Solstice Gold Corp. announced that it has established a 187 km2 strategic land position for the purpose of lithium and rare element pegmatite exploration located in the Stewart Lake area, part of the geological terrain known as the eastern English River Subprovince (“ERS”) in NW Ontario. The project is located approximately 70 km NNW of the town of Nakina and the CN railroad and has been acquired through staking of 175.2km2, 767 claims and a third-party option to acquire 100% of a further 11.46km2 (56 claims).

Key Features of the Stewart Lake Project (‘SLP”): In the southern part of the SLP, a known iron formation and sediments were the target of diamond drill exploration for iron in the late 1950's and early 1960's carried out by several operators. Filed government assessment reports indicate that of 31 diamond drill holes reported on the SLP (average length 132.2m), 28 of these (90%) document multiple pegmatite occurrences. Additional Project Details: The SLP lies 8km west of an area of mostly patented (privately held) mining claims which include a known Beryl-bearing pegmatite occurrence.

A second uranium-bearing pegmatite occurs only 1.5 km east of its eastern claim boundary. As noted by the OGS in its recent recommendations, this area records the presence of numerous pegmatites of which several contain tourmaline and/or fluorite and/or unidentified blue-green minerals which are prospective for rare-element pegmatites. Geological mapping over SLP claims has only been carried out at a reconnaissance scale of 1 to 2 miles which leaves considerable scope for mapping and the application of modern exploration techniques.

The property is traversed by a forestry road and inspection of online satellite imagery suggest considerable outcrop exists in the areas of the known pegmatites. The OGS flew a detailed magnetic survey in 2010 which helps delineate major rock packages and regional structures and could be used to accurately ground-locate the historical pegmatites reported in diamond drill holes. The Company announces that it has entered into an option agreement dated February 21, 2023 (the “Option Agreement”), with Fabio Micacchi (“FM”) and 743584 Ontario Inc. (the “Optionor”) to purchase an option (the “Option”) to acquire the Optionors 100% interest in certain mining claims forming part of the SLP (the “Claims”).