Mr. Harry Chew reports

ARCTIC FOX PHASE 2 EXPLORATION PROGRAM RESULTS AT PONTAX NORTH

Arctic Fox Lithium Corp. has received assay results for its phase 2 exploration program from ALS Laboratory in Val d'Or, Que. As previously announced on Oct. 30, 2024 the phase 2 exploration program lasted nine days in total and consisted of controlled blasting in three areas of interest. A map in the original version of this news release shows the three areas of interest along with six primary targets that underwent controlled dynamite blasting to expose fresh rock for description and assaying. The geological team collected 18 samples, three from each of the six primary targets. The final assay results received from ALS Laboratory in Val d'Or, Que., indicate that all 18 samples collected were marginally anomalous for lithium (Li). However with the lithium market in general being quite depressed the values indicated are not conducive for the company to continue further exploratory work at this time.

Harry Chew, chief executive officer of Arctic Fox, commented: "Our phase 2 exploration results have highlighted some marginally anomalous results for lithium and other strategic minerals on the Pontax North property. We have gained a lot of information from our phase 2 exploration program however with the current state of the lithium market the company will have to assess its current position and explore its options including adding other properties or assets to its portfolio to create shareholder value."

About Arctic Fox Lithium Corp.

Arctic Fox Lithium is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery metals, base metals and precious metals.

The company's 2,756-hectare Pontax North lithium project is located 12 kilometres south of Allkem Ltd.'s James Bay lithium project and 12 kilometres north of Stria Lithium Inc.'s Pontax lithium project, located in Northern Quebec, approximately 130 kilometres east of James Bay and the Cree Nation's Eastmain community.

The northern portion of Pontax North contains a lithium prospective zone in a similar geological environment to Allkem's project. According to the Quebec Ministere de l'Energie et des Ressources Naturelles (MERN), the Causabiscau suite is characterized by the abundance of S-type pegmatitic granite intrusions, a lithology known for its beryllium, lithium, cesium, niobium and tantalum potential. Beryl (a beryllium silicate mineral) is reported in several outcrops within this zone. The property is known to contain a 10-kilometre-long pegmatite trend as mapped by MERN. This trend appears to be underexplored despite its recognized lithium potential. Swarms of lithium-bearing granitic dikes are present 12 kilometres north of the property at Allkem's Cyr deposit and at Stria Lithium's Pontax deposit 12 kilometres to the south.

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