Usha Resources Ltd. announced that it has discovered a second significant lithium-cesium-tantalum pegmatite dyke swarm, ?Bingo?, at its White Willow Lithium Pegmatite Project (?White Willow? or the ?Project?). The findings build on the initial visit completed in June and have over tripled the LCT pegmatite trend on the property to a potential strike length of >25 km that is open at both ends.

The property is situated 170 kilometres west of Thunder Bay in proximity to other lithium projects in the region, such as the Seymour Lake Lithium Project, the Georgia Lake pegmatite field, and the Separation Rapids Lithium deposit, showcasing the region's rich lithium potential. The Company completed a three (3) week site visit with its technical team where it split its program between further assessing the area in the vicinity of the Maple Leaf Dyke Swarm, which has a strike of >8 km, and the newly identified Bingo Dyke Swarm. 287 rock samples were collected and submitted for laboratory analysis.

Key findings at Bingo include: The swarm is over ~2 km in length and open in both directions. There are 2 large pegmatites within the field that are on trend with one another. The pegmatites outcrop 600 and 450 metres in length, respectively, and are up to 75 metres in width.

If connected, they would form a single large dyke over 1.2 km in length. Excellent geochemical indicators based on the limited data received so far indicating that the dyke swarm is highly evolved, with K/Rb ratios below 25 and ore-grade tantalum (248 ppm) with a Nb/Ta ratio of 0.41. Excellent mineralogical indicators indicating that the dyke swarm is highly evolved and potentially spodumene-bearing, with spessartine garnets, blue-green apatite, tantalite and lithium amphiboles (holmquistite) identified.

Beryl was not identified, indicating that the zone being assessed is within the core/intermediate/inner zone of a fertile LCT-system which is where spodumene, if present, is anticipated to occur. Feldspar crystals up to a metre have been identified indicating the potential for coarse-grained spodumene, if present, to exist at Bingo. Usage of a LIBS (laser-induced breakdown spectroscopy) analyzer on samples indicated lithium values within Bingo up to 6,000 ppm (1.3% Li2O) and 3,000 ppm (0.65% Li2O) within the host rock.

The latter is of particular note as the introduction of lithium within the host rock is a result of enriched lithium-bearing fluids being introduced into the system and strong evidence for the system to be very enriched in lithium if confirmed by assays. A LIBS analyzer is a portable device that provides semi-quantitative assessments of geochemical concentrations in real-time. These readings should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest.

LIBS readings are not representative of the whole core and represent purely a concentration measured at a single point. Jackpot Lake Exploration Update The Company is also pleased to announce that it has expanded the basal sand and conglomerate zone to a depth of approximately 1,950 feet through drilling, increasing the previously identified zone from an interval of 273 feet to a total of 423 feet. Assessing this zone is a primary objective of the program at Jackpot Lake as it is a potentially pumpable aquifer into which fluids from the zones above should drain.

Coarse-grained basal units are a primary focus for expansion at Albemarle's Silver Peak lithium brine mine[i], the only domestic supplier of lithium within the United States, and at Pure Energy's Clayton Valley project, where it identified a large volume of brine with superior grades. The Company is now working towards completing and developing a well for sampling.