Ardiden Limited ('Ardiden' or 'the Company') (ASX: ADV) is pleased to provide this update in relation to its 100%- owned hard-rock Lithium Projects in northwest Ontario, Canada.

Ardiden holds full ownership of three high grade, low impurity lithium projects, comprising 95km2 of highly prospective tenure. This lithium portfolio includes a 4.8Mt @ 1.25% Li2O JORC Resource and an Exploration Target of a further 4.5-7.2Mt @ 0.8-2.0% Li2O at the Seymour Lake Lithium Deposit. Metallurgical testwork by Ardiden on Seymour concentrate confirmed achievement of +99.5% Standard Battery grade Lithium Carbonate product.

As recently highlighted by Canada's Resources Minister at the PDAC Conference, demand for lithium and other Critical Minerals is increasing to support the transition to a low emissions' global economy. Canada is actively leveraging its mining and leading environmental, social and governance credentials to become the global supplier of choice for clean and advanced technologies.

The Board of Directors is actively exploring strategic alternatives for Ardiden's lithium Projects to unlock shareholder value. The Company is evaluating options including retention, potential sales, spin-offs, joint ventures or business collaborations, subject to shareholder and regulatory approvals, as required.

Ardiden MD, Rob Longley said 'Ardiden is well positioned to extract benefit from re-invigorated interest in the Critical Minerals sector. Lithium is a key ingredient in rechargeable batteries used in electric vehicles (EV's). The Company's three high grade Lithium Projects are in close proximity, and well connected to the rapidly expanding US EV battery market. While we remain firmly committed to our gold exploration at Pickle Lake, have received significant interest in our lithium assets and are working diligently to deliver the best possible value to Ardiden shareholders.'

In terms of exploration potential, the Seymour Lake Project has an additional 5km of exploration strike length that remains largely untested. The Root Lake and Wisa Lake Projects have an additional 20km of potential pegmatite strike length that have Historical Estimates (non-JORC) of high grade Li2O. All three lithium projects have good access, and walk-up accessible drill targets for further resource definition exploration.

Contact:

Tel: +61 8 9322 7600

Email: info@ardiden.com.au

About Ardiden (ASX: ADV)

Ardiden Limited is an ASX-listed company focused on gold exploration at its Pickle Lake Gold Project in north-west Ontario, Canada. The project consists of 870km2 of highly prospective gold landholdings across 22 identified Gold Deposits and Prospects. Ardiden also has 100% ownership of three hard rock (spodumene) Lithium Projects in northwest Ontario and is well positioned to derive benefit from both gold and lithium exploration sectors of the market.

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