Quarterly Activities/Appendix 5B Cash Flow Report

Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) Pursuit Minerals Limited (ASX:PUR) (Pursuit or the Company) is pleased to present its activities report for the quarterly period ended 31 March 2024.

HIGHLIGHTS

1. Commencement of Stage 1 Drilling Program at the Rio Grande Sur Lithium Project.

2. Completion of commissioning of Lithium Carbonate Pilot Plant.

3. Discussions underway with provincial Government for evaporation pond environmental permitting.

4. $1.36 million in cash and equivalents available at quarter end.

PROJECT DEVELOPMENT

During the March 2024 quarter, Pursuit Minerals Ltd (“Pursuit” or “Company”) has continued to advance through numerous engineering and geological studies, permitting approval processes and stakeholder engagement activities at our flagship Rio Grande Sur Lithium Project.

Rio Grande Sur (RGS) Lithium Project Argentina

The Rio Grande Sur Project comprises of 5 tenements prospective for lithium on the Rio Grande Salar in the Salta province of Argentina, in addition to a Lithium Carbonate Pilot Plant located in the city of Salta. The five tenements cover approximately 9,233 hectares (Table 1).

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