Vital Battery Metals Adds to Lithium Portfolio with Acquisition of Dickson Lake Lithium Project

The Dickson Lake Lithium Project is neighboring to a Brunswick Exploration Lithium Project, is 51km ESE of Imagine Lithium’s Jackpot Deposit and is 64km ESE of Rock Tech’s Georgia Lake Deposit

VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) --

Highlights:

• Neighboring to Rock Tech Lithium’s Georgia Lake Project, which has an indicated & inferred mineral resource of 14.8MT of Li₂O⁽¹⁾.
• Neighboring Imagine Lithium’s Jackpot Deposit, which has a historical resource of 2 MT of Li₂O and is currently being drilled for additional lithium targets⁽²⁾.
• There are 25 mapped pegmatite outcrops on the Project which have not been thoroughly tested for LCT (lithium, cesium and tantalum) mineralization.
• Mapped pegmatites on the Project are hosted in metasedimentary migmatites/paragneisses and within felsic intrusives. This is a similar geological environment to other LCT pegmatite discoveries in the Quetico subprovince (Lowther, Georgia Lake)⁽³⁾.
• Lake sediment anomalies (Lithium/Cesium) in the northeast part of the Project indicate the potential for LCT mineralization.
• Located 50km north of Terrace Bay, Ontario, accessible via Wintering Road and a network of logging roads.

Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM |OTC: VBAMF | FRA: C0O) is pleased to announce it has increased its presence in the lithium market by acquiring, for the cost of staking, the Dickson Lake Lithium Project (“Dickson” or the “Project”). The Project consists of 464 single-cell mining claims covering approximately 9,780 hectares and is near Imagine Lithium and Georgia Lake Lithium Deposits. With the recent acquisitions of Dickson and the Schofield Lithium Project, the Company now owns over 18,000 hectares of prospective lithium properties in Northern Ontario.

Chief Executive Officer of Vital, Adrian Lamoureux, comments, “We are very proud to add the Dickson Lake Lithium Project to our portfolio. We believe that the Project ticks a lot of boxes in terms of cost, location, mapped pegmatites, road access, geological environment, and geochemical signatures. We are especially proud that in the past two weeks we have been able to acquire over 18,000 hectares of prospective lithium properties near companies such as Brunswick Exploration, Imagine Lithium and Rock Tech Lithium without added dilution. We intend to continue to build a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders. We look forward to providing shareholders with a detailed initial work plan in the coming weeks.”