ION Energy Announces Impressive Results at Urgakh Naran

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company"), Mongolia's first lithium brine explorer and developer, is very pleased to share drilling results and an update on exploration at the Urgakh Naran Lithium Project in Mongolia.

Highlights:

Successfully completed the drilling of three lithological diamond core drill holes for a total depth of 954m
Notable two metre drill core results include:
- UNDH-01: 123m at 278ppm lithium from 122m, with maximum lithium reported at 832ppm over 2m;
- UNDH-02: 100m at 362ppm lithium from 65m, with maximum lithium at 601ppm over 2m; and
- UNDH-03: 71.4m at 360ppm lithium from 3.6m with maximum lithium at 911ppm over 2m.
Completed drilling of two hydrological test wells for testing of basin brines. The third test well is currently being completed

"The Company is extremely pleased with the drilling results obtained from the recently completed exploration diamond core drilling program. Results have indicated a lithium pregnant basin with significant potential for insitu brine at relatively shallow depths. The Company is now completing its third hydrological test well with brine sampling to commence across all three wells in the coming months. The Urgakh Naran Basin is over 17,000 ha in size and is showing the potential to host significant brine accumulations in close proximity to the national electric grid and critical development infrastructure," said Ali Haji, CEO & Director of Ion Energy. "With the world experiencing notable supply constraints in much-needed lithium resources, Ion Energy continues to move quickly to help address this global issue."

Figure 1: Drill location map at the Urgakh Naran Lithium Project, Mongolia.

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Figure 2. UNDH-01 Lithium Results, Urgakh Naran, Mongolia.

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Figure 3. UNDH-02 Lithium Results, Urgakh Naran, Mongolia.

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Figure 4. UNDH-03 Lithium Results, Urgakh Naran, Mongolia.

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Figure 5. UNDH-03, Urgakh Naran, Dorngovi, Mongolia.

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Figure 6. UNWH-03 Drilling, Urgakh Naran, Mongolia.

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All technical information disclosed in this press release has been reviewed and approved by Khurelbaatar Lamzav, P.Geo., an independent consultant to the Company and a "Qualified Person" under National Instrument 43-101.

About ION Energy Ltd.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is committed to exploring and developing Mongolia's lithium salars. ION's flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world's increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com.

For further information:

COMPANY CONTACT: Ali Haji, ali@ionenergy.ca, 647-871-4571

MEDIA CONTACT: Siloni Waraich, siloni@ionenergy.ca, 416-432-4920

Cautionary Note Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Important factors that could cause actual results to differ materially from Ion Energy's expectations include, among others, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of lithium, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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Ion Energy TSXV:ION Battery Metals Investing

ION:CA

ION Energy to Present at Future Minerals Forum in Saudi Arabia

Highlights:

Ion Energy will meet with investors and government officials at the Future Minerals Forum in Riyadh, Saudi Arabia, January 10-13, 2023;
Focus on sharing Ion Energy's compelling value proposition as Mongolia's first lithium brine explorer, strategically located next to the world's leading battery manufacturer; and
ION executives will be at Stand FMF 27, where industry leaders across the mining value chain can learn about the Company's ongoing exploration work, including finding the highest-grade lithium brine known to have been collected in Mongolia, assayed at 918 mg/L lithium.

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company"), Mongolia's first lithium brine explorer and developer, is very pleased to be participating in the Future Minerals Forum being held from January 10-13, 2023 in Riyadh, Saudi Arabia. Ion Energy will be exhibiting at Stand FMF 27. Ali Haji, CEO & Director of Ion Energy, and Aneel Waraich, Director of Ion Energy, will both be present, with a focus on sharing ION's story, alongside furthering potential partnerships for the Company's current and future projects.

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TSX Venture Exchange, ION Energy Ltd., The View From The C-Suite

Ali Haji, Chief Executive Officer and Director, ION Energy Ltd. (TSXV: ION) ("ION" or the "Company") (TSXV: ION) shares his Company's story in an interview with TMX Group.

The View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View From The C-Suite visit https://www.tmxmoney.com/en/csuite.html .

About Ion Energy Ltd, (TSXV: ION)

ION Energy Ltd. (TSXV: ION) is committed to exploring and developing Mongolia's lithium salars. Information about the Company is available on its website, www.ionenergy.ca

SOURCE TSX Venture Exchange

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/14/c5959.html

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Canada Silver Cobalt Releases Cobalt - Nickel Assays of 11 and 4 Percent Respectively from Concentrate of Castle Mine Waste Rock

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"Re-processing the mine waste rock to limit the amount of soluble metals entering the water and into the surrounding water shed, thereby contributing to the global green incentives," commented Frank J. Basa, B.Eng., CEO, "reinforcing our ESG commitments."

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Nevada Sunrise Intersects 929.8 ppm Lithium over 1,130 feet at the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to announce that the Company has received final geochemical analyses for lithium mineralization in sediments and groundwater collected from borehole GEM22-03, drilled at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . Drilling of borehole GEM22-03 began on October 18, 2022 and was completed to a depth of 1,620 feet (493.90 metres) on December 16, 2022 .

Highlights of GEM22-03

Borehole GEM22-03 intersected 929.80 parts per million ("ppm") lithium-in-sediment over 1,130 feet from 280 feet (85.37 metres) to 1,410 feet (344.51 metres), including 1,342.20 ppm lithium over 350 feet (106.71 metres) and 1,955 ppm lithium over 30 feet (9.15 metres) (see Table 1 below for greater detail on mineralized intervals);
GEM22-03 was completed at a location approximately 0.47 miles (0.76 kilometres) north of GEM22-01 and 1.14 miles (1.83 kilometres) north of GEM22-02, thereby successfully extending the lithium mineralized zone to the north.
Groundwater sample analyses showed anomalous concentrations of lithium in groundwater flows intersected within the hole, including two significant intervals of 120 milligrams/litre lithium ("mg/L") in a water flow of 14.22 gallons per minute ("gpm") from 1,100 to 1,120 feet (335.37 to 341.46 metres), and 110 mg/L lithium in a water flow of 16.4 gpm from 1,200 to 1,220 feet (365.85 to 371.95 metres).

Table 1. Final Lithium-in-Sediment analytical results from borehole GEM22-03

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On January 31, 2023, the Company received a report from its geological contractor, Dahrouge Geological Consulting of Montreal, QC, on the results of a reconnaissance prospecting program completed in October 2022 at the Hydra Lithium Project ("Hydra", or the "Project"). Also in late January 2023, ALX staked a new sub-project known as the Python Project ("Python"). Python covers a historically sampled, lithium-bearing pegmatite showing located within a prospective geological trend of mafic gneiss, interpreted to be volcanic rocks within an unnamed greenstone belt.

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Sample No.	Co (ppm)	Co (%)	Ni (ppm)	Ni (%)
Castle -20 (1)	90,377	9.04	37,566	3.76
Castle -20 (2)	92,780	9.28	35,397	3.54
Castle -20 (3)	114,548	11.45	33,915	3.39
Castle +20 (1)	118,216	11.82	40,493	4.05
Castle +20 (2)	115,606	11.56	40,466	4.05
Castle +20 (3)	113,868	11.39	43,633	4.36

Sample No.	Co (ppm)	Co (%)	Ni (ppm)	Ni (%)
Castle -20 (1)	90,377	9.04	37,566	3.76
Castle -20 (2)	92,780	9.28	35,397	3.54
Castle -20 (3)	114,548	11.45	33,915	3.39
Castle +20 (1)	118,216	11.82	40,493	4.05
Castle +20 (2)	115,606	11.56	40,466	4.05
Castle +20 (3)	113,868	11.39	43,633	4.36

Gemini Lithium Project - Borehole GEM22-03
Depth Interval				Thickness		Lithium (Weighted average: ppm)
From (feet)	To (feet)	From (metres)	To (metres)	Feet	Metres	Lithium (Weighted average: ppm)
280	1,410	85.37	429.88	1,130	344.51	929.80
including:
280	630	85.37	192.07	350	106.71	1,342.20
including:
400	430	121.95	131.10	30	9.15	1,856.94
and:
470	500	143.29	152.44	30	9.15	1,955.73
and:
560	600	170.73	182.93	40	12.20	1,543.79

ION Energy Announces Impressive Results at Urgakh Naran

Overview

Company Highlights

Key Projects

Baavhai-Uul Project, Mongolia

Management Team

Ali Haji, BSc - CEO, Director

Matthew Wood - Chairman of the Board, Director

Bataa Tumur-Ochir - Director

Aneel Waraich, MBA - Director

Enkhtuvshin Khishigsuren - Director

John McVicar - Chief Financial Officer

Wendy Li - Director - Asia

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