Morella Corporation Limited announced that it has completed its first on-ground works at the North Big Smoky Lithium Project, with the conclusion of a detailed soils program. Having recently secured the North Big Smoky Project through an earn-in arrangement. Morella planned and executed the program to build its knowledge base on the Project.

The soils program was completed over the period 16 - 18 September 2022, with all samples now enroute to an independent laboratory for analysis. Program Structure: The soils program was designed to focus on the western half of the project area due to what is assessed as a control structure dissecting the contiguous claims area in a north south direction. The program sourced 272 samples via use of a powered auger, to allow sampling at a depth of up to 1.37m below surface.

In some instances, caliche/calcrete was intercepted by the auger, and in such events, the field crew utilised small hand tools to ensure adequate sample depth was achieved. All sampling and sample preparation was supervised by a Certified Professional Geologist. Future works: All samples have been prepared and are on route to an independent laboratory in the United Stateswith assay results expected to be provided in one to two months and will be released to the market in due course.

Morella has also scheduled an initial magentotelluric ("MT") survey at North Big Smoky, which is intended to identify sub-surface areas of mineral concentration. The combination of MT survey and soils program will shape and guide future exploration efforts at North Big Smoky. The MT Survey is programed for completion in Fourth Quarter 2022 and based on the same principles utilized successfully at the Company's Fish Lake Valley project located south of North Big Smoky.