Discovery Alaska Limited provided the laboratory analysis results for the 2022 historic priority drillcore re-sampling program from the Coal Creek Lithium Prospect ("Coal Creek"), part of the Company's 100% owned Chulitna Project in Alaska, USA. The Company conducted a detailed work program of selected priority historic drillcore from Coal Creek, comprising core logging, core cutting, core photography, core sampling and laboratory analysis works to determine the lithium potential of the prospect. The distribution of laboratory analysis results indicates significant broad intercepts of lithium-rich areas concentrated within the deeper aplitic granite porphyry and separate higher-grade lithium zones potentially localized along structurally controlled zones of east-west striking, near-vertical sheeted greisen veining.

The Company will continue to expedite lithium exploration and test works ­ including the remaining prospective drill core at Coal Creek. With positive lithium analysis results obtained at the bottom of several drill holes, indicating the potential for further lithium bearing zones remaining open at depth into the aplite porphyry. The Company will consider the potential to expand the sampling program using the current historic drillholes and associated works conducted (ie.

core logging), and sampling the deeper sections of core where the aplite porphyry was observed. Furthermore, the Company has identified additional nearby granitic intrusions prospective for lithium, with the possibility to explore whether these intrusions are connected beneath the surface material. The priority drill holes selected for laboratory analysis works ­ DDH-15, DDH-21, DDH-24, DDH-25, DDH-33, DDH-36, and DDH06-43, DDH06-44, DDH06-45 and DDH06-46 ­ historically targeted intrusion-hosted, sheeted greisen veins containing tin-silver-zinc mineralization, and were selected for re-sampling due to: their distribution within the primary area of the tin-silver-zinc resource; and documentation of the presence of high-iron bearing white mica, or zinnwaldite ­ a common lithium-bearing mica, occurring within greisen alteration and veining.

The Company notes that lithium has never been assayed at the Coal Creek prospect, where multiple drill programs have been conducted over the past 40 years, and the majority of drill core from these campaigns ­ possibly over 5000m of core, is stored at the Alaska Geologic Materials Center warehouse, and available for the Company to utilise. The core provides a high quality data-set at a fraction of the original exploration cost and time required to conduct such drilling. The Company previously announced the Coal Creek prospect contains historical works, including a 2015 NI 43-101 Report (prepared for Strongbow Exploration Inc.) comprising a "Technical Report on the Coal Creek Tin-Silver Exploration Target".

This report included selected historical drilling and associated assay data, and a conceptual exploration target estimate. The lithium bearing units are also prospective for critical minerals ­ tantalum, niobium, and other specialty metals. The Company engaged its specialist Alaskan professional geological consulting services group to conduct and manage the Coal Creek lithium works program.

The Company's 100% owned Chulitna Project area comprises 199.4km2, is located on State of Alaska public lands, and is not subject to any Native Title claims, native lands, or native claimant groups. The project lies approximately 250km north of Anchorage and close to the major Parks Highway, which runs mostly parallel to the State-owned Alaska railroad. The project hosts numerous prospect areas identified from historical works, which are prospective for lithium, gold, silver, copper, tin and base metals.

The two main prospect areas currently identified within the project area are Coal Creek and Partin Creek.