Material Change Report
51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD. (the “Company”)
Suite 250, 750 West Pender Street
Vancouver, BC
V6C 2T7
Item 2 Date of Material Change
May 23, 2024
Item 3 News Release
A news release announcing the material change was published on May 23, 2024, and
distributed through Globe Newswire and filed on SEDAR.
Item 4 Summary of Material Change
On May 23, 2024 the Company announced that it has completed its Winter drill program
on its Zoro Lithium Project in Manitoba, Canada.
Item 5 Full Description of Material Change
The Company announced that it has successfully completed its 2024 winter diamond drilling
program on its Zoro property, which was previously announced in the Company’s press release
dated February 13, 2024. The Company completed 5,826 meters, 21 diamond drill holes targeting
untested mineralization to the south-east of Dyke 1, the Company's maiden inferred resource of
1,074,567 tons at a grade of 0.91% Li 2O, with a cut-off of 0.3%, as outlined in the Company’s
filed Regulation SK -1300 Technical Report Summary (2023) and NI -43-101 Technical Report
(2018).
Drilling results have demonstrated the continuity of lithium mineralization along Dyke 1 ,
targeting new, untested areas proximal to the dyke, as well as infill areas along strike and at depth.
In the west, the body is comprised of multiple near surface lithium-bearing pegmatites that range
up to an apparent 17.9 m thickness; Multiple 50-meter step-outs, perpendicular to the strike of
Dyke 1, were used to assess lateral continuity as well as the presence of at depth, extending Dyke
1 from a previous 265-meter strike length to greater than 400 meters. Spodumene was confirmed
in drill core in several of the 50 metre step out extensions, providing promising potential for new
resource calculation.
“We are pleased to announce the conclusion of a successful drill program on our Zoro Property,
which we believe is likely to reflect a continuity of mineralized lithium along Dyke 1,” said Jason
Barnard, President & CEO of Foremost Lithium. “As global lithium trends continue to straighten,
we look forward to the final assay results, which provide the potential for us to pursue additional
resource expansion on the Zoro property.”
The Company reported initial assay results (see press release dated April 08, 2024) on the first
two holes confirming lithium mineralization spanning a cumulative length of 25.92 metres
including 1.09% Li2O across 10 metres on drill hole FL24-010 and 1.52% Li2O in drill hole FL24-
009 across 5.02 meters. A total of 973 drill core samples have been collected for assay and
shipped to SGS Laboratories in Burnaby for detailed analysis. All remaining assays are still
pending and are anticipated to be reviewed and completed in approximately 4 to 6 weeks.
Drilling Details*
Hole ID Prospect Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(deg.)
Dip
(deg.)
Depth
(m)
FL24-001 Dyke 8 459503 6080341 291 68 55 125
FL24-002 Dyke 8 459487 6080307 290 68 65 176
FL24-003 Dyke 8 459496 6080388 291 77 55 125
FL24-004 Dyke 8 459494 6080256 291 100 65 149
FL24-005 Dyke 8 459435 6080198 295 93 45 119
FL24-006 Dyke 8 459440 6080115 296 102 45 125
FL24-007 Dyke 1 458332 6079101 280 74 45 248
FL24-008 Dyke 1 458274 6079080 280 73 55 395
FL24-009 Dyke 1 458369 6078943 287 77 55 308
FL24-010 Dyke 1 458369 6078943 287 77 45 287
FL24-011 Dyke 1 458383 6078886 286 76 45 300
FL24-012 Dyke 1 458383 6078886 286 74 55 311
FL24-013 Dyke 1 458323 6078872 288 76 60 449
FL24-014 Dyke 1 458398 6078833 286 75 45 299
FL24-015 Dyke 1 458332 6078826 288 75 55 425
FL24-016 Dyke 1 458349 6078773 287 75 45 395
FL24-017 Dyke 1 458407 6078788 286 75 45 350
FL24-018 Dyke 1 458461 6078856 286 75 45 200
FL24-019 Dyke 1 458322 6078872 288 70 52 350
FL24-020 Dyke 1 458276 6079080 273 95 52 350
FL24-021 Dyke 1 458322 6078873 288 68 52 350
*Data Verification / Quality Assurance and Quality Control
Due to the vertical orientation and variable nature of mineralization at the Company’s Dyke 1
deposit, the reported drill intersection lengths, derived from linear measurements along the drill
core, may not accurately represent the true width of the mineralized zones. Best practice drilling
techniques and geological interpretation were utilized to intersect mineralization in an
orientation that approximates the true width as closely as feasible.
Figure 1: Location of diamond drill holes from the Winter 2024 drill campaign superimposed on magnetic Root-To-
Pole (RPT) geophysical data.
Dyke 1 – Future Potential
The body is still open in all directions indicating potential for continued resource expansion and
subsequent future drill program s. Foremost will be reporting the results of all assays on a
subsequent news release.
Qualified Person
Technical information in this news release has been reviewed and approved by Matthew Carter,
P.Geo., who is a Qualified Person as identified by Canadian National Instrument 43 -101-
Standards of Disclosure for Mineral Projects and as defined by the Securitie s and Exchange
Commission’s Regulation S-K 1300 rules for resource deposit disclosure.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
N/A
Item 8 Executive Officer
The following executive officer of the Company is knowledgeable about this report and
the material change disclosed herein:
Jason Barnard, President and CEO
Foremost Lithium Resource & Technology Ltd.
(604) 330-8067
Item 9 Date of Report
May 23, 2024