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Assay Results Returned from Step-out Drill Program

Thunder Bay, Canada

„`We have received positive assay results from our 2023 winter drill program. The completed step-out drilling aims to support the expansion of known pegmatite zones at its 100%-owned Georgia Lake Lithium project with successfully drilled 17 exploration holes for a total of 3,676 meters in the first months of 2023, at the Main Zone North (MZN) and McVittie deposits.„`

We intend to increase mineral resources at Georgia Lake Project during 2023 and 2024 through a set of phased exploration programmes. The first phase of this commitment (“Phase I”) has been the completion of the winter drill programme at MZN and McVittie.

“Rock Tech is pleased to have been able to follow up on our 2021-22 drill results from the MZN and past results from McVittie. Positive results obtained further support the strength of the deposits and extends our understanding of the known pegmatites. We are currently preparing to follow up with a summer field programme and get ‘boots on the ground’ to support our commitment to our total land package at Georgia Lake.”

Robert Macdonald
General Manager Georgia Lake

We are also pleased to announce that it has initiated an extensive summer exploration programme (“Phase II”) that will focus on prospecting, mapping, and sampling around high priority targets. The work will be followed by trenching and channel sampling on select prospects in both the Northern Spodumene Pegmatite Area (NSPA) and Southern Spodumene Pegmatite Area (SSPA).

This work will follow up on the positive results of the 2022 field programme (see Rock Tech’s press release dated January 31, 2023) which sampled pegmatite prospects in close proximity to Rock Tech’s NI 43 101 compliant mineral resources (refer to Table 3). Figure 1 and Figure 4 illustrate the locations of the high priority spodumene-bearing prospects at Line 20, Camp 38, Conway East, Caral, Foster Lew, Jean Lake, and Aumacho, where our 2023 summer exploration programme will be focused. The results from Phase II are expected to generate additional drill targets for a Fall 2023 drill programme (“Phase III”).