Traction Uranium Corp. announced, further to its press release dated May 17, 2023, thaturora Geosciences Ltd. has completed a Technical Report in respect of the Key Lake South Property ("KLS Property") pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects. The 2023 program was comprised solely of an 1,838 m diamond drilling program in 12 holes, covering numerous widely spaced targets in the northeastern area of the property.

At each hole, a down-hole gamma ray survey was performed to test for gamma radiation, including readings through overburden, to test for glacially transported or other surficial radioactive material. Summary of the Technical Report: The majority of anomalous thorium (Th) intercepts are associated with rare earth elements (REEs), locally returning strongly anomalous values. Many of these intercepts are pegmatite-hosted, although amphibolite and structurally-hosted intercepts also occur.

The northwestern property area, including hole KLS23-007, is the most favourable area for Uranium and REE mineralization. The area around KLS23-007 is along trend of the structural feature underlying the Key Lake deposits to the northeast, extending to anomalous Th-REE mineralization drilled in 2008 to the SW. Hole KLS23-008, collared southwest of KLS-007, pierced the contact of Upper Wollaston Group orthogneiss with underlying Lower Wollaston Group metapelites.

A short interval of anomalous Thorium-REE values occurs directly below the contact. Anomalous Th-REE values from the 2008 drilling are hosted by pegmatites within metapelites. Uranium, Th-REE mineralization may provide an alternate exploration target at Key Lake South.

Phase 1 surface soil geochemical program is recommended to test for overburden-hosted mineralization identified from down-hole gamma ray probe testing of KLS23-007. The objective will include testing its lateral surface extent up-ice from the drill collar. This program should be combined with further geological mapping in areas of bedrock or rubblecrop exposure.

The KLS Property is located approximately 6 kilometers to the southwest of the Key Lake uranium mill and in close vicinity to modern uranium mining facilities and all-weather highway transportation in northern Saskatchewan. Geologically, it sits at the southeastern edge of the Proterozoic Athabasca Basin. Recent discoveries of the Triple R and Arrow deposits have demonstrated further potential for high-grade uranium prospects along the edge of the basin.

The Key Lake property is located along the south-east margin of the Athabasca Basin within the Hearne province of the Canadian Shield. In the Key Lake area, Hearne province basement rocks include the Wollaston domain, comprised of the lower and upper Wollaston groups. The lower Wollaston group, which underlies the Key Lake mine, comprises mainly metasedimentary gneisses (metapelites), whereas the upper Wollaston group comprises mainly metasedimentary rocks to the southeast.

In the Key Lake South area, the prospective deposit setting is Basement-hosted Uranium, as there are no underlying Athabasca Group sandstones. Basement-hosted uranium-hosted uranium mineralization. The majority of anomalous thor lithium (Th) intercepts are related with rare earth elements (REE's), locally returning strongly anomalous value.

Many of these intercepts is pegmatite-hosted uranium intercepts are pegmatite - although amphibolite and struct structurally-hosted intercept's also occur. The northwestern property areas, including hole KLS23 -007, is the most favourable areas of overburden-hosted uranium deposition. The area around KLS 23-007 is along trend of The structural feature underlying the Key Lake deposit setting is Basement- hosted uranium deposits to the northwest from metagranitic rocks to the southeast.

In The prospective deposit setting is Basement - Basement-hosted uranium, as there are no underlying athabasca Group sandstones.