Beyond Lithium Inc. provided an update on the Phase 1 exploration program and to announce its plans to initiate the Phase 2 exploration program on ten different properties in early August. The Phase 2 exploration program is expected to begin in early August as planned and will include more detailed mapping, trenching and sampling on selected properties with tightened exploration target areas delineated from analytical results and LIBS vectoring. Based on an initial evaluation, Phase 2 properties will include: Cosgrave Lake (7,388 ha) which has two identified beryl bearing pegmatites with similar footprint to nearby Swanson's beryl and Mnw spodumene mineral occurrences.

Ogani Lake (1,427 ha) properties with identified beryl bearing pegmatites. Webb (3,580 ha) (West and East) and Gullwing-Tot (645 ha) properties that are along trend of Green Technology Metals' Gullwing-Tot Lake Property with 8 km of LCT pegmatites clusters. McKenzie Bay (6,186 ha) and Gathering Lake (6,948 ha) properties (South, West and East) with relatively higher LIBS analyzed of Li.

MacDowell Lake (4,137 ha) property that is along trend of and has similar airborne geophysical magnetic anomalies by Ontario Geological Survey to Frontier Lithium's Pak & Spark deposits. More properties are expected to be included in the Phase 2 program as more assays become available from the lab. Beyond Lithium's 2023 exploration program is still on schedule and within budget and will include a small drill program near the end of the season.

The Cosgrave Lake property encompasses 7,388 ha in area and is located 125 NE of the city of Thunder Bay that can be accessed via highway and logging roads. The Cosgrave Lake property is adjacent to the Jackpot lithium project of Imagine Lithium that has a historical resource of 2 million tonnes at 1.09% Li2O2. These beryl pegmatite dykes generally strike in a north-south direction, but local cross cutting pegmatites were observed showing different generations of pegmatites hosted in both granite and metasedimentary host rocks.

The presence of pegmatites striking in different orientations shows the abundance of pegmatite potential in the area and geologically shows a good structural zone for pegmatite formation. Based on Rennick's Exploration Work 2009's report3, the Swanson mineral occurrence with a mapped beryl pegmatite dyke is located just 1.8 km north of the Cosgrave Lake property. Five grab samples were collected from the Swanson pegmatite with elevated Li, Cs, and Rb towards the Mnw's showing which is about 1.2 km northwest from the Swanson showing.

The Mnw mineral occurrence is a spodumene bearing pegmatite with up to 5.85% Li2O from a grab sample. On Beyond Lithium's Cosgrave Lake property, two beryl pegmatites were discovered and sampled and analyzed by LIBS analyzer. The LIBS results of the two beryl pegmatites at the Cosgrave Lake property showed an elevated Li, Cs, and Rb footprint that resembles the Swanson pegmatite.

Complete assay results will be published by Beyond Lithium once all results are received from the lab.