Snow Lake Resources: Lithium’s Early Results from Drone Mag Survey Identifies Multiple Extensional Anomalies and Potential Targets on the SG Claims – Form 6-K

Early Snow Lake Lithium Results from Drone Mag Investigation Identifies Multiple Expansion Anomalies and Potential Targets on SG Claims

MANITOBA, CAN, February 15, 2022 – Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq: LITM) (“Snow Lake” or the “Company”), is pleased to announce that the first batch of data received from its first announced drone magnetic survey (November 29, 2021 – Snow Lake Lithium receives a C$62,000 government grant), identified several highly prospective targets in the Company’s Sherritt Gordon (SG) pegmatite dykes.

Initial images from the EarthEx Drone magnetic survey over the Snow Lake Lithium SG – Grass River (GR) target area show a notable correlation between the magnetic lows in the data and the known pegmatite dykes that were sampled during the prospecting campaign of last fall (December 6, 2021 – Neige Lake Resources Ltd. samples up to 6.97 wt% Li2O from its project in Manitoba). The drone system’s unique ability to fly low to the canopy and maintain centimeter-accurate real-time kinematic positioning (RTK) navigation results in exceptional levels of detail in the data, revealing never-before-seen characteristics (Figure 1.0 ).

Photo 1 – Drone in flight during a survey above the SG dyke

In addition to the known pegmatites, the EarthEx survey revealed several other magnetically low lineaments with favorable structural orientations near the SG and GR dykes. The survey will continue this week in the area of ​​the Thompson Brothers Lithium deposit.

The SR and GR dykes will be the primary targets for Drill 3 mobilized by BRL Drilling (February 2, 2022 – Snow Lake Lithium contracts additional drilling for the project after the strike zone is extended on the first hole).

CEO Philip Gross said, “These are very exciting times for Snow Lake as we continue to progress the project and accelerate towards mining and full commercial production. The Sherritt Gordon claims have a long lithium history attached to them, dating back to the 1940s when they were originally drilled. The drone data we have obtained can now identify previously unknown extensions that greatly multiply the potential of this property. With the third drill underway, we are excited to begin drilling these anomalies as soon as possible and begin establishing our operations which we believe will position us as the leading carbon neutral lithium supplier to the North American automotive industry. in a close future. »

Daniel Card, President of EarthEx Geophysical Solutions Inc., said, “We are delighted to be working with Snow Lake Lithium on what is a very exciting and promising lithium project. We are delighted with the efficiency with which known pegmatites and new targets are mapped in the data and are proud to provide Snow Lake with such an effective exploration tool.”

Figure 1.0 Preliminary magnetic image (1st VD) above target area SG – Grass River

About EarthEx Geophysical Solutions Inc.

EarthEx Geophysical Solutions Inc was founded in 2014 in Selkirk Manitoba Canada by its Chief Geophysicist, Daniel Card. M. Card, P.Geo, RPGeo, Professional Geophysicist, BSc. Honors degree from the University of Manitoba and is currently registered in Canada and Australia.

Since its inception, EarthEx has gained wide recognition for its scientific achievements for its customers and partners.

EarthEx specializes in high resolution geophysical data acquisition from UAV (drone) based platforms, data interpretation, 3D modeling and target definition for hard rock minerals. Working with state-of-the-art technologies and data analysis algorithms and methodologies EarthEx is known for providing high quality exploration targets and tools to its customers.

About Snow Lake Resources Ltd.

Snow Lake Lithium is committed to creating and operating a fully renewable and sustainable lithium mine that can provide a fully traceable, carbon neutral and safe product for the electric vehicle and battery markets. We not only aspire to set the standard for responsible lithium mining, but we intend to be the first lithium producer in the world to achieve Certified Company B status through the process.

Our wholly-owned Thompson Brothers Lithium Project covers a 55,318-acre site that has only been 1% explored and contains an identified resource to date of 11.1 million indicated and inferred metric tonnes at 1% Li2O.

Forward-looking statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements in this press release can be identified by the use of words such as “anticipate”, “believe”, “intend”, “could”, “estimate”, “expect”, “have the ‘intent to’, ‘seek,’ ‘may’, ‘could’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘target’, ‘aim’, ‘should’, ‘will’, ‘ would” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the current expectations of Snow Lake Resources Ltd. and are subject to uncertainties, inherent risks and assumptions that are difficult to predict and include statements regarding the intended use of proceeds and expected closing. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate. These risks and uncertainties, as well as others, are described more th n detail in the section entitled “Risk Factors” of the final prospectus relating to our public offering filed with the Securities and Exchange Commission and other documents and reports that we file with the Securities and Exchange Commission. The forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. assumes no obligation to update this information, except as required by applicable law.


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