Discovery Alaska Limited announced that it has identified lithium at the Coal Creek prospect, part of its 100% owned Chulitna Project in Alaska, USA. As such, the Company commenced a comprehensive work program to qualify and quantify the lithium (and other critical minerals) occurrences at Coal Creek. The Company believes that lithium has never been assayed at the Coal Creek prospect, where multiple drill programs have been conducted over the past 40 years, and the majority of drill core from these campaigns ­ possibly over 5000m of core, is stored at the Alaska Geologic Materials Center warehouse, and available for the Company to utilise.

The core provides a high quality data-set at a fraction of the original exploration cost and time required to conduct such drilling. An initial twelve priority drill holes were selected for scanning works, using a SciAps Z-901 LIBS handheld analyzer, 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.

The scanner highlighted variable intervals of lithium present throughout the intrusive units, mostly correlating well with concentrated tourmaline and lithium-bearing greisen zones with stockwork veining, as well as within the lithium-bearing aplite porphyry unit. A historic report includes a cross-section highlighting the extent of greisen alteration within the target area, and in the vicinity of several of the priority scanned drill holes. Moderate to strong lithium readings continue to the bottom of several drill holes, indicating the potential for further lithium bearing zones remaining open at depth within the cupola structure.

The Company will accelerate works to test the remaining prospective drill core to determine potential scale of the lithium bearing zone. The Coal Creek prospect granite consists of at least two texturally and chemically different units ­ a seriate granite porphyry which is intruded at depth by a fine-grained equigranular to porphyritic biotite (lithium) granite. The seriate granite outcrops at surface and forms a small resistant knob.

Greisen alteration is the main type of alteration, and with the mineralization, are centered in and above the cupula of the biotite granite in the upper seriate granite unit along an elongate dyke like granite porphyry body. The Company previously announced the Coal Creek prospect contains historical works, including a 2015 NI 43-101 Report (prepared for Strongbow Exploration Inc.) comprising a "Technical Report on the Coal Creek Tin-Silver Exploration Target". This report included selected historical drilling and associated assay data, and a conceptual exploration target estimate.

The lithium bearing units are also prospective for critical minerals ­ tantalum, niobium, and other specialty metals. The Company engaged its specialist Alaskan professional geological consulting services group to conduct and manage the Coal Creek works program.