Newfoundland Discovery Corp. announce that the Company has entered into an option agreement (the "Agreement") whereby the Company has been granted the option to acquire a 100% interest in the Dickison/McKnight Property (the "Dickison Lithium Property" or the "Property"), located in Ontario, Canada. The acquisition of the Dickison Lithium Property, located in the McKnight Lake Area Township near Terrace Bay, Ontario, presents a unique and timely opportunity to capitalize on the rapidly growing lithium metal and green energy markets. Spanning 6,933 hectares, the property is situated 54 k north of Terrace Bay, with easy access to highways and logging roads. The area's geology is characterized by muscovite-bearing granite, which hosts numerous lithium deposits and pegmatites, as well as a network of faults that provide pathways for granitic melts and evolving pegmatites. The Dickison Lithium Property adds to Newfoundland Discovery's already strategically located Sugaree Project in the Hearst Lithium District, adjacent to Brunswick Exploration. The Sugaree Project covers 2,736 hectares, and with the addition of the Dickison Lithium Property, the company now commands a significant position of nearly 10,000 hectares in the favourable district. Strategically positioned adjacent and on-trend with the Sugaree Project, the Dickison Lithium Property benefits from its proximity to the well- known Georgia Lake Pegmatite field, 25 km to the west. The Georgia Lake pegmatite field is recognized as the largest concentration of rare element mineralization in the
Superior Province, making the Dickison Lithium Property an attractive prospect for further exploration. The rising global demand for lithium, driven by the green energy revolution and the exponential growth of electric vehicles, makes the acquisition of the Dickson Lithium Property an attractive investment. The property's proximity to Brunswick Exploration's, the Sugaree Project and other lithium deposits in the region, such as the Seymour Lake Lithium Project, Georgia Lake pegmatite field, and Separation Rapids Lithium deposit, showcases the region's rich lithium potential. This acquisition promises to position the Company at the forefront of the burgeoning lithium market, offering significant growth opportunities.