Eureka Lithium


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Eureka Commencing 2024 Exploration Program in Nunavik

Eureka Commencing 2024 Exploration Program in Nunavik

Vancouver, British Columbia – June 26, 2024 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium“, “Eureka” or the “Company“), will be commencing its 2024 exploration targeting lithium-bearing pegmatite deposits in the region of Nunavik.

Eureka Lithium is pleased to announce it is beginning an extensive follow-up field program on its Nunavik properties for the 2024 season. In just several weeks the crew will mobilize, beginning their targeted program in the New Leaf area.

Eureka Continues Partnership with GroundTruth Exploration

Eureka has partnered again with GroundTruth Exploration (“GroundTruth“) in 2024, which has extensive experience carrying out successful exploration programs in remote areas of the world. A highly trained team has been assembled who were all involved in the Nunavik program in 2023. The consistency of returning team members is a huge asset for this program and allows them to continue building on the regional prospecting program results in 2023.

DJ Bowen, Eureka President and interim-CEO commented: “Eureka is excited to be partnered again with GroundTruth for the 2024 Nunavik programs and looks forward to what the team will accomplish this season.”

Targeted 2024 Program Aimed at Results

The GroundTruth team will be conducting detailed prospecting across zones of interest based on 2023 results. A targeted till sampling program across priority zones of interest will enhance the geochemical dataset on all of Eureka’s Nunavik properties. The samples collected during this program are being initially scanned and sorted in the field by using a handheld XRF analyzer and selected samples will be sent to laboratories for analysis. A rigorous quality assurance and quality control program is in place and has been enhanced from last year.

A UAV magnetic geophysical survey will also be conducted with a drone, via Overhead Intelligence operating in partnership with GroundTruth. This team will be utilizing the benefits of the new and exciting drone technology to achieve results with lower cost, and less wildlife disturbance than traditional magnetic surveys by aircraft.

The overall program strategy is aimed at honing in on the most prospective areas for a targeted drilling program using a lightweight and mobile Rotary Air Blast GT RAB Drill for initial drill testing.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 1,408 square km in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. The recent acquisition of the La Motte lithium project near Val D’Or, Quebec broadens Eureka Lithium’s holdings into the heart of Canada’s major lithium production district.

For more information please contact:

David Bowen
Chief Executive Officer
Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the field program on its Nunavik properties, and the partnership with GroundTruth are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the the field program on its Nunavik properties will be completed as contemplated, and, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Announces Completion of 10:1 Consolidation of Common Shares

Eureka Lithium Announces Completion of 10:1 Consolidation of Common Shares

Vancouver, British Columbia – June 19, 2024 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) is pleased to announce, further to its news release of June 14, 2024, that the Company’s common shares (“Common Shares“) commenced trading on a consolidated basis, with one (1) post-consolidated Common Share outstanding for every ten (10) pre-consolidated Common Shares (the “Consolidation“), effective at the opening of trading today, June 19, 2024 (the “Record Date“).

As a result of the Consolidation a total of 5,175,462 Common Shares are issued and outstanding, subject to adjustments for rounding, on the basis of each fractional share of less than 0.5 being cancelled and each fractional common share of 0.5 or greater being rounded to one whole Common Share. Neither the name nor the trading symbol of the Company have changed. A new CUSIP number has been issued for the post-consolidation Common Shares, being 298596206.

The exercise or conversion price, as applicable, and the number of Common Shares issuable under any of the Company’s outstanding convertible instruments, have been proportionately adjusted as a result of the Consolidation.

Shareholders of record as of the Record Date who hold Common Shares represented by a physical certificate or DRS statement will receive a letter of transmittal from the Company’s transfer agent, Odyssey Trust Company, with instructions on how to exchange existing certificates or DRS statements for certificates or DRS statements representing Common Shares on a post-Consolidation basis.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

DJ Bowen
Chief Executive Officer
Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Announces 10:1 Consolidation of Common Shares

Eureka Lithium Announces 10:1 Consolidation of Common Shares

Vancouver, British Columbia – June 14, 2024 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company“) announces that it intends to proceed with a share consolidation (the “Consolidation“) of its issued and outstanding common shares (“Common Shares“) on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares. Following the Consolidation, the Company will have outstanding approximately [5,175,459] post-consolidation Common Shares. The Company has approved a record date of June 19, 2024 (“Record Date“). The Company’s consolidated shares are expected to commence trading on the Canadian Securities Exchange (“CSE“) a few days after the Record Date, and the Company anticipates that the CSE will issue a bulletin to dealers advising of the Consolidation and effective date of trading on the consolidated basis.

After the Consolidation, the shares will have a new CUSIP number and a new ISIN number. No fractional shares will be issued as a result of the Consolidation. Any fractional shares resulting from the Consolidation will be rounded up to the next whole Common Share, and no cash consideration will be paid in respect of fractional shares.

Pursuant to the articles of the Company, the Board of Directors of the Company has approved the Consolidation. The Company believes the Consolidation will provide it with a share structure more suitable to attracting capital financing and providing for future growth opportunities.

The Consolidation remains subject to receipt of approval from the Canadian Securities Exchange. The Company name and trading symbol will not be changed in conjunction with the Consolidation.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

DJ Bowen
Chief Executive Officer
Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion and anticipated benefits of the Consolidation, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Consolidation will be completed, nor have the intended effects, as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Announces CEO and Director Resignation and Appointment of Interim CEO

Eureka Lithium Announces CEO and Director Resignation and Appointment of Interim CEO

Vancouver, British Columbia – (April 30, 2024) – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company“) announces the appointment of Mr. DJ Bowen, a Director of the Company, to the role of Interim Chief Executive Officer. Mr. Bowen is a self-employed corporate finance consultant. From February 2018 to October 2019, he served as a research analyst with Capstone Asset Management and from July 2020 to November 2021, he served as a director for Traction Uranium Corp. He has also been a director with Reflex Advanced Materials since June 2021 (and its CEO from February 2022 to October 2022). With over 20 years of investment experience, Mr. Bowen has held roles as an Investment Advisor, Portfolio Manager, Quant Trader and programmer of related financial applications.

The Company also announces the resignation of Mr.Jeffrey Wilson as Chief Executive Officer, Corporate Secretary and as a Director of the Company. The Board wishes to thank Mr. Wilson for his services and wishes him all the best in his future endeavours.

Corporate Video 

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Continues Due Diligence on the Lac La Motte Lithium Project, Val d’Or, PQ

Eureka Lithium Continues Due Diligence on the Lac La Motte Lithium Project, Val d’Or, PQ

Vancouver, British Columbia, January 10th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”), continues its review and assessment of the Lac La Motte lithium project (see Press Release December 8th, 2023) as part of it’s 30 day Due Diligence period under the letter of intent, to be followed by the negotiation and drafting of the Definitive Agreement with the optionor, Medaro Mining Corp., (“Medaro” or “the Optionor”).

The Lac La Motte property is located in La Corne township, in the prolific mining area of the Abitibi- Témiscamingue region, Quebec province, 40 kilometres (“km”) northwest of the city of Val d’Or. Spodumene lithium occurrences hosted in the intrusive rocks of the La Corne Batholithe have been explored since the 1950s, with the “La Corne Region” renowned as one of the world’s most prospective and active area for hard rock lithium deposits.

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Fig 1

The Property is situated almost mid-way between the North American Lithium (NAL) mine and the Authier project. The NAL operation started in March 2023, and is Quebec’s only producing lithium mine, and Canada’s most recent producer owned by Sayona Quebec, a joint venture between Australia’s Sayona Mining Ltd. & North Carolina’s Piedmont Lithium Inc. Sayona Mining also owns the Authier project in Lac Motte Township, which is at the permit stage for open pit production, with processing at the NAL site. With two operating lithium mines in the near term, and numerous advanced and early-stage projects the La Motte-La Corne area represents an emerging “lithium hub”. The Company’s Lac La Motte project is located 9 kms east of the Authier Project, and 15 kms west of the NAL Mine.   

Jeff Wilson, CEO of Eureka Lithium, stated: “We are excited about the opportunity the Lac La Motte project presents to Eureka and it’s shareholders. Should our due diligence lead us to proceed to a Definitive Agreement, the favourable terms under which Eureka can earn a 100% interest in the project allows Eureka to put money in the ground in exploration and drilling expenditures on a prospective project with year-round access. Furthermore, the high-quality work and advancement of targets by prior operators provides Eureka with a drill-ready and drill-permitted asset with multiple compelling target areas to test in the coming months.”.

Two areas key areas of interest have been identified on the Lac La Motte Property, designated as the West Target and East Target, respectively.

East Target

The East Target is located near the southeast corner of Lac La Motte, approximately 300 metres (“m”) inland from the lake shore. Sampling, prospecting and mapping by the Optionor in 2022 identified multiple spodumene occurrences, which was investigated with surface sampling and a 9 hole diamond drill program (MD22-01 to 09). The work was mainly focussed along a roughly 500 m long pegmatite trend partially exposed at surface with widths in the range of 0.5 to 2 metres.

Work Results Highlights:

  • The surface samples result from the main La Motte showing indicate lithium oxide (Li2O) values in the range of less than 0.02% Li2O to 2.58% Li2O
  • Drill Hole MD22-02 Intersected a 0.7 m wide pegmatite with 0.89% lithium oxide (Li2O) at 72.7 m drilled depth.
  • Drill Hole MD22-05 Intersected three pegmatites: top 0.79 m wide with 1.34% Li2O at 13.18 m depth; middle 0.7 m wide with 0.5% Li2O at 20 m depth; lower 0.81 m wide at 0.78% Li2O at 22.92 m depth.
  • Drill Hole MD22-06 Intersected three pegmatites: top 0.11 m wide with 1.10% Li2O at 31.95 m depth; middle 0.87 m wide with 1.01% Li2O at 34.53 m depth; lower 0.80 m wide at 0.55% Li2O at 37.58 m depth.
  • Drill Hole MD22-07 Intersected 1.76 m wide pegmatite with average 4,375 ppm Li / 0.94% Li2O.
  • Drill Hole MD22-08 Intersected two pegmatites: Upper 1.33 m wide with 1.49% Li2O at 36 m depth; and lower 0.93 m wide at 88% Li2O at 41.2 m depth.

East Target 2022 Drill Hole Map

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Fig 2

West Target

  • The West Target comprises an historical lithium spodumene prospect “La Motte VII-47” discovered in the 1950s, with the “La Motte” showing located approximately 280 metres to the northeast, discovered in 2010. Spodumene mineralization is hosted in a pegmatite dike cutting metasedimentary rocks of the Caste Formation (Kewagama Group) which are in contact to the west with basalts of the La Motte-Vassan Formation (Malartic Group). In 2022, the Optionor completed five (5) diamond drill holes (MD22-10 to 15) over the La Motte showing, over a NNW-SSE strike of approximately 240 metres. The drill holes intersected multiple low-grade pegmatites.
  • In 2022, the Optionor also contracted CC Explorations LLC for Satellite Imaging Technology (SIT) to define lithium exploration targets in the West Target area. The SIT survey was able to detect and plot potential lithium concentrations, possibly veins but appearing to run along contact zones as well as indications of outcrops in the bedrock surrounding these areas at depth and near surface.

West Target 2022 Drill Hole Maps

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Fig 3

SIT Lithium Targets at the West Area

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Fig 4

The optionor has reported (see press release February 15, 2023) that all intersections reported are based on drilled widths and have not been converted to the true width. The drill core from the 2022 program was logged and sampled at facility located about 50 kilometres from the property in the village of Saint-Dominique-du-Rosaire. The samples were bagged and tagged, using best practices, and were delivered to Activation Laboratories in Ancaster, Ont., for sample preparation and analyses, using laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2). Activation Laboratories is an independent, commercial, ISO-certified laboratory.

The Optionor reports that the pegmatites encountered within the significant drill intercepts correlate strongly with the historical diamond drilling completed on the property in the 1950s. Results from the Optionor’s 2022 field prospecting and sampling program was the basis for deciding on the targets for the 2022 drill program. The 2022 results are being compiled and assessed by Eureka and this information will be used to plan a follow-up drill program at the property in 1st quarter 2024, subject to Eureka’s completion of its due diligence process and election to proceed with the Option.

The Optionor has acquired 15 additional claims in the Lac La Motte area which can also be included in the final Property Purchase agreement.

About Satellite Imaging Technology (SIT)

The Optionor contracted CC Explorations LLC of the USA to complete a first phase Satellite Assessment over a part of the CYR Lithium Property. CC Exploration provided the following rationale for usefulness of their technology to define lithium exploration targets at depth:

  1. Satellite technology has been around for almost 80 years and there are continuous new developments on applications. The study of molecular structures ( atoms, protons, neutrons ) has been going on for centuries and each element of the periodic table has its own structure. Every element on the periodic table and any other material product , organic or inorganic , has its own measurable frequency. This includes all metals, oil and gas, water.
  2. One satellite-based technology has been deployed now for over a decade and that is NMR technology, or nuclear magnetic resonance in which the satellite can capture neutron measurements. These can then be extrapolated into readings of different elements and subsurface bodies. This is a fast reconnaissance instrument and can be used as a prospecting instrument to guide any future follow up.
  3. In practical operations CC Exploration first do the satellite imaging which confirms the presence of the target element. This information then provides GPS locations to place the ground sensors.
  4. Frequency density data is then collected for 30 days onto SD cards. At the end of 30 days the cards are shipped to the research facility for processing and 3-D modelling. Typical coverage area for

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 1,408 square km in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. The recent acquisition of the La Motte lithium project near Val D’Or, Quebec broadens Eureka Lithium’s holdings into the heart of Canada’s major lithium production district.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Table 1: East Target Drill Holes Results 2022

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Table 1

Table 2: West Target Drill Holes Results 2022

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Jan 10, 2024 Table 2

Eureka Lithium Corp Announces Private Placement

Eureka Lithium Corp Announces Private Placement

Vancouver, British Columbia, December 28th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTC: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Private Placement”) of up to 2,000,000 units of the Company (“Units”) at a price of $0.50 per Unit for aggregate gross proceeds of up to $1,000,000.

Each Unit shall consist of one (1) common share in the capital of the Company (“Share”) and one-half (1/2) of one (1) Share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase a Share at an exercise price of $0.65 for a period of 24 months from the date of issuance.

Closing of the Private Placement is anticipated to occur on or about the week of January 31, 2024. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the Private Placement are intended to be used to advance the Company’s Quebec mineral exploration assets for general corporate purposes. Finders’ fees may be paid to eligible arm’s length persons with respect to certain subscriptions accepted by the Company.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units issuable under the Private Placement will be offered for sale to purchasers resident in Canada and other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the “LIFE Exemption”). Because the Private Placement is to be completed pursuant to the LIFE Exemption, the securities issued in connection with the Private Placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

There is an offering document dated December 27, 2023, related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.eurekalithiumcorp.com. Prospective investors should read this offering document before making an investment decision.

The securities described herein have not been and will not be registered under the United States  Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Company also announces a renewal agreement with MIC Market Information & Content Publishing GmbH (“MIC”) (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; email: [email protected]; phone: +49 2171-7766628) for marketing services which will continue to February 28th, 2024 or until budget exhaustion. MIC will utilize their online programs with the aim of increasing investor awareness and interest in the company through various online platforms and methods of engagement in consideration of EUR 200,000. The marketing activity will occur by email, Facebook, and Google.  MIC will not receive any shares from the Company as compensation.

MIC does not have any prior relationship with the Company, other than previous marketing engagements and is an arm’s length transaction. 

The Company also announces that it has renewed its arm’s length marketing agreement effective January 1st, 2024 (the “Marketing Agreement”) with Sideways Frequency LLC (“SFLLC”). As consideration for SFLLC’s marketing and investor awareness services (the “Services”), the Company has agreed to pay SFLLC a fee of $100,000 (USD) for a term of one month (the “Term”). The Company may elect to renew the agreement at any point during the Term.

The Services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns.

Consideration offered to SFLLC does not include any securities of the Company. Aside from previous engagements, the Company does not have any relationship with SFLLC and Mr. Wesley De Souza, CEO of SFLLC.

About Sideways Frequency LLC

Sideways Frequency LLC is in the business of preparing, from publicly available information, advertisements consisting of profiles overviewing publicly traded companies, running marketing campaigns including PPC marketing, email marketing, native advertising, and display ads, and maintaining or updating clients’ websites as the client sees fit. Sideways Frequency LLC’s business address is 1389 Center Drive, Suite 200, Park City, Utah, 84098. Sideways Frequency LLC can be contacted by email at [email protected].

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the use of proceeds from the Private Placement, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Corp Signs Letter of Intent to Option Drill-Ready and Permitted Lithium Properties near Val D’Or, Quebec

Eureka Lithium Corp Signs Letter of Intent to Option Drill-Ready and Permitted Lithium Properties near Val D’Or, Quebec

Vancouver, British Columbia, December 8th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTC: SCMCF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) is please to announce that it has entered into a letter of intent (“Letter of Intent”) with respect to an option (“Option”) to acquire from Medaro Mining Corp. (“Optionor”) a 100% undivided interest in and to the mineral claims comprising the Optionor’s Lac La Motte ‎Project in the mining area of Abitibi, Quebec (“Property”), subject to a 1% net smelter returns royalty in favor of the Underlying Owner (as defined below) (“NSR”).

Eureka Lithium CSE - ERKA OTCQB - UREKF FSE - S580 News Release Dec 8, 2023

Figure 1: Lac La Motte Drill Hole Location Map

Eureka’s President & CEO, Jeffrey Wilson stated, “We are pleased to enter into this letter of intent. We remain committed to our highly prospective assets in the Nunavik region of Quebec, however this new acquisition balances out the Company’s project portfolio with a lithium project that can be drilled during the winter months, has good access and infrastructure and is road accessible, is drill ready and drill permitted, and is situated in a mining-friendly and active lithium district. Prior work at Lac La Motte includes significant pegmatite showings and reported spodumene, as well as encouraging prior drill intercepts including Drill Hole MD22-08 which Intersected two pegmatites: Upper 1.33 m wide with 1.49% Li2O at 36 m depth; and lower 0.93 m wide at 0.88% Li2O at 41.2 m depth. Upon satisfaction of the due diligence period and completion of the definitive agreement, Eureka’s will be positioned with data, field crews, and access to a drill to immediately commence work.”

Under the Letter of Intent, Eureka will have an exclusive dealing period of 30 days during which it may conduct due diligence with a view to negotiating and entering into a definitive agreement (“Definitive Agreement”) with the Optionor pursuant to which it would acquire the Option to acquire a 100% undivided interest in and to the Property, subject to the NSR, by satisfying each of the ‎following conditions:‎

  • Issuing to the Optionor 200,000 common shares of Eureka (“Common Shares”) on the effective ‎date of the Definitive Agreement (“Effective Date“); ‎
  • Incurring exploration expenses in respect of the Property totalling $500,000 by the ‎date that is 12 months from the Effective Date; ‎
  • Paying, on behalf of the Optionor, $45,000 in cash to the underlying owner (“Underlying Owner”) of the Property ‎by May ‎‎6, 2024;‎
  • Issuing to the Optionor 300,000 Common Shares by the ‎date that is 12 months from the Effective Date; ‎
  • Incurring additional exploration expenses in respect of the Property totalling $500,000 by the date that is 24 months from the Effective Date; ‎
  • Paying, on behalf of the Optionor, $50,000 in cash to the Underlying Owner by May ‎‎6, 2025;‎ and
  • Issuing to the Optionor 1,000,000 Common Shares by the ‎‎date that is 24 months from the Effective Date.

The issuance of any Common Shares will be made ‎‎pursuant to applicable ‎‎exemptions from the registration and ‎prospectus requirements under ‎‎Canadian securities and corporate laws, and such Common Shares will be subject to a hold period of four (4) months and one (1) day from the date of issuance.

The Letter of Intent is non-binding, except for provisions relating to the exclusive period of dealing and the right of Eureka to conduct a due diligence review, as well as certain other customary provisions.

About Lac La Motte

The Lac La Motte Property is located in the prolific mining area of Abitibi, Quebec, 40 kilometers Northwest of the city of Val-d’Or. There are several active lithium prospects/mines at various stages of exploration and development located approximately 5 km to 20 km from the Property.

Recent Highlights from 2022 Drill Program:

  • Drill Hole MD22-02 Intersected a 0.7 m wide pegmatite with 0.89% lithium oxide (Li2O) at 72.7 m drilled depth.
  • Drill Hole MD22-05 Intersected three pegmatites: top 0.79 m wide with 1.34% Li2O at 13.18 m depth; middle 0.7 m wide with 0.5% Li2O at 20 m depth; lower 0.81 m wide at 0.78% Li2O at 22.92 m depth.
  • Drill Hole MD22-06 Intersected three pegmatites: top 0.11 m wide with 1.10% Li2O at 31.95 m depth; middle 0.87 m wide with 1.01% Li2O at 34.53 m depth; lower 0.80 m wide at 0.55% Li2O at 37.58 m depth.
  • Drill Hole MD22-07 Intersected 1.76 m wide pegmatite with average 4,375 ppm Li / 0.94% Li2O.
  • Drill Hole MD22-08 Intersected two pegmatites: Upper 1.33 m wide with 1.49% Li2O at 36 m depth; and lower 0.93 m wide at 0.88% Li2O at 41.2 m depth.
  • Drill Hole MD22-17 Intersected03 m wide pegmatite with 1,080 ppm Li at 46.9 m depth.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the Option, including whether the parties will enter into the Definitive Agreement, and if so, on what terms, the payments and expenditures required to exercise the Option and the timing thereof, and statements contained within the Corporate Video and Corporate Presentation. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Definitive Agreement will be entered into or that the Option will be acquired or exercised as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Corp Announces Closing of $1.8 Million Flow-Through Private Placement

Eureka Lithium Corp Announces Closing of $1.8 Million Flow-Through Private Placement

Vancouver, British Columbia, November 30th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTC: SCMCF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) is pleased to announce, further to its news release of November 24, 2023, it has closed a non-brokered private placement financing, issuing 3,335,000 flow-through units of the Company (“Flow-Through Units”) for gross proceeds of $1,800,900 (the “Private Placement”).

Each Flow-Through Unit consists of one (1) common share in the capital of the Company (“Share”) that qualifies as a “flow-through share” as defined in the Income Tax Act (Canada) and one-half (1/2) of one (1) Share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase a Share at an exercise price of $0.75 until November 29, 2025.

In connection with closing of the Private Placement, the Company paid cash finder’s fees in the aggregate of $77,679.00 and issued a total of 143,850 finder’s warrants (each, a “Finder’s Warrant”). Each Finder’s Warrant is exercisable into a Share at an exercise price of $0.75 until November 29, 2025. The net proceeds from the Private Placement are intended to be used to advance the Company’s Raglan West, Raglan South and New Leaf Camps. The Flow-Through Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.

The securities described herein have not been and will not be registered under the United States  Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the use of proceeds from the Private Placement, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Renews Marketing Programs

Eureka Renews Marketing Programs

Vancouver, British Columbia, November 29th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company ) announces that it has renewed its arm’s length marketing agreement effective December 1st, 2023 (the “Marketing Agreement”) with Sideways Frequency LLC (“SFLLC”). As consideration for SFLLC’s marketing and investor awareness services (the “Services”), the Company has agreed to pay SFLLC a fee of $150,000 (USD) for a term of two months (the “Term”). The Company may elect to renew the agreement at any point during the Term.

The Services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns.

Consideration offered to SFLLC does not include any securities of the Company. Aside from previous engagements, the Company does not have any relationship with SFLLC and Mr. Wesley De Souza, CEO of SFLLC.

About Sideways Frequency LLC

Sideways Frequency LLC is in the business of preparing, from publicly available information, advertisements consisting of profiles overviewing publicly traded companies, running marketing campaigns including PPC marketing, email marketing, native advertising, and display ads, and maintaining or updating clients’ websites as the client sees fit. Sideways Frequency LLC’s business address is 1389 Center Drive, Suite 200, Park City, Utah, 84098. Sideways Frequency LLC can be contacted by email at [email protected].

The Company also announces that it has increased the marketing services budget by 250,000 Euro with MIC Market Information & Content Publishing GmbH (“MIC”) (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; email: [email protected]; phone: +49 2171-7766628). The campaign has commenced and will last until budget exhaustion, which is expected to occur by January 15th, 2024.

MIC will assist with the creation of text materials, advertorials, creation of campaigns, creation of ad groups, text ads and display ads, detailed keyword research and ongoing optimization, creation of remarketing campaigns, optimization of keyword set, ongoing bid management of ad word and keyword campaigns, coordinating online advertiser and corresponding marketing targets. MIC does not have any prior relationship with the Company, other than previous marketing engagements and is an arm’s length transaction.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Eureka Lithium Corp Announces Flow Through Private Placement for up to $1.8 Million

Eureka Lithium Corp Announces Flow Through Private Placement for up to $1.8 Million

Vancouver, British Columbia, November 24, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Private Placement”) of up to approximately 3,333,333 flow-through units of the Company (“Flow-Through Units”) at a price of $0.54 per Flow-Through Unit for aggregate gross proceeds of up to approximately $1,800,000.

Each Flow-Through Unit shall consist of one (1) common share in the capital of the Company (“Share”) and one-half (1/2) of one (1) Share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase a Share at an exercise price of $0.75 for a period of 24 months from the date of issuance.

Closing of the Private Placement is anticipated to occur on or about November 29, 2023. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the Private Placement are intended to be used to advance the Company’s Raglan West, Raglan South and New Leaf Camps. Finders’ fees may be paid to eligible arm’s length persons with respect to certain subscriptions accepted by the Company, in accordance with the policies of the Canadian Securities Exchange (the “CSE”). The Flow-Through Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Corporate Video

To view a new Eureka Lithium corporate video, visit www.EurekaLithiumCorp.com (https://eurekalithiumcorp.com) or the following URL:

https://www.youtube.com/watch?v=9Vvm0zfNFp4

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s Corporate Presentation:

https://eurekalithiumcorp.com/EurekaLithium_Q3_2023.pdf

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

For more information please contact:

Jeffrey Wilson

Chief Executive Officer

Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated closing of the Private Placement or whether it will close at all, statements contained within the Corporate Video and Corporate Presentation, and the use of proceeds from the Private Placement, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Private Placement will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.