US Critical Metals Corp. provided an update on its permitting efforts to diamond drill up to 2,000 meters and provide an outline of the proposed program at the Clayton Ridge Lithium Property ("Clayton Ridge" or the "Project"). The Project is located in Esmeralda County, Nevada and spans a total of approximately 3,600 acres within the Clayton Valley region, which is the only lithium producing region within the US.

USCM has the right to a 100% interest in the Project subject to completing the following in 2023: drill 1,500 meters on the Project, pay USD 75,000 in cash to the property vendors; and issue 500,000 common shares of the Company to the property vendor. Upon completion of the foregoing conditions, USCM will acquire a 100% interest in Clayton Ridge. Clayton Ridge is located in the volcanic mountains above the Clayton Valley, and is strategically located proximate to Century Lithium Corp.

and Noram Lithium Corp. The volcanic mountains potentially represent the source of lithium within the lower valley system, as the genesis of the lithium in the region is volcanic in nature. USCM has engaged Westland Engineering & Environmental Services Inc. ("Westland") and filed a Notice of Intent ("NOI") with the Bureau of Land Management ("BLM") to permit Phase 1 Diamond Drilling program.

Phase 1 will comprise up to 14 diamond drill holes to test the most compelling targets identified to date, as outlined in the location map set forth below. The program will test claystones to depths up to 250 meters and provide invaluable information such as the thickness and grade of the lithium-bearing units. Mapping at Clayton Ridge shows broad areas of lithium-bearing claystones and volcanic tuffs suggesting a broad lateral extension of mineralization.

The mineralized zones extend throughout the property with individual areas covering a surface area of up to 0.5 kilometer by 1.0 kilometer. All sections suggest that the mineralized units extend to the east, with mineralization open in that direction. Anomalous lithium samples from earlier sampling and mapping campaigns of airfall tuffs may add substantial thickness to the mineralized package on the property.

In some cases, the estimated thickness of the mineralized package could exceed 200 meters. This initial phase is intended to test shallow, east-dipping lithium-bearing units with west dipping angle holes to determine the thickness of the units and establish the floor of the lithium-bearing complex, as set out in the cross section map below. This is the maiden drill program for Clayton Ridge and the Company anticipates that depth, bearing and dip of the drill holes will be adjusted to accommodate the new data from the previous holes during the course of the program.

The cross-sections herein will also be revised as more data becomes available during the drilling campaign. Nevertheless, it is important to highlight that multiple additional targets exist within the land package. USCM plans to test these targets in future drill programs. Targets A to G: Designed to test the southern unit of the property, which produced the highest sample grades (up to 950ppm Li).

Mapping estimates total potential thickness of the lithium bearing units of up to 200 meters. The targets appear to be lithologically controlled with up to five lithium-bearing units. These lithium-bearing units comprise air-fall tuff, rhyolite tuff, water-lain tuff, claystone and siltstone.

Targets H to K: Designed to test the central portion of the property, which overlies older dolomitic rocks in the center of the property. These lithium-bearing units also comprise air-fall tuff, rhyolite tuff, water-lain tuff, claystone and siltstone.