Quarterly Activities Report - For the Quarter Ended 31 March 2022

Green Technology Metals Limited (ASX: GT1) (Green Technology, GT1 or the Company) is pleased to present its Quarterly Activities Report for the period ending 31 March 2022.

HIGHLIGHTS

• North Aubry lithium deposit at Seymour returned thick, maiden GT1 intercept of 40m @ 1.54% Li20.
• North Aubry lithium deposit extended down dip and along strike with further thick, high-grade intercepts.
• Strategic lithium footprint in Ontario expanded from 9,467 Ha to approx. 40,000 Ha.
• Central Aubry and Pye drilling at Seymour commenced with second diamond rig.
• GT1 increases ownership to 80% of the Ontario Lithium Projects.
• Cash balance of A$16.1M at quarter end; A$55M equity raising completed in late April.

"GT1 is rapidly advancing along the pathway toward our strategic goal of becoming the pre-eminent vertically integrated lithium company in Ontario. Our operations team has done an outstanding job drilling through the winter and is excited about further ramping up exploration activities during the summer season across our almost 40,000 Ha of prime lithium ground.

"Current drilling activity continues to progress strongly at the Central Aubry zone and Pye prospect, and we look forward to completing the first scheduled update to the flagship Seymour Mineral Resource estimate during the current quarter."

- Chief Executive Officer, Luke Cox

ONTARIO LITHIUM PROJECTS: EXPLORATION AND DEVELOPMENT

Strategic lithium footprint substantially expanded

During the quarter, GT1 significantly increased its landholding in Ontario, Canada. The Company increased its claim base from 9,467 hectares to 39,982 hectares through execution of four option agreements and claim pegging activities. The new landholdings surround GT1's existing projects, Seymour and Root, as well as being in a new project area named "Allison" and select other project areas (Pennock Lake, Root Bay, Superb Lake and Gathering Lake).

For full details of three of the newly acquired claims refer to GT1 ASX release dated 24 January 2022, Strategic

Lithium Footprint Substantially Expanded. Details of the terms of the Option Agreements are in Appendix C.

Subsequent to the announcement dated 24 January 2022, the Company executed a further Option Agreement for claims in proximity to Root Bay. For further details, please see the Corporate section of this announcement and Appendix C.

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