Latitude Uranium Completes Successful Phase 2 2023 Drill Program at Angilak

Highlight of Phase 2 2023 Drilling Program and Plans for 2024

• Hole 18 (23-LC-018) discovered 2 new wide intercepts of 41 metres (324m-365m) and 21 metres (395m-417m) with radioactivity up to 6,200 counts per second (“cps”) below historical drilling.
• Hole 18 intersected asimilar ~200-metre interval (213m-417m) of intermittent uranium-bearing structures up to 8,000 cps, extending downdip from historical drillhole 12-LCM-015 that ended at 300m.
• Phase 2 assays are enroute to the Saskatchewan Research Council in Saskatoon for processing, and assay results for all 18 holes are expected in November.
• Focal point of 2024 drill program is expected to be:
• Following up on the 200m interval from hole 18, including the 2 new wide intercepts of 41m and 21m from Phase 2;
• Following up on the potential new lens identified just south of the Main Zone mineralization with radioactivity up to 11,000 cps from Phase 1; and
• Continuing to work outside of Main Zone within the Lac 50 trend.

2023 Angilak Drill Program

The 2023 Angilak drill program consisted of a total of 5,665 metres in 18 holes all focused on the Main Zone of the Lac 50 Trend. Phase 1 consisted of 4,776 metres in 15 holes (1-15) and Phase 2 was 889 metres in 3 holes (16-18). All drillholes and cps results are presented in Table 1 below. All samples are enroute to Saskatchewan Research Council in Saskatoon, Saskatchewan for assay with results expected in November

Hole 18 (23-LC-018) was designed as a downdip follow-up to test the continuity of a wide interval (~200 metres downhole width) from historical drillhole 12-LCM-015 that showed intermittent mineralization from approximately 100 metres downhole to the end of the hole at 300 metres. Results from hole 18 (23-LC-018) show radioactivity up to 8,000 cps was intersected in quartz-carbonate-graphitic structures at approximately 213 metres and intermittent anomalous radioactivity continues downhole to 417 metres, coinciding with an approximately 200-metre interval of intermittent anomalous structures in historical drillhole 12-LCM-015.

There are 2 significant results of hole 18 that require further geological work and are expected to be a focal point of the 2024 drill program. First, hole 18 (23-LC-018) appears to demonstrate downhole continuity from historical hole 12-LCM-015. Second, there are 2 wide intervals of 40.6 metres (324.2m-364.8m) and 21.3 metres (395.3 m-416.6 m) with up to 6,200 cps below the historical hole that ended at 300 metres.

Hole 16 (23-LC-016B) was designed to fill in an approximate 100-metre gap up-dip of historical drillhole 11-LC-005. Up to 3,090 cps was intersected in a quartz-carbonate vein, along strike of a historical intercept approximately 25 metres downhole.

Hole 17 (23-LC-017) was designed to test the continuity of structure and mineralization in the northwest extension of the Main Zone. Hole 17 is located 94 metres west of historical hole 11-LC-025 and approximately 150 metres along strike to the northwest of drillhole 23-LC-018. Hole 17 intersected 3 intervals of over 4 metres each with values of up to 870 cps in quartz-carbonate-hematite veining and trace graphite.

Qualified Person (QP)

The technical information in this news release has been reviewed and approved by Nancy Normore, M.Sc., P.Geo, the Vice President of Exploration of Latitude Uranium, who is a “Qualified Person” (as defined in NI 43-101).

About Latitude Uranium Inc.

Latitude Uranium is exploring and developing two district-scale uranium projects in Canada. Our primary focus is expanding the resource base at Angilak, which ranks amongst the highest-grade uranium deposits globally, outside of the Athabasca. Additionally, we are advancing the CMB Project, situated in the prolific Central Mineral Belt in central Labrador adjacent to the Michelin Deposit, with numerous occurrences of uranium, copper and potential IOCG style mineralization.

For More Information, Please Contact:

Latitude Uranium Inc.

John Jentz

CEO

jjentz@latitudeuranium.com

Toll-Free: 1-833-572-2333

Email: info@latitudeuranium.com

Website: www.latitudeuranium.com

Twitter: @LatitudeUr_

LinkedIn: https://www.linkedin.com/company/latitude-uranium-inc/

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch

www.resource-capital.ch

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This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including, but not limited to, the expected timing and results of Phase 2 of the drill program; the Company’s planned exploration focus for 2024; the Company’s ongoing business plan, sampling, exploration and work programs. Generally, but not always,  forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

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