Arctic Fox Lithium Corp. Stakes Additional Claims South of Its Kana Lake Lithium Project in the James BAY Region of Quebec
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
August 2, 2023 Trading Symbol: CSE - AFX
FSE - 7N4
ARCTIC FOX LITHIUM CORP. STAKES ADDITIONAL CLAIMS SOUTH OF ITS KANA LAKE
LITHIUM PROJECT IN THE JAMES BAY REGION OF QUEBEC
VANCOUVER, BRITISH COLUMBIA ( August 2, 2023) – Arctic Fox Lithium Corp. (CSE: AFX / FSE: 7N4)
(the “Company”) is pleased to announce that it has staked an additional seventeen ( 17) claims covering
approximately 884 hectares contiguous to the south of its Kana Lake Lithium project in the James Bay region of
Quebec. The Company identified these claims based on work done by its technical team which identified large
possible pegmatite structures on surface . These additional 17 claims will be in the name of A rctic Fox Lithium
Corp. and will be valid for three years from the date of registration. The Kana Lake Lithium project now consists
of a total of 108 claims covering approximately 5,716 hectares.
Mr. Harry Chew, President, CEO and director , commented: “ We are pleased to add to our existing portfolio of
claims based on the work done by our technical teams . The announcement on July 31, 2023 by Patriot Battery
Metals (TSXV: PMET) regarding its CV5, Corvette property being the largest lithium pegmatite resource in the
Americas, speaks to the potential of the entire James Bay region and we are excited to conduct exploration work
on our properties.”
About Kana Lake
The Kana Lake Lithium project is located north of the Fliszar Lithium showing in the James Bay region of
Québec. During a summer/fall 2022 survey program conducted by the Qu ébec Ministère de l’Énergie et des
Ressources Naturelles ( “MERN”) their geologists identified this area as a new lithium prospective zone that is
characterized by the presen ce of numerous E -W trending pegmatitic granite dykes. The presence of garnet and
muscovite in these rocks indicates a hyperaluminous composition, suitable for the development of lithium
mineralization. These pegmatites are consistent with the Fliszar Lithi um showing to the south of the property
which three grab samples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126 ppm Nb, 374
ppm Ta and 0.3% B*.
For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Lithium Corp.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng.,
Director of Arctic Fox and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
Forward-Looking Information: This release includes certain statements that may be deemed "forward -looking statements". All statements in this release,
other than s tatements of historical facts, that address any activities and events or developments that Arctic Fox Lithium Corp. ("Arctic Fox") expects to
occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking
statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: potential benefits of the staking described
in this press release; and the future potential of and exploration to be conducted on the properties described in this press release. Factors that could cause
actual results to differ materially from those in forward looking statements include uncertainty with respect to the results of future exploration and the
ability to conduct any exploration activities on the propert ies described i n this press release ; market prices; disruptions relating to the COVID -19
pandemic; continued availability of capital and financing; and general economic, market or business conditions. These statements are based on a number of
assumptions including, among other things, assumptions regarding general business and economic conditions; the ability to conduct anticipated exploration
activities; and potential mineralization at the Company’s properties . Investors are cautioned that any such statements are not gua rantees of future
performance and actual results or developments may differ materially from those projected in the forward -looking statements. Arctic Fox does not assume
any obligation to update or revise its forward -looking statements, whether as a result of new information, future events or otherwise, except as required by
applicable law.