Enertopia Corporation provided the following lithium project update. The company reported that the higher-grade green Lithium claystone horizon intersected in the 2022 drilling program, has been extended to depth & along a further 2,900 feet to the south with our first five completed drill holes. Drilling this year has increased the green claystone horizon from 120 feet in depth, to 295 feet in depth.

Furthermore, a second claystone horizon has been drilled down to 400 feet in depth in our first drill hole of the year DH23-01. Below are the drill hole observations from the first phase of drilling in 2023. DH23-09 was drilled 2,900 feet south from our drill hole DH22-10, which was drilled last year and returned 1,045 ppm Li at a depth of 170 feet, which was the end of hole depth.

Keep in mind that drill hole DH23-09 is still over 1,500 feet from our southern property line. DH23-08 and DH23-12 were drilled 950 feet and 1,700 feet east of hole DH23-09 respectively. The program's focus to date has been on completing drill holes into the anticipated areas of the higher-grade upper claystone horizon, which is currently estimated to cover approximately 640 acres.

The additional drill hole data will further help to define the stratigraphic and structural controls affecting claystone deposition & preservation over the area. We are excited that we are adding to the green claystone horizon that returned the higher lithium grades from last year's drilling program, and look forward to seeing what the drill bit reveals as the 2023 drill program progresses.