- **Foremost Clean Energy Ltd.** is actively engaged in **dual drilling campaigns** at its Murphy Lake South Uranium Property in Saskatchewan and its Jean Lake Gold-Lithium Property in Manitoba.  **[1935418_0001171843-25-006080_exh_991.htm:0]** 
- The **Murphy Lake South Uranium program** consists of an **8-hole, 2,500-meter diamond drill program** in the Athabasca Basin, targeting unconformity-style uranium mineralization.  **[1935418_0001171843-25-006080_exh_991.htm:0]** 
- Concurrently, a **20-hole, 2,500-meter diamond drill program** has commenced at the **Jean Lake Gold-Lithium Property**, focused on expanding known high-grade zones and defining the broader mineralized system.  **[1935418_0001171843-25-006080_exh_991.htm:0]** **[1935418_0001171843-25-006080_exh_991.htm:1]** 
- CEO Jason Barnard stated that these parallel programs leverage the gold market's momentum to strengthen the company's uranium initiatives, providing catalysts from multiple fronts while maintaining its core commitment to uranium exploration.  **[1935418_0001171843-25-006080_exh_991.htm:0]**

Foremost Clean Energy Advances Dual Drilling Campaigns

- Foremost Clean Energy Ltd. will issue **485,000** common shares to Denison Mines Corp. at **$2.20 per share**, raising an aggregate of **$1,067,000** through a private placement.  **[1935418_0001171843-25-005710_exh_991.htm:0]** 
- This issuance stems from Denison exercising its equity participation right under an Amended & Restated Investor Rights Agreement.  **[1935418_0001171843-25-005710_exh_991.htm:0]** 
- Following the private placement, Denison Mines Corp. will own approximately **19.17%** of Foremost's common shares outstanding.  **[1935418_0001171843-25-005710_exh_991.htm:0]** 
- The proceeds will be used to **strengthen Foremost's treasury** and advance exploration for its **Athabasca Basin uranium portfolio**.  **[1935418_0001171843-25-005710_exh_991.htm:0]**

Foremost Clean Energy (FMST)