Imagine Lithium Expands Strategic Land Package at Jackpot Project by 45%; Grants Options

Imagine Lithium Expands Strategic Land

Package at Jackpot Project by 45%; Grants

Options

Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - IMAGINE LITHIUM INC. (TSXV: ILI)

(OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce a strategic land acquisition in the

prolific Georgia Lake Pegmatite Field (GLPF), increasing its overall prolific exploration area by 45% at its

100%-owned Jackpot Lithium Project, located near Thunder Bay, Ontario, Canada. The addition of the 'SPOD

Lithium Option' of 8,449 ha brings the total land package held by Imagine to a total of 27,597 ha of prospective

geology in the GLPF.

The addition of the 'SPOD Option Claims' creates a continuous land position between the NI 43-101 compliant

Jackpot deposit and Rock Tech Lithium's Nama Creek deposit to the north, representing a strategic land

acquisition that strengthens Imagine's exploration footprint moving forward (Figure 1).

Simone Suen, President of Imagine, stated: "We are pleased to announce the acquisition of a substantial

land package for our Jackpot Project, consolidating significantly more prospective ground and positioning

Imagine Lithium as the largest land holder in the Georgia Lake region. This expansion enhances synergies

with Rock Tech Lithium's Nama Creek Project and strengthens Imagine's ability to advance our Mineral

Resource inventory, currently at 3.1 Mt indicated and 5.3 Mt inferred (with grades of 0.85% and 0.91% Li2O,

respectively). The outcome of the 2025 field season continue to refine our exploration model for the belt,

underscoring the value of methodical exploration in identifying new deposits. Access to nearby infrastructure,

ports, and a skilled workforce further supports the potential to bring Ontario's first lithium deposit into

production."

Under the terms of the agreement, effective December 5, 2025, Imagine Lithium agrees to purchase 100%

undivided right, title and interest in the North Nipigon Lithium Property from Spod Lithium Corp, hereby called

the 'Spod Lithium Option' (Figure 1). Upon execution of the agreement, the 18 multi-cell mineral claims will be

purchased for an aggregate cash payment of CAD$30,000. The claims are subject to a 2% net smelter royalty

(NSR) which will be held by Jadeite Capital Ltd.

Figure 1. Jackpot Lithium Project map showing the Jackpot deposit, Nama Creek deposit and 'SPOD Lithium

Option' boundary.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2962/277628_3940dd4004e64bec_001full.jpg

The addition of this strategic land package compliments future exploration plans and highlights the discovery

potential for multiple open-pit, hard-rock lithium deposits in the Georgia Lake Pegmatite Field. The previously

announced mineral resource estimate (see September 3, 2024 News Release) on the Jackpot Project outlines

two conceptual pit shells – Jackpot and Casino Royale – both exhibiting good grade continuity and strong

potential for resource expansion. The resources remain open along strike and to depth.

RESOURCE HIGHLIGHTS – NI 43-101 MINERAL RESOURCE ESTIMATE

 Indicated Resource: 3.1 Mt grading 0.85% Li₂O (26,200 t contained Li₂O)

 Inferred Resource: 5.3 Mt grading 0.91% Li₂O (49,500 t contained Li₂O)

o Cut-off Grade: 0.30% Li₂O (pit-constrained)

o Recovery: 81.5% Li₂O, based on SGS metallurgical testing

o Bulk Density: 2.69 t/m³

o Estimation Method: Inverse distance squared (ID²) on 2 × 2 × 2 m blocks

o Effective Date: September 3, 2024; prepared by P&E Mining Consultants Inc.; technical report

filed October 18, 2024.

METALLURGICAL TEST WORK

The early metallurgical results demonstrate that Jackpot mineralization can yield a high-grade spodumene

concentrate suitable for the lithium battery supply chain.

 Metallurgical testing was conducted by SGS Lakefield (2022–2023) on a 200 kg composite sample

grading 1.72% Li₂O and 0.29% Fe₂O₃.

 Heavy Liquid Separation (HLS) produced a 6.0% Li₂O spodumene concentrate with 81.5% Li₂O

recovery, and a concentrate iron content of 0.76% Fe₂O₃, without magnetic separation.

 Additional optimization through dense media separation (DMS) and flotation is expected to further

enhance recovery and concentrate grade.

 The Company adopted the 81.5% recovery figure within the MRE cut-off assumptions.

Grant of Options

Imagine further announces that it has granted 7,200,000 options to an officer and director of the company

exercisable at $0.05 for a period of 5 years from the date of grant. The options have been granted in

accordance with the Company's stock option plan.

Qualified Person

The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an

Independent Qualified Person as defined by the National Instrument 43-101.

About Imagine Lithium Inc.

Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects.

The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of

Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in

proximity to sources of power, railroads, and ports. The Jackpot Property consists of 297 mineral claims

covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources of 3.1 Mt grading

0.85% Li2O in the Indicated category and 5.3 Mt grading 0.91% Li2O in the Inferred category, as well as a

number of other known pegmatite showings.

ON BEHALF OF THE BOARD

"Simone Sze Man Suen"

Simone Sze Man Suen, President

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: +1-807-355-5405

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.sedarplus.ca).

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