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CLM Intersects 1.18% Li2O over 4.00 m at Vallée East Project

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Executive Summary

Consolidated Lithium Metals Inc. has announced encouraging assay results from its spring 2024 diamond drilling program at the 100%-owned Vallée East Project in Ontario. The program successfully intersected 1.18% lithium oxide (Li2O) over 4.00 meters, representing a significant milestone for the property's development.

The drilling results confirm the presence of lithium-bearing pegmatites on the Vallée East property, validating the Company's geological model and exploration strategy. This intersection demonstrates meaningful lithium grades over economically relevant widths, suggesting the potential for further resource development on the property.

For the lithium sector, these results add to the growing inventory of lithium projects in Ontario, supporting Canada's position in the critical minerals supply chain. The confirmation of lithium-bearing pegmatites at Vallée East strengthens CLM's project portfolio and provides a foundation for future exploration and resource definition work.

The timing of these results aligns well with increasing demand for lithium as a critical battery metal, particularly as North American automakers seek secure domestic supply chains. CLM's success at Vallée East positions the company to potentially contribute to this strategic supply requirement while advancing its exploration portfolio in one of Canada's established mining jurisdictions.
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