LithiumBank Resources Corp V.LBNK

Boardwalk Drilling Returns 82 mg/L Lithium over 167m

[Betteryear2]

Calgary, Alberta--(Newsfile Corp. - September 23, 2024) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ("LithiumBank'' or the "Company") is pleased to announce lithium assay results from brine samples taken below the hydrocarbon zone during drilling at the Company's 100%-owned Boardwalk lithium Brine Project ("Boardwalk"). Assays from the Company's licensed well, 100/10-06-069-21W5/00 ("10-6") ranged between 79.8 - 84.4 mg/L lithium, averaging 82 mg/L lithium (Table 1) over a 167m vertical interval (2,588 to 2,761m) (Figure 1) in from the Leduc formation ("Fm") in a 48 hour constant rate flow test. The first ever sampling from the Swan Hills formation in the Boardwalk area ranged between 76.3 - 79.9 mg/L lithium, averaging 78 mg/L lithium over an 84m vertical interval (2,761 - 2,829m) (Figure 1) in an isolated swab test. These results will be included in a future updated mineral resource estimate for the Boardwalk Project.

Boardwalk Drilling Returns 82 mg/L Lithium over 167m in Leduc Fm and 78 mg/L over 84m in Swan Hills Fm, Alberta, Canada (newsfilecorp.com)