Mr. Dale Ginn reports

LITHIUM ONE CONFIRMS ANOMALOUS VALUES AT CYR-KAPIWAK PROPERTY

Lithium One Metals Inc. has released results from reconnaissance exploration on the Cyr-Kapiwak property located in the Eeyou Istchee James Bay region, Quebec. Initial sampling returned anomalous lithium, cesium, rubidium and tantalum. Samples were collected from both boulders and outcrops. Further exploration is planned to investigate anomalies in outcrop and trace boulder sources.

Highlights:

• LCT (lithium, cesium, tantalum) pegmatite boulders on Cyr-Kapiwak: New pegmatite boulders with up to 0.64 per cent Li2O (lithium oxide) have been identified to the southeast of previously mapped boulder locations with sampling values of 2.91 per cent Li2O and 1.97 per cent Li2O. This extends the boulder field by 500 metres from known occurrences and highlights the underexplored nature of this area. The newest samples are 3.5 kilometres to the southwest of the James Bay lithium deposit, which has an updated resource of 110.2 million tonnes (Mt) at 1.30 per cent Li2O. Results highlights are listed in the tables entitled "2023 Results highlights from the Cyr-Kapiwak property" and "Previous results highlights from the Cyr-Kapiwak property."
• Anomalous values found in outcrop: Elevated cesium, rubidium and tantalum have been identified in pegmatite outcrop on the southeastern claim group. This represents a new zone of prospectivity which requires further exploration.
• Follow-up program planned: Shallow glacial till obscures the majority of the project area, it is proposed that geophysics and till sampling will be utilized to target buried pegmatites which are interpreted to be the source of these spodumene-bearing boulders prior to drill testing.

Results discussion

Two of the 23 samples collected on the Cyr-Kapiwak property returned elevated lithium values, with 0.64 per cent Li2O in sample 74903 and 0.60 per cent Li2O in sample 74904. These samples were collected in spodumene-bearing pegmatite boulders at the northeastern claim group. Sampling in 2023 confirmed previous results collected in the area and identified new boulders up to 500 m from known occurrences.

Additionally, two outcrop samples from the southeastern claim group returned anomalous amounts of cesium (Cs), rubidium (Rb) or tantalum (Ta). These results highlight a new prospective zone which will be investigated further.

The technical content of this news release has been reviewed and approved by Carl Ginn, PGeo, a qualified person pursuant to National Instrument 43-101.

About Lithium One Metals Inc.

Lithium One Metals is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Quebec. The company's team of experienced geologists and prospectors are at the forefront of the search for the next generation of lithium deposits.

We seek Safe Harbor.