Mr. Jason Barnard reports

FOREMOST LITHIUM ANNOUNCES A 7,500 METRE WINTER DRILL PROGRAM ON ITS ZORO LITHIUM PROPERTY

Foremost Lithium Resource & Technology Ltd. has released drilling plans for its Zoro lithium property located near the historic mining centre of Snow Lake in Manitoba. The company is completing plans in preparation of a 30-hole, 7,500-metre diamond drill winter program including submitting work permits at the Manitoba Mines Branch. The drill program on the Zoro property will be in addition to the company's recently announced 2,500-metre diamond drill program on its Jean Lake lithium/gold property located in the same mining centre. Drilling on both properties will total 10,000 metres.

Foremost Lithium's Zoro and Jean Lake properties share contiguous borders with Snow Lake Lithium's Thompson Brothers and Grass River properties, which are disclosed as having an aggregate measured, indicated and inferred resource estimate of approximately 8.2 million tonnes of 1 per cent lithium oxide. The Zoro property is directly adjacent to the Thompson Brother's (TB) lithium trend, known for hosting several lithium enriched occurrences. The Zoro property is also adjacent to the Crowduck Bay fault which is a significant regional focus for the development of lithium-enriched pegmatite clusters.

Jason Barnard, chief executive officer and president of Foremost Lithium, comments: "This is the most aggressive drill program our company has embarked on to date. With the most recent announcement of drilling on our Jean Lake lithium/gold property, we will be running two winter drill programs on two different projects for a combined 10,000 metres of drilling this winter. We are pleased to be working our first drill program with Dahrouge and feel confident that we will be able to optimize our resource potential on both our Zoro and Jean Lake properties to increase shareholder value."

Dike 1

Drilling at the Zoro property will focus on dike 1, which partially outcrops at surface and hosts an inferred resource from a single high-grade lithium bearing spodumene pegmatite of 1,074,567 tons at a grade of 0.91 per cent Li2O, with a cut-off of 0.3 per cent, as set forth in the company's filed SK-1300 technical report summary (2023) and National Instrument 43-101 technical report (2018). Mineralization is defined for 265 metres along strike and to a depth of 265 metres and attains widths of up to 40 metres. Dike 1 has not been drilled since 2018 and is open along strike and at depth providing excellent potential for further resource development.

Dahrouge Geological Consulting (DGC) conducted a summer exploration program with the goal of collecting surficial structural data to aid in drill targeting while also verifying the presence of spodumene-mineralized pegmatite on surface at dike 1. DGC plans to further investigate the spodumene-bearing pegmatites on dikes 8, 3 and 16 with this drill program.

Dike 8

Dike 8 has been previously intersected by eight holes (total of 98.25 metres), intersecting high-grade lithium in 36.5 metres of spodumene-bearing pegmatite, including 12.3 metres of 1.1 per cent Li2O, 4.4 metres of 1.2 per cent Li2O and 2.2 metres of 1.5 per cent Li2O. This dike has been defined over 120 metres in length, five to 15 metres in width, has been drilled to a depth of 157 metres and remains open in all directions. Dike 3 is also open in all directions and further drill testing will be performed to confirm the relationship between dike 8 and dike 3.

DGC is currently finalizing all details of the Zoro property winter drill program, including securing all vendors and facilities. Drilling is expected to commence in the first quarter of 2024 and Foremost will provide additional updates in in due course.

Qualified person

Technical information in this news release has been reviewed and approved by Dr. Mark Fedikow, PGeo, who is a qualified person as identified by Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects and as defined by the Securities and Exchange Commission's S-K 1300 rules for mineral deposit disclosure.

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is a hard-rock lithium exploration company focused on empowering the North American clean energy economy. Foremost's strategically located lithium properties extend over 43,000 acres in Snow Lake, Man., and hosts a property in a known active lithium camp situated on over 11,400 acres in Quebec called Lac Simard South.

Foremost's four flagship Lithium Lane projects as well as its Lac Simard South project are located at the tip of the NAFTA superhighway to capitalize on the world's growing electric vehicle appetite, strongly positioning the company to become a premier supplier of North America's lithium feedstock. As the world transitions toward decarbonization, the company's objective is the extraction of lithium oxide (Li2O), and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH) to help power lithium-based batteries, critical in developing a clean-energy economy.

Foremost Lithium also has the Winston gold/silver property in New Mexico, United States.

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