Mr. Andrew Lyons reports

FOREMOST LITHIUM RECEIVES WORK PERMIT TO COMMENCE A 3,000 METRE DRILL PROGRAM ON JEAN LAKE LITHIUM PROPERTY IN SNOW LAKE MANITOBA

Foremost Lithium Resource & Technology Ltd. has received a work permit from the mining permit office of the Manitoba government and has finalized plans to begin a 24-hole, 3,000-metre diamond drill program on its 100-per-cent-owned Jean Lake lithium project, located near the historic mining town of Snow Lake in west-central Manitoba, commencing on Dec. 2, 2022.

Highlights:

• The focus of this drill program will be beryl dike B1, which returned two grab samples assaying 3.89 per cent Li2O (lithium oxide) and 5.17 per cent Li2O, and beryl dike B2, which returned three grab samples assaying 3.81 per cent Li2O, 4.09 per cent Li2O and 4.74 per cent Li2O, in addition to linear UAV-assisted (unmanned aerial vehicle) magnetic trends overlain by soils with elevated lithium content.
• Compelling targets were developed by integrating results from drone magnetic surveys, prospecting/geological field observations assisted by lidar surveys and soil geochemical survey data.

The company has signed a drill contract with BRL Drilling Ltd. (Temagami, Ont.); air support, core storage and preparation facilities in Snow Lake will be provided by Gogal Air Services; drill pads will be cut by Moss Line Cutting Ltd. (Snow Lake); and field technical support will be provided by Golden Frost Exploration (Oakbank, Man).

The Jean Lake lithium property is located at the east end of the prolific Paleoproterozoic Flin Flon/Snow Lake greenstone belt. The Jean Lake property was first prospected in 1931 by Peter Kobar, who optioned the property to Sherritt Gordon Mines Ltd. (SGM). A 1942 exploration program by SGM consisted of 19 shallow drill holes, resulting in the discovery of three spodumene-bearing pegmatite dikes -- SGM-1, SGM-2 and SGM-3.

SGM-3, now referred to as the beryl dike, or B1, was rediscovered on the Jean Lake property in 2021 by prospecting beneath 80 years of organic and inorganic debris. Two rock samples from beryl dike B1 assayed 3.89 per cent Li2O and 5.17 per cent Li2O. A second nearby spodumene-bearing pegmatite named B2, also discovered by prospecting, gave assay results of 3.81 per cent Li2O, 4.09 per cent Li2O and 4.74 per cent Li2O in three rock samples (see Foremost Lithium's news release dated Oct. 17, 2022). Both B1 and B2 and linear UAV-assisted magnetic trends overlain by soils with elevated lithium contents are the focus of this drill program.

Mark Fedikow, vice-president of exploration, stated: "We are anxious to have the drills turning on Jean Lake to test our integrated targets consisting of the high-grade B1 and B2 pegmatite dikes and UAV-defined linear magnetic trends with coincident lithium soil geochemical anomalies. Our field crews have mobilized to the Jean Lake property in Snow Lake, where they are finalizing drill plans and drill site set-ups."

Technical information relating to the Jean Lake property contained in the news release has been approved by Lindsay Bottomer, PGeo, who is a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is a hard-rock exploration company strategically located to capitalize on world's growing EV (electric vehicle) appetite and is committed to being a premier supplier of North America's lithium feedstock. As the world transitions toward decarbonization, the company is focused on exploration and growth on its five Lithium Lane projects in Snow Lake, Man., and its Hidden Lake lithium project in the Northwest Territories. Foremost Lithium also has the Winston gold/silver property in New Mexico, United States.

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