IMAGINE LITHIUM INC. provided an update on its ongoing exploration activities at the Jackpot lithium project, located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 km north-east of Thunder Bay, Ontario. The Jackpot property is characterized by swarms of mineralized lithium-bearing pegmatite dikes distributed across the 18,800 ha land package. Highlight holes from the ongoing drill program at the Jackpot Main Zone include: 14.35 m grading 1.22% Li2O in hole JPMET-2023-03; 12.05m grading 1.06% Li2O in hole JPMET-2023-02; 9.98m grading 1.14% Li2O in hole JPMET-2023-01B; and 9.0m grading 1.00% Li2O in hole JP-2023-P1. Drilling is currently ongoing at the Jackpot Main Zone with the goal of expanding the lithium resources. Areas being tested included the northern area of the Jackpot Main Zone where the Company is seeing another stacked dike and intercepting pegmatites up to 20m in thickness, as well as the eastern extension of the Jackpot Main Zone which can expand the mineralization along strike. The terrane north of the Jackpot Main Zone, also includes the Point Lithium area which will be drilled this winter. The 2023 summer drill program also investigated the 500-m long spodumene-bearing pegmatite located 1.8 km NW of the Jackpot Main Zone. Eleven holes totalling 1,689 m were completed and traced a continuous pegmatite that appears open to the east and west. The best intercept yielded 1.31 % Li2O over 4.15 m. This EW-trending dike may be associated with the Point Lithium granitic pegmatite and merits further investigation. In addition, a drilling program tested the `SW pegmatites', located 1.4 km SW of Jackpot (Figure 3), where channel samples in 2022 returned 10.3 m grading 1.23% Li2O and 10.0 m grading 1.02% Li2O. Twenty-two diamond drill holes were completed totaling 3,093 m. Lithium concentrations appear to decrease west of the main showing. The area to the east of main spodumene-bearing dikes remains to be drilled. Till Sampling: A large campaign of till sampling was carried out this season, targeting the less explored areas of the property. These areas have a significant potential for discovery of new spodumene-bearing pegmatites. Grids of 200 m x 100 m were
implemented to collect C-Horizon material (basal till). Preliminary results from the high-potential areas lying to the north and southeast of the Main Jackpot Zone and covering the 500 m and Point Lithium pegmatites indicate a significant number of till samples having lithium concentrations > 40 ppm (40-163 ppm). These lithium values extend over an area of 4.2 km2 located between the two pegmatite sites. The Company believes this represents significant exploration potential and plans to systematically drill the area over the winter months.