International Lithium Corp. announced assay results for Phase 3 of the diamond drilling program at Zone 1 of the Raleigh Lake Lithium project near Ignace, Ontario, Canada. The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of adjoining mineral claims 100% owned by ILC.

It is not subject to any encumbrances and is royalty free. It is located less than 20 kilometers directly west of the Township of Ignace, Ontario. It distinguishes itself from other lithium projects in Canada by being very well situated near to major public infrastructure; the Trans- Canada Highway, with direct access to Thunder Bay on Lake Superior, is less than six kilometers north of the project as is the mainline of the Canadian Pacific Railway, natural gas pipelines, and the hydro power line junction at Raleigh Lake: Drilling Highlights: All Phase 3 holes testing Pegmatite 1 in Zone 1 intersected spodumene-bearing pegmatite, demonstrating tremendous continuity of the mineralized body.

Thicker and higher-grade mineralization intersected closer to surface as anticipated. Phase 1, 2 and 3 pierce points have intersected Pegmatite 1 along a strike length of over 800 metres and along its dip for over 400 metres. All results from Phase 3 are to be included in the upcoming mineral resource estimate.

Pegmatite 1 Spodumene Zone Intersection Highlights RL22-45: 4.85 metres grading 2.06% Li2O in lower spodumene zone (from 89.5 metres); RL22-48: 15.82 metres grading 2.25% Li2O (from 65.56 metres); RL22-49: 2.21 metres grading 2.47% Li2O (from 72.69 metres); RL22-50: 4.62 metres grading 2.29% Li2O (from 56.12 metres); RL22-56: 2.96 metres grading 2.13% Li2O (from 72.42 metres); Pegmatite 1 Rubidium Bearing Microcline Intersection Highlights RL22-45: 3.98 metres grading 1.21% Rb2O from 85.52 metres; RL22-57: 4.69 metres grading 0.60% Rb2O from 152.51 metres. Other Highlights for the Raleigh Lake Project: Airborne Geophysical Survey: The Company has completed a Mobile MTm electromagnetic and horizontal gradient magnetometer airborne geophysical survey, conducted by Expert Geophysics Limited based in Aurora, Ontario. The survey over the greater Raleigh Lake area consisted of 6308 line-kilometres and has provided detailed information on lithologies and structures in an area of approximately 540 square kilometres.

The data are currently being prepared for detailed interpretive work ahead of the 2023 field exploration season. Regional Exploration Drilling: The Company drilled 398 metres in 8 holes targeting regional lithogeochemical targets developed from earlier exploration programs. Some thin veins were intersected in some of the holes and the Company is still waiting on analytical results for these drill holes. The goal will be to correlate the drill results with the surface anomalies and determine the potential for spodumene bearing pegmatite bodies to be present in the vicinity of the anomalous lithogeochemical target areas.