Toronto, Ontario – December 13, 2021 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce that it has received Exploration Work Authorization diamond drilling permits from Saskatchewan’s Ministry of Environment (the “Ministry”) for its 100% owned Shadow Uranium project (“Shadow”) in the Athabasca Basin area.

Baselode is encouraged by the Ministry’s decision to approve the diamond drilling exploration permits as a result of the Company openly accommodating additional exploration conditions during the extended duty to consult process.  Shadow was the first project staked by the Company as it believes the project area meets all of the criteria for hosting near-surface, basement-hosted, high-grade uranium deposits. Baselode continues dialogue with the impacted Indigenous communities to ensure that mutually agreeable solutions and benefits with minimal disturbances to Indigenous Lands and Rights are addressed for the planned exploration activities within the Shadow project area..

The Company will continue to update regarding consultation progress with the Indigenous communities as more information becomes available. 

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 227,000 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.

For further information, please contact:

Baselode Energy Corp.

FIND on the TSXV

James Sykes, President and CEO

jsykes@uraniumgeologist.com

306-221-8717

www.baselode.com

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

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available