Sorrento Resources Ltd. announced that it has received analytical results from the prospecting program completed on the PEG Lithium Property in Central Newfoundland as previously announced on September 19, 2023. The presence of fertile granite has been confirmed on the Property. Fertile granites have elevated rare element contents, Mg/Li ratios <10, and Nb/Ta ratio <8 (Selway, 2005).

These ratios are also used to determine the degree of fractionation of the melt and area useful vectors LCT Pegmatite exploration. An area of high fractionation has been defined on the Property that is approximately 1.5km in width and 3km in length and is open along strike to the southwest. This area contains mapped pegmatite dikes that are highly fractionated which is an indicator that this area is prospective for Lithium-Cesium-Tantalum mineralization.

The highest value returned from the program was 0.16% Li2O, taken from close proximity to the known Snowshoe Pond Lithium Occurrence. However, 71 samples collected returned >0.01% Li2O, which is considered anomalous, and fall within the defined fractionation corridor which is believed to be the metasomatic alteration halo. All samples were analyzed at AGAT Laboratories in Calgary, AB using Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish (201-378).

AGAT Laboratories is accredited to ISO/IEC 17025:2017 standards and certified to ISO 9001:2015 standards. The Company will continue analysis of the field data collected which will be integrated with historical data sets to determine the next phase of follow-up work on the Property. The Property is located approximately 45km south of Millertown and consists of one mineral license covering an approximate area of 4,525 ha.

The mineral license is 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.