Mr. J.C. St-Amour reports

IMAGINE LITHIUM COMMENCES 2023 DRILL CAMPAIGN AT JACKPOT LITHIUM PROJECT

Imagine Lithium Inc. has started its 2023 summer drill program at the Jackpot lithium project following the recent closing of a $9.1-million private placement (April 28, 2023, press release). The program will consist of a minimum of 10,000 metres of diamond drilling on the Jackpot lithium property. The Jackpot property is located within the rapidly emerging lithium camp in the Georgia Lake area, approximately 140 kilometres northeast of Thunder Bay, Ont.

The initial drill target is a newly identified lithium-bearing pegmatite that has been traced at surface for more than 500 metres of strike. This target has been sampled but not drilled to date and the company intends to drill a minimum of eight holes to confirm its depth and strike extension. Once complete, Imagine Lithium will focus on expansion of the Jackpot Main zone to the east, plus several new lithium-bearing pegmatite targets to the west, northwest and northeast, covering a trend of more than three km.

J.C. St-Amour, president of Imagine, commented: "With a bolstered treasury and great drill results from our winter program, I am excited to implement our extensive exploration plans on Jackpot; testing new lithium pegmatites that have not been drilled as well as expanding our Main zone at Jackpot. In addition to drilling, we have also deployed a team of geologists to prospect the entirety of the vast Jackpot land package."

Qualified person

The technical content of this news release was approved by Michel Boily, PhD, PGeo, an independent qualified person as defined by the National Instrument 43-101.

About Imagine Lithium Inc.

Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km north-northeast of Thunder Bay, Ont., which is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railways and ports. The property contains known lithium-bearing granitic pegmatite dikes, of which two provided estimated historical resources of two million tons at 1.09 per cent Li2O (lithium oxide) and 750,000 tons at 1.38 per cent Li2O.

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