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MN–S Welcomes Matt Vermette as New Chief Operating Officer

December 1, 2021 – Saskatchewan – Following the retirement of Louise Simard as Chief Operating Officer (COO) in 2020, Métis Nation–Saskatchewan officially welcomes Matt Vermette as the new COO.

Born and raised in Prince Albert, Matt is a proud MN-S citizen with strong Métis roots. An accomplished entrepreneur, academic, and leader, Matt has devoted much of his professional career to working with Métis entrepreneurs, Locals, Regions, communities, and institutions in Saskatchewan.

His extensive work experience spans over twenty years of entrepreneurship, consulting, and business management experience, including fifteen years as an executive manager (in both chief executive and chief operating roles). Through his work and academic experience, Matt has acquired extensive expertise in organizational management, policy analysis and development, business/organizational strategy, governance, organizational analysis, and business planning.

Prior to joining MN-S, Matt was the CEO of the Northern Research Group. An expert in Indigenous economic development, Matt was recently recognized as Saskatchewan’s 2021 Indigenous Economic Developer of the Year by the Saskatchewan Indigenous Economic Development Network. He has advised Métis entrepreneurs on hundreds of business opportunities in every sector of the economy, participated in the creation and enhancement of numerous Métis community economic development corporations, and designed both Provincial and National strategies to enhance Métis entrepreneurship and economic inclusion.

Matt holds a Bachelor of Arts in Business Economics and a Master’s of Science from the Department of Bioresource Policy, Business, and Economics at the University of Saskatchewan. He has a strong connection to the land and when he’s not working or spending time with his husband Sam and newborn son Archer, he can often be found harvesting game or traditional resources throughout his family’s traditional territory of St. Laurent, Duck Lake, Horse Lake, and Prince Albert, Saskatchewan.

Matt’s experience, education, and personal background are an incredible asset to MN–S. As a Métis Government, MN-S continues to build capacity with strong hires and ambitious, experienced staff who share our vision for the future of the Métis Nation.


About Métis Nation–Saskatchewan

Métis Nation–Saskatchewan (MN–S) is the recognized government of the Métis Nation in Saskatchewan. MN–S is built on a foundation of Métis identity, culture, values and language. MN–S works to advance Métis rights and recognition. MN–S represents the political, socioeconomic, cultural and educational interests of more than 80,000 Métis in the province through an elected representative system at local, regional and provincial levels.

For media inquiries:

Julia Burns – MN–S Director of Communications 306-850-1670 or [email protected]


Saskatchewan Housing Corporation Helps All Nations Hope Network Expand Services

December 1, 2021

Saskatchewan Housing Corporation (SHC) is transferring ownership of one of its buildings to All Nations Hope Network (ANHN), allowing the organization to expand the services offered through its Awasiw program.

Awasiw, operated by ANHN, is a 24-hour drop-in centre for individuals who are at-risk or experiencing homelessness. The centre also offers supports, services and programs to vulnerable Indigenous people, as well as a warming station. Awasiw will soon begin operating out of 2735 – 5th Avenue in Regina, a former commercial building owned by SHC.

“Transferring this building from SHC to All Nations Hope Network demonstrates our government’s commitment to working with Indigenous organizations in response to the Truth and Reconciliation Calls to Action,” Social Services Minister and Minister Responsible for SHC Lori Carr said. “We appreciate the dedication of All Nations Hope Network as they work to support people in need through its unique and important programming. This expanded space will allow for the continued operation of its drop-in centre, as well as the critical support provided to people in need, for years to come.”

All Nations Hope Network is one of the founders and long-standing partners of this project, which was built in 2007.  The transfer of ownership of the building to ANHN aligns with Article 23 of the United Declaration of Rights of Indigenous People and the Truth and Reconciliation Calls to Action.

“All Nations Hope Network’s greatest asset is an Indigenous approach that supports a stigma-free environment where we treat everyone who comes through our doors as our relatives,” ANHN Director of Operations Lana Holinaty said. “Our services are grounded in culture and tradition and our solutions respond to the needs of the people that seek out the services of ANHN. Having access to this space is a substantial addition to the community that All Nations Hope works for. This additional space will allow ANHN to operate existing outreach services and programs in a larger space where we can better accommodate the people that walk through the doors of the Place of Hope or Awasiw.”

ANHN has been in operation for more than 20 years and provides frontline services to Indigenous people who are living with or at risk of contracting HIV/AIDS, Hepatitis-C, addictions and/or mental health issues. ANHN offers regular testing services, as well as access to Elders, traditional medicines, naloxone kits, nutritious meals and more. Approximately 400 people per day receive service from ANHN and Awasiw and rely on the food security and safe space it provides to people of all ages and abilities.

For more information on the programs and services offered by ANHN, visit


For more information, contact:

Leya Moore
Social Services
Phone: 306-787-3610
Email: [email protected]


CIF_SK: Celebrating 25 Years

The Community Initiatives Fund is celebrating twenty-five years of granting and leadership in Saskatchewan. A lot has changed over the past twenty-five years, but what hasn’t changed is CIF’s commitment to supporting community-based, community-led initiatives that enhance wellbeing for Saskatchewan citizens.

As of March 31, 2021, CIF has approved a total of $175 million in grants to support the delivery of programming, services, commemorative events, and facility improvements in 510 communities across the province. Looking to the future, CIF will continue to support initiatives that enable participation in inclusive programming that supports the wellbeing of Saskatchewan individuals, families, and communities.

Join us as we take a look back at CIF’s longstanding history and reflect on the years to come. These milestones, relationships, and learnings are explored through the Celebrating 25 Years publication.

Celebrating 25 Years PublicationCelebrating 25 Years Video

Feature Story: Promoting Community Resiliency

The Pandemic has emphasized how important sport, recreation, and cultural programming is to our overall wellbeing. The focus of our program has been to enhance mental, physical, and social wellbeing, while encouraging smaller group activities, individual family activities, social distancing, and safety for all.

After the major lockdown that started in March of 2020 everyone in the community has been very grateful for any and all programming that we have been able to offer. We have found it challenging but rewarding to be able to adapt our programs to whatever restrictions are in place. We have become very good at quickly making changes to programs to fit the protocols, at the time – it has made us better, ore creative and more flexible programmers which will be a benefit into the future.

Continue reading…

We are extremely appreciative of the Government of Saskatchewan for an Emergency Pandemic Response Gaming Grant of $4 million for the 2021-22 fiscal year. This grant to the CIF is intended to help offset the loss of $8 million the CIF would normally receive due to the temporary closure of Casinos Regina and Moose Jaw. This will allow us to continue providing funding through our regular Community Grant Program to support the delivery of programs and services in communities throughout Saskatchewan.

COVID-19 may present unexpected challenges for Saskatchewan organizations that have received or are seeking CIF grants to support programs. For the health and safety of all, please adhere to current provincial regulations as well as the Re-Open Saskatchewan Plan when considering your programming. We recognize that your CIF funded programs may be impacted and encourage you to check out CIF’s Response to COVID-19 FAQ and contact us ([email protected] or [email protected]) to discuss any anticipated changes and we’ll work with you to explore options.

For updates on CIF’s grant programs, continue to visit our website, sign up to receive our e-updates, and follow us on Facebook and Twitter.

Scam Alert!

There is someone that we believe is from the US posing as staff from the Community Initiatives Fund. They contact people through Facebook claiming that the person’s name is listed on CIF’s ‘winners list’ and request bank information to transfer their winnings. If you are contacted by someone in regard to this, we urge you to contact your local authorities.

To be clear, this is NOT the Community Initiatives Fund. We ONLY fund incorporated Saskatchewan nonprofit organizations through a rigorous application and review process. We do not provide funds to individuals. If you have any questions or concerns, please contact our Executive Director, Tracey Mann at 306.780.9395.


Fission Commences Environmental Assessment for PLS Project

KELOWNA, BC , Dec. 1, 2021  – FISSION URANIUM CORP. (” Fission ” or ” the Company “) is pleased to announce the Saskatchewan Ministry of Environment (“MOE”) has formally accepted the recently submitted Project Description (“Technical Proposal”) for the PLS uranium project (the “Project”) in Saskatchewan, Canada . With this acceptance, Fission has now commenced the Environmental Assessment (“EA”) as per the requirements of The Saskatchewan Environmental Assessment Act.  Fission has requested approval under Section 15 of the Act and is looking for a determination from the Saskatchewan Minister of Environment that the Project is a Development. The result of this is that Fission will be required to produce an environmental impact assessment (EIA) for the Project.  In support of this, Fission has also submitted a draft Terms of Reference that will be finalized by the province in consultation with other stakeholders. The final Terms of Reference will guide Fission’s EA development.

While the proposed project does not formally trigger an Impact Assessment (IA) under the Canada Impact Assessment Act, 2019, there will be close coordination required between the province and the Canadian Nuclear Safety Commission (CNSC), Canada’s life cycle nuclear regulator, to ensure that the EA includes components that will support the environmental aspects of CNSC licensing. Fission is currently working with CNSC to explore the most appropriate time for submission of an Initial License Application.

Ross McElroy , President and CEO for Fission, commented, ” Fission is very pleased to be commencing the EA process, and we will be working closely with all rights holders and stakeholders as well as the government regulatory bodies as we advance towards this important milestone for our PLS project. As a result of nearly ten years of detailed environmental data collection and analysis, initial engineering studies, together with respectful, honest engagement with our local communities, the Company starts the EA in a strong position as it advances towards the next phase of development.”

Project Summary

The 100% owned PLS Project is a proposed uranium mining and milling operation that will be owned and operated by Fission Uranium. The project is located in Treaty 8 Territory and Homeland of the Métis in the southwestern Athabasca Uranium Basin region of northwestern Saskatchewan, Canada . The project is situated approximately 157 km north of the town of La Loche , and 640 km by air northwest of Saskatoon . The mineral resource base for the Project is the Triple R Deposit, Canada’s premiere, large, shallow-depth, high-grade basement-hosted uranium deposit.

Fission has been engaging with local rights-holder and stakeholder communities since exploration began at PLS in 2011. Engaging openly and honestly, building strong relationships, and working collaboratively with the local communities is important to Fission, and the Project would not be where it is today without community input.  Since 2011, community feedback has inspired Fission to adopt a robust approach to environmental studies, monitoring, and stewardship informed by western science and Indigenous knowledge. Community feedback also prompted Fission to adjust the project approach by selecting an underground-only mining plan in place of a hybrid approach, which would have impacted Patterson Lake , and choosing not to realign the highway.

Through strategic community investments, Fission aims to help communities reach their goals by supporting local educational, cultural, and health initiatives, and by prioritizing the hiring of local community members and suppliers. During the EA process and future phases of development, Fission looks forward to continuing to work closely and transparently with local rights-holders and stakeholders.

The Project as proposed will include underground and surface facilities to support the mining and processing of uranium ore from the Triple R Deposit. The primary components included in the Project scope for the EA, are:

  • Underground mine development utilizing both ramp and shaft access;
  • On-site surface processing plant to produce yellowcake;
  • Surface facilities to support the short and long-term storage of ore and waste rock;
  • Surface Tailings Management Facility (TMF) to store all processing tailings;
  • Water management and effluent treatment facilities; and
  • Site support infrastructure including accommodation facilities for personnel, an airstrip for transporting personnel, maintenance shops, warehouse, and offices.

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralized “zones” which collectively make up the Triple R deposit. From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Through successful exploration programs completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit.  The discovery hole was announced on November 05, 2012 with drill hole PLS12-022, from what is now referred to as the R00E zone.

The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55 m to 100 m .  R1515W is the western-most of the zones and is drill defined to ~90 m in strike-length, ~68 m across strike and ~220 m vertical and where mineralization remains open in several directions.  R840W is located ~515 m to the east along strike of R1515W and has a drill defined strike length of ~430 m.  R00E is located ~485 m to the east along strike of R840W and is drill defined to ~115 m in strike length.  The R780E zone and R1620E zones make up the eastern region of the Triple R deposit.  Both zones are located beneath Patterson Lake where water depth is generally less than six metres and overburden thickness is generally about 50 m .  R780E is located ~225 m to the east of R00E and has a drill defined strike length of ~945 m.  R1620E is located ~210 m along strike to the east of R780E, and is drill defined to ~185 m in strike length.

The Company completed and filed a prefeasibility “PFS” study on November 07, 2019 titled “Pre-Feasibility Study on the Patterson Lake South Property Using Underground Mining Methods, Northern Saskatchewan, Canada “.  The report summarizes the Pre-Feasibility Study (“UG PFS”), which outlines an underground-only mining scenario for PLS which to date has only considered the R00E and R780E zones.  Further work, including additional drilling may provide sufficient data for future inclusion of the R1515W, R840W and R1620E zones into the Feasibility Study mine plan.

Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration.  Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes the nearby Nexgen Arrow deposit located 3km to the east and UEX-Areva Shea Creek discoveries located 50km to the north.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy , P.Geol., President and CEO for Fission Uranium Corp., a qualified person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna , British Columbia.  Fission’s common shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF.”


“Ross McElroy”


SIGA: Rider Nation Progressive Touchdown Jackpot

One lucky winner hit the Rider Nation Progressive Touchdown Jackpot winning more than $79 thousand over the weekend.

November 29, 2021 – Saskatoon, SK – The Saskatchewan Indian Gaming Authority (SIGA) is pleased to announce the Rider Nation Touchdown Jackpot was won at the Northern Lights Casino in Prince Albert this past Saturday.

Micah Daniels from Sturgeon Lake, Saskatchewan won the jackpot totaling $79,360.78 on Saturday, November 27, 2021. He was presented his winnings by management at the Northern Lights Casino over the weekend.

“On behalf of employees and management at Northern Lights Casino and all of SIGA, I would like to formally congratulate Micah on becoming the newest Rider Nation Jackpot winner,” said Northern Lights Casino General Manager Richard Ahenakew.

SIGA’s exclusive Rider Nation consists of a total of 48 slot machines across all seven casinos with guests spinning to win one of four jackpot tiers.


For more information, please contact:
Alanna Adamko
Director of Communications & Media Relations
Saskatchewan Indian Gaming Authority
[email protected]


Paper Excellence and One Sky Forest Products announce Prince Albert co-location agreement

[Richmond, BC] – Paper Excellence and One Sky Forest Products (One Sky) today announced they have signed a non-binding co-location agreement. According to the agreement, One Sky will co-locate its new oriented strand board (OSB) operations at the existing Prince Albert mill site.

Co-location means that One Sky will occupy approximately 10 percent of the existing property, and the two companies will share log storage areas and existing infrastructure, including electrical, natural gas, and rail lines. Both companies recently received softwood and hardwood fibre allocations from the Government of Saskatchewan.

“On behalf of Paper Excellence, I am pleased to announce this agreement with One Sky and begin moving forward with them on a co-location partnership,” said Carlo Dal Monte, Vice President, Energy and Business Development. “As we continue to work towards restarting Prince Albert Pulp Inc., this agreement is an example of how important co-operation and collaboration is to both the forest industry and to Saskatchewan’s economic growth overall.”

“We are very pleased to co-locate with Paper Excellence. This partnership is another indication of the growing strength of the Saskatchewan forest industry and an important milestone in progressing our new OSB facility in Prince Albert,” said Brian Fehr, Chairman of One Sky Forests Products.

One Sky is pleased to complete another critical development milestone for the new OSB facility and looks forward to continuing to progress this exciting project.


Paper Excellence, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers. The company operates seven mills and a large-scale cargo distribution centre in Canada producing and shipping over 2.8 million tonnes annually with a workforce of more than 2,800. Paper Excellence is poised to continue to grow with its strategy of operational excellence and high-quality, cost-effective products.

One Sky Forests Products Ltd. is a privately held Saskatchewan corporation formed to construct and operate the One Sky Oriented Strand Board plant in Prince Albert, Saskatchewan. It is a partnership between Peak Renewables Ltd. (including Brian Fehr and his experienced industry management team) and certain local investors, including Montreal Lake Business Ventures, Meadow Lake Tribal Council together with Big River First Nation, and Wahpeton Dakota Developments. The company is also sourcing fiber through additional First Nations located proximate to Prince Albert.

Media Contacts:
Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications | [email protected] | Mobile: (250) 732-7991
David Nikolejsin, Vice President, Corporate Development, Brian Fehr Group Holdings | [email protected] | Phone: 250-213-8170


Flying Dust hosting Indigenous women’s health program study – meadowlakeNOW

Dec 1, 2021

tic healthFlying Dust First Nation is hosting a 24-week holistic wellness program for women in the community.

Makoyoh’sokoi, the Wolf Trail program, is a study on the long-term health of Indigenous women using culturally relevant influences. The program has run for four years in three Albertan communities; Onion Lake Cree Nation, Calgary and Lloydminster.

By providing each woman in the program with resources and activities designed to improve physical, mental, spiritual and emotional wellbeing, the program facilitated through the University of Calgary is hoping to reveal how these changes can make improvements to the health of Indigenous women.

Read More:

SK Government: Support for Women Entrepreneurs

November 30, 2021

Today, the Government of Saskatchewan announced new support for women entrepreneurs in the province through two new programs, the Scale Up for Entrepreneurs program and the Digital Literacy for Entrepreneurs program. The government also released a new Women Entrepreneurs in Saskatchewan report, which provides statistical information about female self-employment and women-owned businesses and highlights examples of successful women-led businesses.

“Women entrepreneurs and Saskatchewan businesses continue to drive our economy,” Immigration and Career Training Minister Jeremy Harrison said.  “This funding will provide continued support for women and under-represented entrepreneurs to secure their financial self-sufficiency and create new jobs for Saskatchewan people through the scaling up of their businesses.”

“Women entrepreneurs are an important contributor to Saskatchewan’s economic growth and key to advancing our Growth Plan goals,” Minister Responsible for Status of Women Office Laura Ross said.  “Collaboration between partners is vital to supporting women entrepreneurs successfully and the Government of Saskatchewan is thankful for the work of Women Entrepreneurs of Saskatchewan (WESK).”

The new supports and statistical report further advance the recommendations in the Enabling Scale in Saskatchewan report developed by WESK’s Advisory Committee on Gender Entrepreneurship Gap.

“This announcement marks a milestone in the province in supporting women entrepreneurs to scale their businesses,” WESK CEO Prabha Mitchell said. “I’m pleased to see the government advancing two of the policy recommendations from the final report of the Saskatchewan Advisory Committee. The release of the Women Entrepreneurs in Saskatchewan report and the Scale Up for Entrepreneurs program will not only support women in scaling, but will also drive economic growth in our province.”

The Scale Up for Entrepreneurs initiative will provide $450,000 to help eligible Saskatchewan entrepreneurs receive relevant training to acquire skills and knowledge to grow their businesses. The program will include training to support skills development in areas such as leadership and management, business strategy, marketing and sales, financial management, human resource strategies and others. Eligible entrepreneurs will also have access to coaching and mentorship following the training. The program will provide support for 50 women and under-represented Saskatchewan entrepreneurs (Indigenous, visible minority, youth and persons experiencing disabilities) in Saskatchewan and is expected to be open to applications in January 2022.

The Digital Literacy for Entrepreneurs will provide $1.6 million to focus on addressing the digital literacy needs of entrepreneurs, including women entrepreneurs, who want to integrate digital technologies into the future success and growth of their business, while mitigating future risks associated with the application of technology. Programming will include basic operations, foundational, strategic and specialized digital skills to ensure appropriate programming for entrepreneurs in their service area. The program will provide support for over 300 participants and is expected to launch in early 2022.

The Scale Up for Entrepreneurs and the Digital Literacy for Entrepreneurs programs will be funded through the Canada-Saskatchewan Labour Market Transfer Agreements.

The Women Entrepreneurs in Saskatchewan report provides detailed data about women-owned businesses in Saskatchewan and female self-employment by sector from 2007-2020. The report also includes a comparison of how women-owned businesses compare to male-owned businesses in Saskatchewan and Canada for business indicators like employment, revenue and assets. The report can be viewed at

Innovation Saskatchewan (IS) also continues to propel the growth of women-led technology companies in the province. IS recently committed $60,000 in 2021 and 2022 to the Founders Table program through WESK. Founders Table is a mentorship program which brings together female technology entrepreneurs to gain new business skills, knowledge, and create industry connections. Innovation Saskatchewan partnered with WESK in 2019 to launch this initiative.


For more information, contact:

Robin Speer
Immigration and Career Training
Phone: 306-519-5006
Email: [email protected]

Jamie Toth
Status of Women Office
Phone: 306-533-4139
Email: [email protected]


With change, comes adaption and growth. We are no different. AFCS is evolving with the Friendship Centre Movement in Saskatchewan

With change, comes adaption and growth. We are no different.
AFCS is evolving with the Friendship Centre Movement in Saskatchewan

Today we are proud to announce the official launch of our new branding, visual identity, logo, and website.
These changes are symbolic and reflective of the changes that our peoples are experiencing. The Aboriginal Friendship Centres of Saskatchewan through growth and adaption, is paving the way to a bright future.

New Logo and Branding: This new design includes many aspects of Indigenous history and purpose. The
AFCS’s symbol is a representation of the deeper teachings within Indigenous culture by way of the braid in
the shape of Saskatchewan. A modern, clean design is symbolically inclusive of the 3 Indigenous peoples of Saskatchewan. It symbolizes the values shared by our peoples, and the idea that together we are stronger.

Our Visual Identity

“Watching the Friendship Centre Movement evolve and truly encompass the community needs throughout the province is a reason to celebrate and commemorate the rich history our Friendship Centres have within our province. Our rebrand reflects the evolution of the urban Indigenous space, while paying homage to the culture and teachings that have allowed communities to offer a safe space to provide culturally safe programs and services” said Laurie Bouvier, AFCS Executive Director.

New Website: The AFCS website is designed in collaboration with our staff, Board, and
member Friendship Centres. As you explore the website, you will find features and information about AFCS. You can learn more about our initiatives, meet our staff, read news & events, and read about all our member Friendship Centers.

“AFCS has been the foundation that advocates on behalf of the Friendship Centre movement provincially and nationally and has evolved into a brand that matches the design of strength, integrity and history of who we are. Our Friendship Centres belong to this amazing family that supports all Indigenous people and will continue to do so for many years to come. We celebrate new beginnings and look forward to the support and accomplishments being celebrated in the future throughout the website and how we are perceived throughout the province and beyond.” said Janet Carriere, President, Board of Directors for AFCS.

A Rich History and Bright Future: AFCS advocates for and represents Saskatchewan’s urban Indigenous
population and Friendship Centres which have been active in Saskatchewan since 1963. Since then, the
movement has grown within Saskatchewan to encompass 10 Friendship Centres. These centres are part of
the 125-member strong National Association of Friendship Centres. For years to come, AFCS will support
and spotlight the Centres and evolve with them as times change.

Please contact me with any questions. (306) 955-0762
Jason Belhumeur

Communications and Marketing Manager. Aboriginal Friendship Centres of Saskatchewan
[email protected] | [email protected]


Baselode Closes $9.2 Million Bought Deal Private Placement

TORONTO, ONTARIO – November 30, 2021 – Baselode Energy Corp. (“Baselode” or the “Company”) (TSX.V: FIND) is pleased to announce the closing of its previously announced “bought deal” private placement consisting of the sale of 8,000,550 units (the “Units”) at a price of $1.15 per Unit for aggregate proceeds of $9,200,632.50, including exercise in full of the over-allotment option (the “Offering”).

Each Unit was comprised of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant a “Warrant”), with each Warrant entitling the holder thereof to acquire one common share of the Company at a price of $1.60 for a period of 30 months following the closing. The Warrants were issued pursuant to a warrant indenture dated November 30, 2021 between the Company and Odyssey Trust Company, as warrant agent.

PI Financial Corp. (the “Lead Underwriter”) on behalf of itself and a syndicate of underwriters (the “Underwriters”) acted as the underwriter in connection with the Offering. As consideration for the Underwriters’ services, the Underwriters received a cash commission (the “Commission”) of $552,037.95 and issued to the underwriters an aggregate of 480,033 compensation options in the capital of the Company (the “Compensation Options”). Each Compensation Option is exercisable to acquire one common share of the Company at an exercise price of $1.15 for a period of 24 months following the issuance of the Compensation Option, subject to adjustment in certain circumstances.

The net proceeds of the Offering will be used to fund exploration and development expenses for the Catharsis, Hook and Shadow projects and for general working capital purposes. All securities issued pursuant to the Offering, including any underlying securities, will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws. Closing of the Offering is subject to all necessary regulatory approvals, including acceptance from the TSX Venture Exchange.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 226,900 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties. Baselode’s Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company’s preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling. The Company is listed on the TSX Venture Exchange under the symbol “FIND”. To Speak to the Company directly, please contact:

James Sykes

President and CEO

[email protected]



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