Red Mountain Mining Limited provided an update regarding activities at the Company's suite of lithium assets. Following the maiden discovery of anomalous surface lithium at Mustang, the Red Mountain exploration team has proceeded to conduct reconnaissance surface sampling at the Lithic prospect. Recent unusual blizzards and extreme weather in the Nevada region has slowed down the sampling process.

To improve efficiency, samples have been sent for laboratory analysis as they are obtained. This initiative will be ongoing over the next several weeks. The pending assay results will provide key indications on target area for the upcoming planned drill program.

Following the grant of EL33346 in January, Red Mountain has begun preparation for commencement of fieldwork at the end of this month. Initial activities will include geological mapping and soil /rock chip sampling to develop prospective targets for drilling. Geophysical surveys may also be undertaken to assist in identifying lithium-rich pegmatitic zones under cover.

Red Mountain continues to seek further project opportunities to enhance its asset portfolio, particularly in the battery minerals sector. The Company will endeavour to provide further updates to the market as required.