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Foremost Lithium begins trading on OTCQB Venture Market

Listings & Exchange

FOREMOST LITHIUM ANNOUNCES IMMEDIATE APPROVAL TO BE UPGRADED TO

THE OTCQB VENTURE MARKET IN THE UNITED STATES AND CEO ROADSHOW TO

ENGAGE WITH GERMAN AND SWISS INSTITUTIONAL INVESTORS.

Highlands Ranch, Colorado, February 14, 2022, Foremost Lithium Resource &

Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0 | WKN: A3DCC8) ("FAT" or

the "Company") (www.foremostlithium.com), is pleased to announce it has been

successfully up-listed from the OTC Pink Sheets to the OTCQB Venture Market (the

“OTCQB”). Foremost Lithium’s symbol will remain unchanged on the OTCQB and will continue

to trade under the symbol “FRRSF”. The Company’s common shares will continue to trade on

the Canadian Securities Exchange under the symbol “FAT” and the Frankfurt Stock Exchange

under the symbol “F0R0”, and WKN: “A3DCC8”.

The OTCQB Venture Market, is recognized by the US Securities and Exchange Commission as an

established public market providing public information for analysis and value of securities designed for

developing and entrepreneurial companies in the U.S. and abroad. Companies must be current in

their financial reporting and undergo an annual verification and management certification process,

including meeting a minimum bid price and other financial conditions. With more compliance and

quality standards, the OTCQB provides investors improved transparency to make informed

investment decisions.

Scott Taylor, President and CEO of Foremost is travelling throughout Germany and Switzerland

starting February 17th until February 28th to engage with strategic European institutional investors

focused on hard rock lithium mining and strategic battery metals.

Scott Taylor, President and CEO of Foremost Lithium states: “One of the new management team’s

first corporate priorities was to clean Foremost up from the OTC Pink to the OTCQB Venture Market.

This process was successfully accomplished in 58 days since taking over as President and CEO of

Foremost. Trading on the OTCQB improves our Company’s reputation, provides credible market

transparency, and opens a new and extensive class of long-term institutional and retail US investors.

We shall now continue to mature the Company and pursue a subsequent upgrade to the OTCQX

Best Market. OTCQX Best Market Companies meet higher financial standards, follow best practice

corporate governance, demonstrate compliance with U.S. securities laws, have a professional third-

party sponsor introduction, and are one tier below a NASDAQ listing.”

Scott Taylor continues: “The Swiss and German roadshow is essential to connect Foremost to the

European institutional investment community which is highly focused on long ter m strategic

investments in hard rock lithium in secure jurisdictions like the Snow Lake District of Manitoba, Canada.

These two actions will improve shareholder value by systematically increasing the shareholder base

to be primarily composed of long term, strategically focused investors.”

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is an energy technology company focused and committed to become one of the first

North American Companies to produce high quality battery-grade lithium hydroxide. Lithium hydroxide

is a strategic battery mineral mainly consumed in the production of cathode materials for lithium ion

batteries. Lithium-based batteries power our daily use of consumer electronics, enable electrification

of the transportation sector, and provide stationary grid storage, critical to developing the clean-energy

economy. The Company is prudently and systematically exploring and building tonnage on its four

lithium properties, Jean Lake, Grass River, and Zoro located in Snow Lake, Manitoba, and Hidden

Lake in the Northwest Territories. Foremost Lithium also holds assets in precious commodities with

its Winston Gold/Silver Project in New Mexico, USA.

For further information please contact:

Scott Taylor

President and CEO

Foremost Lithium Resource &Technology

[email protected]

1 604 330-8067

Twitter: @lithiumlane

Follow us and contact us on social media:

Twitter: @foremostlithium

Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-

technology/mycompany

Facebook: https://www.facebook.com/ForemostLithium

Forward Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-

looking information" with respect to Foremost within the meaning of applicable securities laws.

Foremost provides forward-looking statements for the purpose of conveying information about

current expectations and plans relating to the future and readers are cautioned that such

statements may not be appropriate for other purposes. By its nature, this information is subject

to inherent risks and uncertainties that may be general or specific and which give rise to the

possibility that expectations, forecasts, predictions, projections or conclusions will not prove

to be accurate, that assumptions may not be correct, and that objectives, strategic goals and

priorities will not be achieved. These risks and uncertainties include but are not limited to

market conditions, exploration findings, results, and recommendations, as well as those risks

and uncertainties identified and reported in Foremost’s public filings under Foremost’s SEDAR

profile at www.sedar.com. Although Foremost has attempted to identify important factors that

could cause actual actions, events or results to differ materially from those described in

forward-looking information, there may be other factors that cause actions, events or results

not to be as anticipated, estimated or intended. There can be no assurance that such

information will prove to be accurate as actual results and future events could differ materially

from those anticipated in such statemen ts. Foremost disclaims any intention or obligation to

update or revise any forward -looking information, whether as lithium a result of new

information, future events or otherwise unless required by law.