Vancouver, British Columbia, November 5 th , 2025: Xcite Resources Inc. (CSE:XRI) (“XRI”, “Xcite”
or the “Company”), with its partner Eagle Plains Resources Ltd. (TSX-V:EPL) (OTCQB: EGPLF)
(“EPL” or “Eagle Plains”) are pleased to announce the beginning of the airborne geophysical survey on
the six Uranium City Projects. The survey equipment has been mobilized to commence a geophysical
survey on Beaver River, Black Bay, Don Lake, Gulch, Lorado and Smitty Projects.
Geotech Airborne Geophysical Surveys has been contracted to complete 697 line-km of helicopter-borne
surveying using Geotech’s proprietary VTEM Plus system, split between each of the 6 projects. Data
collection will include infill lines in areas with historical coverage, as well as extending surveying to
new areas.
The Uranium City area projects have potential for both Beaverlodge-style and basement-hosted uranium mineralization. Key features about the projects include:
- Outcropping, largely northeast-southwest-trending tectonic fabric;
- Electromagnetic conductors that have been confirmed as graphite-rich pelites within or near major faults;
- Anomalous uranium geochemistry and radioactivity associated with graphitic faults;
- Compelling property-wide evidence for hydrothermal alteration;
- Uranium mineralization with corresponding elevations in pathfinder elements.
These factors, along with the presence of a substantial uranium endowment in both basement rocks and
Athabasca basin cover rocks, indicate excellent potential for economic uranium mineralization within the
project. The mineralization, structures and alteration identified on the claims to date are strong indicators
of the possibility of a nearby source for the uranium mineralization.
About the Beaverlodge Uranium District
The Don Lake, Black Bay, Don Lake, Gulch, Black Bay, and Smitty projects are located in the
Beaverlodge District near Uranium City in the Lake Athabasca region of Saskatchewan. Occurrences of
uranium mineralization are abundant in the Uranium City area and have been explored and documented
since the 1940s. The Beaverlodge camp was the first uranium producer in Canada, with historic
production of approximately 70.25 million pounds of U3O8 completed between 1950-1982, with ore
grades averaging 0.23% U3O8. The two largest producers were the Eldorado Beaverlodge (Ace-Fay-
Verna) mine and the Gunnar uranium mine. The Beaverlodge area has seen limited uranium-focused
exploration since the early 1990’s.
Eagle Plains’ management cautions that past results or discoveries on proximate land are not
necessarily indicative of the results that may be achieved on the subject properties.
Beaverlodge-style uranium deposits host structurally-controlled, high-grade mineralization in veins and
breccia-fills within basement rocks. Mineralization often occurs at geological contacts and consists of
structures filled with hematite, chlorite and graphite associated with pitchblende.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a
director and officer of Eagle Plains, hereby identified as the “Qualified Person” under N.I. 43-101.
About Xcite Resources Inc.
Xcite Resources is an early-stage exploration company working to become a leader in the discovery and
development of energy transition metals. The uranium project portfolio in the Athabasca basin will
propel the Company’s efforts to achieve a high-grade discovery based on new geological modelling and
exploration thesis in a past-producing uranium camp dormant for 40 years. The Uranium City project
portfolio constitutes the Don Lake, Beaver River, Smitty, Lorado, Gulch and Black Bay properties.
On behalf of the Board of Directors of Xcite Resources Inc.
Jean-Francois Meilleur, CEO
Contact:
Jean-Francois Meilleur
CEO, Director and Shareholder
Xcite Resources Inc. (CSE:XRI)
jfmeilleur@paradox-pr.ca
+1 514 951 2730
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policies of the CSE) accepts responsibility for the adequacy or accuracy of this news
release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this news release constitute “forward-looking
information” as such term is defined in applicable Canadian securities legislation. The
words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they
relate to the Company, are intended to identify forward-looking information. All
statements other than statements of historical fact may be forward-looking information.
Such statements reflect the Company’s current views and intentions with respect to future
events, and current information available to them, and are subject to certain risks,
uncertainties and assumptions, including, without limitation: the potential of the
Company’s mineral properties; the estimation of capital requirements; the estimation of
operating costs; the timing and amount of future business expenditures; and the
availability of necessary financing. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by such forward-looking
information to vary from those described herein should one or more of these risks or
uncertainties materialize. Such factors include but are not limited to: changes in
economic conditions or financial markets; increases in costs; litigation; legislative,
environmental and other judicial, regulatory, political and competitive developments;
and exploration or operational difficulties. This list is not exhaustive of the factors that
may affect forward-looking information. These and other factors should be considered
carefully, and readers should not place undue reliance on such forward-looking
information. Should any factor affect the Company in an unexpected manner, or should
assumptions underlying the forward-looking information prove incorrect, the actual
results or events may differ materially from the results or events predicted. Any such
forward- looking information is expressly qualified in its entirety by this cautionary
statement. Moreover, the Company does not assume responsibility for the accuracy or
completeness of such forward-looking information. The forward-looking information
included in this press release is made as of the date of this press release and the
Company undertakes no obligation to publicly update or revise any forward-looking
information, other than as required by applicable law.