Update to Spring Drilling Program The WT Project

KELOWNA, BC - Enertopia Corporation (ENRT) reported that the higher-grade green Lithium claystone horizon intersected in the 2022 drilling program, has been extended to depth & along a further 2,900 feet to the south with the first five completed drill holes. Drilling this year has increased the green claystone horizon from 120 feet in depth, to 295 feet in depth. Furthermore, a second claystone horizon has been drilled down to 400 feet in depth in the first drill hole of the year DH23-01. Below are the drill hole observations from the first phase of drilling in 2023.

DH23-09 was drilled 2,900 feet south from the drill hole DH22-10, which was drilled last year and returned 1,045 ppm Li at a depth of 170 feet, which was the end of hole depth. Keep in mind that drill hole DH23-09 is still over 1,500 feet from the southern property line. DH23-08 and DH23-12 were drilled 950 feet and 1,700 feet east of hole DH23-09 respectively.

The program's focus to date has been on completing drill holes into the anticipated areas of the higher-grade upper claystone horizon, which is currently estimated to cover approximately 640 acres. The additional drill hole data will further help to define the stratigraphic and structural controls affecting claystone deposition & preservation over the area.The Company is excited about adding to the green claystone horizon that returned the higher lithium grades from last year's drilling program, and look forward to seeing what the drill bit reveals as the 2023 drill program progresses.

Upon completion of the 2023 drilling program, the Company will commission the writing of an inaugural 43-101 report for the West Tonopah Project, which covers 1,760 acres. If possible, it may look at completing a preliminary feasibility study in 2024 pending the 43-101 results and recommendations from the report.