Mr. David Grondin reports

AM RESOURCES REPORTS NEW SPODUMENE-BEARING PEGMATITES ON ITS LITHIUM PROPERTIES IN AUSTRIA

AM Resources Corp. has discovered new spodumene-bearing pegmatites at its 100-per-cent-owned Sankt Rad, East Wolf and Legend lithium projects in Austria. AM Resources also announces the acquisition of the Stall project in Austria.

• Three hundred twelve pegmatite grab samples will be submitted for assay and geochemical analysis to better understand the rock formations.
• Ten spodumene-bearing pegmatite grab samples collected and will be submitted for assay and geochemical analysis.
• Acquisition of Stall project in new highly prospective lithium and tungsten area.

Sankt Rad project

Preliminary exploration work on the Sankt Rad project covered approximately 23.5 square kilometres and involved visiting 14 locations with pegmatite bodies, including in situ outcrops and boulders. Various types of locations were explored, ranging from areas near roads, road cuts and hiking trails, to animal trails.

The exploration team identified several types of pegmatites, including simple pegmatites, evolved pegmatites and albite-spodumene pegmatites, suggesting a diverse geological composition in the area. Mineralogical zoning was observed in the spodumene-bearing pegmatites, with a predominance of green-coloured spodumene, though beige specimens were also encountered. The presence of minerals like spodumene within the albite-spodumene pegmatites warrants further exploration.

The corporation also collected a total of 229 pegmatite grab samples and six spodumene-bearing pegmatite grab samples on the Sankt Rad project, which will be submitted for assay and geochemical analysis.

East Wolf and Legend projects

Preliminary exploration work on the East Wolf and Legend projects covered an area of approximately 15 square km each. Both properties have shown similarities in their geological structures. Predominantly in situ pegmatite bodies and boulders of various sizes were discovered during the exploration program. The mineralogical composition of these bodies includes quartz, feldspar, mica, biotite, tourmaline, garnet and, in some cases, spodumene, hosted in mica schist and amphibolite.

An in situ pegmatite body with dimensions of three metres in width and length was observed, embedded in micaceous schist, containing spodumene. No previously documented mineral occurrences by the Austrian government were identified in the vicinity, highlighting the novelty of this discovery. Spodumene pegmatites were found close to the contact zone with the host rock, primarily micaceous schist, with occasional occurrences of amphibolite.

Over all, the information obtained suggests that the East Wolf and Legend areas hold significant promise for mineral exploration, particularly for spodumene-bearing pegmatites, and warrant further investigation to fully understand their exploration potential.

The corporation also collected a total of 32 pegmatite grab samples and four spodumene-bearing pegmatite grab samples from the East Wolf project, and 51 pegmatite grab samples from the Legend project, which will be submitted for assay and geochemical analysis.

Stall project

The Stall property comprised 19 claims that have been acquired by AM Resources in November, 2023, by way of staking.

Following extensive research efforts, AM Resources has not conducted any work program on this property yet, but historical drilling has identified the presence of pegmatite bodies bearing spodumene. In addition to spodumene-bearing pegmatites, the Stall claims also host a historical tungsten showing and a former artisanal tungsten underground access.

Tungsten occurrences alongside lithium-bearing pegmatites is of particular importance due to its geological association. Tungsten is commonly found in close proximity to pegmatite bodies in Europe, serving as a reliable indicator of the mineralized nature of the surrounding geological formations. As such, the identification of tungsten in the Stall region strengthens the prospectivity of the area for hosting lithium deposits as confirmed by historical drilling. Tungsten, a critical metal with applications in manufacturing, aerospace and defence industries, further enhances the potential of the Stall project.

The corporation is looking forward to conducting their first exploration program this summer on this new promising property.

Qualified person

Technical information related in this news release has been reviewed and verified by Vladislav Trashliev, Minex GmbH, Austria, who is a registered geologist with the South African Council for Natural Scientific Professions (SACNASP), membership No. 400305/07, a recognized professional organization (RPO), and is a qualified person (QP) as defined by National Instrument 43-101. Mr. Trashliev is independent from the company and has reviewed and approved the disclosure of the AM Resources geological information.

About AM Resources Corp.

AM Resources is a mining exploration company focused on the acquisition and exploration of lithium projects in Austria. The corporation also holds interests in coal and natural bitumen projects in Colombia.