Greenridge Exploration Initiates Airborne MobileMT Survey at the Sabre Uranium Project in Athabasca Basin, Saskatchewan

VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce the engagement of Expert Geophysics Surveys Inc. (“EGS”) to carry out a helicopter-borne Mobile MagnetoTellurics System (“MobileMT”) survey at the Sabre Uranium Project (the “Sabre Property”, or the “Project”) located in the northern Athabasca Basin region of Saskatchewan, Canada.

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VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“ Greenridge ” or the “ Company ”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) , is pleased to announce the engagement of Expert Geophysics Surveys Inc. (“ EGS ”) to carry out a helicopter-borne Mobile MagnetoTellurics System (“ MobileMT ”) survey at the Sabre Uranium Project (the “ Sabre Property ”, or the “ Project ”) located in the northern Athabasca Basin region of Saskatchewan, Canada.

The MobileMT survey is planned to consist of 1,536-line kilometres at 200-metre line spacing over a 232 square kilometre area with the goal of mapping sub-surface magnetic signatures and detecting conductive zones within the margin of the Athabasca Basin that may be prospective for hosting uranium mineralization. Mobilization of fuel is planned during March 2025 to utilize the existing winter service road from Stony Rapids with the MobileMT survey scheduled to begin in the Spring of 2025. Figure 1 – Greenridge Exploration Sabre Uranium Property The Company believes that the use of the MobileMT system is ideal for the advancement of exploration at the Sabre Property, and the Company looks forward to the completion of the airborne survey and the interpretation of its results to develop new drill targets.

The Sabre Property is fully permitted for uranium exploration, including prospecting, geophysical surveys and drilling, until November 30, 2027. Engagement with local communities i.

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