Wide, High-Grade Lithium Intercepts at Vega Zone, and New High-Grade Discovery at CV13
PMET Resources Inc.
Suite 900 - 1801 McGill College, Montreal, Qc, Canada, H3A 1Z4
www.pmet.ca / TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
Wide, High-Grade Lithium Intercepts at Vega Zone, and New
High-Grade Discovery at CV13
January 21, 2026 – Montreal, QC, Canada January 22, 2026 – Sydney, Australia
HIGHLIGHTS
• Wide and high-grade lithium intercepts from Vega Zone infill drilling:
o 55.0 m at 2.58% Li2O including 29.9 m at 4.11% Li2O (CV25-1006).
o 24.7 m at 4.00% Li2O including 7.0 m at 6.04% Li2O (CV25-1017A).
o 31.2 m at 2.07% Li2O including 1.1 m at 7.32% Li2O (CV25-1023).
o 20.6 m at 3.31% Li2O including 8.8 m at 5.02% Li2O (CV25-1024).
o 49.7 m at 2.08% Li2O including 4.0 m at 5.16% Li2O (CV25-1016).
o 40.1 m at 1.97% Li2O including 9.3 m at 3.66% Li2O (CV25-948).
o 22.1 m at 2.31% Li2O including 9.0 m at 4.18% Li2O (CV25-1010).
• New high-grade, near surface lithium-tantalum zone discovered (“Helios”) at
the CV13 Pegmatite:
o 8.8 m at 2.97% Li2O including 5.4 m at 4.60% Li2O (CV25-984).
o 6.4 m at 2.61% Li2O including 4.1 m at 3.94% Li2O (CV25-977).
o 18.4 m at 1.19% Li2O including 6.9 m at 2.49% Li2O (CV25-986).
• High-grade lithium intercepts from Rigel Zone infill drilling:
o 11.5 m at 2.87% Li2O including 6.9 m at 4.40% Li2O (CV25-919).
o 15.0 m at 1.15% Li2O including 7.9 m at 2.15% Li2O (CV25-913).
• Additional well-mineralized lithium drill intercepts at the CV4 Pegmatite:
o 15.0 m at 1.07% Li2O (CV25-985).
o 12.0 m at 1.42% Li2O (CV25-1002B).
o 7.0 m at 2.00% Li2O (CV25-961A).
• A total of 57,024 m (245 holes) of diamond drilling was completed in 2025 with results for
lithium and tantalum for the remaining 15,081 m (72 holes) reported in this announcement:
o Core assay results for caesium are pending for CV13 with overlimit1 analysis
triggered for multiple holes, including the newly discovered Helios Zone.
Darren L. Smith, Executive Vice President Exploration, comments: “Th is batch of results f rom the
2025 drill campaign at Shaakichiuwaanaan include the best lithium intercepts reported to date from the
high-grade Vega Zone and from the Property overall. The abundance of spodumene mineralization in these
drill holes at Vega is among the strongest to have ever been reported globally. Moreover, discoveries beyond
Vega continue to be made with the identification of a new high-grade lithium zone (“Helios”) at CV13.”
“Results for caesium, including multiple holes with overlimits triggered, are pending. We eagerly await these
final assays and will announce results once they have all been received and compiled,” added Mr. Smith.
PMET RESOURCES INC. (THE “COMPANY” OR “PMET”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to announce lithium and tantalum assay results for
all remaining holes from its extensive 2025 drill campaign at the Company’s wholly -owned
Shaakichiuwaanaan Property (the “Property” or “Project”), located in the Eeyou Istchee James Bay
region of Quebec.
The Property hosts one of the largest pegmatite Mineral Resources2 (Li, Cs, Ta) and Mineral
Reserves3 (Li) in the world, situated approximately 13 km south of the regional Trans-Taiga Road
and powerline infrastructure corridor, and is accessible year -round by road. The Company
recently announced a robust lithium-only Feasibility Study for the CV5 Pegmatite, which outlined
the Project as a potential North American critical mineral powerhouse (see news release dated
October 20, 2025).
The 2025 drill campaign at the Property was expansive in nature and included testing of multiple
Li-Cs-Ta (“LCT”) pegmatite prospects (CV4, CV8, CV12), step-out drilling at CV5 and CV13, infill
drilling at CV13, as well as sterilization (i.e., condemnation) and geomechanical drilling in support
of the development at CV5 and CV13, respectively. Over the course of the campaign, which was
concluded in October, a total of 57,024 m (245 holes) of diamond drilling was completed, of which,
results for 41,943 m (173 holes) were reported in news release dated December 14, 2025.
Lithium and tantalum results for the remaining 15,081 m (72 holes) are reported in
this announcement (see Figure 1, Figure 3, Figure 6, and Figure 7, and Table 1 through Table
4). Core assay results for caesium remain to be reported for the CV13 Pegmatite with
overlimit1 analysis triggered for multiple holes, including the newly discovered Helios Zone.
1 Assay results exceed the upper detection limit (10,000 ppm Cs) of the base analytical package and require subsequent overlimit analysis
using a different analytical package to determine the Cs grade. Overlimit analysis will be reported once received and compiled.
2 The Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11%
Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li 2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred,
and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade
constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones. Effective Date is June 20, 2025 (through CV24-787). Mineral
Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.
3 Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O at the CV5 Pegmatite with a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O
(underground). Underground development and open -pit marginal tonnage containing material above 0.37% Li 2O are also included in the
statement. The Effective Date is September 11, 2025. See Feasibility Study news release dated October 20, 2025.
Figure 1: Drill holes completed through 2025 at the Shaakichiuwaanaan Property.
CV13 PEGMATITE (VEGA, RIGEL, AND HELIOS ZONES)
The 2025 drill ing at the CV13 Pegmatite included infill and step -out holes, and geomechanical
drilling in support of development. A total of 23,451 m (106 holes) were completed, of which,
lithium results for the remaining 9,771 m (59 holes) are reported in this announcement (see Figure
3, Table 1, and Table 4). Core assay results for caesium remain pending for multiple
holes, with a significant number of overlimits triggered, and will be reported once received
and compiled.
At the Vega Zone, the strongest lithium results to date were returned from the 2025
campaign, including three (3) individual samples grading >7% Li2O (7.71%, 7.32%, and 7.02%,
see Figure 2 and Figure 4) as well as an intercept of 7.0 m at 6.04% Li2O (Figure 5). These results
include the highest-grade individual sample (7.71% Li2O, Figure 2), and the widest interval over 6%
Li2O (7.0 m, see Figure 5) ever reported from the Property, including the high-grade Nova Zone.
Further, a total of five (5) individual core samples to date have assayed over 7% Li2O from the
Property – all from the Vega Zone.
Additionally, a new shallow high-grade lithium zone has been discovered (“Helios”) at
the CV13 Pegmatite. Similar to Vega and Rigel, the Helios Zone also contains coincident high -
grade tantalum (Table 1, Figure 3). Additionally, at Helios, significant caesium mineralization
has been identified through overlimit analysis triggered for multiple holes . Core assay results
for caesium will be reported once results for all holes have been received and compiled. Drill
result highlights for lithium include (Figure 3).
Vega Zone
• 55.0 m at 2.58% Li2O including 29.9 m at 4.11% Li2O (CV25-1006).
• 24.7 m at 4.00% Li2O including 7.0 m at 6.04% Li2O (CV25-1017A).
• 31.2 m at 2.07% Li2O including 1.1 m at 7.32% Li2O (CV25-1023).
• 20.6 m at 3.31% Li2O including 8.8 m at 5.02% Li2O (CV25-1024).
• 49.7 m at 2.08% Li2O including 4.0 m at 5.16% Li2O (CV25-1016).
• 40.1 m at 1.97% Li2O including 9.3 m at 3.66% Li2O (CV25-948).
• 22.1 m at 2.31% Li2O including 9.0 m at 4.18% Li2O (CV25-1010).
Helios Zone (A NEW 2025 DISCOVERY)
• 8.8 m at 2.97% Li2O including 5.4 m at 4.60% Li2O (CV25-984).
• 6.4 m at 2.61% Li2O including 4.1 m at 3.94% Li2O (CV25-977).
• 18.4 m at 1.19% Li2O including 6.9 m at 2.49% Li2O (CV25-986).
Rigel Zone
Several holes were completed as infill at the Rigel Zone during the drill campaign. The best lithium
result was 11.5 m at 2.87% Li 2O including 6.9 m at 4.40% Li 2O (CV25-919). High-grade
tantalum was also returned at Rigel highlighted by drill hole CV25-913, which returned 15.0 m at
1.15% Li2O and 1,105 ppm Ta2O5 including 7.9 m at 2.15% Li 2O and 1,974 ppm Ta 2O5.
Core assay results for caesium will be reported once results for all holes have been received and
compiled.
Figure 2: Massive spodumene in drill hole CV25- 1016 from the Vega Zone at the CV13 Pegmatite. Core
grades 0.7 m at 7.71% Li2O (from 135.0 m to 135.7 m) within a wider mineralized interval of 49.7 m at
2.08% Li2O (119.4 m to 169.1 m). At 7.71% Li2O, this is the highest grade of lithium returned from
an individual core sample collected to date at the Property.
Figure 3: Drill hole result highlights at the CV13 Pegmatite (lithium).
Figure 4: Massive and near-inclusion free spodumene in drill hole CV25- 1023 from the Vega Zone at the
CV13 Pegmatite. Core grades 1.1 m at 7.32% Li2O (from 159.6 m to 160.7 m) within a wider mineralized
interval of 31.2 m at 2.07% Li2O (133.4 m to 164.6 m). At 7.32% Li2O, this is the second highest grade
of lithium returned from an individual core sample collected to date at the Property.
Figure 5: Abundant, large, and near-inclusion free spodumene crystals in drill hole CV25- 1017A from the
Vega Zone at the CV13 Pegmatite. Core grades 7.0 m at 6.04% Li2O (from 150.3 m to 157.3 m) within
a wider mineralized interval of 24.7 m at 4.00% Li2O (146.0 m to 170.7 m).
CV4 PEGMATITE
The CV4 Pegmatite, characterized at surface by multiple LCT pegmatite outcrops, is situated
approximately 1.5 km along geological trend to the east of the CV5 Pegmatite. The 2025 campaign
marked the maiden drill testing of the prospect with a total of 7, 358 m (17 holes) completed, of
which, results for the remaining 4,099 m (8 holes) are in this announcement (see Figure 6, Table
2, and Table 4).
Results for the first batch of drill holes at the CV4 Pegmatite w ere announced on December 14,
2025 and included 27.0 m at 1.14% Li2O (CV25-1013) and 13.0 m at 1.37% Li2O (CV25-1013).
Results for the remaining drill holes include:
• 15.0 m at 1.07% Li2O (CV25-985).
• 12.0 m at 1.42% Li2O (CV25-1002B).
• 7.0 m at 2.00% Li2O (CV25-961A).
The discovery at CV4 is significant and, coupled with down-ice boulder discoveries in the area
(see news release dated March 25, 2025) and observations in core, is interpreted to represent
a potential 1.5 km extension of the CV5 Pegmatite to the east. As such, the discovery
expands the potential for additional underground resources along strike of the current
underground Mineral Reserves at the CV5 Pegmatite. The mineralization at CV4 remains open.
Figure 6: Drill hole result highlights at the CV4 Pegmatite (lithium) – light grey is previously reported.
CV8 PEGMATITE
The CV8 Pegmatite, characterized at surface by multiple LCT pegmatite outcrops, is situated
approximately 0.5 km south of the CV12 Pegmatite on a sub-parallel trend. A total of 2,523 m (11
holes) were completed, of which, results for the remaining 1,211 m (5 holes) are announced herein
(see Figure 7, Table 3, and Table 4)
The best results from the 2025 program at the CV8 Pegmatite are 3.1 m at 1.52% Li2O and 3.5 m
at 1.26% Li2O – both from drill hole CV25-940A. These intervals also returned high-grade tantalum
at 321 ppm Ta2O5 and 295 ppm Ta2O5, respectively, in addition to an interval of 6.3 m at 701 ppm
Ta2O5 in drill hole CV25-958. Further, the widest pegmatite intercepts at 20.4 m and 14.7 m – also
anomalous in Li and Ta – were returned from the westernmost drill hole completed at the
pegmatite, indicating good potential in this direction.
The target remains prospective and warrants further drilling given the association with ultramafic
rocks proximal (often strongly associated with the widest spodumene pegmatite bodies at the
Property), the large number of individual pegmatite intercepts in drill hole including three (3)
greater than 9 m (indicates volume potential), and the presence of spodumene in the system
(confirms a lithium content of significance is present in the system).
Figure 7: Drill hole result highlights at the CV8 Pegmatite (lithium) – light grey is previously reported.