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Lithoquest Makes Option Payment on Miminiska and Keezhik Gold Projects

Mergers & Acquisitions Property Options & Staking

News Release

June 27, 2022

TSX-V: LDI

Lithoquest Makes Option Payment on Miminiska and Keezhik Gold Projects

Vancouver, B.C., June 27, 2022 – Lithoquest Resources Inc. (TSX-V: LDI) (the “Company”) today

announced that it has completed the twelve-month option payment to Landore Resources Canada

(“Landore”) in connection with its Option Agreement to acquire a 100% interest in two gold projects

located in northwest Ontario: the 5,494 ha Miminiska Gold Project and the 12,482 ha Keezhik Gold

Project. The payment consisted of $250,000 cash and the issuance of 3,421,916 common shares at a

deemed price of $0.146117 per share to Landore.

About Lithoquest Resources Inc.

Lithoquest is a Canadian mineral exploration company focused on the discovery and development of

economic precious and base metal deposits on four district-scale projects in northwest Ontario:

Miminiska, Keezhik, Attwood and Gold Standard.

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

policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or

accuracy of this release.

For further information, please contact:

Lithoquest Resources Inc.

+1 (604) 506-2804

[email protected]