Foremost to begin drilling on Jean Lake lithium gold property

• Foremost Lithium received a multi-year work permit for its Jean Lake Project from Manitoba’s Mining Permit Office
• The company can use this permit to streamline the administrative processes involved with future exploration on the property and to understand the potential long-term impacts while minimizing any potential work disruptions
• Foremost has finalized plans to begin a 15-hole, 2,500-metre diamond drill program commencing next month
• Foremost Lithium Resource & Technology Ltd. last traded at C$3.90 per share

Foremost Lithium (CSE:FAT) received a multi-year work permit for its Jean Lake Project from Manitoba’s Mining Permit Office.

The Vancouver-based mineral exploration company can use this permit to streamline the administrative processes involved with future exploration on the property and to understand the potential long-term impacts of the property while minimizing any potential work disruptions in a safer, more cost-effective approach.

Foremost has finalized plans to begin a 15-hole, 2,500-metre diamond drill program commencing next month. The company has signed a drill contract with Rodren Drilling Ltd. based out of Winnipeg. Gogal Air Services will provide the air support, core storage and preparation facilities in Snow Lake with drill pads to be cut by Moss Line Cutting Ltd.

The program will be targeting the northeast section of the property which is host to the B-1 and B-2 spodumene bearing pegmatite dyke. Previous drilling just north of the area intersected a 3.35-metre zone of spodumene mineralization assaying 1.26 per cent Li2O (Lithium), as well as 7.50 g/t Au (Gold) over 7.66 metres from 94.35-102.01 metres (including 102.0 g/t Au over 0.48 of a metre from 94.77-95.25 metres).

“Crews have begun mobilizing to Snow Lake, Manitoba, in preparation for the winter drill season,” Foremost Lithium’s CEO and president, Jason Barnard, said in a media release. “The multi-year permit allows our company the flexibility to optimize our future work on the property, which is critical as we seek to rapidly advance our resource development. This is paramount to unlocking the potential of the Jean Lake property and creating sustainable, long-term shareholder value.”

The permit is valid until April 30, 2026.

Foremost owns a 100-per-cent-interest in the property, located near Snow Lake, Manitoba, at the east end of the prolific Paleoproterozoic Flin Flon-Snow Lake greenstone belt. The Jean Lake property was first prospected in 1931.

Foremost Lithium Resource & Technology Ltd. is a green energy technology company striving to be one of the first North American companies committed to ethically produce high quality battery-grade lithium hydroxide domestically to fuel the ever-growing international electric vehicle battery market.

Foremost Lithium Resource & Technology Ltd. last traded at C$3.90 per share. Though the mining stock is down 23.5 per cent over the past 30 days, it has moved up 15.8 per cent in the past week.

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