Mosaic Minerals Corp. announced the acquisition of 110 mining claims adjacent to the eastern edge of Patriot Battery Metals Corvette, located in James Bay, Quebec. Recent drilling on Corvette has intersected high grade Lithium (CV22-093: 52.2 meters at 3.34% Li2O including 15 meters at 5.10% Li2O).

Covering an area of 5,650 hectares, these 110 claims constituting the Pluton SM project are located in an environment comprising granitic intrusives with the presence of biotite and muscovite, two minerals considered as markers in the search for lithium. A few surface samples taken in this environment by the MERN gave indications of lithium and thorium contents. The latter is a potential indicator for the presence of minerals such as cesium or rubidium which are themselves useful markers for the search for lithium.

The Company is determined to build an extensive portfolio of mining properties focused on strategic minerals, particularly lithium and nickel. With the addition of the Pluton SM project, Mosaic Minerals now holds over 784 claims covering approximately 42,000 hectares divided into 10 separate projects. Other projects could eventually be added to this portfolio.

The Pluton SM project was acquired partly from 2 independent prospectors (39 claims) and by staking (71 claims). In return for the acquisition of the 39 claims held by the prospectors, the company will issue them respectively 450,000 and 1,000,000 shares and will grant them 0.50% NSR for one and 2% NSR for the other, of which 1% may be bought back for $1 million. The transaction is subject to the approval of the competent authorities.