Lithium Drilling Program Commences at East Vallée Program Will Continue to Trace NAL Mine Pegmatites Eastward

TSXV: CLM |OTCQB: JORF | FRA: 2JR1

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Lithium Drilling Program Commences at East Vallée

Program Will Continue to Trace NAL Mine Pegmatites Eastward

June 3, 2024

Toronto, Canada – Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“ CLM” or the

“Company“) is pleased to announce that the Phase I 2024 drilling program has commenced on the Company’s East

Vallée Lithium Project, located in the Abitibi Greenstone Belt approximately 30 km northwest of Val -d’Or, Quebec

(see Figure 1) . The East Vallée Project is located immediate east and adjacent to the Company’s Vallée JV Project

(75% CLM and 25% Sayona Mining) and only 1,000 m east and along strike of Sayona’s North American Lithium

(“NAL”) Mine, the largest operating lithium mining facility in North America.

On February 14, 2024, the Company announced that the Vallée JV partners had successfully traced the NAL Mine

P e gm a ti t e s w a r m f r o m t h e S a y on a N A L M i n e P ro p e r t y a c r o ss t h e e n ti r e V a l l é e J V P r op e r t y right to the western

boundary of the Company's East Vallée Project (see CLM News which is available under the Company’s SEDAR+ profile

at www.sedarplus.ca). The Core Pegmatite Dyke, the key dyke within the NAL Mine Swarm, has been traced over a

4 .2 k m s t r i k e l e n g t h a nd r e m a i n s o p e n f o r e xp a n si o n a lo n g s t r i k e t o t h e e a s t o n CL M ’ s 1 00 %-owned East Vallée

Project. The Company believes that the Core Pegmatite and adjacent spodumene-bearing dykes likely continue onto

East Vallée. The East Vallée Project overlies an additional 5 km of the highly prospective Vallée Lithium Trend that

has never been drill -tested for lithium (see Figure 2) . Several other parallel lithium -bearing dykes have also been

traced eastward to the East Vallée Property boundary.

The Phase I program will consist of 12 drill holes totaling approximately 2,400 m and will test the Core Pegmatite and

flanking pegmatites along drill fences spaced 400 m etres apart starting at the western property boundary . All

necessary permits required to commence the program have been received which include authorization for

supplemental drill sites which will allow the Company to immediately follow-up successful drill holes at tighter hole

spacings. Forage Lamontagne Fortier has been contracted to provide drilling services.

Richard Quesnel, CLM’s CEO stated, “Since successfully tracing lithium -bearing pegmatites from the NAL

Mine across our Vallée JV Property last November, we have been eagerly awaiting the commencement of

this East Vallée drilling program. Pegmatite dykes along the Vallée Trend are known to pinch and swell along

their strike length. CLM is excited to continue to trace th is swarm east along the Vallée Lithium Trend into

untested lithium lands. We are eagerly looking forward to the results of our drilling program this summer.”

TSXV: CLM |OTCQB: JORF | FRA: 2JR1

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Figure 1 - CLM Regional Projects Map with Phase I drilling campaign area indicated in red [property boundaries from Company

resources and historical drill hole, geology and showing information from the Government of Quebec website

https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr .]

TSXV: CLM |OTCQB: JORF | FRA: 2JR1

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Figure 2 – Map showing approximate locations of the drill holes for Phase I on the East Vallée drilling program and the location

of drill-indicated pegmatites intersected in 2023 on the Company’s adjacent Vallée JV Property initially disclosed in the CLM news

release dated February 14, 2024. Property boundaries from Company resources and historical drill hole, geology and showing

information from the Government of Quebec website https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr .

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Roger Lemaitre, P .Eng.,

P. G e o . , the Company’s Senior Vice President & Head of Mining who is a “Qualified Person” as defined in National

Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Consolidated Lithium Metals Inc.

Consolidated Lithium Metals Inc. (formerly known as Jourdan Resources Inc.) is a Canadian junior mining exploration

company trading under the symbol “CLM” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange.

The Company is focused on the acquisition, exploration, production, and development of mining properties. The

Company’s properties are in Quebec, Canada, primarily in the spodumene -bearing pegmati tes of the La Corne

Batholith, around North American Lithium’s Quebec lithium mine.

For more information:

Richard Quesnel, CEO and President

Email | [email protected]

TSXV: CLM |OTCQB: JORF | FRA: 2JR1

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Phone | 6320-(514) 249

Website |www.consolidatedlithium.com

Cautionary Statements

The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insuffici ent exploration to

define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource.

In addition, sample results at or around, and information applicable to, New Athona, the North American Lithium or Molybdenit e Corporation

mines are not indications of results that could be obtained at, or information applicable to, any of CLM’s properties.

This press release contains “forward- looking information” within the meaning of applicable Canadian securities legislation. Forward- looking

information includes, but is not limited to, statements with respect to the scope, objectives, and expected results of the Company’s summer 2023

exploration program and the Company’s ability to execute its business plan. Generally, forward-looking information can be identified by the use of

forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,

“intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events

or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and

unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achieveme nts of CLM to be

materially differ ent from those expressed or implied by such forward- looking information, including but not limited to: receipt of necessary

approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour

disputes and shortages and other risks of the mining industry. Although CLM has attempted to identify important factors that could cause actual

results to differ materially from those contained in forward- looking information, there may be ot her factors that cause 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 statements. Accordingly, readers should not place undue reliance on forward- looking

information. CLM does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER 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.