Enertopia Corporation provided the following lithium project update. The company has received the approved Notice of Intent to drill from the BLM. They expect drilling to commence during the first week of March 2023.

Building on last year's successful inaugural drilling program at their West Tonopah Lithium project, the NOI is for permitting 12 holes with maximum drilling depths to 450 feet for each hole, for an estimated total drilling program of 5,400 feet. The program's focus will be on completing drill holes into the known areas of the higher-grade upper claystone horizon, which is currently estimated to cover approximately 640 acres. The additional drill hole data will further help to define the stratigraphic and structural controls affecting claystone deposition & preservation over the area.

For reference, the Clayton Valley project the company sold to Cypress Development Corp. in May 2022 covered 160 acres. Based on last year's drilling data, and the proposed 2023 drilling program, they expect to come up with a measured/indicated and inferred resource over the estimated 640 acres of higher-grade upper claystone horizon.

Upon completion of the 2023 drilling program, the Company will commission the writing of an inaugural 43-101 report for the West Tonopah Project. If possible, the Company may look at completing a preliminary feasibility study in 2024 pending the 43-101 results and recommendations from the report. Recent pre-feasibility news from American Lithium Corp, on February 1, 2023 which owns the TLC project one mile north of their West Tonopah Project, showed that the Magnesium that is an element that needs to be removed in the lithium extraction process could be turned into MgS04 which currently sells for USD 150 per tonne.

In the pre-feasibility report this could have a material positive effect on lowering the cost per tonne to produce Li2C03. This information should also be relative to future development potential on their West Tonopah project.