CAT Strategic Metals Corporation provided an activity update on its Jackpot Lithium and Gold Jackpot Properties located in northeastern Elko County, Nevada, near the Surge Discovery. Lithium Claims: CAT filed 32 of its new Lithium-target lode claims with the BLM Reno, Nevada office on August 25, 2023. These claims were properly staked on what CAT interprets to have been open ground for CAT by Certified Professional Geologists and Qualified Persons, one of whom is independent of CAT and is an Expert witness for the determination of validity of unpatented lode mining claims. The BLM file numbers for these claims are NV106317198 through NV106317227.

These 32 new lode claims cover 661 acres (267.5 hectares) of a possible eastern extension of the lithium-bearing tuff sequence that is being explored by Surge Battery Metals. The Idavada Volcanics (Tts) tuffites-ignimbrites-sediments overlie the Jarbidge Rhyolite and Humboldt Formation sequences on the north side of the Opal Springs Fault. Previous geologic mapping by Coats shows the Opal Springs fault going through the area of CAT's new northern claims. CAT is investigating if it was a feeder fault for lithium mineralizing hydrothermal fluids.

The company's original claim block in blue and its 41 new claims in red. It also shows CAT's claims in relation to the approximate claim locations of Gli, Surge and Peloton Minerals Corporation, the Company's neighbors in what is considered to be a new and emerging lithium discovery area. The company received additional regular- and screen-fire bulk sample assays from samples taken from the Stag's Leap porphyry ("PCD") and diatreme exploration target on its Gold Jackpot claims. These surface samples contained local elevated gold, copper, tellurium, and lead to in excess of 0.4% Pb.

The geochemically-anomalous areas are shown in Figures 2, 3, 4, and 5 for the outline of this previously-identified (in 2009) zone of widespread surface mineralization. North is up on these figures, and the grid boxes are 500 by 500 meters each. Gold rock chip geochemistry, Stag's Leap Target, Gold Jackpot Area.

Lead rock chip geochemistry,Stag's Leap Target, GoldJackpot Area.