Lanthanein Resources Ltd. announced assay results from the recent drilling completed at the Lyons Rare Earths Project in Western Australia (Lyons Project). The drill program targeted high-grade rare earth mineralisation discovered at the outcropping ironstones at Lyons 11, 12, 13 and 27. Significant drill programs are planned for 2023 to step out and infill known REE mineralisation for resource estimation in H2, 2023.

Geophysical review of magnetic and radiometric surveys flown by the Company has highlighted multiple areas of interest under shallow cover, yet to be tested. The highest priority targets are the high magnetic curvilinear trends which show a similarity to Dreadnought Resources Yin and Sabre discoveries. The Company recently received $200,000 in funding from the Department of Mines Industry Regulation and Safety (DMIRS) to investigate potential for large tonnage REE carbonatites similar to Lynas Corporation's Mount Weld deposit in Western Australia.

Assay results will continue to be received over December and January with approximately 70% of results received at present. The Company's recent maiden drilling program completed a total of 53 Reverse Circulation drillholes (Table 2) for 3,510m drilled, at an average depth of 66m. Significant intersections at the Lyons 12 and 13 prospects include LYRC036: 3m at 0.82% TREO from 30m, including 1m at 1.67% TREO (55% NdPr:TREO) from 31m LYRC018: 3m at 0.57% TREO from 6m, including 1m at 1.11% TREO (51% NdPr:TREO) and 0.79% Nb2O5 from 8m.

LYRC039: 1m at 1.01% TREO (53% NdPr: TREO) from 49m. LYRC025: 1m at 0.71% TREO (47% NdPr:TREO) and 1.20% Nb2O5 from 34m Significant intersections (Table 1) at the Lyons 27 prospect include: · LYRC047: 5m at 0.69% TREO from 20m, including 2m at 1.06% TREO (41% NdPr:TREO) from 21m. LYRC048: 2m at 0.22% TREO (43% NdPr:TREO).

LYRC045: 1m at 0.21% TREO (38% NdPr:TREO) Assay results are still pending for 5 of the six holes drilled at Lyons 27 Potential remains for further discoveries of ironstones and carbonatites within the Company's tenure where no historical REE exploration has occurred. Niobium (Nb) is a ductile refractory metal that is highly resistant to heat and wear. Like tantalum, it is resistant to corrosion owing to the formation of a surface oxide layer.

Approximately 90% of niobium use is attributed to the steel industry, predominantly as a micro alloy with iron. The addition of small, relatively cheap, amounts of niobium (much less than 1%) significantly increases the strength and decreases the weight of steel products. This results in more economic, beneficial products for use in the construction industry, in gas and oil pipelines, and in the automotive industry where weight savings result in increased performance and fuel reduction.

Niobium, along with other refractory elements such as tantalum, is also used in nickel and nickeliron superalloys, particularly for applications requiring strength and heat resistance. Uses for such superalloys include turbine blades in jet engines within the aeronautic industry, and gas turbines in the energy industry. Niobium becomes a superconductor at very low temperatures.

When alloyed with titanium (NbTi) or tin (Nb3Sn), it produces the superconducting magnets used in magnetic resonance imaging (MRI) scanners, nuclear magnetic resonance (NMR) equipment and particle accelerators such as the Large Hadron Collider at CERN (The European Organization for Nuclear Research). Niobium is one of a suite of commodities identified by the Australian Government as critical minerals, i.e., minerals (or elements) considered vital for the well-being of the world's economies, yet whose supply may be at risk of disruption. Niobium is essential for advanced technology.