Lord Resources Limited provided this update on exploration activities at the Horse Rocks Lithium Project, located 20km south of Coolgardie, WA and within 8km's of Mineral Resources Mt Marion Lithium Mine. INFILL SURFACE SAMPLING Results from the initial surface sampling at Horse Rocks outlined multiple high priority geochemical anomalies. Three priority 1 anomalies, and four priority 2 anomalies were identified.

The most significant anomaly is in the centre of the lease (Anomaly 1), situated on the hinge of an anticline, where the greenstone units have been folded. The anomaly covers approximately 1,400m x 700m, with coincident elevated Li, Cs and Be, and strong indication of fractionation with K/Rb ratios. Anomaly 2 is situated on a prospective shear zone, between the mafic/ultramafic package and siliciclastic sediments.

The infill sampling has been designed over the areas with highest geochemical anomalism to further delineate the mineralised trends, to aid with drill targeting. Sampling recently commenced and is expected to take one week to complete, with assays expected in early 2023. Ongoing geological mapping has revealed large swarms of pegmatite intrusions in all areas of geochemical anomalism.

There is a general trend for the pegmatites to strike toward the north-northwest, however locally the dykes vary in orientation. Many of the pegmatites can be followed for over 200m with widths at surface greater than 10m wide. A further 84 rock samples have been collected and submitted to the laboratory for multi- element analysis.

Results are expected in January 2023.