Foremost Lithium Resource & Technology Ltd. announced its drilling plans for its Jean Lake Lithium/Gold Property located near the historic mining centre of Snow Lake in Manitoba. The Company is completing plans in preparation for a 15-hole, 2,500-metre diamond drill winter program including submitting a work permit at the Manitoba Mines Branch. Foremost will commence the drilling program in the beginning of First Quarter in 2024 and is targeting the B-1 spodumene bearing pegmatite dyke along strike towards the B-2 and B-3 pegmatites to extend the mineralization laterally and down plunge.

It is the Company's goal to develop a better understanding of the spodumene-bearing pegmatite emacement mechanisms at Jean Lake. Foremost's drill program, combined with field observations, have indicated that B-1 and B-2 could be one spodumene-bearing square pegmatite with a minimum length of 325 metres. Previous drilling, just north of the B1 pegmatite, intersected a 3.35 metre zone of spodumene mineralization between surface and 3.35 metres, assaying 1.26% Li2O.

Highlights from this program included 7.50 g/t Au over 7.66 metres from 94.35 - 102.01 metres (including 102.0 g/t Au over 0.48 metres from 94.77 - 95.25 metres). Further investigation and drilling will assess the potential for additional gold mineralization at depth as well as to create a geological framework to aid in delineating gold intersected during the 2022-23 drill program. The northeast sector of Foremost''s Jean Lake Property abuts the lithium property of Snow Lake Resources ("SNR") that hosts the Sherritt Gordon ("SG") and Grass River ("GRP") pegmatites.

The possibility that the SG-3 pegmatite (re-named B-1) may form part of the same cluster as the nearby spodumene bearing SG-1 and SG-2 pegmatites will be tested by planned drilling. The Company has secured arrangements with some of its vendors to extend the Company up to $3.0 million in credit financing toward the drill program which may be utilized by the Company at any time, and from time to time at its discretion, to complete the program; the payments for which can be made over a period from 12 to up to 18 months from the services being rendered to the Company under the same. Dahrouge Geological Consulting is currently finalizing all details of the Jean Lake Property winter drill program, including securing all vendors to extend the Company's exploration partners to extend the Company up to USD 3.0 million in credit financing towards the drill program which may be used by the Company at any time.

The Company has secured arrangements With some of its vendors to extend The Company up to $3. 0 million in credit financing toward the drilling program which may be utilized by The Company at any time, and From time to time at its discretion; to complete the program; the Payments for which can be made over an period from 12 to up to up to 18 months from The services being rendered to the Company Under the same. Dahrou ge Consulting is currently finalizing all Details of the Jean Lake winter drill program, including secured all vendors to fund the drilling program.