Snow Lake Resources Ltd.

Uranium Technology Development

As a part of the due diligence for the Urenco investment, Ubaryon received independent technical reviews confirming the technology is currently at Technology Readiness Level ("TRL") assessment level of TRL-4.

Moving forward, Ubaryon is continuing development with a defined development program intended to support progression toward TRL 5 over the next three years, subject to technical milestones. Ubaryon has achieved significant progress both in fundamental understanding and process control of the Ubaryon Enrichment Technology, and in the optimisation of the enrichment process operating parameters. The value in Ubaryon's technology is derived from its simplicity compared to other processes and value accretion is expected as the technology continues to advance through successive development milestones.

Following the investment received from Urenco and as planned for - Ubaryon has now secured additional personnel to support Ubaryon's development both commercially and technically. This staffing will enable their support laboratory to provide relevant and improved chemical and isotope analysis to accelerate technical progress in all areas. The additional personnel expand Ubaryon's internal analytical and laboratory capabilities, supporting accelerated development across multiple workstreams.