Targa Exploration Corp. announced details for its summer 2024 exploration programs. The Company and its contractors will be conducting field work across the Targa's portfolio of gold and lithium assets in Canada, with work scheduled to begin in May 2024. Opinaca Exploration Program: Work during summer of 2024 at the Opinaca project in Quebec will take place in two phases, with the team at Kenorland Minerals acting as project operators.

The primary goals of the program are to narrow down the search area of the possible bedrock source locations in Phase 1 and to identify potential drill targets during Phase 2. Phase 1: Beginning in June 2024, the first phase of work will consist of collecting approximately 2,000 till samples, continuing the 2023 sample grid program up-ice (east-northeast) from the gold and lithium anomalies discovered last year. Samples will continue to be taken 150m apart along lines with a 1km spacing. Targa's in-house technical team will also be in the field during till sampling to prospect for boulders and outcrop up-ice from the anomalies and in the vicinity of peraluminous pegmatites discovered last year.

Phase 1 is expected to take approximately 2-3 weeks. Phase 2: Scheduled for the second half of August 2024, the second phase of work will consist of infill till sampling at a 150m by 250m spacing in the areas identified in Phase 1 as the heads of the till trains. More detailed mapping and outcrop prospecting will continue in these areas with a goal of defining a possible bedrock source for both the orogenic gold and lithium pegmatite targets.

Saskatchewan Exploration Programs: White Metal Uranium/Lithium Project: Located northwest of the town of Stony Rapids, work at White Metal will consist of a radiometric survey in the spring to identify potential uranium targets across the property. Follow up work on the ground is scheduled for July/August 2024. Historic work on the adjacent Fontaine Lake project owned by Fulcrum Metals has returned multiple surface samples over 1% U3O8 (source: Fulcrum Metals website).

Targa's geology team will also be following up on pegmatites noted in historic work on the White Metal project with anomalous lithium values to assess the potential for LCT-type pegmatites on the property. Prince Albert Lake Project: Located northeast of the town of Stony Rapids, the project sits approximately 4km northeast of a high-grade lithium boulder discovered in 2004, a sample of which returned 3470ppm Li, 3380ppm Rb and 530ppm Cs (Saskatchewan Mineral Deposit Index #3176). In addition to the presence of lithium- enriched boulders in the area, a lake sediment sample with an anomalous cesium value sits within the Prince Albert Project.

Targa's geology team will spend several days boulder prospecting and mapping along a metavolcanic/metasedimentary belt that runs through the middle of the project to look for possible boulders coming from LCT-type pegmatites. Ontario Exploration Program: The Company's geology team will be conducting prospecting and sampling activities on all five of Targa's Ontario mineral properties in May 2024. At the Slim Jim property, which was expanded to 11,560ha last year, the ground crew will be following up on samples taken in 2023 from peraluminous pegmatites, including one which returned >2,500ppm Nb.

The team will also be investigating areas further to the east within the project boundaries via helicopter that were not accessible by road last year. This area has multiple small lakes with sediment samples carrying elevated lithium, cesium, rubidium, and tantalum values and is within several kilometers of a peraluminous granitic intrusion. Work at Sky Lake will include follow up sampling on peraluminous pegmatites containing beryl, tourmaline, and columbite identified during the 2023 season.

Targa and its project operators actively engage and consult with local communities and First Nations in all of the Company's project areas prior to the commencement of field activities.