CONSOLIDATED LITHIUM MTLS - JORFF STOCK NEWS

Jourdan Resources Inc. announced that North American Lithium Inc. (NAL) has deposited C$4 million into an escrow account as part of their Earn-in Agreement. NAL is required to spend this amount on exploration of 28 claims within Jourdan’s Vallée lithium project by November 14, 2023, to earn a 25% interest. NAL may invest an additional C$6 million by November 14, 2024, for another 25% interest. The partnership aims to commence a drilling program in Q1 2023, focusing on the pegmatite swarm to establish a preliminary mineral resource estimate.

Jourdan Resources has completed a stripping, mapping, and sampling campaign at its Baillargé property in Quebec. This initiative significantly extends the known spodumene-bearing dyke strike and improves the geological understanding of the property. Approximately 2,400 m² were addressed, enhancing exploration potential for lithium mining. The program was conducted by GeoTasks Inc. under senior geologists’ supervision. The findings will help ready the property for diamond drilling, with samples analyzed by a recognized laboratory to ensure quality.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF) has announced the appointment of Brett Lynch to its board of directors. Lynch, who has over 30 years of experience in the mining industry, is currently the Managing Director/CEO of Sayona Mining Limited. His expertise is expected to enhance Jourdan's ongoing partnership with Sayona, particularly regarding the Vallée lithium project. Additionally, Jourdan's executives purchased 341,000 shares at an average price of $0.091, demonstrating confidence in the company's future as it focuses on lithium projects in Quebec.

Jourdan Resources has entered an earn-in and joint venture agreement with Sayona Mining for the Vallée lithium project, allowing Sayona to acquire a 9.99% shareholding for C$1.5 million. Sayona’s subsidiary, North American Lithium, can earn up to 51% interest in the project. The partnership aims to fast-track ore processing at the NAL plant and enhance exploration across Jourdan's projects. The agreement requires Sayona to spend C$4 million in the first year and an additional C$6 million within two years to achieve the stake. Completion is subject to TSX Venture Exchange approval.

Jourdan Resources Inc. announced the completion of its phase 3 drilling campaign at the Vallée property, totaling 6,400 meters across 32 drill holes, aimed at exploring the eastern extension of its lithium-bearing pegmatite swarm. The drilling follows up on previous campaigns and is expected to assist in establishing an initial resource estimate. CEO Rene Bharti emphasized the critical nature of this data in a surging lithium market. The campaign is part of a broader effort since 2021, contributing to a total of 11,600 meters drilled, with results anticipated to extend the known deposit further.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) has announced the arrival of an additional drill rig at its Vallée property to expedite a phase 3 summer drilling campaign. The initiative aims to extend the known lithium deposit eastward by drilling 28 planned holes, each approximately 200m deep, across a lithium-bearing pegmatite swarm. The results from previous drilling efforts revealed high Li₂O grades, encouraging further exploration. The program also includes a soil sampling survey aimed at identifying new drill targets in the area.

Jourdan Resources Inc. announced the final assay results from its 2022 winter drilling campaign at the Vallée project in Quebec. The results confirm multiple lithium grading zones across 18 drill holes, expanding the known size of the northern pegmatite. This includes a strike length of over 600m for both northern and southern pegmatites. The 3,629m diamond drilling program has now provided critical data for an initial mineral resource estimate. The assays will support continued exploration efforts at Vallée, along with future mapping and soil sampling programs at other properties.

Jourdan Resources Inc. has commenced its phase 3 summer drilling campaign at the Vallée property, aiming to extend the lithium-bearing mineral deposit. The campaign includes 11 holes, totaling 2,200m, building on previous drilling results revealing high Li₂O grades. Since 2011, Jourdan's drilling efforts have totaled over 11,800m, nearing an initial mineral resource estimate. The drill program will be conducted under strict QA/QC protocols and is expected to enhance the company’s database on its lithium resources.

Jourdan Resources Inc. has initiated a soil sampling program on its claims in the Preissac-La Corne lithium mining district, located 35 km north of Val-d'Or, Quebec. This program, involving a 400m x 200m grid and aiming to sample about 1,000 sites, is a precursor to potential drilling. The company plans to analyze samples for rubidium and tantalum using advanced methods. The objective is to identify new lithium mineralization areas while simultaneously progressing towards an initial resource estimate for its Vallée property.