Foremost to Form Joint Ventures with Denison for GR and Blackwing Properties and to Issue Warrants at a Significant Premium

Foremost Clean Energy has entered into an agreement with Denison Mines to sell a 31% interest in the GR and Blackwing properties in the Athabasca Basin, form two exploration joint ventures, and issue 1,031,191 warrants at $1.80 per share (175% premium) for $650,000 total consideration. Foremost retains 20% ownership and has a 6-month grace period for initial expenditures. The company also received a Nasdaq compliance notification regarding minimum bid price requirements.