Pegmatite One Lithium and Gold Corp. announced compelling results from the overlimit analysis of samples collected during the ongoing exploration program at the Frazer Lake Mound Property in northwestern Ontario, Canada. Preliminary laboratory tests reporting lithium concentrations exceeding 10,000 parts per million (PPM), or 1%, prompted Pegmatite One to embark on a comprehensive overlimit analysis.

This subsequent examination unveiled even higher lithium concentrations, confirming the exceptional nature of the lithium mineralization within the Frazer Lake Mound Property. The Company's dedication to meticulous exploration has yielded remarkable findings, with the recent overlimit analysis of selected samples showcasing significant lithium concentrations well above the initial 1% limit, with samples returning up to 3.37% Li or 7.25% Li2O. This outcome underscores the substantial potential of the Frazer Lake region as a valuable source of lithium.

The successful overlimit analysis strengthens Pegmatite One's commitment to advancing its exploration strategy at the Frazer Lake Mound Property. The significant lithium concentrations reported in the overlimit analysis represent a pivotal milestone in Pegmatite One's journey towards establishing the Frazer Lake Mound Property as a potential source of high-grade lithium. In response to these compelling findings, the Company has extended its exploration program within the Frazer Lake region.

This decision reflects the remarkable potential of the property's lithium mineralization, driving an intensified effort to uncover their full scope and value. The Company will continue to share updates as it progresses in its exploration endeavours.