Foremost Lithium Resource & Technology Ltd. provided a drilling progress update for its 2024 winter drill program on its Zoro Property located in the Snow Lake region of Manitoba. The Company reports that 2 holes targeting Dyke have been completed with assay results confirming lithium mineralization spanning a cumulative length of 25.92m. Highlights in drill holes FL24-009 and FL24-010 include 1.52% Li2O over 5.02 m and 1.09% Li2O over 9.88 m. Dyke 1 hosts the Company's maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li2O, with a cut-off grade of 0.3%, as outlined in the Company's filed Regulation SK-1300 Technical Report Summary (2023) and NI-43-101 Technical Report (2018).

Drill results for the 2 drill holes completed at the Dyke 1 spodumene pegmatite. These holes primarily target the depth extension of the pegmatite body. Results include: Drill hole FL24-009 intersected 7.96 m of spodumene-bearing pegmatite returning 1.03% Li2O starting at a depth of 233.04 m, Drill hole FL24-009 intersected 5.02 m of spodumene-bearing pegmatite returning 1.52% Li2O starting at a depth of 235.98 m, Drill hole FL24-010 intersected 9.88 m of spodumene-bearing pegmatite returning 1.09% Li2O starting at a depth of 77.57 m, Drill hole FL24-010 intersected 5.37 m of spodumene-bearing pegmatite returning 1.34% Li2O starting at a depth of 180.73 m. These intersections mark a development in the understanding of the Dyke 1 spodumene pegmatite, revealing previously untested mineralization at depth.

The assay results confirm the presence of a well-mineralized zone, suggesting the potential for an expanded resource base within this sub-section of the pegmatite body, as well as continued drilling indicates the potential of mineralization outside of the current resource estimate for Dyke 1. Foremost remains focused on advancing its lithium projects to meet the growing demand for lithium, which is essential for electric vehicles and the stationary storage batteries market. Foremost will continue its exploration efforts at Dyke 1, with additional drilling planned to further define and expand the known zones of mineralization. These mineralized drill intercepts confirm an extension of Zoro Dyke 1 in a zone that was previously unexplored.

The pegmatite remains open at depth along its southern extension. The extension of Dyke 1 to the southeast and at greater depths has emerged as a priority based on a detailed analysis of geological data. The Company?s drilling efforts are expanding southward, aiming to explore and potentially increase the resource estimate by identifying new mineralized zones.

This approach leverages advanced geological expertise, aiming to maximize the potential for resource expansion. Due to the vertical orientation and variable nature of mineralization at the Company?s Dyke 1 deposit, the reported drill intersection lengths, derived from linear measurements along the drill core, may not accurately represent the true width of the mineralized zones. Best practice drilling techniques and geological interpretation are being utilized to intersect mineralization in an orientation that approximates the true width as closely as feasible.

Detailed geological modelling and analysis are being conducted to refine these estimates and achieve a more precise characterization of the mineralized body?s true dimensions. Sample collection, handling, preparation and analysis are monitored with the implementation of chain-of-custody procedures and quality assurance-quality control (QA-QC) programs that follow industry best practices. All samples were submitted to SGS Labs in Burnaby, BC, for determination of lithium via sodium peroxide fusion.