Mr. James Nelson reports

SPEARMINT HIRES DRILL CONTRACTOR FOR THE CHIBOUGAMAU PROJECT IN QUEBEC

Spearmint Resources Inc. has engaged Laurentia Exploration Inc. for a 2023 drill program on the 100-per-cent-owned, Chibougamau vanadium project. The project is composed of two contiguous blocks of 14 (west block) and five (east block) claims for a total of 776.59 acres and 277.23 hectares, and located in the direct vicinity of Lac Chibougamau, Quebec. In 2018, Spearmint conducted drone and heli-borne airborne magnetic geophysical surveys totalling 932 line kilometres over an area totalling approximately 3,400 hectares at 100-metre line spacing. Data collected from this inaugural airborne survey show the presence of multiple sharply defined areas of northeast-trending magnetic susceptibility, including an anomaly measuring nine kilometres in length.

James Nelson, president of Spearmint Resources, stated: "We are pleased to be able to begin drilling the Chibougamau project shortly. This drill program will provide potential near-term catalysts for the company."

On June 17, 2022, the company announced that it has received the updated technical report and mineral resource estimate for the 100-per-cent-owned McGee lithium clay deposit in Clayton Valley, Nevada. The technical report included an updated mineral resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the maiden resource estimate announced on June 11, 2021. The technical report and mineral resource estimate was prepared by Derek Loveday, PGeo, and Mariea Kartick, PGeo, of Stantec Consulting Services Ltd. in conformity with CIM Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines and were reported in accordance with the Canadian Securities Administrators National Instrument 43-101.

Qualified person

Maxime Bouchard, PGeo, an independent qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained within this news release.

About Spearmint Resources Inc.

Spearmint's primary projects include four projects in Clayton Valley, Nevada: the McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the recently acquired Green Clay lithium project comprising 97 contiguous claims totalling approximately 2,000 acres, and the Clayton Ridge project comprising 35 contiguous claims totalling approximately 721 acres.