Mr. Jason Barnard reports

FOREMOST LITHIUM APPOINTS SEASONED FINANCIAL EXECUTIVE SEAD HAMZAGIC AS CHIEF FINANCIAL OFFICER

Foremost Lithium Resource & Technology Ltd. has appointed Sead Hamzagic, CPA, CGA, a seasoned finance and accounting executive, as chief financial officer and corporate secretary.

Mr. Hamzagic is a chartered professional accountant, certified general accountant, and has over 37 years of public practice accounting and financial management experience as a director and/or chief financial officer with multiple public companies listed on Nasdaq, the TSX Venture Exchange and the Canadian Securities Exchange -- with a particular emphasis on natural resource and mining companies. His experience includes initial public offerings, reverse takeovers and plans of arrangements. Since 2008, he has led his own accounting and consulting practice, providing a full complement of financial services to public and private companies. Mr. Hamzagic has served in several diverse industries as chief financial officer, including Wealth Minerals Ltd., a mineral resource company with lithium projects in Chile, Cobra Venture Corp., World Copper Ltd., GoldHaven Resources Corp., Gelum Resources Ltd., Canadian Spirit Resources Inc. and Magnum Goldcorp Inc. Mr. Hamzagic was the CFO at Northstar Clean Technologies Inc., where he was instrumental in bringing the company public on a $12.2-million initial public offering, amongst others.

As chief financial officer of Foremost Lithium, Mr. Hamzagic will provide financial leadership to assist in building on the company's goal of delivering value to its shareholders through the development of its Lithium Lane properties. His experience in risk management, corporate strategic development, system implementation, regulatory compliance, financial reporting, internal controls and tax will prove invaluable toward strengthening the company's financial capabilities.

"On behalf of our board and management team, I would like to welcome Sead to the position -- we are privileged to have someone of his calibre and financial skill set serve as our CFO," said Jason Barnard, president and chief executive officer of Foremost Lithium. "I would also like to thank Bal Bhullar for her contributions as the company's most recent CFO in leading us to this point in our growth trajectory, and welcome Sead's proven capabilities in scaling natural resource and mining companies. His achievements and expertise in financial management of listed companies will help to ensure we are well positioned to execute on our goal to deliver sustainable, long-term value to my fellow shareholders."

Mr. Hamzagic added: "I am thrilled to be appointed as CFO of such a dynamic company at an exciting inflection point, facing a robust set of catalysts further supported by near-term drilling programs. I look forward to working with Jason, the senior leadership team and the board as we continue to execute on our strategic and financial objectives."

In connection with Mr. Hamzagic's appointment, the company has now granted him a fully vested stock option to purchase an aggregate of up to 20,000 common shares of the company at an exercise price of $3.98 per common share, expiring five years from the date of grant. The stock option is granted in accordance with the company's current stock incentive plan and the policies of the Canadian Securities Exchange.

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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