Arctic Fox Lithium Corp. Stakes Additional Claims Contiguous to Its Kana Lake Lithium Project in the James BAY Region of Québec
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
September 18, 2023 Trading Symbol: CSE - AFX
FSE – O5K
ARCTIC FOX LITHIUM CORP. STAKES ADDITIONAL CLAIMS CONTIGUOUS TO ITS KANA
LAKE LITHIUM PROJECT IN THE JAMES BAY REGION OF QUÉBEC
VANCOUVER, BRITISH COLUMBIA ( September 18, 2023) – Arctic Fox Lithium Corp. (CSE: AFX / FSE:
O5K) (the “Company”) is pleased to announce that it has staked an additional five (5) claims covering
approximately 260 hectares contiguous to the south of its Kana Lake Lithium project in the James Bay region of
Québec. The Company’s technical advisers felt that it was important to add these claims that have recently
become available as it adds to an area where potential surface pegmatites have been previously mapped. These
additional 5 claims will be in the name of Arctic Fox Lithium Corp. and will initially be valid for three years from
the date of registration. The Kana Lake Lithium project now consists of a total of 1 13 claims covering
approximately 5,976 hectares.
Mr. Harry Chew, President, CEO and director , commented: “ As we prepare to do some exploration work and
LiDAR surveying on our projects it was important for us to stake these additional claims as they sit on potential
pegmatite bearing areas. We will continue to monitor claims across all of our projects as they come available and
if feasible stake them to add to our land holdings.”
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 presence 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 pegmatit es are consistent with the Fliszar Lithium 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% Be*.
The technical information contained within thi s News Release has been reviewed and approved by Gerald G.
Carlson, Ph.D., P.Eng., Director of Arctic Fox Lithium Corp. and Qualified Person as defined in National Instrument
43-101 Standards of Disclosure for Mineral Projects.
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.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
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.
Forward-Looking Information: This release includes certain statements that may be deemed "forward -looking statements". All statements in this release,
other than statements 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 activit ies on the propert ies described in 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 tha t any such statements are not guarantees 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.