New Age Metals Inc. announced the results of the 2024 winter exploration program at its Winnipeg River-Cat Lake Lithium project in southeast Manitoba. The project area hosts numerous spodumene-bearing pegmatites and surrounds the world class Tanco mine. Drilling was carried out by Platinum Diamond Drilling Inc. with technical and geological oversight by Axiom Exploration Group Ltd. The program consisted of exploration drilling across three of the Company's properties including Lithium Two, Bird River Lithium, and Lithman East.

Drilling on the Lithman West property was hindered by insufficient ice thickness required for an ice bridge crossing. The program commenced on January 2nd, consisting of 56 diamond drill holes totaling 12,686 meters. A total of 3,507 drill core samples were submitted to SGS Canada Inc. for geochemical analysis and all assay results have been returned.

Drilling was focused on high-priority targets identified from the 2023 geochemical and geophysical field programs. Among these targets was the Lithman East property, which lies 7 km east of the Tanco mine complex and lacked any publicly available historical drill data. Two drill holes intersected over 1% Li2O and others exhibited anomalous geochemical values for lithium, cesium, tantalum, and tin. Exploration drilling was also conducte New Age Metals Inc. announce the results of the 2024 winter exploration program at its Winnipeg River-Cat Lake Lithium project in southeast Manitoba.

The project area hosts numerous spodumene-bearing pegmatites and surrounds the world class Tanco mine. Drilling was carried out by Platinum Diamond Drilling Inc. with technical and geological oversight by Axiom Exploration Group Ltd. The program consisted of exploration drilling across three of the Company's properties including Lithium Two, Bird River Lithium, and Lithman East. Drilling on the Lithman West property was hindered by insufficient ice thickness required for an ice bridge crossing.

The program commenced on January 2nd, consisting of 56 diamond drill holes totaling 12,686 meters. A total of 3,507 drill core samples were submitted to SGS Canada Inc. for geochemical analysis and all assay results have been returned. Final drill collar coordinates can be found in Appendix A. Drilling was focused on high-priority targets identified from the 2023 geochemical and geophysical field programs. Among these targets was the Lithman East property, which lies 7 km east of the Tanco mine complex and lacked any publicly available historical drill data.

Two drill holes intersected over 1% Li2O and others exhibited anomalous geochemical values for lithium, cesium, tantalum, and tin. Exploration drilling was also conducted within the vicinity of spodumene-pegmatite showings on the Lithium Two and Bird River Lithium properties to assess the extent of mineralization on these properties. Drilling on the Lithium Two property was concentrated on the newly discovered spodumene-bearing pegmatite on the Northwest edge of the property, as well as to the east of the FD5 Pegmatite.

Drilling on the Bird River Property was conducted to test the Tappy and Matty Showings at depth, as well as defined geophysical anomalies. 2024 Drill Program Highlights: A total of 158 individual pegmatites were intersected in 41 of the 56 total drill holes. Exploration holes on the Lithman East property intersected pegmatite in 22 of 26 holes with an average of 31.13 meters (cumulative) of pegmatite per hole.

Two drill holes intersecting over 1% Li2O and others showing anomalous geochemical values for Lithium, Cesium, Tantalum, and Tin indicative of a fractionated, rare-metal pegmatite system. Lithman East Drilling Intercepts: Notable intercepts include: 1.29% Li2O over 0.3 m (from 363.8 m) (LE24-002) and 1.14% Li2O over 0.7 m (from 398.3 m) (LE24-011). High-grade lithium mineralization has not been recorded on this property prior to this drilling campaign.

o Samples assayed up to 2976 ppm Cs, 258 ppm Ta, and 3,125 ppm Sn. Lithium Two Drilling Intercepts: LT24-032: 0.63% Li2O over 18 m (from 62 m), including: 0.75% Li2O over 6.5 m (from 67.5 m), 2.47% Li2O over 1.50 m (from 78.5 m), 3.36% Li2O over 0.5 m (from 79 m), and 214 ppm Ta over 6.55 m (from 76 m) o LT24-036: 1.32% Li2O over 0.58 m (from 29.18 m) and 204 ppm Ta over 0.4 m (from 125.7 m). LT24-042: 1.92% Li2O over 0.7 m within 4.35 m of 0.52% Li2O (from 65.75 m) o LT24-044: 1.77% Li2O over 0.8 m within 2.8 m of 0.81% Li2O (from 90 m); and 233 ppm Ta over 0.7 m (from 86.45 m).

Bird River Lithium Drilling Intercepts: BR24-012: 0.28% Li2O over 4.8 m (from 85.5 m); including 0.51% Li2O and 783 ppm Cs over 0.83 m, and 246 ppm Ta over 1.8 m (from 83.7 m).