AM Resources Identifies 49 New Pegmatites on its Significant Land Package in the Austrian Pegmatite Belt

• Recently announced 1,500 km² land package gives AM Resources control over a large area of the Austrian Pegmatite Belt (see press release dated March 21, 2024).
  
• Land package also includes the Valerie Property, where 27 pegmatites have been identified over an area of 7.2 km², and the Emilia Property, where 22 pegmatites have been identified over an area of 5.12 km².
• AM Resources properties are located within a 620 km radius of 14 battery plants.
  

MONTREAL, March 28, 2024 (GLOBE NEWSWIRE) -- AM Resources Corporation (“AM Resources” or the “Company”) (TSXV: AMR) (Frankfurt: 76A), a dynamic junior mining company focused on the exploration and development of high-potential pegmatite lithium deposits, is pleased to announce the discovery of 49 new pegmatites within an area of 12,32 km². These pegmatites consolidate the Company’s strategic position in one of Austria’s most prospective lithium areas.

AM Resources’ 1,500 km² land package

Valerie Property
Located just 1 km southwest of the Frederick property, the Valerie property hosts 27 pegmatites over an area of 7.2 km². The average pegmatite length is 203 metres and the longest one measures 447 metres.

Emilia Property
Located 8 km southwest of the Frederick property, the 5.12 km² Emilia property hosts 22 pegmatites with the longest pegmatite measuring 505 metres long and 110 metres wide, showcasing the large scale potential of the Austrian Pegmatite Belt.

Total length of pegmatites – a marker of potential
The cumulative length of pegmatites across the Valerie and Emilia properties amounts to 8 km, indicative of the substantial prospective lithium opportunity at hand.

David Grondin, CEO of AM Resources commented: “The added strategic value of our Emilia and Valerie properties cannot be overstated, with 8 km of pegmatite bodies to explore. Combined with the 112 pegmatites on the Frederick property, we could not be more excited to begin our exploration campaign.”

“In terms of logistics, we have the strong advantage of having our technical team, led by Julien Desrosiers, our COO Europe, all based in Europe, which will have a positive impact on costs and acquisition opportunities. In addition, our team has a strong understanding of the permitting and regulatory process in Austria and has access to the necessary resources and equipment to explore and develop our projects,” added Mr. Grondin.