Discovery Lithium Provides Project Overview

Company builds plan for district-scale discovery in booming lithium sector

VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) — Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (the “Company” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to provide a summary of recent project acquisitions in Quebec’s booming lithium sector.

Company President & CEO Michael Gheyle advises, “2023 has been an eventful year for Discovery Lithium as we progress and build out our footprint as lithium explorers in Quebec. Our exploration approach received a massive kick-start when respected prospector Shawn Ryan brought us the results of a provincial study of lake bottom sediments that he found correlating data that pointed to a number of strategic acquisitions. The targets in Quebec are lithium-bearing pegmatites and as such, we are tailoring our exploration plans to get onto our properties quickly and efficiently to develop a comprehensive drill campaign to properly unearth the lithium potential in this red-hot region.”

Highlights

• Acquired 2 large pegmatite assets from award-winning prospector Shawn Ryan in Nunavik
• Phase 1 work program in Nunavik completed, awaiting results
• Acquired 4 pegmatite assets in James Bay and eastern Quebec
• Canada’s lithium found in Quebec – with recent notable activity by companies like Patriot Battery Metals, Li-FT, Sayona, and Nemaska amongst many others. With the James Bay Region as the current hot spot and the far north as a potential game changer.

Project Locations

Northern Quebec (Nunavik)

• Vaubert 2,113 mineral claims, 89, 027 hectares / ~220,000 acres
• Serindac 1,675 mineral claims, 75,256 hectares / ~186,000 acres

James Bay Region, Quebec

• Route Du Nord 112 mineral claims, 5,972 hectares /~14,757 acres

Eastern Quebec

• Lac Belanger 80 mineral claims, 4,384 hectares / ~10,833 acres
• Lac Ferland 72 mineral claims, 3,945 hectares / ~9,748 acres
• Lac Robertson 39 Mineral claims, 2,091 hectares /~5,166.9 acres