Mr. Peter Clausi reports

CBLT BEGINS WORK AT SHATFORD LAKE (LITHIUM)

CBLT Inc. has begun its summer 2023 work program at Shatford Lake, in the Bird River pegmatite field near the lithium-producing Tanco mine in southeast Manitoba. Pegmatite occurrences thus far sampled by CBLT at Shatford Lake contain anomalous tin, tantalum and rubidium with local anomalous lithium. CBLT is highly encouraged by these multielement anomalies, which management believes to be indicative of a LCT-type (lithium, cesium, tantalum) pegmatite.

CBLT recognizes the significance and importance of Sagkeeng First Nation's traditional land rights in the area, and openly welcomes continued engagement with the Sagkeeng chief and council. CBLT has collaborated with the Province of Manitoba's Agriculture and Resource Development and the University of Manitoba to co-ordinate other geoscientific assistance, with assistance procured from a PhD-level program graduate.

This summer's work program is intended to consist of further mapping and sampling of the pegmatites at Shatford Lake.

CBLT also advises it intends to carry out work on at least two of its other properties this summer, and intends to continue with merger and acquisition activity as opportunities present themselves.

We seek Safe Harbor.