Kalamazoo Resources Limited provided an update on its Pilbara Lithium Project, which is subject to a Joint Venture with SQM. At the Marble Bar Lithium Project, the Company recently identified spodumene-bearing pegmatites dykes that outcrop for at least ~1.1km strike extent and have not been previously drill tested. Kalamazoo is also pleased to advise that the results for its ~4,000m maiden 2022 RC drilling program at the Marble Bar and DOM's Hill Lithium Projects have now been received.

The Marble Bar Lithium Project (E45/4700 and E45/5970) covers ~77km2 and is considered highly prospective for LCT-style pegmatite-hosted lithium mineralisation. After completion of the 1st Phase 2022 drilling program at Marble Bar, Kalamazoo conducted a field mapping and surface sampling campaign in October 2022. This campaign was concentrated on an area within E45/5970 that contained previously mapped pegmatite dykes, some containing visible lepidolite and not subject to any previous drilling.

During the October 2022 field campaign, rock chip sample MBLR179 was noted as containing visible spodumene (in addition to lepidolite) and returned an assay result of 1.8% Li2O. The presence of spodumene in this sample has since been confirmed through petrological analysis. The identification of spodumene led to an additional rock chip sampling program in December 2022 where several other samples containing visible spodumene were collected.

The spodumene occurs in an en echelon series of pegmatite dykes with the high grade (>1% Li2O) samples currently extending over a strike extent of ~1.1km with an average width of ~2-3m at the surface. It is important to note that this is the first reported observation of spodumene within the Marble Bar Lithium Project. Kalamazoo considers this to be a highly encouraging development which will be the subject of further investigations during 2023.

2022 Maiden Reverse Circulation Drilling Program: In July 2022, Kalamazoo completed a reconnaissance maiden RC drilling program (~4,000m in total) at both the DOM's Hill and Marble Bar Lithium Projects. Marble Bar Lithium Project: At the Marble Bar Lithium Project, a total of 26 x RC holes (2,416m) targeted lepidolite-bearing pegmatite dykes across three prospects and a soil geochemistry anomaly at a fourth prospect. At three of these prospects, the drilling intersected several 1m ­ 3m average thick intervals of lepidolite-bearing pegmatite dykes hosted within gneissic basement rocks.

The best sample assay result being 1m @ 0.6% Li20 from 4m (MB22RC019). The results of this 1st phase reconnaissance drilling have confirmed the presence of numerous lepidolite-bearing pegmatite dykes in the area which will be the subject of further investigation and targeting. DOM's Hill Lithium Project At the DOM's Hill Lithium Project, a total of 10 x RC drill holes (1,612m) targeted three soil geochemistry anomalies with drilling intersecting one unmineralised pegmatite swarm.

The 1 phase of reconnaissance drilling intersected significant quartz-veining and one unmineralised pegmatite swarm at DOM's Hill, with the focus now on several identified prospects for ongoing investigations in 2023. Next Steps: Kalamazoo's priority at its Pilbara Lithium Projects is to continue with drill target generation and field exploration planning for the 2023 field season. This includes: A proposed significant 2nd Phase RC and aircore drilling program; Further field reconnaissance, surface sampling and evaluation of the high-grade spodumene-bearing pegmatite dykes; Planning and design of proposed 2023 field campaigns; Cultural heritage clearances and regulatory permitting.