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Foremost Lithium Returns 2.13% Li2O and 1.86% Li2O in Samples from its Zoro and Jean Lake Properties and Begins Preparation for Winter Drill Program

Drill Results Exploration Programs

Foremost Lithium Returns 2.13% Li2O and 1.86% Li2O in Samples from

its Zoro and Jean Lake Properties and Begins Preparation for Winter

Drill Program

Highlights Include:

• Initial phase of rock sampling return assay of up to 2.13% Li2O at the Zoro Lithium

Project and values of up to 1.86% Li2O at Jean Lake Lithium Project

• Jean Lake Property displayed promising lithium mineralization with significant upside

potential.

• Zoro Project presents further potential to delineate future resources on spodumene -

bearing dykes.

Vancouver, British Columbia – October 12, 2023 – Foremost Lithium Resource & Technology

Ltd. (NASDAQ: FMST) (CSE: FAT) (“ Foremost Lithium”, “Foremost” or the “ Company”), a North

American hard-rock lithium exploration company, today announced positive results returned from

the rock sampling program on its Peg North, Grass River Claims, Jean Lake, and Zoro properties,

including high-grade lithium values and spodumene mineralization at both the Zoro and Jean Lake

Property.

Dahrouge Geological Consulting Ltd. (“DGC”) conducted a large-scale surface exploration program on

Foremost’s four Lithium Lane properties for Lithium Cesium Tantalum (“LCT”) pegmatites this past

summer, focusing interest towards pre -defined, high -priority targets on the Zoro and Jean Lake

Property.

“The compilation of work has yielded highly promising results from sampling to date, and the team at

Dahrouge continues to demonstrate their ability to execute a success ful exploration program ,” said

Jason Barnard, President and Chief Executive Officer of Foremost Lithium. “Our 2023 exploration

campaign is focusing on our high -quality assets and is supported by extensive geological data. The

potential of this fertile area gives us great confidence as we define drill targets in preparation in this

upcoming drill program. We look forward to proving results for our company and our shareholders.”

Samples were shipped to SGS Laboratories (Burnaby) for analysis which used a total dissolution of

the sample by sodium peroxide fusion and ICP -MS �inish. This analytical approach is the standard

analytical technique used by the Company on its Zoro and Jean Lake lithium projects. QAQC samples

were inserted into the sample sequence at a rate of 5%, utilizing certi�ied reference material and

quartz blanks.

Zoro Property

Figure 1-0 – Grab samples taken on the Zoro Property during the 2023 �ield program

At the Zoro Property, the mapped spodumene occurrence at Dyke 1, was revisited for sampling and

detailed structural mapping to assist with targeting for the upcoming winter drill season. This was

revisited for sampling and hosts an inferred resources of 1,074,567 tons at a grade of 0.91% Li2O,

with a cut-off of 0.3% in accordance with the Company’s SK-1300 Technical Report Summary (2023)

and NI -43101 Technical Report (2018). DCG verified the presence of spodumene -mineralized

pegmatite on surface at Dyke 1. Eight (8) pegmatite samples, five (5) containing spodumene, were

collected for assay. Assay highlights can be found in Table 1.

Sample ID Li (ppm) Li2O (%) Cs2O (ppm) Ta2O5 (ppm)

153291 9883 2.13 161 44

153292 2627 0.57 178 44

153293 2979 0.64 147 60

153294 479 0.10 418 106

153295 5062 1.09 364 37

153296 6734 1.45 252 94

Table 1 – Assay highlights from grab samples taken on the Zoro property during the 2023

�ield program.

Figure 2-0 – Overview of the Zoro Property showing spodumene-bearing pegmatites and

untested LCT pegmatites which are targets for future exploration.

Photo 1 – Large spodumene crystals at Dyke 1 on the Zoro Property.

Photo 2 – A grab sample from Dyke 1 on the Zoro Property that assayed at 2.13% Li2O

Jean Lake Property

Spodumene-pegmatite occurrences (B1, B2, and B3) that are collectively known as the “Beryl

Pegmatites” were sampled and mapped in further detail to assist with drill targeting for the upcoming

drill season. Additional overburden was stripped from the B1 and B2 occurrence, revealing more

spodumene mineralization. Four (4) chip samples were collected during the 2023 field program,

three (3) of which were fro m spodumene bearing pegmatite. Samples taken from the B1 pegmatite

hosted coarse-grained, pale green spodumene that ranged from 5cm to 0.70m (Photo 1). Samples

taken from the B2 pegmatite hosted abundant apple-green to yellow-green spodumene that ranged

from 5cm to 15cm (Photo 3). Assay highlights are presented in Table 2 below.

Sample ID Li (ppm) Li2O (%) Cs2O (ppm) Ta2O5 (ppm)

153026 8434 1.82 24 1

153027 64 0.01 1 0

153029 8635 1.86 27 10

Table 2 – Assay highlights from 2023 chip samples �ield program

Figure 3-0 – 2023 chip samples on the Jean Lake Property.

Photo 3 – Spodumene-rich boulder excavated during historical blasting at the B2 pegmatite.