Snow Lake Resources Ltd. provided results, an update, and analysis on the recently completed Grass River drilling campaign. The pegmatite geology in the Grass River area is significantly more complex than the Thompson Brothers Lithium dyke, which was recognized early in the drill campaign. As noted by several geologists at the core house, several intersections of coarse-grained spodumene pegmatites were logged in multiple holes within the Grass River area.

Due to this level of complexity, Snow Lake Lithium engaged SGS Geological Services to assist with modeling the GRP dyke to better understand the three-dimensional (3D) composition of the subsurface area. Based on the initial wireframe modeling of the pegmatite dykes at Grass River, SGS was able to identify a minimum of three distinctive spodumene bearing pegmatite dykes Snow Lake Lithium's technical personnel in the field hypothesized that there could be as many as five distinctive dykes based on core and field observations. Due to this higher density of dykes within the Grass River area, Snow Lake Lithium will refer to this area as the Grass River Pegmatite Swarm as the drilling campaign progresses.

Of the high-grade intercepts received from the Grass River Pegmatite Swarm, there was one selected sample from GRP-014 that returned a value of 5.9% Li2O over 0.7 meters In addition, several of these intercepts are found almost 200 meters down the well, implying that a vast unrealized underground mining potential exists beneath the envisioned starter pit. Future exploration and drilling programs will focus on identifying additional dykes, trace the existing dykes along strike, and drill to depth to help define more underground resources. Currently, there are another twenty-one drill holes in progress with SGS Lakefield.

Once all analytical results have been returned to Snow Lake Lithium, SGS Geological Services will commence the maiden resources study on the Grass River Pegmatite Swarm. Geology of the GRP dyke Swarm and host rocks - The GRP dykes crosscut plutonic intrusive rocks of Monzonite composition, exhibiting medium to coarse grained Plagioclase crystals within a fine to medium grained mafic groundmass. Albitic to potassic feldspars occur frequently within the rock.

The groundmass consists of amphiboles and occasional biotite. Garnet has been observed in small clusters within rare melanocratic groundmass. The Monzite has been subject to considerable seracitic and hematitic alteration, often resulting in destruction of the original plutonic minerals and giving the rock a "bleached" appearance.

Small quartz and granitic Aplite dykes are common. The GRP pegmatite dykes swarm appear to strike 110° and dip about 60-65o SSW. The mineralogy of the dykes is typical for Lithium bearing pegmatite dykes, and consists of potassic feldspars, quartz, muscovite and to a lesser extent biotite, tourmaline and rare garnets and very rare beryl.

The lithium bearing mineral is spodumene, which varies considerably in both grain size and distribution within the dykes. Spodumene crystals can vary in size from 1 cm to over 10+ cm in size. The GRP dykes often exhibit very large spodumene crystals, often ranging in size from 10-15 cm long.

The distribution of the crystals within the dyke intersections is sporadic, with some sections containing up to 25 to 30% Spodumene, and other sections that are Spodumene poor to barren, suggesting multiple pulses of fluids and crystal mush from the parent granitic magma. The mineralogy and mineral zonation of the dyke(s) will be the subject of further study in the coming months. Analytical - Half core samples are sent to the SGS Lakefield laboratory in Ontario for analysis.

Core samples are initially crushed to a size of -12.7 mm, then fragmented to 75% passing 2mm and eventually extruded into a 250 g pulp that is pulverized to 85% passing 75 microns. Samples are sodium peroxide fused and ran on ICP-AES and/or ICP- MS generating 56 element suit.