Mr. Jason Barnard reports

FOREMOST LITHIUM RECEIVES MULTI-YEAR WORK PERMIT TO COMMENCE DRILLING ON ITS JEAN LAKE LITHIUM/GOLD PROPERTY

Foremost Lithium Resource & Technology Ltd. has received a multiyear work permit for its Jean Lake lithium/gold project from the Mining Permit Office of the Manitoba government, valid until April 30, 2026. This permit will enable the company to streamline the administrative processes involved with future exploration on the property and to understand the potential long-term impacts of the property while minimizing any potential work disruptions in a safer, more cost-effective approach.

Foremost has finalized plans to begin a 15-hole, 2,500-metre diamond drill program on its Jean Lake lithium/gold project located near the historic mining centre of Snow Lake in Manitoba commencing next month. The company has signed a drill contract with Rodren Drilling Ltd. (Winnipeg, Man.). Gogal Air Services will provide the air support, core storage and preparation facilities in Snow Lake, with drill pads to be cut by Moss Line Cutting Ltd. (Snow Lake, Man.). Field and technical support for the drilling program will be provided by Dahrouge Geological Consulting (Edmonton, Alta.).

Foremost Lithium's chief executive officer and president, Jason Barnard, stated: "Crews have begun mobilizing to Snow Lake, Man., in preparation for the winter drill season. The multiyear permit allows our company the flexibility to optimize our future work on the property, which is critical as we seek to rapidly advance our resource development. This is paramount to unlocking the potential of the Jean Lake property and creating sustainable, long-term shareholder value."

The 15-hole program will be targeting the northeast section of the property, which hosts the B-1 and B-2 spodumene-bearing pegmatite dike. Previous drilling just north of the B1 pegmatite intersected a 3.35-metre zone of spodumene mineralization between surface and 3.35 metres, assaying 1.26 per cent lithium oxide as well as 7.50 grams per tonne gold over 7.66 metres from 94.35 metres to 102.01 metres (including 102.0 grams per tonne gold over 0.48 metre from 94.77 metres to 95.25 metres).

Drilling will focus on extending mineralization laterally and at depth to develop a better understanding of the spodumene-bearing pegmatite emplacement mechanisms at Jean Lake. Drilling will also follow up on favourable gold intercepts discovered during the 2023 Jean Lake drill program with the intent of establishing the extent of the gold mineralization.

Qualified person

Technical information in this news release has been reviewed and approved by Lindsay Bottomer, PGeo, who is a qualified person as identified by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and as defined by the U.S. 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 (North American free-trade agreement) superhighway to capitalize on the world's growing EV (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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