Grid Metals Corp. announced that it has submitted an Advanced Exploration Permit to the Province of Manitoba for its 75% owned Donner Lake Lithium Property located in southeastern Manitoba, Canada. The AEP will enable certain site infrastructure to be constructed and the extraction of up to a 50,000-tonne bulk sample for metallurgical testwork.

The permit has been submitted with the support of the Sagkeeng First Nationin whose Traditional Territory the project is located. On July 18, 2023, Grid announced a maiden NI 43-101 compliant resource estimate completed of 6.81 million tonnes grading 1.39% Li2O (Inferred) from Donner Lake and the lease of the True North Gold mill as a processing facility for the resource. Grid also has a MOU with the nearby Tanco Mine to process Donner Lake ore via a toll drilling agreement.

The Advanced Exploration Permit, if approved by the Province, will authorize the upgrading and installation of site infrastructure to allow the extraction of material from Donner Lake to be tested for processing to a marketable lithium bearing spodumene concentrate. Results from the test work will be incorporated into an economic study to be completed in support of a mining permit application for Donner Lake. Grid currently has an Exploration Agreement in place with the Sagkeeng First Nation in whose unsur rendered Traditional and Ancestral Territory the Donner Lake Project is located.

The AEP has been reviewed by the Sagkeeng First Nation and their environmental consultants, and the recommendations from the Sagkeeng permit review have been incorporated into the AEP. These recommendations refer primarily to environmental monitoring, wildlife and habitat monitoring, and reclamation. The efforts by Grid to ensure its project respects and protects rights and the environment have been commendable, and are an example for the mineral exploration industry in Manitoba.

The Grid Metals Donner Lake project 2023 Mineral Resource Estimate was prepared by Mr. Rohan Millar, P.Geo. of SGS Geological Services, an Independent Qualified Persons, in accordance with the guidelines of the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects, with an effective date of the 27th June, 2023. Dr. Dave Peck, P.Geo., has reviewed and approved the technical content of this release.