Land Holdings Expanded To 74,448 Hectares With Addition Of New Project At Red Cross Lake

ONTARIO - New Age Metals Inc. reported the procurement of 30, 668 hectares of mineral exploration license (MEL) area around Red Cross Lake, Manitoba. The Northman Lithium project is the Company’s third property acquisition of 2023. The MEL covers approximately a 28 km strike length of the North Kenyon Shear Zone and surrounds an associated LCT pegmatite swarm documented at Red Cross Lake with historical assays up to 1.25% Li2O and 2.86% Cs2O (LPG pegmatite) and 2.97% Li2O (SPG pegmatite).

The newly acquired Northman Lithium Project lies within the Oxford-Stull domain in Northern Manitoba’s Red Cross Lake greenstone belt which hosts highly fractionated lithium-bearing pegmatites and is significantly under-explored. All the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals.

Harry Barr, Chairman and CEO, said, “It is fantastic to see our research efforts and diligence paying off with the addition of this highly prospective ground. While we work and develop our Southeast Manitoba projects through the joint venture with Mineral Resources Ltd., we intend to be a leader and prospect generator for green metals in Canada. Our three recent 100% owned project acquisitions now give us a large lithium focused portfolio with excellent exploration targets in Northern Manitoba. Together with our technical team from Axiom Exploration Group Ltd., we are currently working on a comprehensive go-forward exploration plan for these properties as we patiently await the snow to melt so our crew can get boots on the ground.”