CBLT Inc. announced excerpts from the assay results from samples taken at Shatford Lake in May, 2023. A total of ten grab samples were collected during the most recent site visit from pegmatite outcrops along the southern shore of Shatford Lake. Rubidium is enriched in most of the recent samples, which could indicate a high degree of fractionation in the pegmatites and be used as a vector towards lithium or other rare element mineralization.

A continuation of east-west striking pegmatites was observed south of Shatford Lake as determined by prospecting, mapping and sampling. Continuation of the larger evolved pegmatite (detailed in CBLT's February 13, 2023 press release) occurs up to 500 meters west of the shoreline occurrence in at least two 1 to 5 meter wide vein sets (map below). These vein extensions are megacrystic microcline quartz pegmatites and are petrographically similar to evolved haloes in the high grade LCT pegmatites seen at the Tanco mine and other LCT deposits in the region.

These vein extensions also contain local spectacular mica series mineralization from black biotite to phlogopite, chrome mica to spectacular muscovite series. Pegmatite occurrences thus far sampled in CBLT's claims contain anomalous tin, tantalum, and rubidium with local anomalous lithium. CBLT is highly encouraged by these multi-element anomalies.

Shatford Lake and the general pegmatite area are located in the Bird River Pegmatite Field in Manitoba, three kilometers south-southwest of the Tanco Mine. CBLT recognizes the significance and importance of Sagkeeng First Nation's Traditional Land Rights in the area, and openly welcomes continued engagement with the Sagkeeng Chief and Council. CBLT has collaborated with the Province of Manitoba's Agriculture and Resource Development and the University of Manitoba to coordinate other geoscientific assistance, with assistance procured from a Ph.D. level program graduate.