Discovery Alaska Limited announcement on 19 May 2022, the Company advised that evaluation works confirmed lithium minerals from historical drill core at the Coal Creek prospect, part of DAF's 100% owned Chulitna Project in Alaska, USA. The Company conducted a detailed preliminary work program of the lithium occurrences at Coal Creek via scanning works on an initial twelve priority drill holes, using a SciAps Z-901 LIBS handheld analyser to determine rudimentary lithium content throughout the entirety of each drill hole. The scanner detected the presence of lithium across broad zones in all twelve drill holes, with all results listed in Appendix A. The twelve priority scanned drill holes - DDH-14, DDH-15, DDH-20, DDH-21, DDH 24, DDH- 25, DDH-33, DDH-36, and 06-43 to 06-46 identified positive results within the finer-grained aplitic intrusive.

The preliminary scan results indicate the lithium is found disseminated throughout the priority drill holes, with selective concentrations within stockworked, mineralised greisen zones within the upper coarse-grained granite, and highly disseminated within the finer-grained granite. Project Background: The Company's 100% owned Chulitna Project area comprises 199.4km2, is located on State of Alaska public lands, and is not subject to any Native Title claims, native lands, or native claimant groups. The project lies approximately 250km north of Anchorage and close to the major Parks Highway, which runs mostly parallel to the State-owned Alaska railroad.

The project hosts numerous prospect areas identified from historical works, which are prospective for lithium, gold, silver, copper, tin and base metals. The two main prospect areas currently identified within the project area are Partin Creek and Coal Creek.