High-Grade Results From Drilling At Grass River Project

WINNIPEG - Snow Lake Resources Ltd. reported on the recently completed Grass River Project (GRP) Resource Drilling campaign. This data will be included in the next MRE following the maiden MRE. The dykes have yielded great results which are anticipated to provide the forthcoming resource with significant upside in terms of grade and tonnage. As noted by several geologists at the core house, several intersections of coarse-grained spodumene pegmatites were logged in multiple holes within the Grass River area.

Based on the initial wireframe modeling of the pegmatite dykes at Grass River, the Company has been able to identify a minimum of three distinctive spodumene bearing pegmatite dykes. Snow Lake Lithium's technical personnel in the field have hypothesized that there could be as many as five distinctive dykes based on core and field observations.

Based on the initial wireframe modeling of the pegmatite dykes at Grass River, ABH was able to identify a minimum of three distinctive spodumene bearing pegmatite dykes. Snow Lake Lithium's technical personnel in the field hypothesized that there could be as many as five distinctive dykes based on core and field observations. Due to this higher density of dykes within the Grass River area, Snow Lake Lithium will refer to this area as the Grass River Pegmatite Swarm. Based on these promising results additional drilling is planned for the fall and winter of 2023.

Dale Schultz, Snow Lake's Project Manager and VP of Resource Development, said, "We are excited with the drill results received to-date and are increasingly optimistic for the balance of the results to be received from the recent drilling campaign. As evidenced by the high-grade intercepts retrieved from the Grass River Pegmatite Swarm, we can infer additional dykes beyond those identified from the initial scoping study. We look forward to updating the market as those studies progress and remain steadfast in positioning the Company to begin initial site development in 2024 with construction and commissioning of the commercial mine to follow."