AM Resources Corp. announce the acquisition of a significant land package totaling 1,500 sq. km through map staking in Austria.

The newly acquired land is located in the Austrian Pegmatite Belt within the Austroalpine Nappes, known for its geological diversity and rich mineral endowment. AM Resources has positioned itself to become the only lithium exploration country play in a proven jurisdiction with an existing Tier 1 lithium mine project and located within 620 km of end users. The AM Resources team has been actively assembling a massive prospective land package with four key elements at the core of its strategy: proven geology, proximity to key markets, historical expertise, and a clear, proven mining code.

Of the few jurisdictions that qualified, Austria was the obvious choice. AM Resources? properties are located within 620 km of 14 planned battery plants and have direct access to an extensive rail system.

Mining in Austria predates the founding of the country with the world?s oldest salt mine in operation. In addition, mining has a tradition of skilled labor and an extensive academic and geological service network. Within the new property acquisition, the Company is excited to add the Frederick property to its portfolio with 112 identified pegmatites in an area of 52.25 sq.

km. The longest identified pegmatite measures over 750 metres in length. This property demonstrates the exceptional potential of the Austrian Pegmatite Belt.

The combination of the number and size of the identified pegmatites makes this property one of the team's top priorities for the Company's next exploration campaign. The Company has spent the last few months building long-lasting local relationships with the government, service providers and professionals and is looking forward to carrying out exploration activities, continuing to investigate new lithium discoveries made during the last summer campaign, as well as exploring new prospective ground. In addition, AM Resources is considering expanding its land position to further enhance its strategic position.

New Land-Package Geology: Geological surveys indicate the presence of several thousand pegmatites variably distributed throughout the area. These pegmatite-bearing units consist primarily of mica schist and paragneiss, often containing staurolite and/or aluminosilicate-rich layers, with protoliths expected to range in age from Neoproterozoic to Carboniferous. The spodumene pegmatites typically occur as dykes ranging in length from a few tens of metres to over 1 km, with thicknesses varying from a few decimetres to several metres.

These pegmatites, together with leucogranites, which occur as inhomogeneous bodies with pegmatitic and aplitic zones, cover extensive areas of up to 1,500 sq. km. Their sharp contact with host rocks, sometimes with narrow reaction zones, underscores their geological importance.

This geological area has led to the discovery of the Wolfsberg deposit with over 10 million tonnes grading in excess of 1% spodumene. AM Resources' business model is to explore for a deposit of this magnitude on its newly acquired properties.