Brascan Gold Inc. announced it has entered into a second option agreement to acquire a 100% interest in a second lithium property ("Property #2") with BHBC Exploração Mineral Ltda. ("BHBC") and RTB Geologia E Mineração Ltda., both limited companies incorporated and existing under the laws of Brazil (together, the "Optionor"). Property #2 is a 2,963.7-hectare mineral claim package comprising 1.5 contiguous claim blocks in Brazil's Minas Gerais State, a mining-friendly jurisdiction located approximately 55 kms from Sigma Lithium's Grota do Cirilo property, the largest lithium hard rock deposit in the Americas.

Brascan's Property #2 is located immediately west of the first property optioned from the Optionor in February 2023 and the two properties are separated by less than 500 m. Sigma Lithium is located in an emerging world class hard rock Lithium District in the State of Minas Gerais, Brazil. Lithium Ionic, CBL and Latin Resources are very active in exploration and discovery of new lithium deposits.