Foremost Lithium Announces Winter Drilling Plans on Its Jean Lake Lithium/Gold Property

• Target includes the B-1 spodumene bearing pegmatite dyke along strike towards the B-2 and B-3 pegmatites extending the mineralization laterally
• Potential for additional gold mineralization at depth will be targeted based on previous drill results of 7.50 g/t Au over 7.66 metres from 94.35 - 102.01 metres (including 102.0 g/t Au over 0.48 metres from 94.77 - 95.25 metres

VANCOUVER, British Columbia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to announce today its drilling plans for its Jean Lake Lithium/Gold Property located near the historic mining centre of Snow Lake in Manitoba. The Company is completing plans in preparation for a 15-hole, 2,500-metre diamond drill winter program including submitting a work permit at the Manitoba Mines Branch.

Figure 1. Map of Jean Lake’s B1,B2 and B3 Spodumene Bearing Pegmatites

“Gold has hit an all-time high this month. This Jean Lake property has an added benefit of previous gold and lithium discoveries, which provides us an opportune position to be able to move forward to explore both batteries and precious metals with the drill," commented Jason Barnard, Chief Executive Officer and President of Foremost Lithium. "We have some phenomenal, long-standing vendors, who in support of our project, have offered to fund our drill programs in way of a credit finance, if we so desire. We are fortunate to be in a position where our exploration partners feel such confidence in our Company and our assets, to provide us with such a commitment. Foremost is looking forward to this drill season and increasing value for our company and shareholders.”

Lithium

Foremost will commence the drilling program in the beginning of Q1 in 2024 and is targeting the B-1 spodumene bearing pegmatite dyke along strike towards the B-2 and B-3 pegmatites to extend the mineralization laterally and down plunge. It is the Company’s goal to develop a better understanding of the spodumene-bearing pegmatite emplacement mechanisms at Jean Lake. Foremost’s drill program, combined with field observations, have indicated that B-1 and B-2 could be one spodumene-bearing pegmatite with a minimum length of 325 metres. Previous drilling, just north of the B1 pegmatite, intersected a 3.35 metre zone of spodumene mineralization between surface and 3.35 metres, assaying 1.26% Li2O (Foremost news release June 6, 2023).