SPEARMINT RESOURCES ORD - SPMTF STOCK NEWS

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) provided an update on recent lithium developments in Clayton Valley, Nevada. The company highlighted a significant breakthrough by SLB (formerly Schlumberger) in sustainable lithium production. SLB's proprietary solution, which includes direct lithium extraction (DLE), achieves a 96% lithium recovery rate from brine, producing lithium 500 times faster than conventional methods while using only 10% of the land.

Spearmint maintains four projects in Clayton Valley, including the Elon Lithium Brine Project and the McGee Lithium Clay Deposit. The company's Technical Report for the McGee project revealed an updated Mineral Resource Estimate of 2,092,000 tonnes of lithium carbonate equivalent (LCE), more than doubling its previous estimate.

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) has completed its 2023 drill program on the 100% owned Chibougamau project in Quebec, Canada. The drill program included 4 NQ-sized drillholes totaling 757 meters, with promising results including lithium and vanadium-bearing rock formations. The company also received an updated Mineral Resource estimate for the McGee Lithium Clay Deposit in Nevada, doubling the maiden resource estimate.

Spearmint Resources Inc. (SPMT) has commenced its 2023 drill program on the 100%-owned Chibougamau project in Quebec. The project consists of two blocks of claims totaling 776.59 acres and is located near Lac Chibougamau. The company conducted geophysical surveys in 2018, revealing multiple magnetic susceptibility areas, including a 9km anomaly. The current drill program includes 4 drillholes targeting the main feature highlighted by the magnetic field.

Spearmint Resources Inc. (SPMT) grants 1,100,000 stock options and 7,200,000 restricted share units to its directors, officers, and consultants at an exercise price of 5 cents per share for a period of 12 months.

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) announces engagement of Laurentia Exploration Inc. for a 2023 drill program on the Chibougamau vanadium project in Quebec. The project covers 776.59 acres with potential near-term catalysts. Additionally, the Company received an updated Technical Report and Mineral Resource estimate for the McGee Lithium Clay Deposit in Nevada, doubling the maiden resource estimate.

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) has granted 18,500,000 stock options at an exercise price of 5 cents per share for 12 months to directors, officers, and consultants. The Company also announced an updated Mineral Resource estimate for the McGee Lithium Clay Deposit, showing a significant increase from the previous estimate.

Spearmint Resources (CSE:SPMT) (OTCPink:SPMTF) has released a new Technical Report that significantly increases the resource estimate at its McGee Lithium Clay Deposit in Nevada. The updated report indicates a total of 2,092,000 tonnes of lithium carbonate equivalent, doubling the previous estimate. This expansion is attributed to the inclusion of four new drillholes, enhancing the mineralized area from 0.87 to 1.22 square miles. The report also highlights the growing demand for lithium, which has surged over 900% since 2021, alongside the U.S. government's push for domestic lithium production.

Spearmint Resources (CSE:SPMT) (OTCPink:SPMTF) has announced significant lithium drilling results from its McGee Lithium Clay Project in Nevada. The phase III drill program revealed a high of 1,810 ppm lithium over a substantial 485 feet, averaging 1,003 ppm. Additional positive results include a high of 1,760 ppm within 652 feet averaging 895 ppm. These findings are reported as the highest in the history of Clayton Valley and are expected to enhance the company's resource estimates. Current trading price is $0.15.