Electric Royalties: Royalty Financing The Electric Revolution, CEO Clip Video |

Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF is set to take advantage of the growing demand for EV commodities. BTV chats with CEO & Director, Brendan Yurik to learn more.

Electric Royalties Ltd.(TSXV: ELEC) (OTCQB: ELECF)

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Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

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The increasing popularity of electric vehicles and the green energy movement has disrupted the transportation and power industry entirely. By 2050, over 17 countries announced 100 percent zero-emission vehicle targets or goals to phase out internal combustion engines vehicles.

Seeing these unprecedented trends in growth across the electric vehicle market means the demand for key raw materials used in the lithium-ion batteries needed to power these technological innovations could experience significant parallel growth. As prices for these raw commodities grow, market researchers predict more money investment opportunities coming into the sector. Especially for royalty companies with widespread exposure across the market, the investment upside could be significantly advantageous.

Electric Royalties Ltd. (TSXV:ELEC) is a royalty company focused on building a premium portfolio that takes advantage of the demand for a wide range of commodities and critical metals like lithium, vanadium, manganese, tin, graphite, zinc, cobalt, nickel and copper. Focusing on these vital elements leverages the growing demand and global drive toward electrification across virtually all sectors, including transportation, rechargeable batteries, large-scale energy storage, renewable energy generation and more.

As a royalty company, Electric Royalties does not operate mines nor needs large and highly specialized teams to carry on their operations. Likewise, having a robust commodity portfolio helps to diversify investment and mitigate risk for investors and shareholders while leveraging exploration upside, revenue-driven business modelling and more. It currently has a growing portfolio of 17 royalties on assets located primarily in North America and Australia..

The company operates a two-tier approach to royalty acquisition. It has a strategic global focus for projects in politically stable jurisdictions with an emphasis on districts with strong legal and mining frameworks. Additionally, Electric Royalties focuses on lifelong assets with outstanding exploration potential, which leverage near-term production potential, advanced staging, multiple commodity cycles, resource upgrades and producing opportunities.

Unlike other royalty companies, Electric Royalties has an exceptionally robust nine commodity portfolio and a top management team that understands the ins and outs of how the royalty game works. “We’re creating a new royalty where we make sure it’s gross revenue, covers the whole deposit and it’s drafted by us. At this point in time, we do this for a living. Ultimately, you’re going in, and you’re creating and adding some value to a group,” commented Electric Royalties CEO and director Brendan Yurik.

In July 2021, the company announced that it closed a private placement consisting of five million units of the company issued for gross proceeds of CAD$2 million. Each unit consists of one common share of Electric Royalties plus one common share purchase warrant. Completion of the private placement is subject to regulatory approval but advances the company’s plans for additional strategic royalty acquisition.

Electric Royalties Ltd.’s management team is an experienced group of executives and advisors with proven track records of success across multiple related industries like mining, finance and more. Together, their years of expertise primes the company for significant growth in line with the exponential growth forecasted in the demand for sustainable electrification globally.

This producing zinc asset hosts levels of annual production hovering 50,000 tons of zinc concentrate across a 15 year mine year.

Middle Tennessee zinc mines have produced over 2.7 billion pounds of zinc for over 50 years. The strategically positioned zinc mine leverages close proximity and association with Trafigura’s Clarksville smelter, the only primary zinc producer in the US.

The Authier Lithium is a 0.5 percent gross revenue royalty and the project sits in close proximity to the only producing lithium mine in Canada about 45 kilometers northwest of Val d’Or and is operated by Sayona Lithium. It stands as a simple, near-surface deposit with resources defined in one spodumene-bearing pegmatite based on 31,000 metres of diamond drilling. Authier also leverages excellent infrastructure, including existing mining support services, environmentally-friendly low-cost hydroelectric power, gas and road networks.

Sayona Mining Limited completed a revised definitive feasibility study in November 2019 under JORC. Sayona also has a large strategic investment by Piedmont Lithium, who is the only lithium company to have an offtake agreement with Tesla. Sayona Mining has recently completed the acquisition of the Canada Lithium Mine in partnership with Piedmont Lithium and plans to ramp up production at the mine using ore from the Authier project with planned production preliminarily set for 2023.

The near-production Graphmada Large Flake Graphite Mining Complex is located in Eastern Madagascar and was in continuous production for 30 months prior to being placed in care and maintenance due to Covid related restrictions put in place at the start of 2020. The operator Bass Metals has been using the down time to look at an expanded production case set to be released in the near future andrecently increased its mineral resource by 41% to 20.2 million tonnes (Mt) of >90% large flake graphite. All mining and processing infrastructure, including roads, bridges, power, camp, tailings dams are in place, along with 40-year mining permits and 20-year landholder agreements. The complex sits adjacent to the main national highway and is110km to the country’s only deep-water port at Toamasina. The royalty is a 2.5 percent gross revenue royalty.

The Bissett Creek property sits between Ottawa and North Bay in Ontario, Canada. The feasibility stage asset has a potential annual production level of 33,200 tons with a mine life of approximately 21 years at a US$1,800 revenue per ton ratio.

Bissett Creek hosts open pit mining potential and has already seen significant bulk sampling, pilot plant testing and recoveries of over 92.4 percent graphite. The next steps include further exploration and production expansion of some of the highest large flake yields reported from any graphite project globally.

The Mont Sorcier property hosts a large-high-quality Iron resource with significant and extractable Vanadium in a top-tier mining jurisdiction. The one percent gross revenue royalty has an estimated 4.8 million ton iron annual production potential at 65 percent iron and 0.6 percent vanadium. The potential IRR is 33.8 percent.

Exceptionally low titanium content makes the deposit unique to other iron-titanium-vanadium deposits around the world. Low titanium in the deposit allows the iron ore and vanadium processing directly through a blast furnace for potential lower-cost operations and open-pit mining with a life of mine strip ratio of 0.89.

Glencore has entered into a long-term arrangement to support the development of the Mont Sorcier project and is assisting with raising capital to finalize feasibility studies.

Battery Hill is a historic resource that spans 1,228 hectares and leverages fast-tracked feasibility study stage potential. Kemetco currently has operations to develop and commercialize a flow sheet to produce a battery-grade manganese product for the growing electric vehicle and energy storage industries. The property leverages great highway access and transmission lines. Electric Royalties has early-mover potential with Battery Hill as there are no producing manganese mines in North America.

Battery Hill project mineral resource estimate consists of 34.86 million tonnes of Measured and Indicated mineral resources grading 6.42% Mn, plus an additional 25.91 million tonnes of Inferred mineral resources grading 6.66% Mn utilizing a 2.5% Mn cut-off grade. In partnership with Kemetco, they have done extensive metallurgical testing achieving a product with 99.95 percent purity, also with very low contaminants, was considered a transformational achievement as this demonstrated that Manganese X Energy’s Battery Hill manganese could be compliant and suitable for battery manufacturing use in EVs, energy storage and other high-tech applications. A PEA is currently underway.

Seymour Lake is a 1.5 percent net smelter royalty that covers 16,654 hectares of lithium mineralization hosted in spodumene-bearing pegmatite sills with a thickness of more than 26 meters. Electric Royalties has exercised an AUD$8.7 million option and established a joint venture to progress Seymour Lake and other strategically located lithium projects. The property also has excellent road access near the main CN rail line.

The main pegmatite at the North Aubry prospect is 250 meters wide and 300 meters long and remains open along strike and at depth. Strategic positioning near pegmatites helps to potentially reduce transport costs and leverage easier access to high-quality mineralization in future mining endeavors. Its over 6.58 million ton measured and indicated lithium resource and potential 24,000tpa annual production level are exciting attributes of this royalty for the company to take advantage of.

The Australian-based cobalt-copper depository stands open for expansion and sits in the well-established mining district of Mount Isa, Qld. Electric Royalties recently signed an option for Metal Bank Ltd. to earn in and Joint Venture the project.

The royalty leverages a historic resource of inferred 3.1 million tonnes of mineralization at 0.14 percent cobalt, 0.35 percent copper and 0.12 gold grades. A 2018 drill program confirmed connective high-grade cobalt zones and wide cobalt zones with assay results indicating metal grades exceeding prior expectations. Preliminary metallurgical studies have also demonstrated the potential to recover an excess of 91 percent of the cobalt and copper.

These highly prospective projects sit within the Preissac-Lacorne plutonic complex of the prolific Abitibi Greenstone Belt, the complex forming excellent surrounding mining opportunities for lithium mineralization. The plutonic complex also generated the Quebec Lithium project located 60 kilometers north of Val dOr, Quebec. The royalties stand at two percent gross revenue.

The Yalbra Graphite Project is located 250km North West of Meekatharra and 280km East of Carnavon, Western Australia, and covers an area of 22km². The property has been systematically explored for graphite mineralisation, undertaking mapping, a heli-VTEM survey, several rounds of drilling, petrology, two resource estimates and metallurgy test work. The drilling program resulted in some of the highest grade x thickness graphite drill intercepts reported in Australia.

The Glassville project comprises 15 claims close to the Battery Hill project. The pre-production asset has a historical resource of over 453,000 manganese mineralization at 11 percent manganese and 8.45 percent iron grades to a depth of 80 meters.

The 0.5 percent gross revenue royalties include exploration projects located near the Millenium cobalt project, which hosts highly prospective high-quality cobalt, copper and gold mineralization. The royalties operate early-mover advantages and excellent exploration potential as much of the area remains under-explored and limitedly tested.

Brendan Yurik is the founder and CEO of Evenor Investments Ltd, a financial advisory group to junior mining companies for alternative financing, debt, equity and M&A with experience on over CAD$2 billion in mining financing transactions throughout his career. He has prior global experience as a research analyst as well as in business development and mining financial advisory roles with Endeavour Financial, Cambrian Mining Finance Ltd, Northern Vertex Mining Corp. and King & Bay West Management Corp.

Luqman Khan is the CFO of RE Royalties Ltd, a renewable energy royalty company, involved in the acquisition of 86 royalties to date. He has been a financial reporting executive with over 20 years of professional experience in accountancy and business management. Additionally, Khan has served as CFO for several publicly listed TSX-V resource companies and previously with Ernst and Young in their assurance practice.

David is an economic geologist specializing in project assessment and resource estimation. His experience spans projects worldwide and includes roles with senior mining companies and junior exploration companies. He is a co-recipient of the PDAC’s Thayer Lindsley International Discovery Award.

Co-founder and Chairman of RE Royalties Ltd, a renewable energy royalty company, involved in the acquisition of 84 royalties to date. Over 25 years senior executive experience in corporate finance and mining with a global merger, financing, acquisition and divestiture track record of more than 50 transactions.

Founder and CEO of Otis Gold Corp (TSXV: OOO) and a current director of VR Resources Ltd. (TSXV: VRR), Alianza Minerals Ltd. (TSXV: ANZ) and Philippine Metals Inc. (TSXV: PHI). Prior to Otis, was Founder and CEO of Magnum Uranium Corp and led its sale to Energy Fuels Inc. (TSX: EFR). In excess of 25 years of experience in corporate finance, venture capital and public company management.

Co-founding director of International Royalty Corp (sold for $800m to Royal Gold). More than 30 years of experience working internationally in business development roles with major and junior mining companies including formerly representing as Chairman of PDAC. Serves as a director of a number of public resource companies.

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the signing of an agreement on June 27, 2022 to sell 1% of its existing 1.5% Net Smelter Royalty ("NSR") on the Seymour Lake Lithium Deposit in Ontario, Canada, to Lithium Royalty Corp. ("LRC"). For more information on the Seymour Lake Lithium Deposit, see Electric Royalties' news release on February 17, 2021

Brendan Yurik, CEO of Electric Royalties,commented: "The sale of part of our Seymour Lake royalty will unlock some of the value in our portfolio. The Company acquired the 1.5% NSR in 2021 for 3,000,000shares, prior to the substantial increase of the lithium price this past year1. This partial sale along with the cash from our recent financing will enable us to deploy capital into additional nearer-term production opportunities with a view to increasing cash flow. We believe our current valuation does not reflect the value of our royalty portfolio of 19 royalties acquired to date, with potential for promising cash flow over the next few years."

Acquisition Terms The Company will receive $4,000,000 cash consideration for selling two thirds of its 1.5% NSR ("NSR Interest"), being one-half of an aggregate 3.0% NSR ("Project NSR"), acquired from an arm's-length holder who originally acquired the NSR Interest, with the balance of the Project NSR held by Sandstorm Gold Ltd. Upon closing of the transaction, Electric Royalties will retain a 0.5% NSR on Seymour Lake.

Closing is expected around mid August 2022, and is subject to completion of due diligence and certain customary conditions.

About Electric Royalties Ltd. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

1 https://tradingeconomics.com/commodity/lithium

Cautionary Statements Regarding Forward-Looking Information and Other Company Information This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.

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Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties,commented: "A tremendous first half of 2022 has seen 24 exciting developments across 11 assets within our royalty portfolio. Drilling is underway at the high-grade copper-cobalt Millennium project in Australia with assays expected later this year. Drill results have been received on the promising Seymour Lake lithium project in Ontario and the operator has announced that a resource estimate is imminent. Metallurgical development milestones are being advanced at our Battery Hill manganese royalty as Manganese X Energy Corp. kicks off a pilot plant program after years of rigorous test work in partnership with Kemetco. Initial processing test results at the Cancet lithium project are promising, showcasing a fairly simple process and indicating potential to produce a 6% lithium spodumene concentrate suitable for the battery market. And lastly, Sayona Mining has been very busy as operator of our Authier lithium royalty, having raised over $150 million this past month alone and announcing a pre-feasibility study incorporating the Authier lithium project into a combined production scenario with the nearby North American Lithium mine, located 60 km north of Val-d'Or, Quebec.

"Investors are rightly concerned about ongoing inflation levels, but as a royalty company, we're protected from capital cost inflation as when the time comes to build mines, Electric Royalties has no required contribution to any inflated costs. We're also largely protected against mine operating cost inflation, other than treatment and smelting charges for net smelter royalties. The value of our royalties is directly proportional to the price of the metals we are targeting and prices have been rising steadily with lithium alone increasing substantially this past year."

Highlights since the Company's previous development update on May 11, 2022:

Global Energy Metals reported encouraging visual observations with copper oxide and/or sulphides noted in all holes and mineralization noted in all host rocks. Moreover, chalcopyrite and cobaltite have been observed within broad alteration halos not within the current resource envelope.

Phase 2 of the reverse circulation drill program in the North resource area, along with metallurgical and deeper diamond drilling in the South and Central resource areas, is scheduled mid June for approximately 1,600 metres. Metallurgical and deeper diamond drilling work is the first priority of the drill program, which will then expand into the northern parts of the Central resource area and some scoping of the Northern resource area. All drilling assay results are expected by late September, with metallurgical test work planned following the completion of Phase 2 drilling.

Results to date from Phase 1 drilling at North Aubry suggest continuous mineralization to depth and both the northern and down-dip extents of the pegmatite are open to further expansion. As a result of the Phase 1 drilling success at North Aubry, Green Technology Metals has commenced further step-out drilling to test the on-strike and down-dip potential of the pegmatites. Logging from these holes demonstrates host pegmatites occur a substantial distance down-dip from the nearest previous pegmatite intercept.

All announced results from the Phase 1 program are planned to be incorporated in an updated Mineral Resource estimate for Seymour Lake, which remains on track for completion during Q2 2022. Observations from the current, ongoing drill program indicate substantial potential upside to the Seymour Lake Mineral Resource estimate.

Phase 2 (Central Aubry zone) and Phase 3 (Pye prospect) diamond drilling at Seymour Lake are underway. There is currently no Mineral Resource estimate at either the Central Aubry zone or Pye prospect, with the existing Seymour Lake Mineral Resource estimate comprised solely of the North and South Aubry deposits. At Central Aubry, seven holes have been completed to date for approximately 1,292 metres. At the Pye prospect (located approximately 1 km east of the Aubry complex), six holes have been completed to date for approximately 1,383 metres. Results from the first five holes at Central Aubry and Pye did not include significant lithium intercepts. Initial drilling at Pye identified lithium-cesium-tantalum type pegmatites with geological continuity of over 250 metres and remains a target for further exploration. Drilling will continue at Pye and Central Aubry once the ground conditions improve sufficiently to allow rig movements.

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

For further information, please contact:

Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

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Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the signing of a binding letter agreement with World Copper Ltd. (TSX.V: WCU) (OTCQB: WCUFF) (FRA: 7LY0) ("World Copper") to acquire a 0.5% gross revenue royalty ("GRR") on the wholly owned Zonia Copper Oxide Project in Arizona, US (the "Zonia Project" or "Zonia") in exchange for C$1,550,000 cash and 2,000,000 common shares of the Company (the "Transaction"). The Company will also have the right, for a period of 15 months after closing of the Transaction, to acquire a further 0.5% GRR on the Zonia Project for C$3,000,000 cash consideration. In addition, the Company will have an option, to acquire a 1% GRR on the Zonia Norte deposit, adjacent to the Zonia Project, for C$3,000,000 cash, at any time during a period of 24 months from the date that World Copper publishes an initial technical report in respect of the Zonia Norte deposit which is prepared in accordance with National Instrument 43-101 and which contains an estimate of Inferred Mineral Resources

The 2,000,000 common shares will be subject to voluntary escrow which provides that the common shares will be subject to a hold period of 6 months. The Transaction noted herein is subject to completion of due diligence, approval of the TSX Venture Exchange and other customary conditions.

Brendan Yurik, CEO of Electric Royalties commented, "As a royalty company, we seek to acquire development assets that that have a clear path to production. The Zonia Copper Oxide Project is a near-term copper oxide development project in an attractive mining jurisdiction, Arizona, with a clear path to production.

"Zonia has had an extensive amount of drilling and a significant resource estimate of over 500 million pounds of copper with potential for further resource growth. At recent and forecast long-term copper prices, the Zonia Project has robust economics, a compelling case to bring it to production, and a team experienced in project delivery. As the project sits entirely on private patented land in Arizona, there is potential for a permitting and start of operations timeline of under four years. Due to the extensive amount of work already carried out on the project, World Copper's management estimates that C$5 million is sufficient to advance the project to feasibility stage within the next two years. As the world transitions toward a net-zero economy, the clean energy technologies enabling this shift will be metal intensive. Copper demand is projected to exceed supply by five to eight million metric tons by the end of the decade.1 We're very excited to partner with World Copper's management team and believe that Zonia is well positioned to meet this demand."

Zonia Project Royalty Acquisition Highlights

The PEA is considered preliminary in nature, contains numerous assumptions and includes Inferred Mineral Resources that are considered too speculative, geologically, to have the economic considerations applied that would enable them to be classified as Mineral Reserves. There is no certainty that the results of the PEA (or any update thereto) will be realized. No Mineral Reserves have been estimated for Zonia. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Inferred Mineral Resources are that part of the Mineral Resource for which quantity and grade, or quality are estimated based on limited geologic evidence and sampling, which is sufficient to imply but not verify grade or quality continuity. Inferred Mineral Resources may not be converted to Mineral Reserves. It is reasonably expected, though not guaranteed, that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. Mineral Resources are captured within an optimized pit shell and meet the test of reasonable prospects for economic extraction.

Figure 1: Location map of Zonia Project. Source: World Copper Ltd.

The Zonia Copper Oxide Project in central Arizona has been held under private ownership for almost 100 years and has undergone extensive historical exploration, metallurgical studies and mine development planning. Much of the mineralized area was pre-stripped during previous open-pit mining operations in 1966, at which time, 17 million tons were mined with 7 million tons stacked on heap leach pads, producing cement copper until 1975. The property has been drill-tested with almost 700 drill holes (60,000 metres (m)). This high-density drilling covers 30% of the property and defines the current resource estimate, reducing technical risk on the deposit. Mineralization is mostly open to the northeast, providing considerable opportunity to grow the resource.

The Zonia deposit is a highly oxidized, supergene enriched, porphyry deposit, located at surface. Oxidation of the original chalcopyrite mineralization and younger secondary supergene chalcocite has been pervasive and deep, extending down over 250 m in the central part of the deposit. The original pyrite-chalcopyrite sulphide mineralization underwent oxidation and remobilization which resulted in development of chalcocite-rich lenses. This supergene mineralization was subsequently oxidized and partly remobilized due to uplift, erosion, and lowering of the water table, resulting in a large deposit of in-situ and transported copper oxide mineralization. Oxide copper deposits such as Zonia are particularly suitable to low-cost heap leaching extraction methods, and also offer the potential to generate pure copper cathode on site, without the need for costly transportation of concentrate to smelters.

Figure 2: Core from drill hole RRC09-27 grading 11.12% copper over 8.5 feet (2.6 m). Supergene chalcocite, copper pitch oxide rim, chrysocolla, malachite. Source: World Copper Ltd.

The Zonia project would employ open pit mining with a conventional copper acid heap leach system. The mineralized material would be crushed in a three-stage crushing circuit to a nominal P80 size of 25 millimetres (mm). The crushed material would be agglomerated with acid containing solutions using either raffinate or fresh sulphuric acid, and then be delivered to the heap via conveyors then stacked in 10-m lifts with a radial stacker. The heap is designed to contain up to 10 lifts for a maximum height of 100 m, each with an interlift liner.

The SX circuit consists of two extraction stages and one stripping stage using a conventional mixer/settler arrangement. The electrowinning (EW) circuit consists of two parallel banks of 50 poly-cement cells with 1 m2 cathodes. The plated copper cathodes are stripped using a mechanized stripping system after being washed. Copper cathodes are then sampled and bundled for shipment.

Good copper extractions were achieved from the majority of the metallurgical samples at Zonia and range from 59% to 81% in a 91-day locked cycle column leach test (excluding the high sulphide and low grade samples). The copper extraction from the master composite sample, with a nominal P80 size of 25 mm, was 77.8%. The overall copper extraction based on the total copper assay (% TCu) for the deposit is estimated to be between 71% and 75%. For pit optimization, copper recovery has been assigned based on mineral type with copper oxide minerals at 73%, secondary copper sulphides at 70% and primary copper sulphides at 0%.

There is ample opportunity to increase the mine life through successful exploration. There is a compelling target to the northeast of the deposit location. The Zonia Norte target is defined by surface rock sampling and forms a copper-molybdenum anomaly approximately 1,500 m x 2,500 m.

David Gaunt, P.Geo., a Qualified Person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

1 https://www.mckinsey.com/industries/metals-and-mining/our-insights/the-raw-materials-challenge-how-the-metals-and-mining-sector-will-be-at-the-core-of-enabling-the-energy-transition

2 Technical report titled "ZONIA COPPER PROJECT, NI 43-101 Technical Report, Yavapai County, Arizona USA", effective November 30, 2015 and dated October, 2017 ("Amended Technical Report"), prepared by Tetra Tech and posted under Cardero Resource Corp.'s profile at www.sedar.com.

3 Preliminary Economic Assessment NI 43-101 technical report titled "ZONIA COPPER PROJECT, NI 43-101 Technical Report, Yavapai County, Arizona USA", effective March 22, 2018 and dated April 17, 2018, prepared by Global Resource Engineering Ltd. and posted under Cardero Resource Corp.'s profile at www.sedar.com.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

Cautionary Note to US Investors Concerning Estimates of Mineral Resources

This news release includes estimates of the mineral resources on that property and uses the terms "Measured Resources", "Indicated Resources" and "Inferred Resources". The Company advises investors that these terms are recognized and required by Canadian regulations under National Instrument 43-101, Standards of Disclosure for Mineral Properties ("43-101"). The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure required for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934 ("The SEC Modernization Rules"). The SEC Modernization Rules include the adoption of definitions of the terms and categories of resources which are "substantially similar" to the corresponding terms under Canadian Regulations in 43-101. Accordingly, there is no assurance any mineral resources that we may report as Measured Resources, Indicated Resources and Inferred Resources under 43-101 would be the same had the resource estimates been prepared under the standards adopted under the SEC Modernization Rules. Investors are cautioned not to assume that all or any part of the mineral deposits in these categories will ever be converted into reserves. In addition, Inferred Resources have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Economic Assessment as defined under 43-101.

This news release describes the transaction whereby Electric Royalties may obtain a royalty interest on potential future production on a property with mineral resources from the property owner. Electric Royalties does not directly own this property or its mineral resources.

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Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) ("Electric Royalties" or the "Company") is pleased to announce that Sayona Mining Limited (ASX: SYA) has completed a A$190 million institutional placement to fund the restart of spodumene concentrate production at Sayona's North American Lithium ("NAL") operation in Québec, Canada (Sayona 75%; Piedmont Lithium 25%) and broader development initiatives, including A$35 million earmarked for Authier development activities. For further details, see Sayona Mining's press release on May 27, 2022 .

As part of its plans to create a lithium mining hub in the Abitibi region of Québec, Sayona aims to restore operations at NAL and integrate it with its wholly owned Authier Project. The restart of the NAL operation would allow Sayona to launch production ahead of other North American projects.

Brendan Yurik , CEO of Electric Royalties , commented: "We welcome this news by Sayona and the A$35 million plan to advance the Authier Project – our 0.5% gross revenue royalty asset – funded at no cost to Electric Royalties. We are pleased with the announced development of one of the leading lithium resource bases in North America , amid growing demand from the electrification of the world's auto fleet."

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/31/c4301.html

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Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce that Sayona Mining Limited (ASX: SYA) has completed a A$190 million institutional placement to fund the restart of spodumene concentrate production at Sayona's North American Lithium ("NAL") operation in Québec, Canada (Sayona 75%; Piedmont Lithium 25%) and broader development initiatives, including A$35 million earmarked for Authier development activities. For further details, see Sayona Mining's press release on May 27, 2022

Brendan Yurik, CEO of Electric Royalties,commented:"We welcome this news by Sayona and the A$35 million plan to advance the Authier Project - our 0.5% gross revenue royalty asset - funded at no cost to Electric Royalties. We are pleased with the announced development of one of the leading lithium resource bases in North America, amid growing demand from the electrification of the world's auto fleet."

For further information, please contact:

Brendan Yurik Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

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LithiumBank Resources Corp. (" LithiumBank ") ( TSX-V: LBNK ) is pleased to announce the assay results from the Boardwalk Brine Project located in road accessible west-central. Alberta. LithiumBank collected four 20 cubic metre samples (80 m 3 total) of Leduc Formation brine from four selected wells in the south Sturgeon Lake oilfield (Figure 1) between July 26 th and August 13 th 2021. These were collected for due diligence purposes, to increase sample density, and for mineral processing test work with select direct lithium extraction (DLE) technology providers.

The Sturgeon Lake oilfield at Boardwalk has been producing petroleum and natural gas since the early 1950's from the Leduc formation. This legacy has resulted in an established well trained labour force, networks of all-weather gravel roads, permitted drill sites that can be accessed from Provincial highways, and electrical transmission lines that run through and adjacent to the project (see Figure 1).

LithiumBank COO, Kevin Piepgrass stated, "Results from the assay analysis are very encouraging as the average grades, of all the analysis from each of the four wells (Table 1), are above the average grade of the NI 43-101 Resource Estimate of 67.1 mg/L lithium (Table 2). The sampled wells are spread over ~6.3 km which continue to demonstrate excellent grade continuity of the Li-brine over the investigated reservoir portions of the ~50 km long Sturgeon Lake reef complex"

CEO, Rob Shewchuk states , "We are pleased to have received positive assay results from all 4 wells sampled at Boardwalk, where the Leduc formation continues to demonstrate an exceptional setting for world-class lithium brine deposits. We look forward to completing additional work ahead of the release of our PEA that will result in an upgraded NI 43-101 Resource Estimate that could drive even stronger PEA outcomes for LithiumBank."

Samples were analysed at AGAT Laboratories, an ISO 17025:2017 certified lab, in Calgary Alberta. LithiumBank implemented strict Quality Control and Quality Assurance (QA/QC) protocols for the analysis. Initial testing of the four wells included six brine samples from each well. Well number 100/09-26-068-22W5/00 was sampled first and included six lab duplicates, blanks, standard reference material, and check lab analysis.

LithiumBank conducted a second round of QA/QC with a new standard reference material sample made to mimic the Sturgeon Lake brine grades. The second round also included blanks and duplicates and consisted of an additional 13 samples from well 100/09-26-068-22W5/00 and one additional sample from the other three wells. All samples were analysed at AGAT Labs in Calgary, AB.

The attention to the QA/QC process and laboratory analytical procedure now provides a solid foundation for the brine chemistry and a high-level of accuracy and precision of the lithium and other brine mineral concentrations.

The Sturgeon Lake Leduc Formation Li-brine inferred resource is globally estimated at 1,122,000 tonnes of elemental Li at an average lithium concentration of 67.1 mg/L Li in 16.7 km 3 of formation brine volume (Table 2). The global (total) lithium carbonate equivalent (LCE) for the inferred mineral resource is 5,973,000 tonnes LCE at an average grade of 67.1 mg/L Li (as reported in LithiumBank's news release dated May 31 st , 2022).

Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.

Table 2 Sturgeon Lake Leduc Formation Li-brine NI 43-101 inferred resource estimate presented as a global (total) resource.

Note 1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. Note 2: The weights are reported in metric tonnes (1,000 kg or 2,204.6 lbs). Note 3: Tonnage numbers are rounded to the nearest 1,000 unit. Note 4: In a ‘confined' aquifer (as reported herein), porosity is a proxy for specific yield. Note 5: The resource estimation was completed and reported using a cut-off of 50 mg/L Li. Note 6: In order to describe the resource in terms of industry standard, a conversion factor of 5.323 is used to convert elemental Li to Li2CO3, or Lithium Carbonate Equivalent (LCE).

Technical information in this report has been reviewed by Mr. Kevin Piepgrass (Chief Operations Officer, LithiumBank Resources Corp.), who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC) and is a Qualified Person (QP) for the purposes of NI 43 101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.

LithiumBank Resources Corp. is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-carbon-impact, rapid DLE technology can be deployed. LithiumBank currently holds over 3.2 million acres of mineral titles, 2.82M acres in Alberta and 326K acres in Saskatchewan. LithiumBank's mineral titles are strategically positioned over known reservoirs that provide a unique combination of scale, grade and exceptional flow rates that are necessary for a large-scale direct brine lithium production. LithiumBank is advancing and de-risking several projects in parallel to the Boardwalk Lithium Brine Project.

Contact: Robert Shewchuk CEO & Director rob@lithiumbank.ca (778) 987-9767

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 release .

Cautionary Statement Regarding Forward Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the statement that the Preliminary Economic Assessment study is expected to be completed mid-2022 is a forward-looking statement and contains forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Preliminary Economic Assessment study will be completed mid-2022. These 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 the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that Preliminary Economic Assessment study will not be completed mid-2022 as expected by management or at all. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

Figure 1: Map of Sturgeon Lake Lithium Brine Project, West-central Alberta with wells sample results by LithiumBank is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf9aea60-020f-4a66-96d2-f02f4b994c84

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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to announce that President and CEO Steve Hanson and members of ACME's technical team will be meeting and presenting a detailed overview of ACME's US and Canadian lithium projects to industry and investment representatives at Fastmarkets Lithium Supply and Battery Raw Materials 2022 Monday June 27th to Wednesday June 29th in Phoenix, Arizona.

The Fastmarkets Lithium and Battery Raw Materials Conference, a three-day event, is the largest global forum for lithium and battery raw materials, with keynote speakers and attendees from the world's top producers, to end users as well as participants along the entire supply chain. Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets.

Link to Lithium Supply and Battery Raw Materials 2022 event

ACME Lithium recently announced that it had successfully completed hole DH-1 at its Clayton Valley lithium brine project to a total depth of 1400 feet or 427 meters below ground surface. Prospective basin sediments have been encountered and delineated as highly probable for aquifer units based on permeability features, lithology, and color. Sampling is ongoing and will target stratigraphic features expected to contain brine. These samples are being sent to an independent lab and analyzed for lithium, boron, and other minerals typical of lithium enriched brine systems.

Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("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 in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129082

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In addition, the remainder of all pending assays from the 2021-2022 winter drill program have been received; this will allow completion of a technical report at the Graal property.

Coquitlam, BC, June 27, 2022 TheNewswire - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide the latest exploration results at its Graal nickel-copper-cobalt discovery in the Lac St-Jean region of Quebec.

NRC-22-26 intersected 5.80 meters of massive to disseminated sulphides with assay results grading 0.89% Ni Eq, 0.57% Ni, 0.41% Cu, and 0.08% Co from 135.00m to 140.80m.

Select assays within the composite graded up to 1.45% Ni Eq, 1.05% Ni, 0.43% Cu, and 0.11% Co over 1.00m from 139.10m to 140.10m.

An additional intersection further down the hole from 148.80m to 159.30m graded 0.19% Ni Eq, 0.10% Ni, 0.13% Cu, and 0.02% Co.

The drill hole is located approximately 100m from drill hole NRC-22-24 (News Release of April 4, 2022) where the Company intersected 1.20% Ni Eq, 0.72% Ni, 0.86% Cu, and 0.09% Co over 9.30m from 142.80m to 152.10m.

These two drill holes are located approximately 5km southeast from the area where the massive sulphides were first discovered in 2021.

The current drill campaign is still on-going and has been designed to test high-priority anomalies discovered from the most recent geophysical surveys. See Table 1 below for the assay data, Figure 1 for a core photo, and Figure 2 for a map of the drill hole location with respect to the recent TDEM geophysics grid.

"We're happy to finally receive all the pending assays from the previous drill campaign. This will allow us to move forward with the Technical Report for this property. Almost every drill hole has intersected disseminated to massive sulphides with nickel-copper-cobalt mineralization. We will continue exploration at Graal and plan to determine the extent of this nickel-copper-cobalt deposit. This property aligns with our vision of being an important supplier of battery metals for the EV market, and we are excited to see it develop," stated Matt Halliday, P.Geo., President, and COO.

The 6,113-hectare Graal property is one of 14 properties recently acquired in northern Quebec covering 31,201 hectares that are prospective for EV battery metals such as nickel, copper, and cobalt. (See February 16, April 21, July 22, November 15, 2021 and January 31, 2022 news releases). The drill program is currently being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.

Table 1: Key sample and assay details for drill hole NRC-22-26

Please note: Intervals are core length and is presumed to be close to true thickness, with no capping applied, and using quartered core split. Bolded intervals are grade composites. NRC-22-26 was drilled at an azimuth of 115 degrees, dip of -50 degrees, and is located at UTM 386123E, 5520977N.

Note (1): %Ni Eq = %Ni+(%Cu X Cu Price/ Ni Price) + %Co X Co Price/ Ni Price) where Nickel is 33,000USD/t, Copper is 10,000USD/t and Cobalt is 81,500USD/t; source LME March 30, 2022.

Click Image To View Full Size

Figure 1: Core photo of NRC-22-26 with massive sulfides highlighted from 135.00m to 140.80m

Click Image To View Full Size

Figure 2: Location of drill hole NRC-22-26 within the TDEM geophysics grid

The core samples have been split in two with a rock saw. Half was sent to ALS laboratory in Val d'Or and the other half kept as witness core. Blank and standard were inserted in the sequence and are in line with expected values allowing the disclosure of the assay results.

The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. m ember of Québec Order of Engineers and a qualified person in accordance with National Instrument 43- 101 standards.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 10,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at it Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com

"Frank J. Basa"

Frank J. Basa, P. Eng.

Frank J. Basa, P.Eng.

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

This news release may contain forward-looking statements which include, but are not limited to, comments regarding future financings, if any, pursuant to the short form base shelf prospectus referred to above, and comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com .

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Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or the "Company") (www.foremostlithium.com), is pleased to announce a non-brokered private placement for the sale of an aggregate of 1,992,814 flow through common shares of the Company (the "FT Shares") at a price of $0.34 per FT Share for gross proceeds of approximately C$677,556.76, (the "Offering"). The Company has received signed subscription agreements for the above targeted amount.

An amount equal to the gross proceeds from the Offering will be used for exploration expenses on the Company's mineral properties in Manitoba, which will qualify as "Canadian Exploration Expenses", will be either expenses that qualify for the "critical mineral exploration tax credit" or "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada), and will be "flow-through mining expenditures", as defined in the Income Tax Act (Manitoba). These expenseswill be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2022.

The FT Shares will be offered pursuant to available prospectus exemptions under NI 45-106 - Prospectus Exemptions in all the provinces of Canada and will be subject to a hold period in Canada of four months and one day following the closing date.

Closing of the Offering is subject to the satisfaction of certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals and compliance with the Policies of the Canadian Securities Exchange. Finder's fees of 7% cash consideration and 7% finder's warrants ("Finder's Warrants") may be paid to eligible arm's length finders in connection with the financing. Each Finder's Warrant will be exercisable to acquire one common share of the Company at a price of $0.20 per share for a period of 24 months from the date of issue.

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is a resource exploration company driven to become one of the first North American Companies to provide lithium used to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle and battery storage market. Given the importance and global focus on increasing energy decarbonization, especially when it comes to vehicles, the company is hyper-focused in continued exploration and growth on its five lithium properties: Jean Lake, Grass River, Zoro and Jol located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost also holds its Winston Gold/Silver Project in New Mexico, USA

For further information please contact:

John Gravelle President and CEO Foremost Lithium Resource &Technology Ltd. Email: info@foremostlithium.com Phone: +1 (604) 330-8067

Twitter: @foremostlithium Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany Facebook: https://www.facebook.com/ForemostLithium

This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Company's projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases or decreases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals and political and economic developments in areas in which the Company operates. Although the Company 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. 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. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128823

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About Fortune Minerals Limited: Fortune Minerals Limited (TSE:FT) (FRA:FMP) (OTCMKTS:FTMDF) is a North American development stage mining company and past producer. Fortune is currently focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill in the Northwest Territories that will produce a bulk concentrate for shipment to a refinery that the Company plans to construct in southern Canada.

Contact: Nancy Massicotte IR Pro Communications Inc. www.irprocommunications.com t: +1 604-507-3377 e: nancy@irprocommunications.com

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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce assay results for Phase 1 of the diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

Further to Company news releases dated February 9, March 21, and May 17, 2022; ILC is conducting a minimum of 5,000 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres (Table 1 and Figure 1). Eight holes targeted Pegmatite 1 in Zone 1 and two holes targeted Pegmatite 2 in Zone 2. All drill holes in Zone 1 encountered spodumene bearing pegmatites.

Pegmatite 1 Spodumene Zone Intersection Highlights*

Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights*

* True thickness, where reported, is based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, otherwise the reported intervals are drill intercept widths.

All eight holes from the 2021 maiden drilling campaign were cored in Zone 1 and tested the up-dip and eastern extent of Pegmatites 1 and 3. Zone 1 is a stacked set of shallow dipping pegmatite dykes that make up the main target of the Raleigh Lake project. Eight holes from Phase 1 were cored into Zone 1 and and all eight intersected spodumene-bearing pegmatites with holes DDH22-09 and DDH22-10 intersecting 8.5 metres and 13 metres true thicknesses of spodumene-bearing pegmatite respectively; at an approximated vertical depth of less than 100 metres (see Company news release dated March 21, 2022).

Zone 1 pegmatites have been defined by drilling and surface exposures in an area exceeding 600 metres x 400 metres for Pegmatite 1. The Phase 1 drill holes were drilled interstitially to historic drill holes at step outs of 50 metres or more (if possible) to provide quantifiable data that can be used in a maiden resource calculation.

The first holes to be drilled at Zone 2 were targeting the down dip extension of Pegmatite 2, a small surface exposure of spodumene bearing pegmatite approximately 750 metres northwest of Pegmatite 1 with a similar structural orientation. Drilling locations were limited by topography resulting in a large step-out relative to the Pegmatite 2 outcrop. Encouragingly both holes DDH 22-17 and DDH 22-18, separated by a strike length of approximately 125 metres, intersected multiple metre and sub-metre scale pegmatite veins including a one metre scale vein (interpreted to be Pegmatite 2) containing moderate, patchy spodumene.

A summary of the analytical results for Phase 1 is given in Table 2.

As reported on May 17, 2022 The focus for Phase 2 was to test numerous lithogeochemical anomalies and alteration corridors identified in Zones 2, 3, 5 and 6 while continuing to test the extents of Pegmatite 1 and 3 in Zone 1. The Company is experiencing longer than anticipated wait times for the drilling permit to test targets defined in Zones 3, 5, and 6. As a result, drilling has remained within Zone 1 and 2.

At writing, the program has surpassed its targeted 5000 metres of drilling and will likely pause drilling for a few weeks while the permit process runs its course. The Company has re-prioritized drilling in the Zone 1 area where the high grade-spodumene and rubidium core can be traced closer to surface between the large gaps in the historic drilling. This will provide a much clearer picture of the mineralized zones to be used in an upcoming maiden resource estimate scheduled for later in 2022.

Table 1: Summary of drill holes cored during Phase 1 of the 2022 drill program at Raleigh Lake.

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_003full.jpg.

Table 2: Summary of significant mineralized intersections from Phase 1 Drilling at Raleigh Lake.

** All intervals reported in this table are downhole core lengths. Accurate true widths are unknown at this time but are estimated to be within 60-80% of the reported intervals based on the geometry of the bodies and structural measurements on oriented core.

Figure 1: Location of the Phase 1 drill holes at Raleigh.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_004full.jpg.

Figure 2: Approximate surface trace outline of Pegmatite 1 showing pierce points from drilling. Pegmatite 1 appears to have an enriched core trending updip toward the northwest. The Company is waiting on permits and will investigate this enrichment trend as soon as practical.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_005full.jpg.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

"These are very encouraging analysis results from Zone 1 of our Raleigh Lake drilling based on the results from Phase 1 of our drilling. We are now well on the way to being able to release a maiden resource estimate for Zone 1 of Raleigh Lake late in 2022. The grades of lithium analysed so far are at the upper end of our expectations with up to 3.46% discovered. The rubidium also remains very interesting with up to 1.38% discovered.

Our Phase 2 drilling program at Raleigh Lake has now reached the 5,000 metres anticipated, with more good core samples from Zone 1, but with Zone 2 not very interesting and not a priority for further drilling. Owing to lack of permitting we have not yet been able to drill further north in Zone 1 to analyse the extent of the continuation of the Zone 1 pegmatites which we have already drilled extensively, nor have we been able to start drilling in Zone 5 which had the very high readings of rubidium and caesium as well as lithium that we announced on January 17, 2022. We will be starting drilling again as soon as practicable after receiving these permits which we now anticipate receiving at the end of July 2022. The permits have taken longer than usual, but our understanding is that this has been primarily due to staff shortages and turnover.

We will also shortly be starting aerial magnetic work on other parts of our wider Raleigh Lake claims and on our newly optioned Wolf Ridge property in Ontario.

Further announcements will be made at the appropriate time."

Photo 1: Upper rubidium zone as indicated by the monomineralic megacrystic microcline and the lithium rich spodumene core zone of Pegmatite 1 as encountered in RL22-09.

To view an enhanced version of Photo 1, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_006full.jpg.

Photo 2: RL22-10 showing Pegmatite 1 zonation of the spodumene core and a less developed microcline cap.

To view an enhanced version of Photo 2, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_007full.jpg.

Photo 3: RL22-13 showing the intense microcline mineralization of the rubidium zone in Pegmatite 1 with no associated spodumene zone.

To view an enhanced version of Photo 3, please visit: https://orders.newsfilecorp.com/files/3232/128731_0fff1d171455090e_008full.jpg.

Quality assurance/quality control procedures

International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm (Code RX1).

Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements that include detection levels for Li of 15ppm - 50,000ppm and rubidium of 0.4 to 5,000 ppm (Lab code UT7). Sodium peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and refractory minerals which are common to pegmatite.

Over limit analysis method: Samples that return with results above the instruments detectable levels for lithium (50,000 ppm) and Rb (5,000 ppm) are then re-analyzed by Assay Grade, Peroxide (Total) Fusion (Code 8 Peroxide ICP-OES).

The drill program was under the control of a Professional Geoscientist, registered with Engineers & Geoscientists British Columbia. The Company and its contractors carried out the program under full compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and provincial health authorities of Ontario to ensure the safety and health, for all personnel.

International Lithium Corp. believes that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. In addition, we have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that respect.

Our key mission in the next decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits.

A key goal has been to become a well-funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is now well placed in that respect with a strong net cash position.

The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities:

The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.

The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey Chairman and CEO

For further information concerning this news release please contact +1 604-449-6520.

Neither 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 release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Wolf Ridge or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Company's projects, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128731

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