Volt Lithium Corp. announce the summary results from the Company's Preliminary Economic Assessment ("PEA") for the Rainbow Lake Lithium Project (the "Rainbow Lake Project"), a lithium brine project in northwest Alberta, Canada, where the Company owns lithium rights across 430,000 acres of land. The PEA outlines the estimated production scaling from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate ("lithium hydroxide" or "LHM") over a 19- year period. Volt will target production growth in three phases: Phase 1: Production is targeted at 1,000 tonnes per annum ("tpa") focused on the Muskeg formation with an average lithium grade of 92 mg/L. Phase 2: Volt intends to expand production to 5,000 tpa of LHM primarily focused on the Muskeg formation. Phase 3: Volt intends to expand production to an average of approximately 23,000 tpa of
LHM focused on the Muskeg and Keg River formations. During the production ramp-up, Volt will maintain an ongoing exploration program to further its understanding of the reservoirs in the Rainbow Lake Area with the goal of targeting lithium production from brines in the Muskeg and Keg River formations offering the highest lithium concentrations.