Discovery Lithium Provides Corporate Update

Company Has Commenced Phase I Fieldwork in Nunavik

VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: OJ5) (the “Company,” or “Discovery Lithium”), formerly “ISM Resources Corp.” advises that subsequent to its recent name change, the Company is pleased to announce the launch of its corporate website at www.discoverylithium.com and provides the following corporate update.

Highlights

• Lithium prospects developed by globally recognized prospector, Shawn Ryan.
• Shawn Ryan serves Discovery Lithium as regional advisor and project proponent.
• Massive land holdings (approximately totalling 406,000 acres) in underexplored region.
• Provincial lake sediment database shows consistent high levels of cesium and lithium.
• Phase 1 fieldwork commenced mid-summer and currently underway.
• Provincial Société du Plan Nord mandates energy & mineral resource investment.

Company President & CEO Michael Gheyle states, “We are thrilled to be working with Shawn Ryan and have further engaged the professional services of Ground Truth Exploration who have been in the field for several weeks traversing, mapping, and sampling our holdings using state-of-the-art portable technologies. This initial assessment is focused on generating future drill targets which we anticipate commencing during the early fall season. This is an exciting region with some extraordinary data pointing us forward. While we have a lot of ground to cover and work to undertake, the plan Shawn has helped us formulate allows us to move in a timely and efficient manner. We anticipate some interesting updates in the very near future and we are fully committed to developing investor interest and shareholder value in this exciting region.”

The Company is currently focused on executing exploration activities at two claim areas of northern Quebec that have not previously been explored for lithium. The properties consist of the Serindac Lake claims group in the Leaf River project area comprising 1,649 mineral claims covering approximately 75,256 hectares of land, and the Vaubert Lake claims group in the Raglan South project area comprising 2,114 mineral claims across nearly 89,027 hectares. Both claim group areas are located in the Nunavik region of northern Quebec. The Nunavik region has seen very little exploration for lithium and rare-element pegmatites to-date.