International Lithium Corp. Begins Phase 3 Drilling At Raleigh Lake Lithium Project, Ontario, Canada |

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce the start of Phase 3 of the 2022 diamond drilling campaign at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

Further to Company's news release dated September 20, 2022; ILC has completed 6,251 metres core drilling at the Raleigh Lake project in the first two phases of drilling in 2022. Phase 3 began on September 28, 2022 with approximately 2,500 metres of proposed drilling.

The previous phase of drilling showed Lithium Oxide concentrations up to 3.62% over 6.46 metres and Rubidium Oxide up to a grade of 1.38% over 5.9 metres. Phase 3 will include continued exploration and infill drilling of Pegmatite 1 at Zone 1 (Figure 1) and testing new exploration targets at Zone 5, Zone 3 and Zone 6, defined by lithogeochemical surveys in 2021. The drilling objective at Zone 1 will be to trace the high-grade core of Pegmatite 1 up-dip, closer to surface, and investigate the possibility of additional pegmatites occurring below Pegmatite 1.

Two holes have already been completed at the Zone 1 pegmatite occurrences with drill hole RL22-45 intersecting 14 metres of pegmatite (Pegmatite 1) starting at 84 metres downhole*. The intersection includes 4 metres of monomineralic microcline from 85.5 - 89.5m. The microcline associated with Pegmatite 1 is known to contain highly anomalous rubidium concentrations and occurs in a distinct zone within Pegmatite 1 that could warrant declaring the rubidium in the upcoming resource estimate as a standalone commodity.

The second hole, RL22-46 was drilled approximately 75 metres west of RL22-45 and intersected Pegmatite 1 over 10 metres from 89 metres downhole. Here Pegmatite 1 was encountered roughly 15 metres deeper than modelling would suggest. A second spodumene bearing pegmatite was intersected from 108 - 110.5 metres downhole which aligns well with a deeper pegmatite vein encountered in drill hole RL22-27 (Figure 2). This new discovery will be followed up immediately in the next few drill holes.

The drilling at Zone 1 continues to confirm the continuity of Pegmatite 1 and the near surface prospectivity for additional lithium and rubidium bearing mineralization. The narrow pegmatites intersected below Pegmatite 1 present an opportunity for the discovery of one or more pegmatites at depth which could be open to expansion in all directions.

* All intervals reported here are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

Figure 1: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling, and planned exploration holes for Phase 3. Pegmatite 1 appears to have an enriched core trending up dip toward the northwest. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3232/139538_1b27258ea4331b7e_003full.jpg

Figure 2: Cartoon cross section B-B' (Figure 1) illustrating the orientation of Pegmatite 1 and the up-dip projection to its surface outcrop. Drill hole RL22-46 intersected Pegmatite 1 deeper than anticipated giving it an almost horizontal orientation in this section. A second spodumene bearing pegmatite, that appears to line up with a pegmatite vein intersected in RL22-27, was encountered at a deeper depth. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3232/139538_1b27258ea4331b7e_004full.jpg

John Wisbey, Chairman and CEO of International Lithium Corp., commented:

We have already found some excellent grades of Lithium Oxide as high as 3.62% at Raleigh Lake and in the first two phases of drilling this year we have done enough drilling to be on track for producing a maiden resource estimate in 2022. As well as further exploration of the Raleigh Lake claims area, this drilling is designed to give additional input into the size of such resource, and to give us and our geological partners further confidence in the data, for example the size of a separate rubidium resource in the microcline. Analysis of exact grades for this phase of drilling is expected to be finished after the maiden resource estimate. Once again, we would stress that only 8% of the area of our claims has been explored so far, and also stress again the excellent access to road and energy infrastructure in this project.

Quality assurance/quality control procedures

The drill program is under the control of a Professional Geoscientist, registered with Engineers & Geoscientists British Columbia.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

International Lithium Corp. believes that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. In addition, we have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that respect.

Our key mission in the next decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits.

A key goal has been to become a well-funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is now well placed in that respect with a strong net cash position.

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Wolf Ridge or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Company's projects, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139538

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce the complete assay results for Phase 2 of the diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

Further to Company news releases dated February 9, March 21, May 17, and June 23, 2022; ILC completed 6,251 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres. Phase 2 ran from May 12 to June 30, 2022 drilling 4,198 metres in twenty-six (26) holes (Table 1). Phase 2 saw six holes targeting Zone 2 and twenty holes within Zone 1. This brings the total to eight holes drilled at Zone 2 and twenty-eight at Zone 1 in 2022 so far.

Pegmatite 1 Spodumene Zone Intersection Highlights*

including 7.89 metres averaging 2.91% Li2O in the spodumene core zone (from 120.51m);

including 5.35 metres averaging 2.62% Li2O in the spodumene core zone (from 107.15m);

Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights*

* All intervals reported are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

Phase 2 Drilling Twenty of the twenty-six holes drilled during Phase 2 of the 2022 drilling campaign were cored in Zone 1 and tested the up-dip and eastern extent of Pegmatites 1 and 3. Zone 1 is a stacked set of shallow dipping pegmatite dykes that make up the main target of the first stages of exploration of the Raleigh Lake project.

Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600 metres x 400 metres for Pegmatite 1. The Phase 2 drill holes were drilled interstitially to historic drill holes and the Company's previous drilling (Figure 1). Pierce points were planned to be at approximately 50 metre step outs from one another in preparation for a maiden resource calculation and to better define the core zone of Pegmatite 1 and its associated rubidium rich component.

The high-grade core of Pegmatite 1 is trending up-dip towards the surface exposure (Figure 1 and 2). This trend provides an additional 250 metres of up-dip extension for the high-grade core from the current drilling, bringing a good portion of the target closer to surface. Additionally, there are several smaller spodumene bearing pegmatites intersected at deeper depths below Pegmatite 1 which the Company interprets as providing significant discovery potential below and to the north of the current target area.

Six holes from Phase 2 were cored into Zone 2 targeting structures interpreted from airborne magnetic data and supported by lithogeochemical surveys showing elevated lithium concentrations. The down dip projection of Pegmatite 2, a small surface exposure of spodumene-bearing pegmatite approximately 750 metres northwest of Pegmatite 1 with a similar structural orientation, was also tested during this program but access to suitable drill sites was restricted due to topographical and terrain constraints. Results were encouraging with some spodumene bearing pegmatitic veins being intersected but more importantly the continuity of the Zone 2 pegmatites, which dip consistently to the southeast, project below Pegmatites 1 and 3 at Zone 1. The down dip potential of these spodumene-bearing dykes will be further investigated in future drill programs.

A summary of the analytical results for Phase 2 is given in Table 2.

Phase 3 Drilling The Company is now preparing for the third phase of drilling in 2022 where an additional 1,500 metres of drilling will test portions of the up-dip component to Pegmatite 1 and approximately 1,000 metres testing a number of shallow targets identified in Zones 5 and 6 that are road accessible.

Table 1: Summary of drill holes cored during Phase 2 of the 2022 drill program at Raleigh Lake.

Table 2: Summary of significant mineralized intersections from Phase 2 Drilling at Raleigh Lake.

** All intervals reported in this table are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 70-100% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

Figure 1: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling. Pegmatite 1 appears to have an enriched core trending up dip toward the northwest. The Company will investigate this enrichment trend in upcoming drill programs.

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_003full.jpg.

Figure 2: Cartoon cross section A-A' (Figure 1) illustrating the orientation of Pegmatite 1 and the up-dip projection to its surface outcrop. Pegmatite 1 appears to have an enriched core, a rubidium rich zone in the form of a monomineralic microcline and is thicker than previously interpreted based on the exposed outcrop, which occurs in a heavily vegetated area. Note that smaller pegmatitic veins intersected in the drill holes are not shown.

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/3232/137801_dc95b566e437bb6d_004full.jpg.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

These are very good results with high grades of lithium and rubidium at Raleigh Lake, and we are increasingly enthusiastic about the prospects for this project. Now that we have our permissions in place for further drilling, we will shortly begin some of the additional drilling that we have been planning.

We should be on track to produce a Maiden Resource Estimate for Raleigh Lake by the end of 2022.

It should be stressed that the above results represent drilling on only about 8% of our 48,500 hectares for this project.

Quality assurance/quality control procedures International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm (Code RX1).

Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements that include detection levels for Li of 15ppm - 50,000ppm and rubidium of 0.4 to 5,000 ppm (Lab code UT7). Sodium peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and refractory minerals which are common to pegmatite.

Over limit analysis method: Samples that return with results above the instruments detectable levels for lithium (50,000 ppm) and Rb (5,000 ppm) are then re-analyzed by Assay Grade, Peroxide (Total) Fusion (Code 8 Peroxide ICP-OES).

The drill program was under the control of a Professional Geoscientist, registered with Engineers & Geoscientists British Columbia. The Company and its contractors carried out the program under full compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and provincial health authorities of Ontario to ensure the safety and health, for all personnel.

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137801

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce assay results for Phase 1 of the diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

Further to Company news releases dated February 9, March 21, and May 17, 2022; ILC is conducting a minimum of 5,000 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres (Table 1 and Figure 1). Eight holes targeted Pegmatite 1 in Zone 1 and two holes targeted Pegmatite 2 in Zone 2. All drill holes in Zone 1 encountered spodumene bearing pegmatites.

Pegmatite 1 Spodumene Zone Intersection Highlights*

Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights*

* True thickness, where reported, is based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, otherwise the reported intervals are drill intercept widths.

All eight holes from the 2021 maiden drilling campaign were cored in Zone 1 and tested the up-dip and eastern extent of Pegmatites 1 and 3. Zone 1 is a stacked set of shallow dipping pegmatite dykes that make up the main target of the Raleigh Lake project. Eight holes from Phase 1 were cored into Zone 1 and and all eight intersected spodumene-bearing pegmatites with holes DDH22-09 and DDH22-10 intersecting 8.5 metres and 13 metres true thicknesses of spodumene-bearing pegmatite respectively; at an approximated vertical depth of less than 100 metres (see Company news release dated March 21, 2022).

Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600 metres x 400 metres for Pegmatite 1. The Phase 1 drill holes were drilled interstitially to historic drill holes at step outs of 50 metres or more (if possible) to provide quantifiable data that can be used in a maiden resource calculation.

The first holes to be drilled at Zone 2 were targeting the down dip extension of Pegmatite 2, a small surface exposure of spodumene bearing pegmatite approximately 750 metres northwest of Pegmatite 1 with a similar structural orientation. Drilling locations were limited by topography resulting in a large step-out relative to the Pegmatite 2 outcrop. Encouragingly both holes DDH 22-17 and DDH 22-18, separated by a strike length of approximately 125 metres, intersected multiple metre and sub-metre scale pegmatite veins including a one metre scale vein (interpreted to be Pegmatite 2) containing moderate, patchy spodumene.

A summary of the analytical results for Phase 1 is given in Table 2.

As reported on May 17, 2022 The focus for Phase 2 was to test numerous lithogeochemical anomalies and alteration corridors identified in Zones 2, 3, 5 and 6 while continuing to test the extents of Pegmatite 1 and 3 in Zone 1. The Company is experiencing longer than anticipated wait times for the drilling permit to test targets defined in Zones 3, 5, and 6. As a result, drilling has remained within Zone 1 and 2.

At writing, the program has surpassed its targeted 5000 metres of drilling and will likely pause drilling for a few weeks while the permit process runs its course. The Company has re-prioritized drilling in the Zone 1 area where the high grade-spodumene and rubidium core can be traced closer to surface between the large gaps in the historic drilling. This will provide a much clearer picture of the mineralized zones to be used in an upcoming maiden resource estimate scheduled for later in 2022.

Table 1: Summary of drill holes cored during Phase 1 of the 2022 drill program at Raleigh Lake.

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_003full.jpg.

Table 2: Summary of significant mineralized intersections from Phase 1 Drilling at Raleigh Lake.

** All intervals reported in this table are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 60-80% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

Figure 1: Location of the Phase 1 drill holes at Raleigh.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_004full.jpg.

Figure 2: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling. Pegmatite 1 appears to have an enriched core trending updip toward the northwest. The Company is waiting on permits and will investigate this enrichment trend as soon as practical.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_005full.jpg.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"These are very encouraging analysis results from Zone 1 of our Raleigh Lake drilling based on the results from Phase 1 of our drilling. We are now well on the way to being able to release a maiden resource estimate for Zone 1 of Raleigh Lake late in 2022. The grades of lithium analysed so far are at the upper end of our expectations with up to 3.46% discovered. The rubidium also remains very interesting with up to 1.38% discovered.

Our Phase 2 drilling program at Raleigh Lake has now reached the 5,000 metres anticipated, with more good core samples from Zone 1, but with Zone 2 not very interesting and not a priority for further drilling. Owing to lack of permitting we have not yet been able to drill further north in Zone 1 to analyse the extent of the continuation of the Zone 1 pegmatites which we have already drilled extensively, nor have we been able to start drilling in Zone 5 which had the very high readings of rubidium and caesium as well as lithium that we announced on January 17, 2022. We will be starting drilling again as soon as practicable after receiving these permits which we now anticipate receiving at the end of July 2022. The permits have taken longer than usual, but our understanding is that this has been primarily due to staff shortages and turnover.

We will also shortly be starting aerial magnetic work on other parts of our wider Raleigh Lake claims and on our newly optioned Wolf Ridge property in Ontario.

Further announcements will be made at the appropriate time."

Photo 1: Upper rubidium zone as indicated by the monomineralic megacrystic microcline and the lithium rich spodumene core zone of Pegmatite 1 as encountered in RL22-09.

To view an enhanced version of Photo 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_006full.jpg.

Photo 2: RL22-10 showing Pegmatite 1 zonation of the spodumene core and a less developed microcline cap.

To view an enhanced version of Photo 2, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_007full.jpg.

Photo 3: RL22-13 showing the intense microcline mineralization of the rubidium zone in Pegmatite 1 with no associated spodumene zone.

To view an enhanced version of Photo 3, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_008full.jpg.

Quality assurance/quality control procedures

International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm (Code RX1).

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520.

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128731

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (the "Company" or "ILC") is pleased to announce that its common shares have today commenced trading on the OTC Markets Group's OTCQB Venture Market in the United States under the symbol "ILHMF" effective at the opening of trading on Thursday, June 16, 2022, and will continue to trade on the TSX Venture Exchange under the ticker symbol "ILC" and the Frankfurt Stock Exchange under the symbol "IAH". Existing U.S. shareholders of ILC will now find common shares quoted on the OTCQB without any further action needed. Investors in the United States can find current financial disclosure and quotes for the Company's common shares on https:www.otcmarkets.comstockILHMFoverview.

The OTCQB is recognized as an established public financial market for international companies, including natural resource companies in the exploration industry, to trade in the U.S. The OTCQB Venture Market offers companies the opportunity to build their visibility, expand their liquidity and diversify their shareholder base on an established, public market. The OTCQB offers transparent trading in early stage, exploration companies and provides annual verification and certification of management to investors thereby improving their level of information and trading experience.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"The OTCQB Market provides ILC access to a much larger audience of U.S. based institutional and retail shareholders. This upgrade to OTCQB is part of the natural evolution of ILC as a quoted company as we become a larger and stronger company in the lithium space, focused on the increasing requirement by the U.S., Canada and Europe for secure sourcing of green energy metals. We look forward to increasing the number of U.S. investors on our shareholder register."

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

0% (carries an extra earn-in payment of CAD $1.4M if resource targets met)

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in Ontario, and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128072

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International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the commencement of Phase 2 of the 5,000-metre drilling program previously announced on February 9, 2022 at the Raleigh Lake lithium, rubidium and caesium project near Ignace, Ontario.

ILC is conducting a minimum of 5,000 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres (Table 1 and Figure 1). Eight holes targeted Pegmatite 1 and 3 in Zone 1 and two (2), the first holes ever drilled at Pegmatite 2, were targeting Zone 2. All drill holes encountered spodumene bearing pegmatites.

All eight holes in Zone 1 tested the up-dip and eastern extent of Pegmatites 1 and 3, a stacked set of shallow dipping pegmatite dykes that make up the main target of the Raleigh Lake project. All eight holes intersected spodumene bearing pegmatites (Figure 2) with holes DDH22-09 and DDH22-10 intersecting 8.5 metres and 13 metres true thicknesses of spodumene bearing pegmatite respectively; at an approximated vertical depth of less than 100 metres (see Company news release dated March 21, 2022).

Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600 metres x 400 metres. The Phase 1 drill holes were drilled interstitially to historic drill holes at step outs of 50 metres or more (if possible) to provide quantifiable data that can be used in a maiden resource calculation.

The first holes to be drilled at Zone 2 were targeting the down dip extension of Pegmatite 2, a small surface exposure of spodumene bearing pegmatite approximately 750 metres northwest of Pegmatite 1 with a similar structural orientation. Drilling locations were limited by topography resulting in a rather large step-out relative to the Pegmatite 2 outcrop. Encouragingly both holes DDH 22-17 and DDH 22-18, separated by a strike length of approximately 125 metres, intersected multiple metre and sub-metre scale pegmatite veins including a one metre scale vein (interpreted to be Pegmatite 2) containing moderate, patchy spodumene.

The core has been logged and cut with samples submitted for chemical analysis. Initial assay results are expected later in May.

The focus for Phase 2 will be to test numerous lithogeochemical anomalies and alteration corridors identified in Zones 2, 3, 5 and 6. It will also continue to test the extents of Pegmatite 1 and 3 in Zone 1. The targets recently identified in Zones 3, 5 and 6 (Company news release dated January 17, 2022) are subject to the receipt of drilling permits.

The Zone 2 targets are located tens to hundreds of metres west of Pegmatite 2 that follow a structural corridor trending at approximately 035 degrees (similar to the orientation of Pegmatite 2). The local geology and lithogeochemical results demonstrate potential for the area to host multiple stacked pegmatite dykes analogous to Zone 1. Another high-level target in Zone 2 is identified as a structural corridor trending ~035 degrees terminating to the north in a large magnetic low domain coincident with a low-lying marshy area and surrounded by anomalous lithium values in bedrock as identified in earlier surveys. This speculative yet highly intriguing target will be tested early during the Phase 2 program if weather and environmental conditions permit.

The Zone 3 targets include southern extensions of the Zone 1 targets and stem from the Tanco exploration model developed for the emplacement of Pegmatites 1 and 3. Lithogeochemical work conducted in 2021 provides support for the model that unexposed pegmatites may be emplaced within certain structural domains to the southeast. Additional targets in Zone 3, based on lithogeochemical sample results, are subject to the receipt of drilling permits applied for earlier this year.

Zone 5 and 6 Targets (see January 17, 2022 news release)

The targets within Zone 5 and 6 are developed from recent lithogeochemical surveys conducted in 2021, following the expansion of the property. The lithium, caesium and rubidium results from the recent bedrock sampling surveys are encouraging enough to advance them to a drilling stage. The Company is awaiting the receipt of exploration permits applied for earlier in the year. Zone 5 is particularly encouraging because the new bedrock anomalies are highly elevated above background levels and align very well with the structural corridor that connects Zone 1 Pegmatites to the proposed source material of the Two Mica Granite a few kilometres to the southwest.

Zone 6 is another target area with numerous promising lithogeochemical anomalies identified from the bedrock surveys. One sample from this zone returned 339 parts per million ("ppm") caesium which is strongly indicative of a sample that is in close proximity to an LCT pegmatite. It is highly anticipated that these targets have the potential to host zoned pegmatites rich in pollucite, a caesium bearing mineral because the deposit model for the project suggests the evolving trend for pegmatites is to the east and southeast.

Table 1: Summary of drill holes cored during Phase 1 of the 2022 drill program at Raleigh Lake.

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/3232/124299_364463ac84428b60_003full.jpg

Figure 1: Location of the Phase 1 drill holes at Raleigh.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3232/124299_364463ac84428b60_004full.jpg

Figure 2: Location of all drill holes in the vicinity of Pegamtite 1 and 3 within Zone 1, highlighting the pegmatite intersections. Note that RL21-04 was terminated prior to intersecting pegmatite. Pegmatite 1 and 3 remain open with depth and additional holes are proposed to test the depth extent during Phase 2 and future drill programs.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/3232/124299_364463ac84428b60_005full.jpg

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"It is good to get drilling back underway for the further 3,000 metres being drilled in Phase 2 after the successful drilling program in Phase 1. We had a slight delay in starting Phase 2 owing to a late winter snow melt. We will make any material announcements as and when there is something significant to announce. We are now eagerly awaiting the analysis results for our earlier drilling, and we hope to receive the remaining drilling permits soon."

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124299

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International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the signing of an option agreement to acquire a 100% interest in 275 claim units (approximately 5,700 hectares) located 20 kilometres southwest of the town of Upsala, and 125 kilometres northwest of Thunder Bay, Ontario.

The property, now known as the Wolf Ridge property, is a grass roots lithium prospect recently highlighted in the "Ontario Geological Survey Resident Geologist Program Recommendations for Exploration 2021-2022." The report highlights lithium potential in the Bedivere-Lac des Mille Lacs Lakes Area based on results from a lake sediment geochemical survey. An excerpt from page 54 of the report states:

"The Ontario Geological Survey (OGS) completed a lake sediment geochemical survey covering the Atikokan area (Dyer 1999a). A cluster of lake sediment lithium anomalies located on the north arm of Bedivere Lake returned the 6 highest lithium values, and the 9th highest value in the survey. These high lithium values range from 20.806 to 27.728 ppm Li," (see Figure 1).

S. Hamilton, OGS Senior Science Leader Geochemistry, provides a commentary on page 57 that suggests the lithium responses are underrepresented, and from local bedrock sources:

"The response observed in the Bedivere Lake area would if anything, be an under-representation of the actual lithium content in the sediments. Sometimes limnological or lake morphology-related overprints can cause sediment response in some elements (arsenic, for example) but I am not aware of any that affect lithium. Therefore, the response is very likely to originate from local bedrock sources."

The conclusions on page 57 provide justification for further lithium exploration:

"There is very little to no known exploration for LCT pegmatites in the Bedivere-Lac des Mille Lacs lakes area. Exploration for LCT pegmatites in the Bedivere Lake area is recommended based on the cluster of lake sediment lithium anomalies located along a regional fault system and the occurrences of biotite granitic pegmatites mapped nearby. On a regional scale, the lake sediment lithium anomalies at Bedivere Lake are located approximately 10 km from a biotite granite intrusion and are situated near the Wabigoon-Quetico subprovince boundary."

The project is located only a few kilometres from the Trans-Canada Highway (Highway 17) and is easily accessible through a network of forest service roads. Like the Raleigh Lake project approximately 125 kilometres to the northwest, the Wolf Ridge project is host to excellent infrastructure with electrical power, road and rail networks and mining friendly communities all nearby.

The Company intends to conduct prospecting, mapping and geochemical surveys during the summer of 2022 as a first stage of exploration on the prospect.

Figure 1: Regional geological map (modified from Ontario Geological Survey 2011) showing the location of the OGS lake sediment lithium anomalies (black dots with lithium values in ppm) (from Dyer 1999a). Granitoid rocks shown in various shades of pink, metavolcanic rocks in shades of green, metasedimentary rocks in grey, and gabbroic intrusive rocks in blue.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3232/121601_dd8ca29ae4595993_003full.jpg

At the same time the Company announces that it has completed the sale of the 256 hectare Forgan Lake project in Ontario to Ultra Lithium Inc. announced on September 10, 2018. The only remaining completion condition was a work commitment expenditure of CAD $400,000 prior to October 2022. The Company waived this completion condition in consideration of a one-time cash payment by Ultra Lithium of CAD $150,000. Upon this completion the Company receives a 1.5% Net Smelter Royalty from Ultra Lithium Inc. or its successor company on the Forgan Lake property and the neighbouring Lucky Lake property.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"The 5,700 hectares of claims at Wolf Ridge in Ontario add well to our Canadian portfolio. Although the area is relatively unexplored the lithium anomalies found historically are interesting. The property is about half way between our Raleigh Lake property and Thunder Bay on Lake Superior and, like Raleigh Lake, has good access to nearby infrastructure. We have set a provisional budget of around CAD$ 300,000 for this year for work on Wolf Ridge, which will meet most of the four years' work commitment."

Terms of the Option Agreement

ILC will enter into a 4-year option to acquire 100% of the Wolf Ridge property (the "Property") subject to certain NSR interests and ILC committing to annual work expenditures and making the following payments of cash and issuing common shares (subject to TSX approval).

The Optionor will retain a 1.0% net smelter royalty for all minerals that are not Nickel, Copper, Lead, Zinc, Molybdenum, Cobalt, Platinum, Palladium, Gold and Silver (the "Original Royalty") applicable to only the Original Claims, but not any area of interest claims. At any time, the Optionee may purchase the entirety of the 1.0% of the Original Royalty by payment to the Holder of $1,000,000 and the issuance of 225,000 Shares (measured as of the Option Agreement date), which issuance will be subject to TSX Venture Exchange approval. Further, the Shares will bear a statutory restricted period of four months and one day from the date of issuance.

The Optionor will retain a 2.0% net smelter royalty for all minerals that are Nickel, Copper, Lead, Zinc, Molybdenum, Cobalt, Platinum, Palladium, Gold and Silver (the "Nickel Royalty) applicable to only the Original Claims but not any area of interest claims. At any time, the Optionee may purchase 1.0% of the Net Smelter Returns royalty applicable to all minerals that are Nickel, Copper, Lead, Zinc, Molybdenum, Cobalt, Platinum, Palladium, Gold and Silver from the Holder to reduce the rate of the Nickel Royalty from 2.0% to 1.0%, by payment to the Holder of $1,000,000 and the issuance of 225,000 Shares (measured as of the Option Agreement date), which issuance will be subject to TSX Venture Exchange approval. Further, the Shares will bear a statutory restricted period of four months and one day from the date of issuance.

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520

Cautionary Statement Regarding Forward-Looking Information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121601

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Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) ("Ultra Lithium" or the "Company") is pleased to announce that it has closed its non-brokered private placement issuing 2,156,278 Units at a price of C$0.15 per Unit (at premium of 50% over current market) for gross proceeds of C$323,442.

Each Unit will be comprised of one common share of the Company (each, a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") for a period of 24 months. Each Warrant will be exercisable for $0.25 for the first 12 months following the closing date of the Private Placement and at $0.35 thereafter. The net proceeds from the sale of Units will be used for general working capital purposes.

In connection with the Private Placement the Company will pay Finder's fees of C$8,849 cash and 58,995 finder's warrants comprised of C$3,424 cash and 22,828 finder's warrants to Red Cloud Securities Inc., C$2,625 cash and 17,500 finder's warrants to Cormel Capital Sarl and C$2,800 cash and 18,667 finder's warrants to Jemini1 Finance Inc. Each finder's warrant will be exercisable for a period of 24 months, at $0.25 for the first 12 months following the closing date of the private placement and at $0.35 thereafter. The closing of the Private Placement is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The Unit Shares, Warrant Shares and any common shares of the Company that are issuable from any finder's warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.

About Ultra Lithium Inc. Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA. The Company also holds other gold and base metals properties in Argentina.

For further information, please contact the Company at: Attention: Kiki Smith Telephone: 778 968-1176 Email: kiki@ultralithium.com Website: www.ultralithium.com or view the Company's filings at www.SEDAR.com .

Cautionary Statement Regarding "Forward-Looking" Information Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes.

A summary of the 2022 field sampling program:

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to provide an update regarding the 2022 field sampling program (the "Field Program") at its Bokan-Dotson Ridge heavy rare earth element ("REE") mineral resource project ("Bokan").

Figure 1 - Typical Channel Sample of a Bokan-Dotson Ridge Zone Vein Outcrop

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1119/139746_1302f57d34d70938_001full.jpg

"Ucore continues to work to unlock the critical heavy rare earth elements at Bokan Mountain," stated Mike Schrider, P.E., Ucore's Vice-President and COO. "The execution of this summer's Field Program, coupled with previous years' successful drill programs, now positions the Bokan property closer to a feasibility study and will allow Ucore to upgrade approximately 20% of the currently 'Indicated' mineral resource to a 'Measured' resource classification.

"Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes. North America desperately needs independent mineral resources to transition to a green energy future centered on electric vehicles and renewable energy sources - both of which are more achievable with the heavy rare earth elements provided at Bokan Mountain."

Aurora Geosciences Ltd.'s ("Aurora") contractors, consisting of two geologists and three geotechnical laborers, were on site from May 13 to June 10, 2022. This work was followed by sample submissions to the Bureau Veritas preparation lab in Juneau, Alaska. Final analyses are still in process at the Bureau Veritas laboratory in Vancouver, BC, Canada, with current assay analyses times measured in months due to the extremely high levels of mineral exploration activity.

Additional details of the Field Program:

Aurora expects that the results of the channel sampling program will allow a significant portion of the modeled rare earth resource to be upgraded from 'Indicated' to now 'Measured.' It is also expected that the total tonnage of the current mineral resource will marginally increase due to the new exposures of mineralized vein materials discovered in the Field Program.

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this includes disrupting the People's Republic of China's control of the US REE supply chain through the near-term development of heavy and light rare-earth processing facilities throughout North America - including the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy-rare-earth-element mineral-resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

For further information, please visit www.ucore.com.

Ronald James (Jim) Robinson, B.Sc., P.Geo., an independent geologist and General Manager of Aurora Geosciences (Alaska) Ltd. of Juneau, Alaska, has prepared, reviewed and approved the technical data regarding the Bokan-Dotson Ridge Mineral Resource provided in this news release and is the qualified person responsible for its accuracy.

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.

In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

Mark MacDonald Vice President, Investor Relations Ucore Rare Metals Inc. 1.902.482.5214 mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139746

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Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (" Spey " or the " Company ") announces that it has mobilised the drill rig and completed camp preparations for drilling its 400m exploration well in its 600has Pocitos 2 concession.

The camp, internet, diesel tanks and geological offices have been constructed in the town of Pocitos. The drilling work permit has been processed and we are waiting on official certification of the permit due next week.

Fig 1 Diesel tank storage in place Fig 2 accommodation, office quarters

Figure 1 The black horizontal line delineates the aquifer. The red areas have the lowest resistivity which indicate a presence of potassium and lithium. Drill Holes one and two on Pocitos 1 located 1km away produced significant amount of lithium bearing brines in 2018 .

Once or two exploration drill holes with approximately 400m of drilling are completed, the rig will move to Incahuasi salar approximately 120km away and drill three holes on the targeted aquifer locations. A double packer will sample the brines at depth and be reported on.

After the exploration hole is drilled and a pumping test completed a further hole or a production well will be drilled using the rotary drill machine.

Phil Thomas CEO commented " We are making great progress at Pocitos salar, with surface sampling, geophysics completed on Pocitos 2 and drilling to be completed shortly closeby on Pocitos 1. The project drill team have nearly completed all their preparations and the rig is stationed closeby. I'm delighted with the progress our team has made and look forward to the brine analysis and pump tests results from the drilling."

Spey Resources is a Canadian mineral exploration company which has acquired a 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina through its wholly owned subsidiary Tech One Lithium Resources Corp. Spey also holds an option to acquire a 100% undivided interest in Pocitos 2 and has optioned Pocitos 1 to Recharge Resources. Spey has a 100% interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.

For more information, please contact:

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release , including without limitation, statements pertaining to the future exercise of the Agreement to acquire an interest in the Property, the Company's exploration programs and the Company's mineral property development plans, are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, without limitation , financing risks, delays in obtaining or inability to obtain required regulatory approvals , legislative, environmental and other judicial, regulatory, political or competitive developments, exploration and operational difficulties, the timing of future business expenditures, the potential of the Company's mineral properties and changes in economic conditions or financial markets. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

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Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) ("Argentina Lithium" or the "Company") is pleased to announce two new option agreements at lithium salars in Argentina . The Company has entered into an option agreement with a local vendor to earn a 100% interest in four contiguous mine concessions totalling 791.3 hectares at the Salar de Rincon (the "Paso de Sico option"). The Company has also entered into a second option agreement with a second local vendor to earn a 100% interest in a single mine concession measuring 843.5 hectares at the Salar de Antofalla (the "Volcan option").

Nikolaos Cacos , President and CEO, stated "The Rincon and Antofalla salars have been our focus for property acquisitions, for their potential for high-grade lithium resources and their favorable locations. Each of these new properties border landmark projects operated by major producers, where large resources have already been defined. Our new properties represent significant increases to the resource potential for our Rincon West and Antofalla North projects. The exploration team will now incorporate the new areas into our ongoing and near-term exploration programs."

Argentina Lithium's Rincon West project, located in Salta province, includes both 100% held and optioned properties (see News Release dated July 21, 2022 ). The project now totals 3742.8 hectares with the Paso de Sico acquisition.

Argentina Lithium's Antofalla North project, located within Salta and Catamarca provinces, includes both 100% held and optioned properties (see News Release dated April 11, 2022 ). With the Volcan acquisition, the Company controls 15,830.5 hectares at Antofalla for exploration and development.

Map 1 shows the Paso de Sico option properties in relation to Argentina Lithium's Rincon West project, where exploration drilling is currently underway. International Highway 51 passes the northern edge of the Paso de Sico property.

Map 2 shows the Volcan option property in relation to Argentina Lithium's Antofalla North project. The northern tip of the Company's Incahuasi brine project is shown in the lower-right portion of the map.

Terms of the Paso de Sico option include cash payments totalling US$1,500,000 paid over two years, including obligatory payment commitments totalling US$300,000 in the first six months. The option grants a 3% NSR to the Vendor, which can be purchased by the Company for an additional US$1 .5MM. The Paso de Sico option agreement also includes a total of US$2 .3MM of exploration and development expenditures over a three-year period.

Terms of the Volcan option include cash payments totalling US$590,000 paid over three years, including the obligatory payment of US$40,000 at the time of signing. The option grants a 1% NSR to the Vendor, which can be purchased by the Company for an additional US$1 .3MM.

David Terry , Ph.D., P.Geo. is the Company's Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

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SOURCE Argentina Lithium & Energy Corp.

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Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that it has settled outstanding indebtedness (the " Debt Settlement ") of the Company in the aggregate amount of ‎$377,772.09‎ (the " Debt "), pursuant to the terms of debt settlement agreements with three arm's length creditors and Abbey Abdiye, the Company's Chief Financial Officer (collectively, the " Creditors ").

In settlement of the debt, the Company has issued an aggregate of ‎2,158,696‎ units (the " Units ") of the Company. Each Unit consists of one common share in the capital of the Company (each, a " Share ") and ‎one-half of a common share purchase warrants (each whole warrant, a " Warrant "), with each ‎Warrant entitling the holder thereof to acquire one additional Share (each, a " Warrant ‎Share "), at an exercise price of $0.35 per Warrant Share, for a period of 24 months, provided ‎that if the volume weighted average trading price of the Shares on the Canadian Securities ‎Exchange (or such other securities exchange the Shares are then trading) is at a price greater ‎than $0.70 per Share for 10 consecutive trading days, then the expiry date of the Warrants ‎shall automatically accelerate and will expire on the date that is 30 days after the date that ‎notice of such acceleration is provided to the Warrant holders by way of press release by the ‎Company.

The Debt Settlement with Mr. Abbey Abdiye is a related party transaction pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101 ") as Mr. Abdiye is the Chief Financial Officer of the Company.

With respect to the Debt Settlement with Mr. Abdiye, the Company has relied on the exemption from the valuation requirement pursuant to section 5.5(b) (Issuer Not Listed on Specified Markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by section 5.7(1)(a) (Fair Market Value Not More Than 25 Per Cent of Market Capitalization) of MI 61-101.

All securities issued in connection with the Debt Settlement are subject to a statutory four month hold period in accordance with the policies of the CSE and applicable securities laws.

None of the securities to be issued in connection with the Debt Settlement have been or will be registered under the United States Securities Act of 1933, as amended (the " 1933 Act "), and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

The Company also announces that, subject to regulatory approval, it has granted (a) incentive stock options to certain directors, officers and consultants of the Company to acquire an aggregate of 1,400,000 common shares in the capital of the Company at an exercise price of $0.24 (the " Options "), such Options being fully vested as at the date of grant and exercisable for a five-year term expiring on October 4, 2027 and (b) an aggregate of 5,600,000 restricted share units (" RSUs ") to certain officers and consultants of the Company effective October 4, 2022, in accordance with the Company's amended and restated equity incentive plan.

Spey Resources is a Canadian mineral exploration company which holds two option agreements to acquire 100% interest in the Candela II and Pocitos II lithium brine projects, and a 20% interest in the Pocitos I lithium project, all of which are located in the Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.

For more information, please contact:

Nader Vatanchi VP of Corporate Finance and Director nader@speyresources.ca 778-881-4631

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, ‎‎‎‎including with respect to the settlement of the Debt owing by the Company to the Creditors through the issuance of securities and regulatory approval of the issuance of such securities . The Company ‎‎provides forward-looking statements for the purpose of conveying ‎‎information about current ‎‎expectations and plans relating to the future and readers are cautioned that ‎‎such statements may not be ‎‎appropriate for other purposes. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedar.com. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

The CSE has not reviewed, approved, or disapproved the contents of this ‎press release.‎

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Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company") is pleased to announce that it has signed a joint venture ("JV") agreement with Carmanah Minerals Corp., ("Carmanah") (CSE: CARM) to earn a 50% interest in the Walker Claims (the "Property") located in the Athabasca Basin, Saskatchewan (Figure 1). By completion of the earn-in by Carmanah, Marvel and Carmanah would each own 50% of the project with Carmanah funding $1.5 million in exploration expenditures, paying $ 400,000 in cash payments and the issuance of 3.5 million shares and 3.5 million warrants

" We are very pleased to have reached a Joint Venture agreement with Carmanah Minerals, after careful consideration this transaction made the most sense long-term for Marvel shareholders. This affords us the ability to work both the north and south claim blocks simultaneously, while further protecting our share capitalization. Marvel still holds a considerable area of influence and controls 100% of the KLR and Highway North Claims along the Key Lake Shear Zone which is home to some of the worlds highest grade uranium. This corridor represents tremendous opportunity in mimicking the success of basement-hosted uranium deposits found on the western side of the Basin like NexGen Energy's Arrow Deposit. We look forward to working with the team at Carmanah with the common goal of a Tier 1 Discovery." stated Chief Executive Officer Karim Rayani

The Walker and KLR Properties lie within the Wollaston-Mudjactic transition zone (WMTZ) of the eastern Athabasca basin, which is host to the highest-grade uranium mines in the world, including:

The WMTZ hosts the highest-grade uranium mines in the world including (Figure 1):

Figure 1. Location of the Walker- KLR Uranium Project in the WMTZ Zone host to the highest-grade uranium deposits in the world.

In Saskatchewan, uranium deposits have been discovered at, above and up to 300 metres below the Athabasca group unconformity within basement rocks. Mineralization can occur hundreds of metres into the basement or can be up to 100 metres above in Athabasca group sandstone. Typically, uranium is present as uraninite/pitchblende that occurs as veins and semi-massive to massive replacement bodies. Mineralization is also spatially associated with steeply dipping, graphitic basement structures and may have been remobilized during successive structural reactivation events. Such structures can be important fluid pathways as well as structural or chemical traps for mineralization as reactivation events have likely introduced further uranium into mineralized zones and provided a means for remobilization (Jefferson, et al. 2007) (Figure 2).

Figure 2. Classic uranium deposits of the Athabasca Basin at the unconformity between the Athabasca sandstone and crystalline basement within the WMTZ. The Triple R, Eagle Point, Cluff Lake and Arrow deposits are found within basement rocks of the Crystalline Granulite Domain in the western Athabasca Basin. The KLR and Walker properties lie within the basement rocks just south of the former Key Lake Mine within the WMTZ. Source Searchlight Resources.

Marvel still controls 100% of the Highway North and KLR claims (Figure 3). These claim groups straddle the Key Lake fault zone, an important corridor for structurally controlled Athabasca-basin-type uranium deposits. The Arrow deposit4, owned by NexGen Energy, lies along a similar structural corridor as the Marvel properties. The Arrow deposit, which has undergone a positive feasibility study with robust economics contains probable reserves of 239.6 million pounds of U3O8 at an average of 2.37% U3O8 and measured and indicated resources of 256.7 million pounds at an average grade of 3.1% U3O8. The Arrow deposit is the largest undeveloped uranium deposit in Canada.

Figure 3. Location of Walker JV and the Highway North and KLR claim groups along the Key Lake Fault with prominent VTEM conductor trends.

Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

Jefferson, C.W., Thomas, D.J., Gandhi, S.S., Ramaekers, P., Delaney, G., Brisbin, D., Cutts, C., Portella, P., and Olson, R.A. 2007. Unconformity-associated uranium deposits of the Athabasca Basin, Saskatchewan and Alberta. In EXTECH IV: Geology and Uranium Exploration Technology of the Proterozoic Athabasca Basin. Edited by C.W. Jefferson and G. Delaney. Geological Survey of Canada, Bulletin 588, pp. 23-68.

Cigar Lake1: Cigar Lake Operation, Northern Saskatchewan, Canada, Report date March 29, 2016, Prepared by C. Scott Bishop, P.Eng., Alain G. Mainville, P.Geo. and Leslie D. Yesnik, P.Eng.

McArthur River2 : McArthur River Operation, Northern Saskatchewan, Canada, Report date March 29, 2019, Prepared by Linda Bray, P.Eng., Gregory M. Murdoch, P.Eng. and Alain D. Renault, P.Eng.

Wheeler Project3: Prefeasibility Study Report for the Wheeler River Uranium Project, Saskatchewan, Canada, Effective date September 24, 2018, prepared by SRK Consulting.

Arrow Deposit4: Arrow Deposit, Rook I Project, Saskatchewan, NI 43-101 Technical Report on Feasibility Study, Effective date February 22, 2021, prepared by Stantec, Wood and RPA.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

The Company's website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

"Karim Rayani" Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: k@r7.capital

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

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