Eureka Lithium Corp. has commenced 2023 exploration targeting the first-ever discovery of lithium-bearing pegmatite deposits in this under-explored mineral-rich region known as Nunavik. Eureka, which raised $6.7 million in private placements in June 2023, acquired 100% ownership of multiple lithium properties covering 1,408 sq.

km in three major districts in Nunavik from a syndicate led by Canada's most famous prospector, Shawn Ryan, a Technical Adviser for Eureka. Former PDAC Prospector-of-the-Year, Ryan has multiple gold discoveries to his credit and has spearheaded gold rush in both the Yukon and Newfoundland. Nunavik represents his launch into the lithium sector.

443 sq. km at Raglan West beginning 33 km southwest of the community of Salluit; 229 sq. km at Raglan South, within 20 km of KoBold Metals' land package and 80 km southwest of the Raglan Nickel mine; 736 sq.

km covering multiple claim blocks in the New Leaf Camp in southern Nunavik. Ryan's research over many months has been instrumental in highlighting Nunavik's high-grade lithium potential in a region that is resource-friendly and host to one of the world's lowest-cost nickel producers, Glencore's Raglan mine, served by a deep-sea port near Salluit. Three Major Lithium Project Areas.

Each of Eureka's project areas has district scale lithium discovery potential and features abundant outcrop and some of the highest lithium and cesium values in lake bottom sediments (99th percentile and above) in the Quebec government database. In addition, a review of historic data for the region reveals the presence of mapped pegmatites in multiple rock units, compelling overall geology, and geophysical anomalies that point to deep-seated structures that may have created an ideal environment for the development of lithium mineralization across broad sections of Nunavik outside of the Cape Smith Belt.