Consolidated Uranium Commences Drilling on US Projects Targeting Historic Mineral Resource Confirmation and Expansion

TORONTO, May 26, 2022 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV:CUR.VN) (OTC-BB:CURUF) is pleased to announce that drilling has commenced on its past producing US uranium projects; Tony M Mine, Daneros Mine and Rim Uranium and Vanadium Mine, located in south-eastern Utah. All three underground mines are fully developed and permitted, with production occurring most recently between 2006-2013. The mines are also uniquely positioned in close proximity to the White Mesa Mill (Figure 1) owned and operated by Energy Fuels Inc. (“Energy Fuels”), with whom CUR has a Toll Milling Agreement. The Company has contracted DrillRite LLC to perform a planned 21,000 ft of surface drilling across all three projects, which will consist of conventional open hole rotary pre-collars with core “tails”. Borehole geophysical logging services will be provided by Century Geophysical, LLC.