Spearmint Resources Inc. announced that the maiden drill program on the Goose Gold Project in Newfoundland is expected to begin within the next two weeks. The 100% owned "Goose Gold Project" directly borders New Found Gold Corp.'s Queensway project in Newfoundland. On June 22, 2022, Planet X Exploration Services Ltd. was engaged by Spearmint to oversee all aspects of this maiden drill campaign.

On June 24, 2022, the Company received the drill permit from the Government of Newfoundland and Labrador Mineral Lands Division to conduct the maiden exploration drill program. On July 8, 2022, Spearmint hired Forage Fusion Drilling Ltd. as the driller for the maiden exploration drill program. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the company's properties.

On June 17, 2022, the Company announced that it has received the updated Technical Report and Mineral Resource estimate for the 100-per-cent-owned McGee Lithium Clay Deposit in Clayton Valley, Nevada. The Technical Report included an updated Mineral Resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the maiden resource estimate announced on June 11, 2021. The Technical Report and Mineral Resource Estimate was prepared by Derek Loveday, P.Geo.

and Mariea Kartick, P.Geo. of Stantec Consulting Services Ltd. ("Stantec") in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and were reported in accordance with the Canadian Securities Administrators NI 43-101.