GRID METALS CORP - MSMGF STOCK NEWS

Grid Metals Corp. has announced the acquisition of key base metal properties in southeast Manitoba to enhance its nickel, copper, platinum group metals (PGM), and cobalt land position. The transactions involve the purchase of properties from Gossan Resources and First Mining Gold, along with additional staking activities. Notable acquisitions include:

• Ore Fault, Page, and Chrome claims with indicated resources of 1.5Mt at 0.32% Ni and 0.13% Cu.
• Historical New Manitoba deposit with an estimate of 1.8Mt at 0.75% Cu and 0.33% Ni.

Grid Metals Corp (OTCQB:MSMGF) has announced successful drill results from its resource drilling program at the Donner Lake Lithium Property in Manitoba, completing a total of 17,643 meters. The results show several significant lithium intercepts, including grades up to 1.9% Li2O over various intervals. A total of 36 drill holes were completed in the core resource area, confirming the Main Dyke's consistent grade at a depth of approximately 300 meters. The resource estimate is expected to be completed by the end of Q2 2023 by SGS Canada, which will support future economic studies aimed at cash flow generation from the project. The company is also conducting ongoing environmental and metallurgical studies.

Grid Metals Corp (OTCQB:MSMGF) announced significant assay results from the 2012 drill program at its Falcon West Lithium Property, revealing high-grade lithium, cesium, and tantalum values. Notable findings include 2.1% Li2O over 6.1 m and 10.3% Cs2O over 3.3 m. The assays confirm a highly evolved pegmatite system, indicative of resource potential. The targeted area spans a 1.25 km trend with plans for further drilling after consultations with First Nations. The project is strategically located near infrastructure, enhancing its commercial viability. The property entails no royalties except for minimal NSR on certain claims.