Clarity Metals Corp. reported preliminary results from an airborne triaxial mag survey carried out over the area of the Lithium381 Property (the ‘Property') located in Quebec adjacent to Allkem Limited's James Bay Lithium Property. The Preliminary results of the mag survey have identified a target coincident with the resistivity anomaly identified from the preliminary Induced Polarization survey The marked improvement in resolution over a previous 2008 survey in the area as well as the regional government provided dataset, show the mag highs corresponding to mapped metavolcanic rocks while the lows correspond to metasedimentary units This contact has proven to be a favourable setting for pegmatite emplacement as evidenced by the location of Allkem's adjacent James Bay Lithium project.

The James Bay Lithium Project hosts an Indicated Resource of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is slated to start construction in First Quarter 2023. This helicopter-borne survey was conducted by Axiom Exploration Group Ltd. (‘Axiom') with a specially designed GEM Systems GSMP 35A Airborne Potassium Vapor high-resolution magnetometers mounted on a non-magnetic stinger in a triaxial array.

The surveyed comprised 160-line km using 75 m line spacing providing a markedly higher-resolution map than the 2008 survey for locating any structural or lithological breaks. Ongoing interpretation and modeling is underway which will strive to put the results to date into a three dimensional context, further refining the drill plan. The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area.

The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited's James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in First Quarter 2023. The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit.

Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030 Plan for a Green Economy' targeting a reduction in carbon emissions as well as its ‘Plan for Development of Critical and Strategic Minerals (2020-2025)' which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec.