IsoEnergy Acquires 2,135,760 Premier American Uranium Shares And Warrants For $1.158M Via Issuance Of 100,000 IsoEnergy Shares At A Price Of $11.58/Share

IsoEnergy Ltd. ("IsoEnergy", or the "Company") (NYSE:ISOU) (TSX:ISO) is pleased to announce that it has acquired (the "Transaction") 2,135,760 common shares (the "PUR Common Shares") of Premier American Uranium Inc. ("PUR") and warrants to acquire an additional 2,708,627 PUR Shares in consideration for the issuance of an aggregate of 100,000 common shares of the Company (the "ISO Shares"). The ISO Shares were issued at a deemed price of $11.58 per share, representing aggregate consideration of $1,158,000.

Immediately prior to the completion of the Transaction, the Company owned an aggregate of 4,245,841 PUR Common Shares and warrants to acquire 167,708 PUR Common Shares, representing approximately 6.27% of the outstanding PUR Common Shares on a non-diluted basis and approximately 6.50% of the outstanding PUR Common Shares on a partially-diluted basis assuming exercise of all of the warrants held by the Company  (before giving effect to the conversion of the compressed shares of PUR (the "Compressed Shares")). Assuming the conversion of all of the issued and outstanding Compressed Shares into PUR Common Shares, the PUR Common Shares and warrants held by the Company represented approximately 5.38% of the PUR Common Shares on a non-diluted basis and approximately 5.58% of the outstanding PUR Common Shares on partially-diluted basis assuming exercise of the warrants held by the Company.  

Following completion of the Transaction, the Company owns an aggregate of 6,381,601 PUR Common Shares and warrants to acquire an aggregate of 2,876,335 PUR Common Shares, representing approximately 9.42% of the outstanding PUR Common Shares on a non-diluted basis and approximately 13.11% of the outstanding PUR Common Shares on a partially-diluted basis assuming exercise of all of the warrants held by the Company (before giving effect to the conversion of the Compressed Shares). Assuming the conversion of all of the issued and outstanding Compressed Shares into PUR Common Shares, the PUR Common Shares and warrants held by the Company represent approximately 8.09% of the PUR Common Shares on a non-diluted basis and approximately 11.32% of the outstanding PUR Common Shares on partially-diluted basis assuming exercise of the warrants held by the Company.

The securities of PUR held by IsoEnergy are held for investment purposes. Although IsoEnergy has no current plans with respect to the securities, depending on market conditions, general economic and industry conditions, trading prices of PUR's securities, PUR's business, financial condition and prospects and/or other relevant factors, IsoEnergy may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of PUR.