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United Lithium Intersects 1.45% Li2O over 29.5 m and 1.52% Li2O over 26 m at Kietyönmäki Project, Finland

Drill Results

CSE: ULTH | OTC: ULTHF | FWB: 0ULA

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United Lithium Intersects 1.45% Li2O over 29.5 m and 1.52% Li2O over 26 m at

Kietyönmäki Project, Finland

Vancouver, British Columbia

October 19, 2023 – United Lithium Corp. (CSE: ULTH ; OTC: ULTHF ; FWB: 0ULA) (“United” or the

“Company”) is pleased to announce results of drilling from the Kietyönmäki Project (“Kietyönmäki “ or

the “Project”), in Finland. The Company completed approximately 1,450 metres (“m”) of diamond drilling

targeting the lithium-mineralized Main Dyke. Drill-confirmed to be more than 200 m long, up to 25 m wide

and extending to a depth of at least 160 m, the expansion of the Main Dyke remains open along strike to

the southeast and at depth. The geology of the host rocks and pegmatite composition at Kietyönmäki are

similar to that observed in the Kaustinen region of Finland, which hosts the Keliber Lithium Project, owned

85% by Sibanye-Stillwater Corp. The Keliber Project hosts 17 million tonnes at 1.02% Li2O according to its

mineral resource estimate in its October 2022 Definitive Feasibility Study.1

Highlights

• High-grade lithium oxide results include:

o 1.52% Li2O over 25.95 m from 33.70 m depth down hole in hole ULDH-3; and

o 1.45% Li2O over 29.50 m from 69.10 m depth down hole in ULDH-4.

• This new drilling builds upon positive historical drill results from previous operators including:

o 1.53% Li2O over 23 m drilled by the Finnish Geological Survey (“GTK”); and

o 1.10% Li2O over 42 m by previous operator Sunstone Metals Ltd. (“Sunstone”).

• Drilling confirmed the extent of the Main Dyke to be greater than 200 m in length and extending

to at least 160 m depth, while remaining open along strike to the southeast and open at depth;

• Percussion drilling indicates that lithium -mineralized pegmatite is present as far as 230 m

southeast of the Main Dyke outcrop;

• Boulder sampling recovered lithium-bearing pegmatite samples ranging from 0.88% Li2O to 2.44%

Li2O. Pegmatite intercepts from percussion drilling and these boulder samples are expected to be

followed up in early 2024 exploration work to generate drill targets; and

• Recently increased land package at Kietyönmäki to approximately 21,000 hectares (“ha”).

Scott Eldridge, United’s President, and CEO stated: “We are pleased to release United’s maiden drill results

in Finland. Previous operators had delivered encouraging results and we have now extended the known

mineralized boundaries of the M ain Dyke, w hich remains open. The Project has tremendous upside

potential exhibited by high-grade lithium bearing boulders that are not yet explained. Of note, the Keliber

Lithium Project was firs t discovered by identifying such boulders . The Kietyönmäki P roject now has a

district scale footprint with the recent addition of 20,000 hectares.”

Drill Program Details

The 2022-2023 drilling program at Kietyönmäki comprised 13 diamond drill holes for a total of 1,449.40

m (refer to Table 1 for drill hole information ), and the collection of 100 percussion drill hole samples

completed between September 2022 and February 2023 (Figure 1) . The diamond drilling aimed to

complete both infill and expansion drilling on the Main Dyke, whereas the percussion drilling target ed

discovery outside the Main Dyke. The drill program was successful in expanding the drill -confirmed

length of the Main Dyke from 60 m to approximately 205 m and in confirming the depth of the body to

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at least 160 m depth below surface. Percussion drilling results highlight possible new pegmatites that

warrant follow up drilling in 2024, with two occurrences located 100 m and 230 m southeast of the Main

Dyke. The Main Dyke is spodumene and petalite bearing with some notable tin and tantalum

mineralization with SnO2 values up to 4,228 ppm and Ta2O5 up to 691 ppm. Refer to Table 2 for diamond

drilling results. Lithium-mineralization commonly continues beyond the margin of pegmatite intercepts

into wall rock with values up to 0.59 % Li2O in host mica schists and metavolcanics. Please refer to Figure

2 for a three -dimensional view and a cross section view of diamond drilling and modeled pegmatite

bodies. Select drill core photos are shown in Figure 3.

Prospecting and Further Work Plans

United contractors conducted field prospecting and sampling contemporaneously with, and post-drilling

across the main Kietyönmäki tenure. A total of 44 surface samples were collected, and of these, 18 were

outcrop pegmatite samples and 26 were boulder pegmatite samples (Figure 4 ). Three high -grade

boulders samples returned values of 0.88% Li2O, 1.37% Li2O and 2.24% Li2O. Also, some notable tantalum

and tin values were identified and all occurrences . These, combined with some historically identified

pegmatites, warrant follow up in a potential spring 2024 exploration program. A potential 2024 program

may involve geophysical surveying, further prospecting and a soil and till geochemical and indicator

mineral sampling program. More details will be shared once program design is finalized.

Figure 1: Kietyönmäki Project location and location of drill holes completed to date.

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Geology

The Kietyönmäki Project is situated within the Häme belt which comprises mainly amphibolites and mica

schists intercalated with greywackes and metapelites of the Forssa Volcanic Suite (1.9 -1.7 billion years

old). The succession has been intruded by gabbros, diorites, granodiorites, tonalites and later by K-

granites as well as pegmatites. Rocks in the region have been metamorphosed to lower amphibolite-facies

conditions. The Kietyönmäki dyke swarm is composed of several near -vertical dipping spodumene (as

spodumene-quartz intergrowths) and petalite-bearing pegmatite dykes, the largest being the Main Dyke.

The Main Dyke has now been drill -defined to be up to 25 m wide and more than 200 m length and

confirmed to extend to at least 160 m depth below surface. This dyke is hosted in an assemblage

comprising mica schists, metavolcanics and amphibolite gneiss with rare feldspar porphyry intrusives.

Mica schists are altered to chlorite and biotite and commonly contain altered (to chlorite) andalusite and

more rarely garnet. There is variable till cover (up to 3 m) and boulder occurrences are present across the

Project.

Kietyönmäki has similarities geologically to the Kausti nen region of Finland, which hosts the Keliber

Lithium Project, owned 85% by Sibanye -Stillwater Corp. Keliber hosts an estimated 17 million tonnes at

1.02% Li2O in its mineral resource estimate, as disclosed in its October 2022 Definitive Feasibility Study .1

Keliber is currently under construction with a targeted 15,000 tonnes per annum battery grade LiOH

production capacity.1

1Sibanye Stillwater corporate presentation on the Keliber Project, November 28, 2022.

Table 1: Kietyönmäki Project 2023 diamond drill hole summary

Hole ID Easting

(m)

Northing

(m)

Elevation

(m)

Azimuth

(degrees)

Dip

(degrees)

Depth

(m)

ULDH-1 310098 6737290 124 45 -45 67.10

ULDH- 2 310089 6737282 124 45 -57 121.70

ULDH- 3 310133 6737253 124 45 -45 68.40

ULDH- 4 310123 6737243 124 45 -60 108.80

ULDH- 5 310140 6737224 124 45 -47 80.30

ULDH- 6 310128 6737211 124 45 -60 142.45

ULDH- 7 310176 6737203 124 45 -50 86.20

ULDH- 8 310158 6737185 124 45 -63 152.40

ULDH- 9 310194 6737168 124 45 -45 92.40

ULDH- 10 310174 6737147 124 45 -60 158.40

ULDH- 11 310225 6737130 124 45 -45 97.65

ULDH- 12 310195 6737100 124 45 -50 194.00

ULDH- 13 310234 6737257 124 30 -45 79.60

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Table 2: Kietyönmäki Project 2023 diamond drill hole intercepts

Note: All intervals are core length and presented for all pegmatite intervals greater than 2 m. Some

intercepts may include intervals of non-pegmatite (< 3m drilled width). Oxides are calculated from

assayed results. All Li2O results are reported, and no lower cut-off grade has been used to report results.

For those intervals reported that are less than 2 m width, the significant tantalum or tin contents

warranted reporting.

Hole ID From (m) To (m) L ength (m) Li2O

( %)

Ta2O5

(ppm)

SnO2

(ppm)

33.80 42.70 8. 90 1.43 135 195

including 37.40 39.20 1.80 2.73 91 140

15.65 17.70 2.05 0.90 342 598

64.00 72.20 8.20 0.13 182 842

including 66.00 68.00 2.00 0.87 162 1,079

102.40 105.90 3.50 0.21 151 225

110.00 111.80 1.80 0.09 168 4,228

33.70 59.65 25.95 1.52 110 290

including 35.70 37.70 2.00 2.90 73 391

and including 45.70 49.70 4.00 2.22 102 507

26.50 28.65 2.15 0.40 156 185

69.10 98.60 29.50 1.45 82 315

including 72.60 88.60 16.00 1.72 97 407

and including 90.60 96.60 6.00 1.90 48 234

43.60 62.20 18.60 0.90 62 189

including 50.50 55.60 5.10 1.41 109 334

and including 56.90 60.55 3.65 1.49 75 131

23.45 34.70 11.25 0.02 98 126

91.20 105.20 14.00 0.66 52 261

including 91.20 99.20 8.00 1.00 53 223

ULDH-7 45.40 70.15 24.75 0.22 64 92

48.40 63.30 14.90 0.09 195 110

including 61.80 63.30 1.50 0.02 691 95

122.90 140.00 17.10 1.00 106 1,182

and including 136.90 138.90 2.00 0.90 165 3,656

ULDH-9 52.20 56.70 4.50 0.03 131 180

106.50 115.40 8.90 0.05 34 144

132.10 136.50 4.40 0.04 31 182

ULDH-11

ULDH-12 174.00 177.40 3.40 0.02 38 32

ULDH-13

ULDH-10

No significant intercepts

ULDH-6

No significant intercepts

ULDH-1

ULDH-2

ULDH-5

ULDH-8

ULDH-3

ULDH-4

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Figure 2: Oblique view and cross section of the Main Dyke with select drilling results

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Figure 3: Kietyönmäki Project Diamond Drilling Core Photos

Drill hole ULDH-3 with pegmatite reporting 1.52% Li2O over 25.95 m from 33.70 m depth down hole.

Drill hole ULDH-4 with pegmatite reporting 1.45% Li2O over 29.50 m from 69.10 m depth down hole.

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Figure 4: Kietyönmäki Project regional prospectivity showing the Main Dyke in relation to boulder and

outcrop occurrences that are proposed to be followed up in 2024.

Work History

The Project was acquired in early 2022 (see news release dated February 14, 2022) via a transaction with

a consor tium to purchase 83.6% of the issued and outstanding share capital of the private entity

Litiumlöydös Oy, which holds a 100% interest in the licenses that comprise the Project. Following the

completion of this transaction the Company expanded the Project b y 535 ha ( see news release dated

September 14, 2022), increasing the total land package to 900 ha. In 2023, United acquired a clai m

reservation over a new parcel located 6.1 km to the southeast of Kietyönmäki , referred to as Salkola,

covering 20,170 ha, bringing the total size of the Project to 21,070 ha.

The lithium-bearing pegmatites at Kietyönmäki were discovered in the mid-1980’s by the GTK. Their work

identified the pegmatite dyke swarm and provided an initial test of the largest body, (the Main Dyke) via

17 diamond drill holes ( 734 m), channel samples along nine profile line s and a ground magnetic survey.

Diamond drilling was completed along three sections and was shallow, at no deeper than 70 m depth

below surface. GTK drill-defined the Main Dyke to approximately 20 m width and approximately 50 m

Main Dyke

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length, extending this to 120 m length with the addition of their channel sampling results. Some notable

drilling results include 1.31% Li2O over 24.25 m from 58.75 m depth down hole (hole R310) ; 1.66% Li2O

over 13 m from 86.00 m depth down hole (hole R3 16); and 1.53% Li2O over 23 m from 14.10 m depth

down hole (hole R307).

In 2016, previous operator Sunstone Metals completed six diamond drill holes ( 1,172 m total) which

further tested the Main Dyke along the same section lines that GTK had drilled (infill drilling). The most

significant intersection was 1.10% Li2O over 42 m from 17.88 m depth down hole (hole KMDD001).

Quality Assurance and Quality Control

Core drilling was completed using a GM200 rig, drilling NQ -diameter core by Mitta Oy of Oulu, Finland.

Diamond drilling samples were logged, photographed and samples selected for analyses were cut in half

before being labeled and securely shipped to ALS Scandinavia AB (“ALS”) in Piteå, Sweden for preparation.

Once prepared, samples were securely shipped by ALS to their laboratory in Loughrea, Ireland for analysis.

Samples were analysed by the ME -MS81 method (lithium borate fusion followed by ICP -MS) and ME-

4ACD81 (base metals by four acid digestion ). 28 of the samples were re -assayed by method ME -MS89L

(super trace sodium peroxide fusion followed by ICP-MS) to ensure high values of lithium were captured,

as ME-MS81 has an upper limit of 10,000 ppm for lithium. Standards and blanks were inserted into the

sample stream at regular intervals (10 blanks, 13 standards out of 169 total assays). After preparation, 17

duplicate samples were sent by ALS to CRS Labora tories in Kempele, Finland for QAQC checking.

Percussion drilling was completed using a GM1000 rig also by Mitta Oy. Samples were described and those

that intersected pegmatite were sent for preparation to ALS in Piteå. Once prepared pulps were securely

shipped by ALS to their laboratory in Loughrea, Ireland for analysis by the ME -MS89L method. Surface

rock samples were described in detail after collection, site locations were recorded and samples were sent

to ALS Scandinavia AB in Pite å, Sweden, with final pulps produced at ALS in Rosia Montana, Romania.

Once prepared, pulps were securely shipped by ALS to their laboratory in Loughrea, Ireland for analysis

by method ME-MS89L.

Qualified Person

The scientific and technical data contained in this news rel ease was reviewed and approved by Cathy

Fitzgerald, M.Sc., P.Geo., United’s Executive Vice President, Exploration and Director. Ms. Fitzgerald is a

registered professional geologist in British Columbia and a Qualified Person as defined by NI 43 -101

Standards of Disclosure for Minerals Projects. Ms. Fitzgerald is not independent of the Company.

On Behalf of The Board of Directors

“Scott Eldridge”

President, Chief Executive Officer and Director

Telephone: 604-428-6128

Email: [email protected]

About United Lithium Corp.

United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global

demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with