Mr. David Grondin reports

AM RESOURCES COMPLETES COMPILATION WORK WITH THE DISCOVERY OF 94 NEW PEGMATITES FOR A TOTAL OF 281 PEGMATITES ON ITS 1,500 KM2 LAND PACKAGE IN AUSTRIA

AM Resources Corp. has completed the compilation of government data on its newly acquired 1,500-square-kilometre land package (see press release dated March 21, 2024) with the discovery of 94 new pegmatites. AM Resources has now identified a total of 281 pegmatites, consolidating its strategic position in one of Austria's most prospective lithium areas.

First group

The company has identified a pegmatite corridor comprising of 88 pegmatites with lengths varying from 40 metres to 1,200 metres. A total of 38 pegmatites are located within mica schists, a geological setting favourable for the presence of lithium-bearing minerals. The other pegmatites are hosted within lenticular pegmatoid gneiss, which is less favourable to the presence of lithium-bearing minerals.

Second group

An additional six pegmatites, with one reaching over 2,100 metres in length, were discovered. These pegmatites are located within mica schists, a geological setting favourable for the presence of lithium-bearing minerals.

David Grondin, chief executive officer of AM Resources, stated: "Through our compilation work, our technical team has identified 281 pegmatites, the longest of which exceeds two km in length. When we began our journey in Austria over a year ago, we were aware of the potential of the Austrian pegmatite belt. However these discoveries are beyond our expectations. This preliminary assessment of our new land package is extremely exciting and we look forward to a summer exploration and sampling campaign that will target each of these pegmatites."

Location, location, location

As previously reported, the AM Resources team has been actively assembling a massive prospective land package with four key elements at the core of its strategy: proven geology, proximity to key markets, historical expertise and a clear, proven mining code. AM Resources' Austrian properties are located within 620 km of 14 planned battery plants and have direct access to an extensive rail system.

Qualified person

Technical information related in this news release has been reviewed and verified by Jean Lafleur, PGeo, of PJLEXPL Inc., a registered geologist with the Ordre des Geologues du Quebec (OGQ No. 833) and a qualified person (QP) as defined by National Instrument 43-101. Mr. Lafleur 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 dynamic junior mining company focused on the exploration and development of high-potential pegmatite deposits. With a strategic portfolio of assets and a commitment to responsible resource development, the company is dedicated to creating long-term value for its stakeholders while adhering to the highest standards of corporate governance and sustainability.