Arctic Fox Phase 2 Exploration Program Results at Pontax North
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
January 22, 2025 Trading Symbol: CSE - AFX
FSE - O5K
ARCTIC FOX PHASE 2 EXPLORATION PROGRAM RESULTS AT PONTAX NORTH
VANCOUVER, BRITISH COLUMBIA ( January 22, 2025) – Arctic Fox Lithium Corp. (CSE: AFX /
FSE: O5K) (the “Company”) is pleased to announce that it has received assay results for its Phase 2
exploration program from ALS Laboratory in Val d’Or, Québec. As previously announced on October
30, 2024 the Phase 2 exploration program lasted nine (9) days in total and consisted of controlled
blasting in three (3) areas of interest. The following map shows the three (3) areas of interest along
with six (6) primary targets that underwent controlled dynamite blasting to expose fresh rock for
description and assaying. The geological team collected eighteen (18) samples , three (3) from each of
the six (6) primary targets. The final assay results received from ALS Laboratory in Val d’Or, Québec
indicate that all eighteen (18) samples collected were marginally anomalous for lithium (Li). However
with the lithium market in general being quite depressed the values indicated are not conducive for the
Company to continue further exploratory work at this time.
Harry Chew, Chief Executive Officer of Arctic Fox, commented, “Our Phase 2 exploration results have
highlighted some marginally anomalous results for lithium and other strategic minerals on the Pontax
North property. We have gained a lot of information from our Phase 2 exploration program however
with the current state of the lithium market the Company will have to assess its current position and
explore its options including adding other properties or assets to its portf olio to create shareholder
value”.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
Figure 1: Blast preparation target #2 Figure 2: Freshly Exposed rock target #2
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
About Arctic Fox Lithium Corp.
Arctic Fox Lithium Corp. is a junior mineral exploration company focused on the acquisition and development of
mineral properties containing battery, base and precious metals.
The Company’s 2,756-hectare Pontax North Lithium Project (“Pontax North”) is located 12 km south of Allkem
Ltd. (ASX/TSX:ALLKEM) (“ Allkem”) James Bay Lithium P roject and 12 km north of Stria Lithium Inc.’s
(CSE:SRA) Pontax Lithium Project, located in northern Québec, approximately 130 km east of the Eastmain Cree
Nation’s community.
The northern portion of Pontax North contains a lithium prospective zone in a similar geological environment to
Allkem’s project. According to the Quebec Ministère de l’Énergie et des Ressources Naturelles (MERN) the
Causabiscau Suite is characterized by the abundance of S -type pegmatitic granite intrusions, a lithology known
for its Be, Li, Cs, Nb, and Ta potential. Beryl (a beryllium silicate mineral) is reported in several outcrops within
this zone. The Property is known to contain a 10 km long pegmatite trend as mapped by MERN. Thi s trend
appears to be underexplored, despite its recognized lithium potential. Swarms of lithium -bearing granitic dykes
are present 12 km north of the Property at Allkem’s Cyr deposit and at Stria Lithium’s Pontax deposit 12 km to
the south.
References to adjacent properties:
12 km North: Allkem Ltd. James Bay Lithium:
The technical report entitled “NI 43-101 Technical Report Feasibility Study James Bay Lithium Project Quebec,
Canada” prepared by G Mining Services, SLR Consulting, Wave International and WSP Canada and dated
September 29, 2023.
12 km South: Stria Lithium Inc. (Pontax Lithium Project):
https://strialithium.com/exploration/pontax-project/
* This news release contains information about adjacent properties on which Arctic Fox has no right to explore or
mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on
the Company’s properties.
The technical information contained within this News Release has been reviewed and approved by Benjamin Mougin,
P.Geo, M.Sc. and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral
Projects. Benjamin Mougin is independent of Arctic Fox Lithium Corp.
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
Twitter: https://twitter.com/arcticfoxLi
LinkedIn: https://www.linkedin.com/company/arcticfoxlithium
Facebook: https://www.facebook.com/arcticfoxlithium
Instagram: https://www.instagram.com/arcticfoxlithium
YouTube: https://www.youtube.com/@arcticfoxlithium
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 fieldwork
described in this press release; and the future potential of and exploration on the properties described in this press release. Factors that could cause actual
results to differ materially from those in forward looking statements include the failure to complete the fieldwork on the timing and terms as contemplated or
at all; uncertainty with respect to the results of future exploration and the ability to conduct any exploration activities on the pr operties described in this
press release; market prices; disruptions relating to the COVI D-19 pandemic; and 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, assumptio ns regarding general
business and economic conditions; in order to conduct anticipated exploration activities ; and that the exploration compilation work described in this press
release will be completed as anticipated . Investors are cautioned that any such statements are not guarantees of future p erformance 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.