K9 Gold Corp. announced that it has acquired an additional 25 claims (1274 ha) by direct staking as part of the Company's JB Lithium Project in the James Bay Region of northern Quebec. This will bring the total project holdings to 6692 Ha in 130 claims. An aggressive summer exploration is now planned and is fully funded.

The Lac Laribosière-Tilly (LL-T) property (the "Property") is located approximately 60 km due north of the previously announced Lac Joubert-Tilly (LJ-T) property on the JB Li Project. The LL-T property is located approximately 380 km east of Radisson, Quebec. Other projects in the area include Allkem's James Bay lithium project, which recently received federal approval for development, Patriot Battery Metals Corvette project located 50 km to the west and Winsome Resources Lithium Adina project located approximately 40 km to the west.

The LL-T property is underlain by a package of Archaean rocks that is similar to the geological setting of the Corvette and Adina projects, and includes outcrops of Tilly pegmatites, a known host of lithium in the James Bay region. K9 has recently completed a helicopter-borne magnetometer and VLF survey on the project. Results will be reported on completion of data interpretation.

A LiDAR and photogrammetry survey is scheduled for the project in early June 2023, to be followed by an extensive program of soil sampling, prospecting and mapping. However this may be delayed as the Quebec Ministère des Ressources Naturelles et des Forêts has recently placed a ban on all field work due to the forest fire situation. The geology of the LL-T property is underlain mainly by the Archean Joubert Suite and the Neoarchean Coates Suite.

Where the Joubert Suite occurs on the property, it consists of a package of foliated, banded or gneissic biotite-tonalite and granodiorite. The rocks of the Coates suite have been described as biotite tonalite or granodiorite. Within the property boundaries, both the Joubert suite and the Coates suite have been intruded by a broad zone of Tilly Pegmatites which comprise pegmatitic granite with biotite-muscovite-tourmaline- magnetite-garnet assemblages.

These pegmatites are a significant lithium target for other explorers in this area. A 1998 Quebec Government geological mapping program located one outcrop of Tilly Pegmatites. Government mapping also indicates that the property is transected by diabase dykes of the Mistassini Dyke Swarm.