Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

TORONTO, March 20, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR) and American Future Fuel Corporation (“AMPS” or “American Future Fuel”) (CSE: AMPS, OTCQB: AFFCF, FWB: K14, WKN: A3DQFB) are pleased to announce that they have entered into an arm’s length definitive agreement (the “Arrangement Agreement”) on March 19, 2024, pursuant to which Premier American Uranium will acquire all of the issued and outstanding common shares of American Future Fuel (the “AMPS Shares”) by way of a court-approved plan of arrangement (the “Arrangement” or the “Acquisition”). American Future Fuel owns a 100% lease-hold interest in the Cebolleta Uranium Project (“Cebolleta” or the “Project”) located within the Grants Mineral Belt of New Mexico, United States, an area that is host to one of the largest concentrations of sandstone-hosted uranium in the world and is the fourth largest uranium district in the world.

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