Accelerate Resources Limited ('AX8', 'Accelerate' or the 'Company') is pleased to advise that the Company has locked in dates to complete an Aboriginal Heritage and Ethnographic survey with the Ngarluma Aboriginal Corporation (NAC) over Accelerate's 100% held and drill ready Prinsep Lithium Project in mid-April 2024.

The survey will provide clearances to conduct drilling and other exploration activities over the spodumene-bearing northern and southern pegmatite trends, with drilling expected to commence as soon as possible following approvals for the Heritage survey and Program of Works.

Mr Luke Meter, Chief Executive Officer of Accelerate commented: 'We thank the Ngarluma Aboriginal Corporation for their support and assistance in expediating a date for the Heritage survey less than a month after signing the Native Title and Heritage Exploration Agreement. Their assistance is greatly appreciated, and we look forward to working closely with NAC as our Karratha Projects advance.'

Prinsep Lithium Project

The Prinsep Lithium Project is an advanced drill-ready exploration project situated 15km south of the regional centre of Karratha and 35km west of Azure Minerals' (ASX:AZS) Andover Lithium discovery currently subject to a $1.7 billion (AUD) takeover offer by SQM and Hancock Prospecting2 .

Contact:

Luke Meter

Chief Executive Officer

Tel: +61 8 6248 9663

Email: Lukem@AX8.com.au

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Accelerate Resources Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on various factors.

Competent Person Statement

Information in this release related to Exploration Results is based on information compiled by Mr Kevin Joyce. He is a qualified geologist and a Member of the Australian Institute of Geoscientists (AIG). Mr Joyce has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves'. Mr Joyce is a consultant to Accelerate Resources, he consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

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