The Aberdeen Project is a 100%-owned uranium exploration project held by Geiger Energy, located on the northeast edge of the Thelon Basin in Nunavut, approximately 100 kilometres west of the Hamlet of Baker Lake. The project consists of 40 claims totaling 53,402 hectares. The Thelon Basin is regarded as one of the most prospective areas globally for discovering high-grade, unconformity-style uranium deposits outside of Saskatchewan’s Athabasca Basin.

The Aberdeen Project is located on the northeast edge of the Thelon Basin in Nunavut Territory, approximately 100 kilometres west of the Hamlet of Baker Lake. Baker Lake is accessible by aircraft and is connected to Hudson Bay via Chesterfield Inlet, which also services Agnico Eagle’s Meadowbank mine. The project lies on trend with the Kiggavik uranium deposit, which hosts a historic indicated resource of 127.3 million pounds grading 0.55% U₃O₈ and a historic inferred resource of 5.4 million pounds grading 0.33% U₃O₈. Cut-off grades and other estimation parameters are not publicly disclosed. Kiggavik is currently owned by Orano Canada (66.2%), Denison Mines (16.9%), and UEX Corp. (16.9%).

Geiger Energy has commenced a two-drill exploration program at the Aberdeen Project, targeting 18 to 25 holes totaling approximately 7,000 metres across up to 10 high-priority unconformity and basement targets. This drill program is designed to demonstrate the potential for district-scale, high-grade uranium mineralization along key fault trends and gravity anomalies. The program includes five unconformity targets—Loki, Bjorn, Thor, Squiggly River, and Nymeria—as well as five basement targets: Lobster, Tarzan, Willow, Apollo, and Starbuck. Drilling is currently underway at the Loki and Bjorn sandstone unconformity targets.

Following the success of the 2023 exploration program, Geiger Energy initiated a comprehensive follow-up drill campaign at the Aberdeen Project. From June through late September, the company completed 6,962 metres of drilling across 30 holes, testing five of more than 20 gravity targets identified to date. Assay results have been received for 11 holes drilled at the Tatiggaq target, with 7 of the 11 intersecting uranium mineralization. The mineralized strike length at Tatiggaq has now been extended from 200 metres to over 310 metres. Additionally, two holes drilled at the Qavvik target intersected a 296-metre-wide zone of shallow uranium mineralization, including narrow high-grade intervals up to 8.2% U₃O₈—further supporting the potential to expand the uranium resource at Aberdeen.

1. Tatiggaq

A total of 11 holes were drilled at the Tatiggaq target as part of the 2023 follow-up program. Highlight intercepts include:

2.25% U₃O₈ over 11.1 m, 1.01% U₃O₈ over 6.2 m, and 0.40% U₃O₈ over 12.8 m

Detailed results include:

• Hole TAT24-012 (Main Zone):
  Intersected 1.15% U₃O₈ over 2.4 m (169.1–171.5 m), including:
  • 3.33% U₃O₈ over 0.3 m
  • 2.77% U₃O₈ over 0.5 m
• Hole TAT24-014 (Main Zone):
  Intersected 0.62% U₃O₈ over 17.9 m (157.9–175.8 m), including:
  • 1.31% U₃O₈ over 7.6 m (164.0–171.6 m), which includes:
  – 4.56% U₃O₈ over 0.2 m
  – 4.30% U₃O₈ over 0.5 m
  – 4.81% U₃O₈ over 0.4 m
• Hole TAT24-011 (West Zone):
  Intersected 0.11% U₃O₈ over 35.3 m (144.2–179.5 m), including:
  • 0.68% U₃O₈ over 1.6 m (170.9–172.5 m)
  • 1.24% U₃O₈ over 0.4 m
  • 1.12% U₃O₈ over 0.3 m

Eight additional holes tested parallel structures within the 0.7 x 1.5 km Tatiggaq gravity anomaly. All eight intersected strong clay alteration, elevated boron, and other uranium pathfinder elements.

Importantly, Hole TAT24-021 intersected uranium mineralization in a new area named Tatiggaq North, located approximately 300 metres north of the Main Zone:

• Hole TAT24-021 (Tatiggaq North):
  Intersected 0.38% U₃O₈ over 0.3 m (220.8–221.1 m), including:
  • 0.79% U₃O₈ over 0.1 m

2. Qavvik

Located 15 km west of the Tatiggaq deposit, the Qavvik target was tested with two drill holes focused on an 800 x 800 m gravity low anomaly previously drilled by Cameco. Drilling intersected a newly identified lens hosting shallow, high-grade uranium mineralization with grades up to 8.2% U₃O₈. Mineralization remains open to the northeast and southwest.

• Hole QAV24-001
  Intersected a 296 m wide zone of uranium mineralization comprising multiple discrete lenses from 36–332 m. Highlights include:
  • 1.49% U₃O₈ over 3.3 m (171.9–175.2 m), including 8.17% U₃O₈ over 0.5 m at 172.0 m
  • 1.99% U₃O₈ over 0.3 m (205.3–205.6 m)
  • 0.82% U₃O₈ over 4.9 m (291.4–296.3 m), including 7.92% U₃O₈ over 0.1 m at 292.3 m
  • 0.64% U₃O₈ over 2.7 m (317.1–319.8 m), including 1.22% U₃O₈ over 1.4 m and 6.30% U₃O₈ over 0.2 m at 318.8 m
• Hole QAV24-002
  Intersected over 190 m of discrete uranium mineralized lenses from 192–384 m. Highlights include:
  • 0.40% U₃O₈ over 3.5 m (192.9–196.4 m), including 1.69% U₃O₈ over 0.6 m and 2.44% U₃O₈ over 0.2 m at 196.2 m
  • 0.66% U₃O₈ over 1.7 m (197.0–198.7 m), including 3.08% U₃O₈ over 0.2 m at 197.4 m

3. Ayra, 4. Loki, 5. Ned Targets

At the Ayra and Loki targets, drilling encountered highly elevated uranium and boron concentrations at the sandstone/basement contact—marking the first evidence of unconformity-style uranium mineralization at this contact within the Thelon Basin.

• Uranium values reached up to 72.8 ppm in the sandstone and 323 ppm in the basement, encountered at shallow depths, including down to 115.2 m.
• These results suggest the Ayra and Loki grids may lie in proximity to a uranium mineralized deposit.
• Further drilling and evaluation are warranted to assess their full potential.