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Imagine Lithium Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 26, 2023) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce that its 2022 prospecting program has identified a new drilling target located approximately 1.6 km to the northwest of the Jackpot Main Zone. Grab samples from this area have identified at least one mineralized spodumene-bearing granitic pegmatite over a strike length of approximately 500 m. Samples collected from the pegmatite have returned Li2O values up to 2.72% Li2O. A video discussing the new target area can be found here.

A total of 15 grab samples were taken from the area, where a spodumene bearing pegmatite was traced over 500 m. The samples returned values containing lithium grades ranging from 0.01% to 2.72% Li2O (see Figure 1). Samples from a 240 m section of the granitic dike along strike generated an average of 1.17 Li2O% (n=11). It is believed that the pegmatite could be as much as 40 m wide. The Company plans to complete follow-up prospecting and sampling work in the general vicinity of this pegmatite as well as an exploration drilling campaign targeting the pegmatite specifically.

J.C. St-Amour, President of Imagine commented, "This newly discovered area demonstrates the prospectivity of our very large land package. The team is very excited to test this newly identified zone. There is some ground cover in this area, so there is excellent potential for expansion of this dike along strike as well as potential for additional dikes in this area. The grab sample grades suggest it is a well mineralized dike that we intend to drill test in 2023."

The 2022 drilling campaign at Jackpot ended in early December, having drilled over 10,000 m. We expect that final results will be received in the coming weeks and will be released once available.

Cannot view this image? Visit: https://imaginelithium.com/wp-content/uploads/2023/01/Imagine-Lithium-Makes-New-Lithium-Discovery-Near-Jackpot-Lithium-Main.jpg

Figure 1: Map identifying location of mineralized grab samples over approximately 500 m of strike length.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2962/152571_3b9da1800412ab51_002full.jpg

QA/QC Protocol

Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package).

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.

About Imagine Lithium Inc.

Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.

* The estimates presented above are treated as historical information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152571

info

2023-01-26 07:00:00

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce assay results from channel samples collected as part of its prospecting program on the Jackpot lithium property located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario. The channel samples were collected in an area approximately 1 km southwest of the Jackpot Main Zone where analyzed grab samples provided significant Li2O concentrations (see September 7, 2022 Press release).

Highlights of the channel results reported today include:

10.3 m @ 1.23% Li2O, including 4.0 m @ 2.88% Li2O; and

10.00 m @ 1.02% Li2O, including 6.00 m @ 1.56% Li2O.

J.C. St-Amour, President of Imagine commented, "I am very pleased with the channel samples as they were taken from the southwest region of the property that delivered previously reported mineralized lithium grab samples, meaning this section of the property seems well mineralized at surface. Not only does this area justify further exploration work, but our prospecting program has identified several spodumene bearing pegmatite dikes within 2 km of the Jackpot Main Zone that provide additional targets for future exploration and drill programs. We are confident that in addition to expanding the Jackpot deposit through our current drill program, we will have potential to find additional deposits on the broader Jackpot property."

All five channels taken from Site 1, where a spodumene-bearing pegmatite was traced over 80 m, returned intervals containing lithium grades ranging from 0.64% to 2.88% Li2O (see Figure 1 and Table 1). Five additional sites submitted to channel sampling also returned intervals containing 0.75% to 2.15% Li2O. The area to the west and southwest of Jackpot includes several spodumene bearing pegmatite outcrops including some that have been traced for between 80 m and 200 m (Figure 1). The Company plans to complete follow-up prospecting and sampling work in this including additional drilling.

Cannot view this image? Visit: https://imaginelithium.com/wp-content/uploads/2022/11/Imagine-Lithium-Reports-up-to-288-Li2O-from-Channel-Samples.jpg

Figure 1: Air photo map showing the location of the channel sampling sites in the southwestern area of the of the Jackpot property. The significant Li2O % intervals are reported on the map.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2962/146024_2293dec0344fcbbc_002full.jpg

Table 1: Table of Channel Sample Results

Site Channel
No.
Easting* Northing Elevation Azimut
(°)
Weighted
Mean
(Li
2O wt.
%)
Interval
(m)
1 1 431238 5460809 456 340.0 1.02 10.0
Incl. 1.56 6.0
 
1 2 431234 5460803 450 344.0 0.64 2.7
 
1 3 431219 5460794 451 312.0 1.23 10.3
Incl. 2.88 4.0
 
1 4 431210 5460791 447 1.63 3.0
 
1 5 431199 5460786 447 320.0 0.90 7.0
 
2 1 431250 5460857 448 342.0 0.75 9.0
 
3 1 431306 5460911 453 136.0 --- ---
 
4 1 431358 5460962 451 138.0 1.84 2.0
 
5 1 431161 5460724 454 142.0 1.40 1.3
 
6 1 430969 5460678 461 172.0 2.15 0.9
 

 

*NAD83; Zone 15N

QA/QC Protocol

Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples collected from the core material obtained from the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS lithium standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of professional geologists. Sample bags were then put in rice pouches and kept securely before being sent by road transport to the Actlabs laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-OES method (8-Li package).

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.

About Imagine Lithium Inc.

Imagine Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146024

info

2022-11-29 07:00:00

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2022) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) is (the "Company" or "Imagine") pleased to announce assay results from its ongoing drill program. The drill program is designed to test targets along strike both to the east and west of the Jackpot lithium project located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario. This first phase of the program expanded the mineralized lithium zone at least 400 metres to the east of the previously drilled area (see Figure 1).

Highlights of the assay results reported today include:

Hole JP-2022-04: 10 m @ 0.90% Li2O, including 3 m @ 1.2% Li2O and 10 m @ 0.89% Li2O, including 4 m @ 1.15 % Li2O;

Hole JP-2022-19: 2.9 m @ 1.31% Li2O and 3.1 m @ 1.23% Li2O;

Hole JP-2022-18B: 12.45 m @ 0.69% Li2O including 3.01 m @ 1.09% Li2O

Figure 1: Assay Results From 2022 Drill Program.

Cannot view this image? Visit: https://imaginelithium.com/wp-content/uploads/2022/09/Imagine-Lithium-Expands-Lithium-Zone-at-Jackpot-Project-By-400.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/134090_3f17ac0cb42a8a8c_002full.jpg

J.C. St-Amour, President of Imagine commented, "We are encouraged to see the Jackpot pegmatite dikes continuing to the east by at least 400 m. We are seeing similar assay results in this area as in the main Jackpot project and are confident that we will see further growth with more drilling. In addition, we are conducting a ground prospecting program to identify other lithium targets 2 to 3 km along strike from the main Jackpot area."

Table 1: Assay Results From 2022 Drill Program.

DDH_no Li2O (wt. %) From (m) To (m) Length (m)
JP-2022-03 1.18 69.00 72.00 3.00
JP-2022-04 0.90 3.00 13.00 10.00
Incl. 1.20 3.00 6.00 3.00
0.89 102.00 112.00 10.00
Incl. 1.15 102.00 106.00 4.00
JP-2022-05 0.66 161.57 165.50 3.93
JP-2022-07 0.71 97.00 100.59 3.59
0.80 115.95 120.00 4.05
JP-2022-17 0.44 6.70 9.70 3.00
JP-2022-17C 1.28 3.74 7.74 4.00
JP-2022-18B 0.69 90.00 102.45 12.45
Incl. 1.09 94.50 97.51 3.01
JP-2022-19 1.31 18.55 21.45 2.90
1.23 42.54 45.62 3.08
JP-2022-20 0.72 86.00 90.00 4.00
JP-2022-21 1.05 111.00 116.80 5.80
J-18-M-04* 1.28 36.00 44.00 8.00
J-18-M-03* 1.02 66.20 75.00 8.80
J-18-M-02* 0.81 77.30 80.00 2.70
0.43 82.00 86.20 4.20
J-18-M-01* 0.69 80.00 84.00 4.00

 

* Previously reported in press release of May 11, 2022.
- Holes JP-2022-07, 08, 09, 14, 15, and 16 are awaiting assay results
- Holes JP 2022-10, 11, 12, and 13 will be drilled in the winter for better access

The drill program is ongoing and is designed to test possible extensions of the Jackpot deposit along a known lithium baring trend. The Company will release drilling and sampling results as they become available.

Stock Option Distribution

Further, the Company announces that the board of directors has conducted its annual compensation review and will grant 3,200,000 options to officers, directors, and consultants to the company pursuant to its stock option plan. Given the coincident timing of these drill results, the options will be granted effective August 19, 2022, will be exercisable for a period of 5 years at a price equivalent to the closing price of the Company's stock on the TSX-Venture Exchange on August 19, 2022, and vest immediately.

About Jackpot

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located near Nipigon, Ont., which contains known pegmatite showings including two historical resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134090

info

2022-08-17 06:00:00

Imagine Lithium is a Canadian-based junior exploration company focused on advancing its flagship Jackpot Lithium Project (Ontario) and evaluating suitable prospects that add value to shareholders.

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