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Baselode Appoints Joel Friedman to CFO

Press Release

TORONTO, ONTARIO – May 3, 2022 – Baselode Energy Corp. (“Baselode” or the “Company”) (TSX.V: FIND) is pleased to announce that Joel Friedman has been appointed the Company’s Chief Financial Officer. Joel is a finance professional with over 13 years of experience working in the mining and cannabis industries. Most recently, Joel served as the CFO of Khiron Life Sciences Corp, prior to this, he was Vice President, Finance at CannTrust Inc., and Director of Finance at Primero Mining Corp.  and senior finance roles at Banro Corporation and Iamgold Corporation. Mr. Friedman began his career at Deloitte in the Real Estate and Resources group, where he worked with a variety of publicly listed clients throughout the mining lifecycle, from exploration to multi-asset operators. Mr. Friedman holds a CPA, CA and Honours Bachelor of Business Administration from the Schulich School of Business at York University, Canada.

Baselode and the Ore Group would also like to announce the departure of Kevin Canario, the Company’s outgoing CFO. The entire Ore Group team thanks Mr.Canario for his dedication to the team and Company’s shareholders and wishes him the best in his future endeavours.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 226,900 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties. Baselode’s Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company’s preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling. The Company is listed on the TSX Venture Exchange under the symbol “FIND”. To Speak to the Company directly, please contact:

James Sykes

President and CEO

[email protected]

306-221-8717

www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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