Update On Permit Application And Exploration Results At Slocan Graphite Property

VANCOUVER - Aben Resources Ltd. reports on surface exploration work completed in July 2022. The exploration program marked the first comprehensive field work to assess the potential for the Property to host economic graphite mineralization. Exploration work comprised field mapping, rock and soil sampling, and the evaluation of prospective drill sites for a planned future drill program.

Aben geologists took a total of 52 rock and 83 soil samples from areas located both within and outboard of the strong conductive anomaly identified by a 2010 airborne Electromagnetic geophysical survey. Previous work has shown that flake graphite mineralization grading in excess of 4.5% is hosted in metamorphic rocks located within the Tedesco Conductive Anomaly. Results from the 2022 rock sampling program returned a range of grades from trace to 4.36% graphitic flake Carbon, which reflects the variety of rock types from which the samples were sourced. A previously unsampled zone located 2km northeast of the main conductive zone returned multiple samples with grades between 1-2% graphitic Carbon, greatly extending the mineralized trend along strike. This discovery compelled Aben to increase the size of the Slocan Graphite Property to 2826 hectares through the addition of a 439.4 hectare claim via staking. The main Tedesco Conductive Zone has never been drill-tested despite the compelling coincident geophysical conductor and the graphite-bearing surface rock samples.

The soil sampling program was completed over areas that lack outcrop exposure due to thickened glacial cover in order to ascertain whether soil sampling can be a productive exploration tool on the Property. Results correlate well with known graphite mineralization and will help to delineate new areas to target with increased sampling density, mechanical trenching and potential drill holes. Two distinct areas of elevated graphite-bearing soil are visible.