Foremost Clean Energy Strengthens Board with Appointment of Industry Leader Peter Espig

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has appointed Peter Espig to its Board of Directors, effective immediately, in a move that strengthens the company's leadership as it advances its clean energy and critical mineral portfolio. Espig, recognized among Industry Era's "Top 10 Admired Leaders of 2023," brings extensive experience guiding resource companies from exploration to production phases.

CEO Jason Barnard emphasized the strategic importance of this appointment, noting that Espig's expertise will help advance Foremost's clean energy and critical mineral projects. Barnard also highlighted that the recent appointment of Harpreet Bajaj as an officer further strengthens the company's leadership team, creating a comprehensive management structure capable of executing the company's growth strategy.

Espig cited several key factors that attracted him to Foremost, including the company's strong management team, its portfolio of uranium and lithium assets, and its NASDAQ listing. These elements collectively position the company for significant growth opportunities in the rapidly expanding clean energy sector. The appointment comes at a critical time as global demand for carbon-free energy continues to accelerate, creating substantial opportunities for companies focused on domestically mined uranium and lithium.

Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the uranium-rich Athabasca Basin region of northern Saskatchewan, with the exception of Hatchet Lake where Foremost can earn up to 51%. The company's uranium projects range from grassroots exploration to properties with significant historical exploration and drill-ready targets. For the latest updates on FMST, investors can visit the company's newsroom at http://ibn.fm/FMST.

Additionally, Foremost maintains a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec, with these projects at varying stages of development. The company's mission focuses on making significant discoveries through systematic and disciplined exploration programs, working in collaboration with Denison Mines. The full press release detailing these developments is available at https://ibn.fm/mHD5g.

This leadership enhancement comes as both uranium and lithium markets show strong growth potential, driven by increasing global demand for clean energy solutions and electric vehicle adoption. The strategic appointments position Foremost to capitalize on these market trends while strengthening its operational capabilities across its diverse portfolio of critical mineral assets.