Deep Yellow Limited Drilling Results Confirm Strong Uranium Potential in Namibia



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Limited () continues to receive encouraging uranium results from the Tumas 3 resource extension drilling program in Namibia.

The strongest intersections of the last drillings include:

• 7 meters at 366 ppm uranium equivalent of 5 meters
• 1 meter at 1,096 ppm of uranium equivalent from 14 meters; and
• 7 meters at 612 ppm equivalent uranium from 5 meters

The total drilling on the Tumas Paleochannel for the six months ending June 30, 2018 was 10,765 meters with 363 holes

Tumas 3 palaeochannels

The drilling of the resource around Tumas 3 was aimed at further extensions of the mineralized zone delineated by the November 2017 drilling.

Significantly , latest drill confirmed continuous continuous uranium mineralization over more than 3

Tumas 3 mineralization, including newly identified tributaries, now occurs over 10.5 kilometers of continuous mineralization of uranium

This drilling has closed the mineralization to the east but remains open to the west, where further drilling is expected later in 2018.

Updated resource planned this month

The work to date highlights the strong potent E-exploration of uranium-fertilizer e) extensive paleochannel system in which lies the discovery of Tumas 3 expanding

. An updated resource estimate to include recent drill results is in progress and is expected to be released in mid-July 2018.

A new drill program for prospective paleochannels is planned to begin in mid-July

. It will first test targets in the eastern S-Bend and Tumas 1 areas, followed by more resource drilling west of Tumas 3.

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