Kraken Energy Reports Elevated Radioactivity in Five Drillholes on the Garfield Hills Property, Nevada

Vancouver, British Columbia – December 20, 2022 – Kraken Energy Corp.?(CSE: UUSA; OTCQB: UUSAF) (the “Company” or “Kraken Energy”) is pleased to report that it has added a second drill rig at Garfield Hills Uranium Property (“Garfield Hills” or the “Property”) in Nevada and will be expanding its inaugural drill program after receiving positive initial drilling results.?

Current Drilling Highlights:?

• Five drillholes have intersected elevated radioactivity:
• Drillhole GH22-01?intersected?22.0 metres (“m”) of elevated radioactivity?with scintillometer readings from?greater than 250 to 1500 cps?(20.0 to 42.0 m)
• Including 1200-1500 cps over 1.0 m?(25.0 to 26.0 m)?
• Drillhole GH22-02?intersected?16.0 m of elevated radioactivity?with scintillometer readings from?greater than 250 to 950 cps?(40.5 to 56.5 m)
• Including 700-950 cps over 2.0 m?(42.0 to 44.0 m)?
• Drillhole GH22-03?intersected?32.0 m of elevated radioactivity?with scintillometer readings from?greater than 250 to 370 cps?(0.0 to 32.0 m)?
• Drillhole GH22-05?intersected?24.5 m of elevated radioactivity?with scintillometer readings from?greater than 250 to 560 cps?(51.0 to 75.5 m)?
• The inaugural drilling program has been increased from 2,000 m to 2,500 m?
• Additional drill rig added to support increased meterage objective
• Elevated radioactivity within sandstone host unit remains open in all directions?

*Drill core from GH22-06 is currently being processed but displays similar elevated radioactivity to the reported drillholes. Drill hole GH22-04 was abandoned due to mechanical problems before hitting the intended horizon but will be restarted. All radioactivity has been measured with an RS-125 Scintillometer / Spectrometer. All readings are reported in counts per second (“cps”). All reported drillholes are vertical in inclination.?

Read full news release: https://krakenenergycorp.com/news/2022/kraken-energy-reports-elevated-radioactivity-in-five-drillholes-garfield-hills-property/