Ultra Lithium Assays Up to 417 ppm Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in Argentina

Ultra Lithium Inc. ( TSX-V:ULT, OTCQB: ULTXF and Frankfurt: QFB ) ("Ultra Lithium" or "the Company") is pleased to announce the brine sampling results from a drill hole at its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. Drill hole LV22-04 assayed up to 417 parts per million ("ppm" or "mgL") lithium (Li) from two rounds of sampling completed in January February 2023. Earlier, the geophysical study of the first well LV22-01 indicated the presence of a continuous single brine aquifer comprising of mainly clastic sediments from 14 meters to 205 meters depth with a marked hydrothermal presence towards the deeper section. The Laguna Verde project is the flagship project of the Company and one of the Company's 100% owned brine lithium projects in Argentina.

Results Highlights:

The hole was drilled down to 227 meters. The brine aquafer was still open to the depth.
The first round of sampling was completed on January 18, 2023, where a total of seven samples were collected at various depths down to 112 m below surface. The second round of sampling was completed on January 25, 2023, and a total of six samples (2 samples at every 12 hours interval) were collected at a depth of 120 m below surface.
Conductivity shows an increase with depth, which is interpreted to achieve better lithium concentrations through pumping and more cleaning of the well.
Overall concentration of ions and metals indicate a single unconfined aquifer down the sampling depth of 120 m.

Round 1 Assays

Lithium (Li) values are in the range of 386 ppm to 417 ppm with an average of 398 ppm.
Magnesium (Mg) is in the range 851 ppm to 2215 ppm with average 1,902 ppm. Mg to Li ratio is in the range of 2.2 to 5.7 with an average of 4.8.
Boron is in the range of 289 ppm to 392 ppm with average 343 ppm.
Overall pH is generally neutral with an average value of 7.
Average sulphate is 10,479 ppm, chloride 60,872 ppm.

Round 2 Assays

Lithium (Li) values are in the range of 256 ppm to 354 ppm with an average of 324 ppm. The lower Li value of Round 2 was mainly due to the high precipitation during the period of time between Round 1 and Round 2 samplings.
Magnesium (Mg) is in the range 1153 ppm to 2007 ppm with average 1773 ppm. Mg to Li ratio is in the range of 4.5 to 5.7 with an average of 5.5.
Boron is in the range of 188 ppm to 344 ppm with average 294 ppm.
Overall pH is generally neutral with an average value of 7.
Average sulphate is 9,698 ppm, chloride 58,630 ppm.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated, "The assay results from Laguna Verde indicate great potential for the project interpreted as a single brine aquifer showing consistent values of lithium and other parameters down to an open depth of 227 meters. The Company is in the process of carrying out pumping tests to determine the capacity of the aquifer and will be carrying out more sampling during the process for the hole LV22-04 while preparing for more and deeper drill holes in the near future."

Sampling Procedures

The drill hole LV22-04 was drilled at location: S 25° 18' 51,3"; W 67° 57' 55,7"; at elevation 4034 MASL down to a depth of 220 meters with a six-inch diameter using a rotary drill machine. The well was then reamed to a diameter of 9 7/8 inches. Brine sampling was carried out using a bailing device which was opened at the required depth of sampling. Field parameters of the samples such as pH, dissolved oxygen, and conductivity were noted. The samples were collected in the laboratory supplied bottles and were shipped to SGS laboratories in Salta, Argentina which is an independent accredited global laboratory. The samples were analyzed using codes mentioned in Tables 1 and 2.

Highlights of Laguna Verde Brine Lithium Project

Laguna Verde is a new brine lithium discovery where exploratory sampling conducted by the Company has shown lithium values in the range of 34 to 1,270 milligrams per liter (mg/L) – (see ULT press release dated February 2, 2018). The Company's previous exploration work from 2017-2021 included surface brine sampling, ground geophysical surveys and bench scale evaporation testwork. The Laguna Verde mineralized brines are marked by low magnesium to lithium ratios, in the range of zero to 10 which can result in lower production costs.

In 2018, the Company also completed a 39.2-line- kilometers of ground geophysical survey. The survey results indicate high value brine lithium exploration targets in a salar core area of 3.4 square kilometers within a 23 square kilometre, 100- to 150-meter-thick sedimentary basin with the potential to host lithium-brines. Interpretation of gravity survey data show a major fault system exists to the east of the Laguna Verde Salar and also indicates the presence of a 2.4-kilometer-thick Cenozoic basin, which requires further exploration.

In 2018, a bench scale evaporation test of approximately 4,000 litres of brine sample from Laguna Verde was carried out in Ultra Argentina laboratories located in Salta. The density of the original brine sample was 1156 and its lithium concentration was 391 ppm. Two types of evaporation tests were conducted. The first test included evaporating 179 litres of brine sample in an external pool located outside to match natural evaporation conditions. The results indicate that in a period of five months, the brine volume was reduced from 16 cubic metres (m ³ ) to 3 m ³ and lithium concentration increased from 391 to 6,760 ppm. Major salts produced during this process were Halite, Felsobanyaite, Silvite, Lithium Sulfate and Potassium, Carnalite, Kainite and Gypsum. The second test was conducted inside in controlled conditions. The results indicated that the original brine volume of 2,326 m ³ was reduced to 85.06 m ³ and the lithium concentration increased from 391 to 7,370 ppm (see ULT press release dated September 24, 2021).

Qualified Person

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as Vice President Exploration of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kiki Smith"

Kiki Smith, CFO

About Ultra Lithium Inc.
Ultra Lithium is a mineral exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds brine lithium properties in Argentina, hard rock spodumene type lithium properties in the Georgia Lake / Forgan Lake areas in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA. The Company also holds gold and base metals properties in Argentina.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kiki Smith"

Kiki Smith, CFO

For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Email: kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company's filings at www.SEDAR.com.

Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

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

Table 1: Round 1 sample results

Sample ID	Unidad:	1	2	3	4	5	6	7	Average	Método:
Depth	m	38.8	38.8	70.4	70.4	85.0	112.4	112.4
Densidad a 20°C	kg/m3	1071	1078.4	1077.8	1079.5	1085.6	1086.4	1086.1	1,080.69	ASTM D4052-18a
Densidad a 20°C	G/ML	1.071	1.0784	1.0778	1.0795	1.0856	1.0864	1.0861	1.08	ASTM D4052-18a
Alcalinidad	mg CaCO3/l	1285	3405	1195	1155	1025	1020	1010	1,442.14	Basado en SM 2320 B - 23rd Edition
Bicarbonatos	mg CaCO3/l	1285	1725	1195	1155	1025	1020	1010	1,202.14	Basado en SM 2320B - 23rd Edition
Carbonatos	mg CaCO3/l		1680							Basado en SM 2320B - 23rd Edition
Cloruros	mg/L	53623	56907	58443	60666	65685	65028	65749	60,871.57	Basado en SM 4500Cl-D - 23rd Edition
Conductividad	uS/cm	151700	167400	180900	162900	170000	172800	178300	169,142.86	Basado en SM 2510 B 23rd Edition
Dureza (por cálculo)	mg/L	8960	4030	9650	9880	10600	10600	10700	9,202.86	Basado en SM 2340B - 23rd Edition
Bario	mg/L									SGS.ME.342
Boro	mg/L	289	392	316	331	356	359	357	342.86	SGS.ME.342
Calcio	mg/L	604	210	566	594	610	610	618	544.57	SGS.ME.342
Estroncio	mg/L									SGS.ME.342
Hierro	mg/L									SGS.ME.342
Litio	mg/L	387	386	398	398	411	417	388	397.86	SGS.ME.342
Magnesio	mg/L	1808	851	2000	2040	2203	2195	2215	1,901.71	SGS.ME.342
Manganeso	mg/L									SGS.ME.342
Potasio	mg/L	3811	4331	3907	4070	4308	4380	4078	4,126.43	SGS.ME.342
Sodio	mg/L	31237	35550	33725	35345	38153	37964	37656	35,661.43	SGS.ME.342
Zinc	mg/L									SGS.ME.342
pH	UpH	6.8	8.8	6.8	6.8	6.8	6.8	6.7	7.07	Basado en SM 4500 H B 23rd Edition
Solidos Suspendidos Totales	mg/L	64	660	62	64	80	480	60	210.00	Basado en SM 2540 D - 23rd Edition
Solidos Totales Disueltos	mg/L	108500	122500	115500	120000	129000	140500	130000	123,714.29	Basado en SM 2540 C - 23rd Edition
Sulfatos	mg/L	9360	10525	9870	10220	11089	11245	11047	10,479.43	Basado en SM 4500 D - 23rd Edition

Table 2: Round 2 sampling results

Sample ID	Unit	CLVW4008	CLVW4010	CLVW4011	CLVW4012	CLVW4013	CLVW4009	Average	Método:
Depth	m	120	120	120	120	120	120
Densidad a 20°C	kg/m3	1086.9	1082.8	1084.6	1081.1	1077.8	1054	1,077.87	ASTM D4052-18a
Densidad a 20°C	G/ML	1.0869	1.0828	1.0846	1.0811	1.0778	1.054	1.08	ASTM D4052-18a
Alcalinidad	mg CaCO3/l	930.5	1018.7	955	1028.5	783.6	1439.9	1,026.03	Basado en SM 2320 B - 23rd Edition
Bicarbonatos	mg CaCO3/l	931	1019	955	1028	784	1440	1,026.17	Basado en SM 2320B - 23rd Edition
Carbonatos	mg CaCO3/l								Basado en SM 2320B - 23rd Edition
Cloruros	mg/L	65821	62327	63374	61973	58428	39857	58,630.00	Basado en SM 4500Cl-D - 23rd Edition
Conductividad	uS/cm	134500	130100	132800	128200	124500	94460	124,093.33	Basado en SM 2510 B 23rd Edition
Dureza (por cálculo)	mg/L	9820	9460	9670	9220	8270	6020	8,743.33	Basado en SM 2340B - 23rd Edition
Bario	mg/L								SGS.ME.342
Boro	mg/L	344	317	324	308	281	188	293.67	SGS.ME.342
Calcio	mg/L	621	614	620	602	492	510	576.50	SGS.ME.342
Estroncio	mg/L								SGS.ME.342
Hierro	mg/L								SGS.ME.342
Litio	mg/L	354	343	344	333	311	256	323.50	SGS.ME.342
Magnesio	mg/L	2007	1924	1971	1873	1710	1153	1,773.00	SGS.ME.342
Manganeso	mg/L								SGS.ME.342
Potasio	mg/L	3006	2877	2939	2802	2588	1832	2,674.00	SGS.ME.342
Sodio	mg/L	39353	37024	37722	37043	35636	24498	35,212.67	SGS.ME.342
Zinc	mg/L								SGS.ME.342
pH	UpH	7	7.1	6.9	7	7	7	7.00	Basado en SM 4500 H B 23rd Edition
Solidos Suspendidos Totales	mg/L	540	530	270	180	510	210	373.33	Basado en SM 2540 D - 23rd Edition
Solidos Totales Disueltos	mg/L	130350	123200	123800	120650	113950	79650	115,266.67	Basado en SM 2540 C - 23rd Edition
Sulfatos	mg/L	11187	10381	10529	10109	9668	6314	9,698.00	Basado en SM 4500 D - 23rd Edition

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Ultra Lithium TSXV:ULT Battery Metals Investing

ULT:CA

Ultra Lithium Inc. Appoints Directors

Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) ("Ultra Lithium" or the "Company") is pleased to announce that Kiki Smith and Graham Adria have been appoint to the Company's board of directors.

Graham Adria was appointed to the board of directors on November 15, 2023. Graham Adria has extensive experience as a corporate lawyer and currently works for an international law firm in Beijing. He is experienced in cross-border transactions in the resources sector, particularly on small and mid-cap mining transactions into Africa and Asia. Graham received his Bachelor of Arts (Honors) in Political Science from the University of Alberta and his Juris Doctor from Osgoode Hall. Graham is called to the bar in Ontario.

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CORRECTING and REPLACING - Ultra Lithium Inc. Closes Private Placement

In a news release issued Friday, August 11, 2023, by Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) under the same headline, please note the Warrant Share price in the second paragraph should be "$0.25 in the second twelve months following issuance" rather than "$0.12 in the second twelve months following issuance" as originally issued. Complete corrected text follows.

Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) ("Ultra Lithium" or the "Company") is pleased to announce that it has closed a non-brokered private placement issuing 18,181,819 Units at a price of C$0.055 per Unit for gross proceeds of C$1,000,000.

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Ultra Lithium Invites Shareholders and Investment Community To Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023

Ultra Lithium Corp. (TSXV: ULT) (OTCQB: ULTXF) ("Ultra" or the "Company") is pleased to be exhibiting in Toronto this weekend at Booth #2353 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 5 to Wednesday, March 8, 2023.

ABOUT Ultra Lithium

Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium, gold and copper assets. The company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake/Forgan Lake area in Northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nev., United States. The company also holds other gold and base metals properties in Argentina.

Additional information about Ultra and its operations can be found on the Company website at https://ultralithium.com/. Follow us on Twitter @Ultra_Lithium and LinkedIn at https://www.linkedin.com/company/ultra-lithium-inc.

On behalf of the Board of Directors
Kiki Smith, CFO

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Victory is Pleased to Announce the Appointment of Gary Musil to the Company's Board of Directors and a Private Placement

Victory Battery Metals Corp. (CSE:VR)(OTC PINK:VRCFF)(FWB:VR6) welcomes Gary Musil as a director of the Company, effective July 1, 2024. Gary Musil has more than 35 years of management and financial consulting experience and has served as an officer and director on numerous public companies since 1988. This experience has resulted in his overseeing the financial aspects and expenditures on exploration projects in Peru, Chile, Eastern Europe (Slovak Republic), and British Columbia, Ontario, Quebec, Saskatchewan and New Brunswick (Canada). Prior to his public company work, he was employed for 15 years with Dickenson Mines Ltd. and Kam-Kotia Mines Ltd., as the Controller for their producing silverleadzinc mine in the interior of British Columbia

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Albemarle Announces Quarterly Common Stock Dividend

The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62 is payable Oct. 1, 2024 to shareholders of record at the close of business as of Sept. 13, 2024 . For 30 consecutive years, Albemarle has raised its dividend.

About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com , LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp .

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the U.S. Securities and Exchange Commission, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Investor Relations Contact: Meredith Bandy , +1 (980) 999-5768, meredith.bandy@albemarle.com
Media Contact: Peter Smolowitz , +1 (980) 308-6310, media@albemarle.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-announces-quarterly-common-stock-dividend-302198618.html

SOURCE Albemarle Corporation

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Altech Batteries Ltd Update on CERENERGY ABS60 Battery-pack Prototypes

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to provide an update on the production of its CERENERGY(R) ABS60 BatteryPack prototypes. All 240 cells for the first ABS60 BatteryPack Prototype have now been fabricated, assembled and initialized at Fraunhofer IKTS Hermsdorf's pilot plant.

Highlights

- Prototype production is progressing well

- All CERENERGY(R) cells for the first 60 KWh Prototype completed

- Cell contacting system manufacturing finished and delivered

- Improved cell electrode design showing excellent results

- Cell quality tests by Fraunhofer delivering better than expected capacity

- Welding of cells to cell contacting system underway

- Completed modules will be mounted into ABS60 BatteryPack next week

To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

IMPROVED CELL ELECTRODE DESIGN

During the fabrication of the two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes, the Altech and Fraunhofer team made several design improvements to the cell's positive probe. These enhancements aimed to boost the cell's energy capacity and reduce the nickel content. The "V2" design of the positive probe allows for slightly faster charging and discharging while lowering the unit costs of the battery. Testing revealed that most cells had higher-than-expected energy capacities, an outstanding result that strongly supports the chosen electrode design. With all cells manufactured according to the series design and optimized processes, the best cells to date have been completed. The table below demonstrates that all the cells are meeting the expected specifications.

CELL CONTACTING SYSTEM COMPLETED

The Cell Contacting System (CCS) has undergone stringent testing and has now been completed and delivered by key supplier Hofer AG. The CCS was delivered to Fraunhofer IKTS in Dresden, where all parts of the modules will be collected to assemble each of the five modules. Each module contains 48 cells, that are currently being welded to the CCS by an external service provider.

After welding is completed, the ABS60 BatteryPack with its 60 kWh capacity can be completely assembled.

MODULE WELDING TRIALS

To guarantee the most time-efficient welding, a unique tool was designed and built at Xenon, which is responsible for welding and quality control across the 120 MWh battery plant. After completing the welding tool, it was shipped to an external laboratory, accompanied by a test module and several trial cells. The aim was to determine the best working parameters and to proof the handling of certain parts of the module.

The trials were successfully finished.

CELL MANUFACTURING PROGRESSING WELL

All 240 cells for the first ABS60 BatteryPack Prototype have been assembled and initialised at Fraunhofer IKTS, Hermsdorf. To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

INTERIM CELL TESTING

At Fraunhofer IKTS in Hermsdorf, all cells were scanned using a unique X-ray microtomography device that enables the ability to look inside cells after they are hermetically closed. This is required to ensure the most homogeneous material distribution inside the cells as well as the best possible alignment of cell components e.g. electrode. The results have been excellent to date. Another quality assurance procedure involved cycling cells to ensure the electrical requirements and parameters are operating as designed.

MODULE WELDING AND BATTERYPACK ASSEMBLY

After every cell passed all quality checks, the modules containing the cells were shipped to the laboratory for welding onto the CCS. By using the predetermined parameters for welding, all modules have been successfully welded. After completion, the modules will be shipped to Fraunhofer IKTS, Dresden, where all five modules will then be mounted into the ABS60 BatteryPack and the first Prototype will be completed.

This will enable testing and demonstration to potential customers, to prove individual use cases for each customer.

ABOUT THE ABS60 - BATTERYPACK

The 60kWh Altech Battery Pack consists of five 12kWh modules with 48 cells each, mounted on top of each other and sealed in a thermal isolated stainless steel hood housing. The Battery management system is mounted at the base. To maintain thermal self-sufficiency, an insulation hood was designed, where the required heat of the system can be maintained inside the BatteryPack as long as possible, although the outer surface only has ambient temperature. This was achieved by using vacuum insulation. The base of each module is designed to accommodate folklift transport for easy mounting into the GridPack.

Commenting on the progress, MD and CEO Iggy Tan stated "Altech's team in Germany, together with its joint venture partner Fraunhofer, and with the assistance of key suppliers, have made excellent progress on the fabrication of two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes. All components for the first BatteryPack have now been fabricated. Altech is now completing the welding of the cells to the Cell Contacting System, after which the five completed battery modules will be delivered to Fraunhofer IKTS in Dresden, where all five modules will be mounted into the ABS60 BatteryPack and the first ABS60 Prototype will be completed. The BatteryPack will then be available for testing and demonstration to potential customers, thereby assisting Altech in securing offtake and finance for the 120MWh CERENERGY(R) battery plant to be constructed on Altech's land in Germany".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/O449B2I4

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Nevada Sunrise Initiates Data Review to Develop New Drill Targets at the Coronado Copper Project, Nevada

Nevada Sunrise Metals Corporation (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce that the Company has initiated a geological and geophysical data review on its Coronado Copper Project (" Coronado ", or the " Project ") located in Pershing County, Nevada approximately 48 kilometers (30 miles) southeast of Winnemucca . The purpose of the Coronado data review is to identify new, shallow drill targets in an area of the Project where historical drilling in 1976 identified high-grade copper mineralization.

Highlights of the Coronado Copper Project

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NextSource Materials Appoints Jaco Crouse as Chief Financial Officer

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces the appointment of Jaco Crouse as Chief Financial Officer (CFO) of the Company as part of its global growth strategy

Mr. Crouse today replaces Marc Johnson who has served as CFO since October 2015. Mr. Johnson will continue to provide consulting services to the Company to assist with the smooth transition of this role. The Board of Directors of the Company would like to thank Mr. Johnson for his service to the Company over the years and wishes him well in his future endeavours.

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Nevada Sunrise Signs Indicative Term Sheet to Sell Remaining Interest in the Kinsley Mountain Gold Project, Nevada

Nevada Sunrise Metals Corp. (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") announced today that it has signed a non-binding, indicative term sheet with CopAur Minerals Inc. (" CopAur ") for CopAur to acquire Nevada Sunrise's remaining ownership interest in the Kinsley Mountain Gold Project in Nevada (" Kinsley Mountain "). If the transaction is completed, CopAur will own 100% of Kinsley Mountain .

The indicative term sheet outlines a potential transaction whereby CopAur would acquire Nevada Sunrises' 18.74% ownership interest in Kinsley Mountain in consideration of the payment of CDN$475,000 and the issuance of 1,000,000 common shares of CopAur (the "Shares"). The Shares would be deposited in escrow and released in successive releases of 250,000 Shares once every calendar quarter commencing after expiry of the four-month statutory hold period following the closing date. The terms of the transaction are indicative and the final terms are subject to the negotiation and completion of a definitive agreement on terms acceptable to Nevada Sunrise and CopAur. The transaction is subject to a number of conditions including CopAur arranging a financing in the amount of a minimum of CDN$475,000 , completion of satisfactory due diligence, and the fulfilment of various closing conditions, including acceptance by the TSX Venture Exchange.

About Kinsley Mountain

Kinsley Mountain was a historical past producer that yielded 138,000 ounces of near-surface, open-pit oxide gold between 1995 and 1999, and currently hosts a compliant National Instrument 43-101 mineral resource. A technical report on Kinsley Mountain entitled "Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A. ", dated June 21, 2021 , with an effective date of May 5, 2021 , prepared by Michael M. Gustin and Gary L. Simmons , is available for review under New Placer Dome Gold Corp.'s issuer profile on sedarplus.ca

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold and copper exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV , and in the Pelican lithium project in Saskatchewan, Canada . The Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Gold Point, NV.

Nevada Sunrise has the right to earn a 100% interest in the Coronado Copper Project , located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

The Company owns an 18.74% interest in the Kinsley Mountain Gold Project near Wendover, NV , in a joint venture with CopAur, which is now the subject of a potential transaction between Nevada Sunrise and CopAur.

FORWARD LOOKING STATEMENTS

This release may contain forward–looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to: the completion of the potential transaction with CopAur Minerals Inc. for the purchase of the Company's remaining participating interest in the Kinsley Mountain Gold Project joint venture; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months Ending March 31 , 2024, which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

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

SOURCE Nevada Sunrise Metals Corporation