Manning Ventures Inc. announced it has secured crew and equipment for a follow-up exploration program at it's wholly-owned Dipole Lithium project, located in Newfoundland, Canada. The program is expected to commence within the next few weeks. The Dipole Lithium Project is a 997.3-hecatre project located within the Hermitage Flexure structure approximately 50 kilometers along strike of the Sokoman/Benton Kraken Lithium discovery.

The Hermitage Flexure is a regional-scale structural corridor containing volcanosedimentary rock units, which are favorable host-rocks for spodumene-bearing LCT pegmatites. The Hermitage Flexures is thought to be the continuation of the Avalonia to Kings Mountain/Piedmont Trends as discussed below. The mapping and sampling campaign is designed to follow up on the positive results from a brief reconnaissance scale program in late 2022 that successfully accomplished the task of validating the Property's LCT-style affinity by returning highly anomalous lithium values (up to 472 ppm Li) hosted in a felsic intrusive host rock.

The upcoming work program of approximately one-week is the first extensive field campaign with a primary focus on lithium in the central portion of the "Hermitage Flexure" of Newfoundland. The Kraken Lithium discovery located approximately 50 kilometres away, discovered by Benton Resources and Sokoman Resources is on the same regional geological structure and is continuing to prove up to be a significant project with recent results of 1.22% Li2O over 13.37 m in recent work. Newfoundland Lithium Belt Discovery: Newfoundland's pegmatite belt is over 450 kilometers in length and is analogous to the Avalonia Lithium Belt in Ireland and Kings Mountain/Piedmont Lithium Belt in North Carolina.

LCT-style pegmatites have been identified in regional mapping of Newfoundland since the middle of the 1900s. During the mid- 1960s, the Newfoundland government conducted two seasons of pegmatite surveys to evaluate their economic potential. Beryl bearing pegmatites were mapped, but very little was known about the zonation of metals like beryllium, tantalum, and lithium within pegmatite fields.

Since then, significant amounts of new regional geochemical data have been released yet no modern-day lithium exploration techniques have been applied in this highly prospective region.