Battery Metals

Avalon Publishes 2022 Annual Sustainability Report

Avalon Publishes 2022 Annual Sustainability Report

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has published its 2022 annual sustainability report along with its audited annual financial statements. The 2022 Sustainability Report can be accessed on the Company's website at: https:www.avalonadvancedmaterials.comsustainabilitysustainability_reporting.

The 2022 Sustainability Report focuses on health and safety, social, environmental and economic matters that are material to Avalon. It incorporates a self-assessment of Avalon's 2022 fiscal year sustainability performance sets targets for 2023 and long-term goals, as well as assessing against the applicable Towards Sustainable Mining indicators defined by the Mining Association of Canada. Avalon's 2022 Sustainability Report was prepared in accordance with the Global Reporting Initiative ("GRI") Standards, core option.

This year, Avalon continued its integration of the United Nations 17 Sustainable Development Goals ("SDGs") into its sustainability reporting. The 17 SDGs were set by the United Nations in 2015 and are the world's shared plan to end extreme poverty, reduce inequality and protect the planet by 2030. Avalon has aligned its GRI Index with the applicable SDGs in order to assess its business contributions towards each SDG.

Don Bubar, President and CEO, commented, "Sustainable mineral development initiatives related to critical minerals for clean technology have inspired us to look at new process technologies such as sensor-based ore sorting and dense media separation that will make our projects more cost efficient, and greatly reduce environmental impacts while adding to shareholder value and generating significant benefits for local Indigenous communities. Sustainability reports, such as this one, provide tangible evidence that practice in the mineral development industry is evolving as it transitions toward more cleantech materials production; embraces new, more efficient process technologies; and reduces the scale of its initial operations - all resulting in a greatly reduced environmental footprint compared to that associated with the traditional mining industry."

The Company has also recently completed the filings of its 2022 audited Consolidated Financial Statements, Management's Discussion and Analysis and Annual Information Form with Canadian security regulators, for the Company's fiscal year ended August 31, 2022. Copies of these filings are available through SEDAR at http://www.sedar.com and they are also accessible on the Company's website at http://www.avalonadvancedmaterials.com/investors/regulatory_filings.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology. The Company now has four advanced stage projects, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and zirconium. Avalon is currently focusing on developing its Separation Rapids Lithium Project near Kenora, Ontario while continuing to advance other projects, including its 100%-owned Lilypad Cesium-Tantalum- Lithium Project located near Fort Hope, Ontario. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail Avalon President and CEO, Donald Bubar, at ir@AvalonAM.com.

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements related to sustainability performance targets for 2023 and long-term goals. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "potential", "scheduled", "anticipates", "continues", "expects" or "does not expect", "is expected", "scheduled", "targeted", "planned", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be" or "will not be" taken, reached or result, "will occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, and the possibility of cost overruns or unanticipated costs and expenses as well as those risk factors set out in the Company's current Annual Information Form, Management's Discussion and Analysis and other disclosure documents available under the Company's profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company's plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146748

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Avalon Appoints New VP, Operations and Announces Annual and Special Meeting to Be Held on February 23, 2023

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Mr. Welyhorsky is a registered Professional Metallurgical Engineer with over 29 years of experience spanning all levels of project development and operations in the mining and metals industry. He brings to Avalon a wealth of industry experience within various roles including metallurgical test work, feasibility study work, engineering, construction, commissioning, start-up as well as operations and maintenance. While most of his recent experience has been in the gold sector, his vast experience will mesh well with the development needs to advance the Separation Rapids Lithium Project as well as the proposed lithium refinery. Mr. Welyhorsky has a background in Chemical Engineering Technology and Environmental Management from Cambrian College in Sudbury, Ontario as well as a Bachelor's degree in Metallurgical Engineering from Laurentian University.

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Avalon is based in Toronto, Ontario and trades on the TSX under the symbol AVL and on the OTCQB under the symbol AVLNF. Avalon is a leader in Canada in sustainably developing new critical minerals supply chains including lithium and rare earths through the application of innovative new extraction technologies with a low carbon footprint. The Company is pleased to announce that it has been invited to present at the Emerging Growth Conference on December 14, 2022 at 10:15 AM Eastern Time for 30 minutes where Mr. Bubar will provide an update on recent developments and future plans for the Separation Rapids Lithium Project.

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Corporate Update

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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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