Vancouver, British Columbia--(Newsfile Corp. - October 20, 2023) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has signed a property option agreement dated as of October 18, 2023 (the "Option Agreement") with Rush Rare Metals Corp. ("Rush") pursuant to which Myriad has the option (the "Option") to earn up to a 75% interest in and to Rush's Copper Mountain Project (the "Property"), comprised of 110 mineral claims in the State of Wyoming covering approximately 1,911 acres. The Option Agreement replaces the binding letter of intent between the parties, as previously announced (see Myriad's news release dated September 18, 2023).

"This is a transformative deal for us with a superb partner in Rush," stated Myriad's CEO, Thomas Lamb. "Copper Mountain is a historic producer. One of its mines, the Arrowhead, produced 500,000 lbs eU3O8 in the 1950s and 1960s. The Property contains a number of other known uranium deposits and there is good potential to discover more. Rocky Mountain Energy, a subsidiary of Union Pacific, drilled approximately 2,000 boreholes at Copper Mountain between 1969 and 1980. They spent upwards of US$78 million advancing Copper Mountain (2023 dollars), planned a mine for one of its deposits, and built a leach pad. Operations came to a halt in 1980 due to falling uranium prices. There is also a great deal of exciting exploration upside at Copper Mountain. Known high-grade areas have not yet been followed up, and new, more modern paragenesis theories could guide us to big discoveries. see & read more on
https://www.newsfilecorp.com/release/184637/Myriad-Acquires-Earnable-75-Interest-in-the-Copper-Mountain-Uranium-Project-in-Wyoming-USA