Discovery Lithium Inc. provided the following summary of its recently concluded 2023 exploration program in the province of Quebec. Highlights: The Lac Belanger claim area showed large pegmatite occurrences which are targeted for Phase 2 exploration based on positive lithium, cesium, and tantalum (LCT) geochemistry. Lac Belanger presented tourmaline bearing pegmatites showing increased lithium and possible fractionation trends towards an as- yet unexplored part of the claim area.

Further north, initial prospecting and sampling on the Serindac Lake claims yielded pegmatites with anomalous values of lithium in a supracrustal volcanic sequence paving the way for continued exploration across the extensive landholding. All outstanding results from 2023 have been received and are being interpreted by Discovery Lithium's exploration team. At Lac Belanger, 18 rock samples were taken at 8 localities over three days of sampling and prospecting.

One large pegmatite yielded tourmaline in 5 out of 6 rock samples and an increasing lithium grade of up to 59 ppm towards the south where it disappears under overburden. The pegmatite is also anomalous in cesium with an average value of 11 ppm. A second pegmatite with tourmaline appears to yield a similar vector of mineralization towards the southwest, with a high of 39 ppm lithium.

Taken together, these values and observed mineralization point to an area of increased LCT-bearing pegmatite potential under overburden in the center of the claim. This area is a prime target for follow up exploration in 2024. Potential methods used for Phase 2 exploration include heavy mineral analysis of till samples to identify the mineral spodumene and continued prospecting and sampling.

The average values of 18 rock samples on the Lac Belanger claims for Li, Cs and Ta were 20 ppm, 9.1 ppm and 1.9 ppm, respectively. To-date, 31 new pegmatites have been mapped in addition to two known pegmatites at Serindac Lake. A total of 102 samples were analyzed and yielded a high of 31 ppm lithium with an average of 10 ppm lithium.

The two pegmatites that yielded the highest lithium values had widths of over 20m and contained pathfinder minerals such as tourmaline and muscovite. Lake sediment samples in the immediate area are higher in lithium concentration than those of the rock samples, indicating the potential for buried higher-grade lithium concentrations in pegmatites. At Vaubert Lake, eight new pegmatites were discovered.

These as well as historical pegmatites were sampled. A total of 222 assays yielded a high of 77 ppm lithium and an average of 20 ppm lithium. Most of the higher lithium grades were in granodiorite basement rocks.

2024 Lithium Exploration. The Company is currently planning Phase 2 exploration programs on its 6 wholly owned projects in Quebec. The Phase 2 exploration will likely consist of further prospecting, mapping and sampling and may include other exploration tools such as airborne magnetic surveys, till sampling and LiDAR.

The Phase 2 exploration programs are expected to outline drill targeting and drilling in the latter half of 2024. In addition to Discovery Lithium's highly anticipated 2024 work programs, the Company is in a strong position to bolster their lithium portfolio. The Discovery team is actively assessing and evaluating prospective lithium and battery metal properties within North America, strengthening their land package dedicated to exploring and discovering domestically sourced battery metals.

QA/QC. Grab samples of the Company is currently planning Phase 2 Exploration programs on its 6 wholly owned project in Quebec. The Phase 2 Exploration will likely consist of further prospected, mapping and sampling and may includes other exploration tools such as airborne Magnetic surveys, till sampling and Li DAR.

The Phase 2 exploration program are expected to outline drill targeted and drilling in the latter half the 2024 work programs, the company is in a strong position to bolst their lithium portfolio. The Discovery teams is actively assessing and evaluating prospective battery metals within North America, strengthening their Land package dedicated to exploring and discovering domestic sourced battery metals.