Vancouver, British Columbia - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the 'Company' or 'Imagine') is pleased to announce assay results from its ongoing drill program at the Jackpot lithium project. The drill program is designed to test targets along strike both to the east and west of the Jackpot lithium project located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario (see Figure 1). All of today's reported results are located within the eastern extension of the Jackpot property and are outside the known historically drilled Jackpot Main Zone. The current drill program has expanded the mineralized lithium zone at least 400 metres to the east of the previously drilled area (see Figure 2).

Highlights of the assay results reported today include:

Hole JP-2022-21C: 21.0 m @ 1.16% Li2O, including 8.0 m @ 1.40% Li2O;

Hole JP-2022-21B: 3.00 m @ 0.92 Li2O % and 11.00 m @ 0.87 Li2O %

Hole JP-2022-16: 5.02 m @ 1.12% Li2O and 3.12 m @1.35 Li2O %

J.C. St-Amour, President of Imagine, commented, 'Today we announced one of the best intercepts to date on the Jackpot property both in terms of width and grade. I am very pleased that these results are to the east of our primary historical area of drilling on the property and they demonstrate the property's expansion potential. Also, it is important to note that all our results so far this year have been very shallow, from surface to ~100 metres, meaning the dikes are at or near surface. The drill program is ongoing and aimed at increasing the size of the historical resource both along strike but also to the north by testing additional parallel pegmatite targets.'

The current drill program is designed to test possible extensions of the Jackpot deposit along a known lithium bearing trend. To date 6,755 metres have been drilled with results returned from approximately 3,463 metres. The Company will release drilling and sampling results as they become available.

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.

About Imagine Lithium Inc.

Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.

The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

Contact:

Telephone: +1-604-683-3995

Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

(C) 2022 Electronic News Publishing, source ENP Newswire