Mr. Kelly Abbott reports

MARK SMYK APPOINTED AS TECHNICAL ADVISOR FOR PEGMATITE ONE LITHIUM'S FRAZER MOUND LAKE PROJECT EXPLORATION PROGRAM

Pegmatite One Lithium and Gold Corp. has appointed Mark Smyk, PGeo, as the company's technical adviser for the exploration program on the Frazer Lake mound project. Mr. Smyk will provide guidance to the ongoing reconnaissance prospecting program, drawing from his extensive geological knowledge of the property and surrounding region.

Mark's tenure of over three decades with the Ontario Geological Survey ("OGS") has built his reputation as a stalwart in local Precambrian geology. In his previous roles in the OGS, including Bedrock Mapper, Regional Resident Geologist and Senior Manager, Mark has acquired an extensive knowledge of the bedrock and glacial geology of northwestern Ontario and developed profound insights into the mineral exploration and mining sectors.

As he steps into his Advisory role, Mark Smyk is primed to steer the team with his technical acumen, propelling the promising Frazer Lake Mound Project into its next phase. His extensive portfolio, spanning notable discoveries and ongoing contributions to scientific research, positions the project on the cusp of exponential progress.

"Appointing Mark into his role as a Technical Advisor for the Exploration Program underscores our commitment to excellence," stated Kelly Abbott, CEO of Pegmatite One. "With Mark leading the charge, we anticipate major strides in the evolution of the Frazer Lake Mound Project. His unmatched expertise will be the catalyst accelerating our exploration trajectory."

Pegmatite One is excited to welcome Mark Smyk to this crucial role and looks forward to leveraging his expertise and insights as the Company continues to advance its exploration efforts in Northwestern Ontario.

About Pegmatite One Lithium and Gold Corp.

Pegmatite One, a listed entity on the Canadian Securities Exchange, focuses its exploration efforts on lithium and gold resources. With a steadfast commitment to responsible mining practices, we operate three strategically positioned mineral exploration properties. Notably, our flagship asset is the Frazer Lake Mound property in Northwestern Ontario, projected to play a significant role in the global shift towards electric vehicles and sustainable technologies. Another cornerstone of our portfolio is the Georgina property, a promising gold prospect on Vancouver Island, British Columbia. Through our dynamic approach, we aim to create enduring value for both our shareholders and stakeholders.

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