Bayridge Resources Updates Baker Lake Uranium Project After Data Reinterpretation, Plans 2026 Exploration

Bayridge Resources Corp. (CSE: BYRG; OTCQB: BYRRF; FSE: O0K0) has completed a reinterpretation of historic airborne geophysical datasets for its 51%-owned Baker Lake Uranium Project in Nunavut, and is planning exploration activities for 2026. The project is located approximately 65 kilometres southeast of Baker Lake in the Kivalliq Region.

Data reinterpretation refines uranium targeting

The Company completed a reinterpretation of historic airborne geophysical data, improving target definition and enhancing understanding of structural controls on uranium mineralization across the project. Bayridge said the updated interpretation provides a refined framework for prioritizing targets ahead of the proposed 2026 exploration program.

Key points from the reinterpretation include:

• Historic airborne geophysical reinterpretation has refined and prioritized uranium targets across the Baker Basin.
• The original 2008 survey outlined 30 uranium-enhanced targets, which have been further constrained through integrated analysis.
• An integrated review of magnetic, radiometric, and electromagnetic (EM) data improved interpretation of structural controls and mineralization trends.
• Known mineralized occurrences show a consistent relationship with magnetic anomalies and uranium-associated radiometric responses, supporting the broader targeting model.

Cause and development: integrating structure, geophysics and known mineralization

Bayridge said the reinterpretation materially improved its understanding of the geological and structural framework controlling uranium mineralization at Baker Lake. The updated model highlights the spatial association between uranium mineralization, magnetic anomalies, and radiometric responses, reinforcing the exploration targeting approach across multiple areas of the property.

In remarks included with the release, Mark Richardson, Vice President of Exploration, said the integration of historical drill-confirmed mineralization at Lucky 7 and KZ, along with additional target definition at Atlas and Andromeda, provides a stronger foundation for prioritizing follow-up work and future drill testing.

Planned 2026 exploration program

Bayridge’s planned 2026 field program is expected to focus on refining drill targets through integration of geophysical and geochemical datasets and field-based validation. The program is described as including:

• Surface mapping and prospecting across priority target areas
• Completion of environmental and archaeological baseline studies
• Refurbishment of a historic exploration outpost to support field operations
• Follow-up evaluation of targets identified through geophysical reinterpretation

Subject to permitting and initial results, the Company plans up to 3,500 metres of helicopter-supported diamond drilling to test priority uranium targets. Bayridge said it has secured a drilling contractor and is advancing planning for the program.

Target pipeline: priority areas and historic drilling results

Delta (Lucky 7 and KZ Zone trends)

Delta is described as Bayridge’s most advanced target area, including the Lucky 7, KZ Zone, and KZ Zone SE trends, where historical 2006–2007 drilling by Pacific Ridge confirmed a structurally controlled uranium system.

Bayridge reported the following historic drill results:

• Lucky 7: 17.3 m at 0.30% U3O8 in L7-07-08; and 10.0 m at 0.35% U3O8 in L7-07-10.
• KZ Zone: 11.5 m at 0.31% U3O8, including 5.5 m at 0.56% U3O8 in KZ-06-02; and 5.2 m at 0.40% U3O8, including 2.0 m at 0.90% U3O8 in KZ-06-04.

The Company said these historical results confirm bedrock uranium mineralization and support Delta as a priority drill target for 2026, with mineralization traced to depths of more than 500 metres.

Atlas (multi-kilometre corridor)

Atlas is described as a multi-kilometre target corridor defined by airborne geophysics and regional geological mapping, with coincident radiometric and conductive features supporting its uranium potential. Within Atlas, Iris is identified as a 2026 priority for mapping and prospecting at the junction of a conductive anomaly and the interpreted unconformity.

Andromeda (radiometric anomaly)

Andromeda is described as a large, underexplored radiometric anomaly with supporting geophysical signatures. Bayridge said it represents a district-scale exploration opportunity and is prioritized for systematic surface work and target refinement in 2026.

Project overview and exploration context

The Baker Lake Uranium Project comprises 83 contiguous claims covering 619 km2 in Nunavut’s Kivalliq Region. Bayridge said exploration has defined a 75-kilometre unconformity corridor hosting multiple uranium targets supported by historical drilling and airborne geophysical surveys.

Qualified Person

Mark Richardson, P.Geo. (NAPEG #2451), Vice President of Exploration, is identified as the Qualified Person under NI 43-101 and has approved the technical content of the release.

About Bayridge Resources Corp.

Bayridge Resources Corp. is described as a green energy exploration company advancing a portfolio of Canadian uranium projects. Its 51%-owned Baker Lake Uranium Project comprises 83 contiguous claims covering approximately 619 km2 in the Kivalliq Region of Nunavut, with a 75-kilometre unconformity corridor hosting multiple uranium targets supported by historical drilling and modern airborne geophysical surveys.

Bayridge has also earned a 40% interest in the Waterbury East Project, located approximately 25 kilometres northeast of the Cigar Lake Mine in the northeastern Athabasca Basin. The Company said geophysical surveys have identified a 7-kilometre conductivity corridor, where historical drilling from the mid-2000s intersected faulted and altered basement rocks with localized uranium enrichment, and significant portions of the corridor remain untested.