2022-06-08 | CSE: FAT | Press release

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Vancouver, British Columbia–(Newsfile Corp. – June 8, 2022) – Above all Lithium Resource & Technology Ltd.(CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) (www.foremostlithium.com) (First of all lithium, first of all or the Company) is pleased to announce that it has commenced exploration which will lay the groundwork for a diamond drilling program on its 100% owned Jean Lake Lithium property located in the Snow Lake mining district of Manitoba. The first step in this process includes mobilizing field crews to their 1,002 hectare/2,476 acre property where high beryl pegmatite dykes containing spodumene with assays of3.89% and 5.17% Li2O were discovered in August 2021 (see press release of October 28, 2021). Field work will be organized from a base in Snow Lake with helicopter support from Gogal Air Services.

exploration program

Two field teams will begin the follow-up survey offourteen (14) high priority targets defined as magnetically weak and structurally recessive lineaments. These lineaments host the beryl pegmatites, are partially aligned with the SGM and Grass River lithium pegmatites of Snow Lake Resources and are interpreted as high priority exploration targets. The lineaments were defined by a high-resolution geophysical survey assisted by an unmanned aerial vehicle (UAV drone) and a Targeted Exploration Center “CET” analysis of the acquired data (see press release dated March 1, 2022). The survey was carried out by EarthEx Geophysical Solutions Inc. (Selkirk, Manitoba) with financial support from the Manitoba Mineral Development Fund.

Lineaments will be prospected and rock chips sampled and analyzed for lithium and related elements where exposure is permissive. Where the lineaments are covered with overburden, Mobile Metal Ion (“MMI”) soil geochemical surveys will be initiated. The rock and soil geochemical data will be reported in a subsequent press release and ultimately integrated with the magnetic survey results to form the basis of the drill tests.

Dyke 1 Mini Bulk Sample

A field team will also be dispatched to the Zoro Lithium project at Snow Lake to acquire a 500 kg bulk sample from the Dyke 1 trench surface exposure on the Zoro lithium property. Dyke 1 contains 1,074,567 tonnes at 0.91% Li2O, 182 ppm Be, 198 ppm Cs, 51 ppm Ga, 1212 Rb and 43 ppm Ta at 0.3% Li2O cut.1 The sample will be used for the development of a spodumene concentrate and its subsequent refining into a marketable battery-grade lithium hydroxide product. The Company engaged XPS Expert Process Solutions in conjunction with SGS Canada Inc. to undertake sample processing. (see press release of May 26, 2022). The results are expected within three months.

John Gravelle, of the First States, “We are pleased to announce that teams are currently on the ground at Jean Lake evaluating the 14 priority drill targets identified. -grade SG and GRP spodumene and GRP pegmatites. This association, with boots on the ground, to ensure the accuracy of our targets, has generated great enthusiasm. We are so encouraged by the potential of this property, the company now plans to operate two crews simultaneously using separate drill rigs. » Jean Gravelle continues, “We also look forward to the results of Zoro’s Dyke1 bulk sample, as this crucial catalyst, proving 6% battery-grade lithium hydroxide will be a milestone, and therefore, will help propel the value for shareholders as we bring potential battery manufacturers and partners to market, globally.”

The technical information relating to the Jean Lake property contained in the press release has been approved by Lindsay Bottomer, P. Geo, who is a “qualified person” within the meaning of National Instrument 43-101 Project Disclosure Standards. mining.

The technical information relating to the Zoro property contained in the press release has been approved by Mark Fedikow, P. Geo, who is a “qualified person” within the meaning of National Instrument 43-101 Project Disclosure Standards. mining.

About Foremost Lithium Resource & Technology

Foremost Lithium is a resource company committed to becoming one of the first North American companies to produce high-quality, battery-grade lithium hydroxide domestically to power the electric vehicle and battery storage market. Given the importance and focus on increasing the decarbonization of energy, particularly with electric vehicles, the Company is hyper-focused on continued exploration and growth across its four lithium properties: Jean Lake, Grass River and Zoro, located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost also owns its Winston Gold/Silver project in New Mexico, USA.

For more information, please contact:

[email protected]

Leading lithium resource and technology

1 604 330-8067

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Forward-looking statements

All statements contained in this press release, other than statements of historical facts, are “forward-looking information” regarding Foremost within the meaning of applicable securities laws. Foremost 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 which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions incorrect, and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, market conditions, exploration discoveries, results and recommendations, and risks and uncertainties identified and reported in public filings by Foremost under the SEDAR profile. from Foremost at www.sedar.com. Although Foremost has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause actual actions, events or results are not those 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. Foremost disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


1https://sedar-filings-backup.thecse.com/00032046/1809051817578606.pdf

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126876

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