Pure Resources Limited announced that the exploration budget for the LaForge Project (Project) has been approved. Exploration of the Project, which covers 261km2 and is located 65km northeast of the CV5 lithium discovery by Patriot Battery Metals Inc., has commenced. As part of the exploration programs, detailed satellite data acquisition and analysis will begin with the aim to identify lithium-bearing pegmatites.

The Company has also approved work programs to identify these pegmatites on the ground, before planned drill testing in the latter half of 2023. It is noteworthy that, to-date, the Company's exploration has only covered 5% of the Project. Therefore, the planned work program will focus on the remaining 95% of the Project.

Pure has engaged Apex Geoscience Ltd. to expand the initial reconnaissance program with a significant field program, followed by drilling, to be completed during the year. An indicative timeline of events.