Enertopia Corporation provided the following lithium project update. Building on last year's successful inaugural drilling program at the company West Tonopah Lithium project, the Board of Directors has approved a second phase drill program involving 10-13 holes with drilling depths of 300 feet to 450 feet for each hole, for an estimated total drilling program of 3,000 to 5,850 feet. The program's focus will be on completing drill holes into the known 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. For reference, the Clayton Valley project the company sold to Cypress Development Corp. in May 2022 covered 160 acres.

Based on last year's drilling data, and the proposed 2023 drilling program, The company expects to come up with a measured/indicated and inferred resource over the estimated 640 acres of higher-grade upper claystone horizon. Upon completion of the 2023 drilling program, the Company will commission the writing of an inaugural 43-101 report for the West Tonopah Project. If Possible, the Company may look at completing a preliminary feasibility study in 2024 pending the 43-101 results and recommendations from the report.

Recent news from American Lithium Corp, January 17,2023 which owns the TLC project one mile north of the company's West Tonopah Project, suggests they are expecting to have a completed pre-feasibility study out to the marketplace shortly. This information should also be relative to future development potential on the company's West Tonopah project. 2023 initiatives for West Tonopah Lithium Project: Submittal of updated NOI to the BLM for review and approval (Feb-Mar); Confirmation of drilling contractor and geological support staff (Apr-May); and 2023 Drill program, results, and commission of 43-101 Report (Jun-Oct).