Baselode Webinar Released: "Catharsis and Gravity" and Receives Exploration Permits for Catharsis Uranium Project

TORONTO, May 25, 2021 - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to present its latest webinar 'Catharsis and Gravity'. This webinar details the exploration potential of the Company's 100% owned Catharsis uranium project ("Catharsis") and highlights:

1. Results and interpretations from the recently completed gravity and magnetic survey,
2. Interpretations of the favourable geological environment of Catharsis which indicates potential deposit-scale uranium mineralization,
3. Our methodology for targeting drill holes,
4. How Catharsis fits into Baselode's Athabasca 2.0 exploration model.

VIEW BASELODE'S WEBINAR:
PART 4 - CATHARSIS AND GRAVITY

Permitting and Community Engagement for Catharsis
The Company has received exploration permits from the Saskatechewan Ministry of Environment for the ground prospecting, mapping and sampling work, effective on June 10^th. The Company remains actively engaged with positive dialogue to identify exploration timelines and parameters with Indigenous communities who have traditional lands in the Catharsis area.

About Baselode Energy Corp.
Baselode currently controls 100% of approximately 171,000 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 model 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.

QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Projects Manager for Baselode Energy Corp., who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

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.

SOURCE Baselode Energy Corp.