Sorrento Resources Ltd. announced that it has completed the prospecting program on the PEG Lithium Property in Central Newfoundland as previously announced on August 10, 2023. Over the course of the prospecting program, 283 grab samples were collected and four new beryl occurrences were identified. The goal of the program was to expand on the known Snowshoe Pond occurrence and delineate new Lithium bearing pegmatites.

Crews were successful in identifying numerous new pegmatites. Assays will determine if these pegmatites are indeed lithium bearing and all samples have been submitted to AGAT laboratories for analysis. Sorrento will provide results once they are received.

The Property is located approximately 45 km south of Millertown and consists of one mineral license covering an approximate area of 4,525 ha. The mineral licenses are 100% held by Sorrento Resources Ltd. Access to the Property is via a well-maintained road connecting Millertown with the NALCOR hydroelectric facility at Granite Lake. The work program consisted of prospecting, mapping, and sampling of pegmatites and host rocks to determine the degree of pegmatite fractionation and any Lithium mineralization present.

These results will be used as exploration vectors for future work programs on the Property.