Genius Metals Inc. announced that it has completed on June 27th, 2023 the acquisition of 100% interest in the Paka property located approximately 8 kilometers SE of the Corvette property owned by Patriot Battery Metals. The property is made of 189 contiguous claims covering more than 97 km2. The Paka lithium property is located 15km south of the Trans-Taiga government road in the highly prospective Archean La Grande greenstone belt where recent discoveries of lithium mineralization (i.e., Cancet, Corvette, Adina, James Bay and Wabouchi) attest to the high lithium potential of the region.

The Paka property is surrounded by numerous biotite-muscovite granitic plutons which are commonly associated with LCT (lithium-cesium-tantalum) granitic pegmatite dykes. There are major structural breaks on the property and the surrounding areas which constitute pathways for the intrusion of late-stage granites and granitic pegmatites with high lithium potential. The database from the Ministere des Ressources Naturelles du Quebec has identified several granitic outcrops, often pegmatitic on the Paka property and the surrounding areas.

Those outcrops will be investigated by the company as priority targets for their potential lithium content. The property has received limited exploration - only two assayed samples were reported on the property. The Company intends to conduct a property-wide prospecting campaign to identify and sample lithium-bearing pegmatites when the restrictions related to forest fires are lifted.

Genius Metals cautions that mineralization hosted on adjacent or nearby properties is not necessarily indicative of the mineralization hosted on its properties. The Transaction. Genius Metals has concluded the acquisition of a 100% interest in thePaka property pursuant to a Sales Purchase Agreement with a private vendor, Mr. Jean-David Moore.

In order to complete the Acquisition and in accordance with the terms of the Agreement: Genius Metals will pay a cash consideration of $60,000 at the closing of the transaction. Genius Metals will issue 6,000,000 common shares of its capital at the closing of this transaction. The property will be subject to a 2% net smelter returns royalty (NSR) on production in favour of the Vendor which can be bought back entirely or in two tranches of 1% by paying an amount of $1,000,000 per tranche of 1%, for total cash consideration of $2,000,000.

Mr. Moore who was already a shareholder of the company will effectively become the largest shareholder in Genius Metals with a total of 8.49M shares representing approximately 9.9% of the outstanding shares of the Company once the Company has completed the current financing. The shares of the transaction will be held in escrow for a 12-month period. Mr. Moore, is very active in the Quebec mineral exploration scene, he serves on the Boards of various companies and has also invested in several mineral exploration projects.