Mr. Kelly Abbott reports

PEGMATITE ONE INITIATES CHANNEL SAMPLING AT FRAZER LAKE MOUND PEGMATITE

Pegmatite One Lithium and Gold Corp. has commenced its channel sampling phase at the Frazer Lake Mound project. This initiative accelerates our exploration of the newly discovered pegmatite areas, with a specific focus on the major high-grade pegmatite discovery.

The sampling program is a core aspect of our ongoing exploration at Frazer Lake Mound. Targeting the main discovery zone, we've launched channel sampling to gain deeper insights into the mineralization of the recently discovered pegmatite. Our systematic approach ensures comprehensive data collection, aiming to unravel the composition and potential of this significant geological finding.

Samples collected during this phase will be promptly dispatched to the laboratory for thorough analysis, with a specific focus on potential lithium values. We expect the assay results within the next two weeks, which will bolster our geological understanding of the Frazer Lake Mound pegmatite.

Pegmatite One stands firm in its commitment to responsible exploration and meticulous evaluation of our mineral assets. The insights from this sampling phase are eagerly anticipated, as they will be pivotal in determining the full potential of the Frazer Lake Mound Project.

President & CEO, Kelly Abbott, commented, "The discovery of the pegmatite zones at Frazer Lake Mound has ignited our exploration drive. Though we approach with precision and caution, the promise of this discovery is very compelling. Each sample, and every data point brings us closer to realizing the Frazer Lake Mound Project's potential. Our dedication is unwavering, ensuring every exploration step is both knowledgeable and conscientious."

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.

We seek Safe Harbor.