Grid Metals Submits Advanced Exploration Permit for Donner Lake Lithium Project

TORONTO, ON / ACCESSWIRE / August 2, 2023 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce that it has submitted an Advanced Exploration Permit ("AEP") to the Province of Manitoba for its 75% owned Donner Lake Lithium Property located in southeastern Manitoba, Canada. The AEP will enable certain site infrastructure to be constructed and the extraction of up to a 50,000-tonne bulk sample for metallurgical testwork. The permit has been submitted with the support of the Sagkeeng First Nation in whose Traditional Territory the project is located.

About the Advanced Exploration Permit (AEP)
On July 18, 2023, Grid announced a maiden NI 43-101 compliant resource estimate completed of 6.81 million tonnes grading 1.39% Li₂O (Inferred) from Donner Lake and the lease of the True North Gold mill as a processing facility for the resource. Grid also has a MOU with the nearby Tanco Mine to process Donner Lake ore via a toll milling agreement. The Advanced Exploration Permit, if approved by the Province, will authorize the upgrading and installation of site infrastructure to allow the extraction of material from Donner Lake to be tested for processing to a marketable lithium bearing spodumene concentrate. Results from the test work will be incorporated into an economic study to be completed in support of a mining permit application for Donner Lake.

Support of Sagkeeng First Nation
Grid currently has an Exploration Agreement in place with the Sagkeeng First Nation in whose unsurrendered Traditional and Ancestral Territory the Donner Lake Project is located. The AEP has been reviewed by the Sagkeeng First Nation and their environmental consultants, and the recommendations from the Sagkeeng permit review have been incorporated into the AEP. These recommendations refer primarily to environmental monitoring, wildlife and habitat monitoring, and reclamation.

Sagkeeng First Nation Chief E.J. Fontaine noted that the "Sagkeeng Chief and Council appreciate the collaborative efforts of Grid Metals to date and are pleased to support the submission of the Advanced Exploration Permit for the Donner Lake Lithium Property which is located in our Traditional Territory. The efforts by Grid to ensure its project respects and protects our rights and the environment have been commendable, and are an example for the mineral exploration industry in Manitoba."