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VANCOUVER, BC, MARCH 10th, 2026 - TheNewswire American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI,OTC:USLIF, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) is pleased to announce it has filed a technical report (the "Report") entitled "Technical Report on the Petawaga Property, Quebec, Canada" prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") on the Petawaga Lithium-Niobium-Uranium Project ("Petawaga" or the "Project"). The Report prepared by Isabelle Robillard, P.Geo, M. Sc. ("Robillard") and has an effective date of March 9th, 2026. The Report is available on SEDAR+ at www.sedarplus.ca and is published on American Salars' website at www.americansalars.com.
Qualified Persons
All scientific and technical information contained in the Report summarizing the work completed to date on the Project has been reviewed and approved by Isabelle Robillard, P.Geo, M. Sc. an independent Qualified Person ("QP") under the definitions established by NI 43-101. The Report does not contain a Mineral Resource Estimate ("MRE") in accordance with NI 43-101.
The QPs have reviewed and verified that the technical information with respect to all the Company's exploration efforts to date contained in the Report are accurate and have approved the written disclosure of such information. The Report is intended to be read as a whole, and sections should not be read or relied upon out of context.
Petawaga Project Overview:
The Petawaga Project is located in the southwest part of the Grenville Geological Province and straddles the limits of the Baskatong Promontory and the Central Gneissic Belt, two important structural domains separated by a major thrust fault. Historical exploration work reported the presence of several pegmatites located nearby the Petawaga River. Samarskite, euxenite, thorianite, columbite and lepidolite were recognized in these pegmatites1. On a regional scale, the area surrounding Mont-Laurier is known to host several uranium pegmatites and, more lately, niobium and REE-bearing dykes were identified (Boxi, Lac Lyon, Lac Leroux showings). These showings are located on the margin of the Baskatong promontory and Central Metasedimentary Belt, which suggests a favorable context for the emplacement of pegmatites derived from anatexis.
The Company cautions that historical results have not been independently verified and should not be relied upon as current mineral resources. However, the bulk nature of the sampling indicates that the grades were not derived from selective grab specimens but from material collected at meaningful scale.
REFERENCE
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Corminboeuf, F., 1956. Geological Report, Petawaga Mining Corp;GM 04222 7 p.
Qualified Person
Isabelle Robillard, P. Geo (OGQ#287), a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical data disclosed in this news release.
ABOUT AMERICAN SALARS
American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.
On Behalf of the Board of Directors,
"R. Nick Horsley"
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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