Harfang Announces Its Summer Field Program on Its Gold and Lithium Properties, Eeyou Istchee James Bay, Québec - Seite 2

The planned field campaign is designed to generate additional drill targets and will focus on advancing the overall understanding of the geological model east of the Pierre monzonite and several other target areas. These areas include the Induced Polarization (“IP”) anomalies hosted in the Timiskaming-type conglomerate, the Greco gold showing adjacent to mining claims acquired last fall (1.04 g/t Au over 24.9 metres [channel]), and the 2022 discoveries such as the Oswald showing (up to 17.30 g/t Au, 217 g/t Ag and 0.61% Pb [grab samples] and up to 6.34 g/t Au, 60 g/t Ag and 0.09% Pb over 0.4 metres [channel]) and the ankerite zones (up to 2.87 g/t Au in grab samples) extending up to 700 metres long and 50 metres wide. This program will be enhanced by recent geophysical data from the IP survey and the detailed heliborne magnetic survey also flown over the contiguous Menarik East Property. Harfang has also designed a till survey to cover the eastern part of the Lake Menarik Property.

Lithium Exploration Program

Harfang will conduct a first-phase surface exploration program (prospecting, mapping, rock sampling) on its assets favourable for lithium occurrences. This program includes prospecting on the Serpent-Radisson and La Passe claims and on the new acquired Lemare, Ewart, Sakami, Ross and Conviac properties. These new assets were acquired by map designation following a recent geological compilation and a statistical processing of more than 13,400 analyses of lake bottom sediments extracted from the Québec government digital database (SIGEOM) (see news releases dated on January 19 and February 8, 2023). The main objective of this program is to find Lithium-Cesium-Tantalum Pegmatite (“LCT Pegmatite”) warranting more advanced exploration, including drilling. More detailed information is given below for Serpent-Radisson, Lemare and Lake Menarik properties.

Serpent-Radisson Property

In 2022, Harfang conducted a preliminary prospecting program in the southeastern portion of the Property, already known for its gold and copper occurrences, to assess the potential for LCT Pegmatite. The program quickly led to the discovery of several pegmatite dykes, some containing highly anomalous beryllium (up to 25,000 ppm), cesium (up to 998 ppm), lithium (up to 1,420 ppm), niobium (up to 278 ppm), rubidium (up to 1,095 ppm) and tantalum (up to 173 ppm). The program for Serpent-Radisson will mainly focus on the follow-up on these discoveries since the Company believes this area contains significant potential based on the presence of a fertile S-type granite located in the immediate area. In addition, the field crew will continue prospecting the Property for gold, particularly in a large sector where 65 soil samples (up to 2.27 g/t Au) defined a gold anomaly covering 2.2 km² (see news release dated October 5, 2022).