Usha Resources Expands Strike of the White Willow Project to 44 Kilometres, Acquires Abiwin Pegmatite Group

VANCOUVER, BC / ACCESSWIRE / April 17, 2024 / Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company, is pleased to announce that, subject to the approval of the TSX Venture (the "Exchange"), the Company has executed an option (the "Option Agreement") for the right to purchase an undivided 100% interest in the Abiwin lithium pegmatite property (the "Property") comprised of 38 mineral claims to the northeast of its flagship White Willow Lithium Pegmatite Project ("White Willow" or the "Project") located 170 km west of Thunder Bay, Ontario.

Abiwin Property highlights:

• Preliminary prospecting resulted in the discovery of 29 pegmatite dykes
• Muscovite geochemistry in these pegmatites indicates a highly fractionated signature
• LIBS[i] analyses return up to 6,700 ppm rubidium (Rb) and a K/Rb ~13 (potassium/rubidium ratios); indicative of spodumene-subtype pegmatites
• Extends strike length of the White Willow LCT pegmatite field to ~44 kilometres
• Adds additional target pegmatites to the existing 10 targets identified for Usha's planned maiden drill program
• Hosts ultramafic "Quetico intrusions" from which historic assessment work reports up to 33 g/t Pt+Pd and 3% Cu in grab samples and up to 0.72% Zn over 2 metres in chip samples.

Deepak Varshney, CEO of Usha Resources, commented: "The Abiwin claims are an exciting addition to our growing portfolio of critical metal assets in Ontario, and the preliminary results from the pegmatites highlight the potential for new discoveries within this rapidly expanding White Willow LCT pegmatite district. The claims are located within an excellent setting for spodumene-type pegmatites, situated within the metasedimentary rocks of the Quetico subprovince and only 3 kilometres from the district-scale Quetico Fault and have a tremendous exploration upside for not only lithium, but a wide range of critical metals."

Mr. Varshney continued: "With almost 22,000 hectares now secured, Usha controls a significant portion of a new lithium district where we and many others have continued to find success. With Phase 4 of our field program underway, we look forward to sharing updates as we build-up to our maiden drill program at White Willow."

The Abiwin mining claims are geologically similar to the White Willow property and situated along trend from the Maple Leaf pegmatite, as well as the corridor of fractionated pegmatite identified on the White Willow property (Fig. 1; Usha Resources Press Release, Apr. 1, 2024). Preliminary mapping on the Abiwin claims documented 29 pegmatites dykes, and LIBS analyses of muscovite from these dykes returned up to 6,700 ppm Rb, 527 ppm Sn, and K/Rb ratios as low as 13, indicating a high degree of fractionation in the pegmatites[ii]. K/Rb is a key tool in identifying potentially spodumene-bearing dykes. Values below 30 are indicative of rare-earth pegmatites, 20 of spodumene-subtype pegmatites, and those below 10 are often associated with economic spodumene pegmatites.