TG Metals Limited announced the results of sampling for Lithium (Li) Index elements at the Bremer Range prospect at the Lake Johnston Project. Soil samples were analysed by pXRFII by Portable Spectral Services Pty Ltd, who have provided a proprietary Li IndexI value to define potential LCT pegmatite indicators. The results show anomalous Li Index values close to the eastern boundary of the soil sample survey area.

Higher index values appear linear in nature and may define potential for swarm pegmatites. The entire sampled area is covered by soil and deep weathering. Further ground truthing will be conducted in the coming weeks, testing for indications of pegmatitic material.

Determining the source of the Li Index anomalies will require confirmation by drilling and further sampling. The size of the anomaly, being some 5km x 1.2km, is encouraging and adds further impetus for the Lake Johnston area to become a lithium province with the Company's Bremer Range prospect located 10km south of the Pagrus lithium prospect and 17km west of the Medcalf lithium deposit owned by Charger Metals Ltd. The discovery of Li Index anomalies in the initial sampling for lithium at Lake Johnston (previously unexplored for lithium) is highly encouraging and the Company looks forward to testing these anomalies with drilling in the coming months. TG Metals owns 100% of approximately 50km of the Lake Johnston Greenstone Belt, never historically explored for lithium minerals.

Further areas within the Lake Johnston Project are now considered prospective and the Company intends to expedite surface exploration as soon as practical. Next Steps: This round of soil sampling has prioritised the areas for follow-up lithium exploration over what is a very large area of lightly explored ground. Follow-up exploration in the form of ground truthing for any sub-cropping pegmatites or pegmatitic soils in the region of the anomaly and drilling to define any pegmatite below the surface will commence as soon as practical and the required statutory permissions and approvals have been granted.

Validation of the Li Index results will be undertaken with a selection of the soil samples submitted to a commercial laboratory for conventional lithium analysis. In addition, the soil sampling results will be further interrogated for nickel, copper and chrome anomalies. The Lake Johnston Project and in particular the Bremer Range area has now demonstrated proven prospectivity for lithium, nickel sulphide and nickel-cobalt laterite mineralisation.

TG Metals is progressing with nickel sulphide exploration, engaging geophysics crews for an October 2022 commencement, to conduct new ground electromagnetic geophysics over priority targets previously reported in the Company's 14 September 2022 release.