Lithium

Alpha Lithium Receives Independent Confirmation of Major Fresh Water Discovery at Tolillar Salar, Argentina

Alpha Lithium Receives Independent Confirmation of Major Fresh Water Discovery at Tolillar Salar, Argentina

  • Sustainable supply supports the Company's planned 50,000 tpa LCE production facility
  • Fresh water discovery is key competitive advantage compared to other lithium brine salars in the region

 Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company with two substantial, undeveloped lithium assets in the Salta region of Argentina, is pleased to report that an independent fresh water recharge study (the "Study") on its 100% owned Tolillar Salar asset has confirmed the on-site fresh water source is more than sufficient to support the Company's planned 50,000 tonnes per annum ("tpa") lithium chemicals production facility.

The preliminary Study, initiated eight months ago, indicates that the fresh water aquifer located within the Tolillar Salar mining tenements can sustainably support 5,109,279 m 3 /year (583 m 3 /hour) of fresh water withdrawals, without affecting the fresh water reserves in this sector of the basin. Sustainable exploitation of the fresh water aquifer requires that the net outflows ("Exploitation") are greater than the net inflows ("Recharge").

The Study refers to only one of three fresh water targets the Company plans to investigate on its Tolillar property.

Much of the Lithium Triangle surrounding Tolillar Salar is classified as a high-altitude desert, with near-zero absolute humidity, making the general area drier than the Sahara Desert and one of the driest places on earth. Since abundant fresh water is rarely found in the Lithium Triangle, and it is a necessity for the production of lithium chemicals, the discovery of an industrial scale supply is a tremendous competitive advantage for the Company.

According to the Study completed by industry expert, Conhidro SRL, Alpha enjoys the advantage of controlling a very large aquifer that can deliver large amounts of fresh water at high rates, and importantly, the Company does not have to compete with any other regional producers for that fresh water.

Technically, the most important considerations with fresh water sources for the purposes of lithium production are:

  1. The existence and size of a fresh water aquifer
  2. The desired rate of fresh water Exploitation
  3. The proven rate of fresh water Recharge
  4. Competitive drainage of the aquifer by other operators
  5. The distance between the production facility and the aquifer

As outlined in the Study, Alpha's fresh water aquifer in Tolillar has the following estimated considerations:

  1. The Company has drilled four fresh water wells, two aquifer monitoring wells and the broader basin is estimated to have an areal extent of 444 km 2 (171 square miles)
  2. Water usage of a 50,000 tpa LCE plant, for example, is expected to require no more than 500 m 3 /hour, without recycling or optimizing water usage
  3. Rate of Recharge of Alpha's fresh water aquifer is estimated at 583 m 3 /hour (5,109,270 m 3 /year)
  4. There are no competitive drainage issues within the Tolillar aquifer, as the aquifer exists on the Tolillar Salar, the entirety of which is owned 100% by Alpha, and all of which is contained under Alpha's mining tenements
  5. The pilot plant, which is currently under construction, and the proposed 50,000 tpa lithium chemicals production facility (see January 9, 2023 news release ) are located on the Tolillar Salar, and a very convenient distance to the fresh water aquifer

Brad Nichol, President and CEO of Alpha, commented, "The existence of an on-site, non-competitive, high delivery rate, high recharge rate, water aquifer is a game-changer for Tolillar. We have known for some time that we had access to fresh water, but that broad knowledge had to be supported by detailed data and analysis, which we now have thanks to Conhidro. And the results change everything. Other companies have reported availability of fresh water but often underreport issues like highly-competitive access, poor or remote locations, low delivery rates, or some combination of these and other issues. Alpha's fresh water source will be a major attraction to the world's most aggressive acquirers of lithium assets."

All operations and assets of the Company are in Argentina and are fully managed by Alpha Lithium Argentina SA ("Alpha SA") utilizing local employees and consultants. Neither Alpha, nor Alpha SA, have any operations or assets in Canada.

Since initiating the first steps of an exploration program in 2020, Alpha SA has drilled more than 20 wellbores, constructed an in-house brine chemistry research laboratory, developed a proprietary Lithium Carbonate production process that works in Tolillar with remarkable success, started construction of a pilot plant, and employed dozens of highly skilled Argentinian technologists, engineers, geologists, geophysicists and chemists, in addition to several students, accounting, managerial and HR professionals. The Company is grateful for, and reliant upon, the significantly large Argentinian team that has proven instrumental at generating value for shareholders.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION

"Brad Nichol"

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
relations@alphalithium.com
www.alphalithium.com

About Alpha Lithium (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world's highest quality, longest producing, lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Allkem Ltd., Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company's expectations include the results of further brine process testing and exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.



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Alpha Lithium Granted Drilling Licenses for Hombre Muerto Salar in Argentina

Alpha Lithium Granted Drilling Licenses for Hombre Muerto Salar in Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company with two large, undeveloped lithium assets in the Salta region of Argentina, is pleased to report that it has received licenses to commence exploration operations on its properties in the Salar del Hombre Muerto ("Hombre Muerto") in Argentina.

The Company is already performing the mandatory health and safety checks of the rig and crew on the initial drilling rig, which it expects to mobilize to commence drilling before the end of this month. Alpha has secured a second drilling rig, which is s expected to join the ongoing operation as soon as possible in 2023.

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Alpha Lithium Appoints Ausenco to Commence PEA for Lithium Carbonate Plant in Argentina

Alpha Lithium Appoints Ausenco to Commence PEA for Lithium Carbonate Plant in Argentina

-- Recent drill results drive decision to increase
proposed plant capacity by 25% to 50,000 tpa

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last, 100% owned, undeveloped lithium salar in the Salta region of Argentina, is pleased to report that after an extensive review and selection process, Australian-based Ausenco Limited ("Ausenco") has been selected to undertake a Preliminary Economic Assessment ("PEA") of a proposed 50,000 tonneyear high-purity lithium carbonate production plant in Tolillar salar.

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Alpha Lithium Adopts Advance Notice Policy

Alpha Lithium Adopts Advance Notice Policy

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (" Alpha " or the " Company ") is pleased to announce that the board of directors of the Company has adopted an advance notice policy (the " Policy ") in connection with the nomination process for the Company's directors. The Policy will be presented to shareholders for ratification and approval at the next shareholder meeting of the Company.

The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Policy establishes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual general or special meeting of shareholders and sets out the information that a shareholder must include in the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.

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Alpha Lithium Achieves Best Grades To-Date at Tolillar Salar, Argentina

Alpha Lithium Achieves Best Grades To-Date at Tolillar Salar, Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last undeveloped lithium salar in the region, is pleased to report record grade lithium concentrations and very significant flow-rates from the latest production well identified as WBALT15, which was recently drilled within the Tolillar Salar, Argentina.

Test results from WBALT15 returned lithium concentrations up to 360 mg/L. Like almost every well drilled by Alpha, WBALT15 was drilled and cased as a production well. Pumping tests demonstrated an exceptional flow rate, averaging greater than 40 m 3 /hr of brine over a 72-hour flow test on a restricted pump. A larger pump was not available during this initial flow test, but one will be available when the well is put into production; significantly higher pumping rates are expected with a larger pump.

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Alpha Lithium Finalizes Unconditional Deed for Tolillar Salar, Argentina

Alpha Lithium Finalizes Unconditional Deed for Tolillar Salar, Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last undeveloped lithium salar in the region, is pleased to report that the Energy and Mining Resources of Salta ("REMSA") one of the original vendors of Tolillar Salar, has audited and approved all of Alpha Lithium Argentina SA's ("Alpha SA") investment expenditures to date, and has released Alpha SA of any further obligations under the REMSA Agreement, originally dated January 23, 2019.

The fulfilment of these obligations means that Alpha SA has completed all earning commitments on the areas it originally acquired from REMSA.

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LithiumBank to Develop Boardwalk and Park Place Lithium Brine Projects After Successful Acquisition Campaign

LithiumBank to Develop Boardwalk and Park Place Lithium Brine Projects After Successful Acquisition Campaign

LithiumBank Resources Corp. ( TSX-V: LBNK ) ( OTCQX: LBNKF) (" LithiumBank " or the " Company ") is pleased to provide a corporate update and outline key milestones for 2023.

In 2022, LithiumBank successfully completed its 3-year acquisition and exploration campaign that was focused on:

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TINONE REPORTS COMPLETION OF SUCCESSFUL PHASE 1 DRILL PROGRAM AND DISCUSSES FUTURE PLANS FOR ITS GREAT PYRAMID TIN PROJECT, TASMANIA, AUSTRALIA

TINONE REPORTS COMPLETION OF SUCCESSFUL PHASE 1 DRILL PROGRAM AND DISCUSSES FUTURE PLANS FOR ITS GREAT PYRAMID TIN PROJECT, TASMANIA, AUSTRALIA

TSX.V: TORC   OTCQB: TORCF

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to announce it has completed its Phase 1 drill program at its Great Pyramid Tin (Sn) Project (" Great Pyramid " or the " Project ") located in the tier one mining jurisdiction of Tasmania, Australia .

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Corporate Update

Corporate Update

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide a corporate update regarding its exploration, engineering, permitting and project financing activities. The Corporation is fully funded for these preparatory activities leading to a potential final investment decision for its wholly-owned Rose Lithium-Tantalum project ("Rose Project" or "Project") in the James Bay Region of Northern Québec (the "Final Investment Decision"). Critical Elements is pleased to be working closely with the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee), and the Cree Nation Government under the Pikhuutaau Agreement signed in July 2019

Exploration Update

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Infinity Stone Further Expands Project, Including Historic Lithium Samples, near Patriot Battery Metals Corvette Discovery

Infinity Stone Further Expands Project, Including Historic Lithium Samples, near Patriot Battery Metals Corvette Discovery

Highlights

  • Infinity Stone expands its land position to over 5,546 hectares, as well as a pending application for two additional claims in James Bay Lithium District adjacent to and near Patriot Battery Metals Corvette discovery.
  • Further exploration and project expansion is being conducted in the context of the new discovery and significant drilling results from PMET and Winsome in the Corvette Lithium Trend in James Bay, QC.

Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce that it has acquired and staked an additional 359 hectares, as well as a pending application for two additional claims (the "New Claims") on its Camaro Hellcat Lithium Project (the "Camaro Hellcat Project"), with claim blocks adjacent to Patriot Battery Metals' ("PMET" or "Patriot") Corvette Project in the James Bay Region of Quebec, bringing its total land position to 5,546 hectares in addition to the currently pending cells. The New Claims include historical surface samples returning 57ppm Li, sampled and assayed in 2016, and a 30ppm Li sample in 1997 (the "Historic Samples").1 The Historic Samples were found to the west of Winsome Resources Cancet Project and PMET's Corvette Lithium Project, north of the Taiga Highway. There are at least 4 historical mapped pegmatites on the New Claims, and the Company intends to conduct further exploration to identify any other potential pegmatites that may be found on the New Claims.

The New Claims are also located near Winsome Resources Ltd.'s ("Winsome") Cancet discovery drill hole (the "Cancet Property"). Winsome's best results at Cancet have included 1 metre at 5.65% Li2O from 36.5 metres and six metres at 1.95% Li2O from 36.45 metres.2 Furthermore, the New Claims are adjacent to a number of claims currently held by Jody Dahrouge, President and Owner of Daroughe Geological Consulting Ltd., a consultant and contractor to PMET. PMET has recently announced that it had drilled 52.2 metres of 3.34% LI2O, including 15.0 metres of 5.10% LI2O.

Infinity Stone intends to conduct a focused exploration program on the Hellcat claim block, alongside an initial prospecting program on the New Claims, in the early spring and will leverage the results of the Winter Geophysics Program announced on January 19, 2023 in targeting sampling and trenching. The Survey will further enable the mapping and delineation of the pegmatitic units across the claim blocks.

"We are excited to further expand the Hellcat Camaro Project in James Bay near Patriot's Corvette discovery. As the spring exploration season rapidly approaches, we are renewing our focus on the project and are actively evaluating new claim blocks that are adjacent and near the current project footprint," said Zayn Kalyan, CEO of Infinity Stone. "The James Bay region, specifically the CV lithium trend discovered by PMET, is quickly becoming the epicentre of lithium exploration in North America and we are excited to have a prospective land package in the region. We are looking forward to being able to get back on the ground with more data following our geophysics program to conduct a renewed and focused exploration program," furthered Mr. Kalyan.

Terms of Acquisition

Pursuant to the acquisition of 100% interest in 154 hectares of the New Claims, the Company has agreed to (i) paying $6,000 in cash and issuing 200,000 subordinate voting shares ("Shares") of the Company to the claim vendor Donovan Explorations Ltd.

About the Hellcat Camaro Lithium Project

The 5,546-hectare Hellcat Camaro Lithium Project is located adjacent to Patriot Battery Metals' Corvette Property, in the James Bay Region of Quebec, approximately 235 kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree village municipality of Nemaska. The Project has four property blocks, the Taiga, Hellcat, and Camaro, collectively covering 3,850 hectares adjacent to Patriot Battery Metals' Corvette Lithium discovery in the James Bay Region of Quebec. PMET has recently returned significant high-grade results at the Corvette Lithium Project, including 156.9 m at 2.12% Li2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li2O (CV22-083).1

Qualified Person

Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.

About Infinity Stone Ventures

Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.

To register for investor updates please visit https://infinitystone.ventures.

INVESTOR PRESENTATION

Connect with Infinity Stone

Email | Website | Facebook | LinkedIn | Twitter | Instagram |

Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Forward-Looking Statements Disclaimer

This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that Phase 2 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albemarle's Silver Peak lithium deposit which has been in production since 1966 and is the only lithium producing region in the United States.

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Drilling at Clayton Valley, Nevada (Fig. 1)

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CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCQB: AXVEF) ( Frankfurt : 338B ) is pleased to announce an updated on its successful investment in Noram Lithium Corp (TSXV: NRM) (OTCQB: NRVTF) (Frankfurt: N7R) as it announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate
  • An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
    • M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1, 034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program.
    • Inferred Resources are 1.09 Mt LCE ( 235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
  • Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
  • High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
  • High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn , noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

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