CSAMT Geophysical Survey Completed On The San Emidio Lithium-in-Brine Prospect

ELKO, NV  - Lithium Corporation announced the completion of the Controlled Source Audio Frequency Magnetotelluric (CSAMT) geophysical survey on the San Emidio lithium-in-brine prospect in Washoe County, Nevada. Preliminary results indicate the survey appears to have been particularly effective in mapping out the limits of the previously drill-detected brine zone on the property. The Company is awaiting final results and interpretation. Additionally, preliminary results from the recently completed CSAMT survey on our optioned North Big Smoky property have been received. Our partners are currently assessing the options with respect to continued exploration on this property.

Lithium Corporation personnel were on-site during a portion of the San Emidio survey and extracted a mini-bulk sample from the location where brine mineralized with 80 mg/l lithium is known to occur. The sample was shipped to Recion Technologies in Edmonton, Canada, for initial bench tests to determine its amenability to Direct Lithium Extraction (DLE) using Recion's proprietary technology. Recion continues to work with brine from our Fish Lake Valley property and recently achieved up to 600% lithium concentration over a period of two hours, extracting up to 95% of the available lithium in the sample submitted. Recion recently completed building a prototype processing plant that conceivably could be utilized on-site for further testing in the future. Preparation is underway and exploratory drilling is slated to begin at Fish Lake Valley in late Q4 2022 or early Q1 2023.