KRAKEN ENERGY CORP - UUSAF STOCK NEWS

Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) has appointed Brian Goss as the new Interim Chief Executive Officer and Director. Goss brings over 20 years of experience in the mining industry, specializing in precious, base, and energy metals exploration. He is the founder and President of Rangefront Mining Services and holds director positions in several mining companies. Goss replaces Matthew Schwab, who has stepped down as CEO, President, and Director. This leadership change aims to leverage Goss's extensive industry experience and connections to drive Kraken Energy's growth and exploration efforts.

Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) has completed an application for drilling permits at the Harts Point Uranium Property in Utah, in partnership with Atomic Minerals The planned program includes up to 15 drill holes to explore uranium mineralization in the Chinle Formation. Harts Point is located in the Colorado Plateau, a region that has produced over 590 million pounds of U3O8. The property consists of 324 lode mining claims covering 2,622 hectares. Kraken's CEO, Matthew Schwab, expressed excitement about moving forward with the project in early 2025, following the company's focus on its flagship Apex property in Nevada for the remainder of 2024.

Kraken Energy has reported promising radon sampling results at its Apex Uranium Property in Nevada, indicating potential uranium mineralization. The significant radon anomalies were detected near the historical Lowboy Mine, aligning with known high-grade uranium zones. This discovery is supported by airborne geophysical surveys. Kraken has identified four new high-priority target areas for future exploration. Currently, the company has completed all required baseline surveys from the US Forest Service for its drilling plan, which is expected to begin by August 2024.

Kraken Energy Corp. completes successful maiden drilling program at Harts Point Uranium Property in Utah, intersecting elevated radioactivity in both drill holes. The discovery validates the potential for high-grade uranium deposits in a world-class jurisdiction on the Colorado Plateau. The Company also grants stock options to key personnel.

Kraken Energy Corp. (UUSAF) to present at Kinvestor Critical Minerals & Mining Virtual Conference 2024, showcasing junior mining companies exploring critical minerals for global energy transition.

Kraken Energy Corp. mobilizes for drilling at the Harts Point Uranium Property in Utah, aiming to explore high-grade uranium deposits in a pro-mining jurisdiction. The company appoints Marlis Yassin as a director, bringing extensive financial management experience to the team.

Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) (FSE: F2C) has received approval to resume their Phase I drill program at the Harts Point Uranium Property in Southern Utah. The company will drill the property from two pad locations over a 5 km strike length targeting the favorable uranium bearing Chinle Formation host rock. With a world-class uranium jurisdiction, the property consists of 324 lode mining claims on Bureau of Land Management ground. The Harts Point Anticline is analogous to the Lisbon Valley Anticline, and there is significant historic uranium production in the area. The company has also listed its shares on the Frankfurt Stock Exchange.

Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) has commenced a 2,200-meter drilling program at its 100%-owned Apex Uranium Property in Nevada. The program targets a mineralized area over 2 kilometers in strike length, coinciding with strong radon anomalies and geophysical signatures. The company has received approval to drill up to 2,200 m in 24 holes from 8 pads, with priority targets featuring new high-potential areas and projected depths ranging from 50 m to 200 m. Historic drilling results include up to 34.1 m at 0.37% U3O8 and 15.2 m at 0.51% U3O8.

Kraken Energy Corp. has received permits to drill their Apex Uranium Property in Nevada. The company has identified multiple high priority drill targets and expects to commence drilling before the end of 2023.