromthe Optionors in consideration for $11,600 in cash and the issuance of100,000 common shares of the Company subject to Regulator approval.The Optionors will retain a 2.5% NSR which can be reduced to 1.5% uponpayment of $500,000.

Qualified Person Statement

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

About Blast

Blast is a mineral exploration company trading on theCanadian Securities Exchange. As described above, the Company has anoption over a mineral exploration project in Saskatchewan. The projectis located near Highway 955 (all-weather highway) south of Wales Lakeand is located on the southwest margin of the Athabasca Basin. Theproperties are in geographic proximity to the Patterson Lake Corridorthat contains two known Uranium deposits. This area of Saskatchewan isthe center of intense geologic exploration over the last couple ofyears due to the number economic and near economic discoveries ofUranium Oxide(U3O8) and the high grades that are beingdiscovered.

ON BEHALF OF THE BOARD

GaryClaytens

President and CEO

For further information, pleasecontact:

Blast Resources Inc.

E-mail:info@blastresources.com

Website:   www.blastresources.com

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

Although theCompany believes that the expectations and assumptions on which theforward-looking statements are based are reasonable, undue relianceshould not be placed on the forward-looking statements because theCompany 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. Actualresults could differ materially from those currently anticipated dueto a number of assumptions, factors and risks.  These assumptions andrisks include, but are not limited to, assumptions and risksassociated with mineral exploration generally and results fromanticipated and proposed exploration programs, conditions in theequity financing markets, and assumptions and risks regarding receiptof regulatory and shareholder approvals

Management hasprovided the above summary of risks and assumptions related to forwardlooking statements in this press release in order to provide readerswith a more comprehensive perspective on the Company’s futureoperations. The Company’s actual results, performance or achievementcould differ materially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurance can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive from them.  These forward-looking statements aremade as of the date of this press release, and, other than as requiredby applicable securities laws, the Company disclaims any intent orobligation to update publicly any forward-looking statements, whetheras a result of new information, future events or results orotherwise.

Neither the CSEExchange nor its Regulation Services Provider (as that term is definedin the policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.

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