Eureka Lithium Corp. continues its review and assessment of the Lac La Motte lithium project as part of its Due Diligence period under the letter of intent, to be followed by the negotiation and drafting of the Definitive Agreement with the optionor, Medaro Mining Corp., ("Medaro" or "the Optionor"). The Lac La Motte property is located in La Corne township, in the prolific mining area of the Abitibi-Temiscamingue region, Quebec province, 40 kilometres ("km") northwest of the city of Val d'Or.

The East Target is located near the southeast corner of Lac La Motte, approximately 300 metres ("m") inland from the lake shore. Sampling, prospecting and mapping by the Optionor in 2022 identified multiple spodumene occurrences, which was investigated with surface sampling and a 9 hole diamond drill program (MD22-01 to 09). The work was mainly focussed along a roughly 500 m long pegmatite trend partially exposed at surface with widths in the range of 0.5 to 2 metres.

Work Results Highlights: The surface samples result from the main La Motte showing indicate lithium oxide (Li2O) values in the range of less than 0.02% Li2O to 2.58% Li2O. Drill Hole MD22-02 Intersected a 0.7 m wide pegmatite with 0.89% lithium oxide (Li2O). Drill Hole MD22-05 Intersected three pegmatites: top 0.79 m wide with 1.34% Li2O at 13.18 m depth; middle 0.7 m wide with 0.5% Li2O at 20 m depth; lower 0.81 m wide at 0.78% Li2O at 22.92 m depth.

Drill Hole MD22-08 Intersected two pegmatites: Upper 1.33 m wide with 1.49% Li2O at 36 m depth; and lower 0.93 m wide at 88% Li2O at 41.2 m depth. West Target. The West Target comprises an historical lithium spodumene prospect "La Motte VII-47" discovered in the 1950s, with the "La Motte" showing located approximately 280 metres to the northeast, discovered in 2010.

Spodumene mineralization is hosted in a pegmatite dike cutting metasedimentary rocks of the Caste Formation (Kewagama Group) which are in contact to the west with basalts of the La Motte-Vassan Formation (Malartic Group). In 2022, the Optionor completed five (5) diamond drill holes (MD22-10 to 15) over the La Motte showing, over a NNW-SSE strike of approximately 240 metres. The drill holes intersected multiple low-grade pegmatites.

The SIT survey was able to detect and plot potential lithium concentrations, possibly veins but appearing to run along contact zones as well as indications of outcrops in the bedrock surrounding these areas at depth and near surface. West Target 2022 Drill Hole Maps.