ILI.V · 2025-10-03 12:00:00

Imagine Lithium Identifies New Lithium Zones on Jackpot Property

Corporate Updates

Imagine Lithium Identifies New Lithium Zones

on Jackpot Property

Highlights:

Prospecting has identified six NEW spodumene mineralized zones that are outside the known

resource envelope.

Expansion of the Jackpot lithium mineralization through geological mapping and surface rock

sampling.

Sample results include 4.155% Li

O, 3.918% Li

O and 3.596% Li

O from 145 samples throughout

the property.

The Jackpot Property consists of 297 mineral claims covering 18,800 hectares.

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2025) -

IMAGINE LITHIUM INC.

(TSXV: ILI)

(OTCQB: ARXRF)

(the "Company" or "Imagine")

is pleased to report a successful field season to

expand the known lithium mineralisation on the Jackpot property.

The Jackpot lithium project is located in the Georgia Lake Pegmatite Field, approximately 140 km

northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of

mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha

land package (Figure 2).

The 2025 exploration program focused on property wide expansion of the known lithium mineralization

on the property (Figure 2). Geological mapping and surface rock sampling was completed to follow-up

soil geochemical anomalies identified by the 2024 program and additional soil sampling was completed

to infill gaps in the older girds. During the 2025 field program, a total of:

1,106 field mapping stations were observed;

145 surface grab samples were collected for assay outside the current resource envelope;

28 muscovite samples were collected for LIBS geochemical analysis;

306 soil samples collected from the northern portion of the property (Jackpot West and Newkirk

area); and

199 soil samples collected from the SW infill grid (north of MNW area).

Figure 1:

Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2962/269014_73d7d455640f8a18_001full.jpg

Figure 2:

Jackpot project target zones and diamond drillhole collar locations.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2962/269014_73d7d455640f8a18_002full.jpg

Results of the geological mapping and sampling program yielded 34 samples that returned greater than

0.10% Li

O, with an additional 8 samples returning tantalum values anomalously higher than 100 ppm Ta

in bedrock (Table 1). The highest bedrock sample returned 3.92% Li

O from 85 bedrock samples and

the highest boulder sample returned 4.16% Li

O from 60 boulder samples throughout the property

(Figure 3).

Table 1. Highlights of 2025 Surface Grab Samples Li

O (%)

Sample ID

UTM E

UTM N

O %

Ta (ppm)

K/Rb

Occurrence

487615

428136

5457163

4.155

8.8

Boulder

487583

431656

5456574

3.918

99.7

Outcrop

487737

429764

5463597

3.596

130

Boulder

487614

432222

5460802

3.509

2.4

Boulder

487736

429768

5463570

3.488

292

Subcrop

487585

430310

5460007

3.402

Boulder

487559

432030

5459442

2.907

Boulder

487565

432120

5459630

2.734

21.5

Boulder

487653

426929

5456950

2.691

23.6

Boulder

487739

429800

5463609

2.627

65.3

Boulder

487564

431947

5459457

2.519

21.7

Boulder

487600

428840

5460019

2.476

3.4

Boulder

487582

431624

5456581

2.153

124

Outcrop

282971

431615

5457724

2.112

42.6

Bedrock

487740

429819

5463642

1.869

102

Boulder

487609

431613

5457720

1.839

66.2

Outcrop

487734

429788

5463582

1.735

Boulder

487587

430554

5460710

1.425

51.4

Boulder

487701

425971

5460170

1.322

13.8

Boulder

487706

432605

5460995

1.240

39.2

Boulder

282969

436151

5473996

1.238

44.1

Bedrock

487738

429814

5463617

1.234

140

Boulder

487595

429906

5459611

1.171

40.9

Boulder

487624

433069

5461440

1.115

43.4

Subcrop

487623

433115

5461453

1.053

15.7

Boulder

487704

432771

5461161

0.771

33.2

Boulder

487569

431667

5459386

0.360

59.2

Boulder

487558

432111

5459552

0.353

4.8

Boulder

487563

431794

5459506

0.325

280

Boulder

487562

432113

5459495

0.271

18.9

Boulder

487703

432802

5461185

0.243

Boulder

487705

432765

5460980

0.217

Boulder

487567

431989

5459614

0.180

Boulder

487639

432665

5460995

0.101

Boulder

487743

432917

5455683

0.026

205

Outcrop

487654

430757

5463261

0.004

147

Subcrop

487731

432705

5456421

0.008

121

Outcrop

487649

440055

5459580

0.004

118

Outcrop

487591

430194

5459890

0.011

112

Outcrop

487730

432717

5456397

0.036

109

Outcrop

487608

431555

5457713

0.021

101

Outcrop

487590

430188

5459887

0.007

100

Outcrop

Figure 3:

Jackpot project surface grab sample results from the 2025 field program.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2962/269014_ili10032025.jpg

Of the six new spodumene mineralized zones, Jackpot West and Cosgrave North have in-situ lithium

pegmatite on surface (Figure 3). The Jackpot South and Newkirk Zones consist of subcrop and

boulders, while the Southwest Zone and Blay Lake Zone are defined by boulders (Figure 3). The Jackpot

South, Blay Lake, Jackpot West, Cosgrave North and Newkirk Zones will all be permitted for diamond

drilling and bedrock stripping that will be completed in the winter and spring of 2026.

Simone Suen, President of Imagine, commented:

"We have discovered lithium mineralization in

new areas of the property that have previously been untested and

we are currently prioritizing diamond

drill targets based on a very productive summer prospecting season. Our team is very excited to

commence drilling on these new targets and we are in an excellent position to build on our 3.1 Mt

indicated and 5.3 Mt inferred (grading 0.85% and 0.91% Li

O, respectively) Mineral Resource on the

project."

Scale (m)

QA/QC Protocol

Imagine Lithium implemented a strict QA/QC protocol in processing all rock and soil samples collected

from the core material and soil horizons obtained on the Jackpot property. The protocol included the

insertion and monitoring of appropriate reference materials. High and low concentration certified lithium

standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.

All collected core rock and soil samples were put in sturdy plastic bags, tagged, and sealed in the core

shack under the supervision of a professional geologist. The sample number, depth and brief description

of each sample is logged and entered to a digital database. Rock core samples were split using a

diamond saw with half of the sample remaining in the core box and the other being placed in a labelled

sample bag. Duplicate samples were quarter split and placed into individual sample bags.

All sample bags were put into rice bags and stored securely before being delivered to AGAT

Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in

Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish. Soil

samples were placed into small brown paper bags and analyzed by 4-Acid digest with ICP-OES and

ICP-MS Finish.

Qualified Person

The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an

Independent Qualified Person as defined by the National Instrument 43-101.

About Imagine Lithium Inc.

Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral

projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140

km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy

11), and is in proximity to sources of power, railroads, and ports.

The Jackpot Property consists of 297

mineral claims covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources

of 3.1 Mt grading 0.85% Li

O in the Indicated category and 5.3 Mt grading 0.91% Li

O in the Inferred

category, as well as a number of other known pegmatite showings.

ON BEHALF OF THE BOARD

"Simone Sze Man Suen," President

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: +1-604-683-3995

Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which

relate to future events or future performance and reflect management's current expectations and

assumptions. Such forward-looking statements reflect management's current beliefs and are based

on assumptions made by and information currently available to the Company. Investors are

cautioned that these forward-looking statements are neither promises nor guarantees and are subject

to risks and uncertainties that may cause future results to differ materially from those expected. These

forward -looking statements are made as of the date hereof and, except as required under applicable

securities legislation, the Company does not assume any obligation to update or revise them to

reflect new events or circumstances. All the forward-looking statements made in this press release are

qualified by these cautionary statements and by those made in our filings with SEDAR in Canada

(available at

www.sedarplus.ca

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/269014

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