SUPPLYING THE TRANSITION TO A LOW CARBON ECONOMY

CORPORATE PRESENTATION APRIL 2024

CSE: LCR | OTCQB: LANRF | FRA: 6UF0

HIGHLIGHTS

Net

Zero

Lithium

Diversified

Lithium

Portfolio

Drill

Ready

Project

We are developing carbon carbon-free lithium supply chain.

Lithium brine at our Alkali Flats Project in New Mexico, strongly analogous to Clayton Valley. Hard Rock lithium at our Trans Taiga

Project in James Bay.

Maiden drilling program is expected to be ready by April 2024 at our

Alkali Flats Project.

Through the development

Net Zero

Lithium,

Lancaster will

power the

future of

Carbon free

lithium

development

and production

The two properties, named Catley Lake and Centennial East, covering 3,036 and 5,081 hectares respectively, offer significant exploration upside and close proximity to Centennial, Dufferin, and Wide Lake deposits.

The Piney Lake Gold Project is strategically positioned, encircled by the prolific gold claims of SGO / SSR Mining, Piney Lake is in a region with a history of mineral discoveries.

KorrAI's innovative satellite and. AI technology, will enhance the efficiency and accuracy of mineral exploration.

Uranium

Energy

Projects

The Piney

Lake Gold

Property

KorrAI Technology

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

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ENERGY TRANSITION

OPPORTUNITY

"The energy transition is the greatest economic opportunity of our time. The world is shifting towards a low-carbon future, and those who invest in the transition today will reap the rewards tomorrow."

  • Adnan Z. Amin, Former Director-General of the International Renewable Energy Agency

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

3

WHY LITHIUM?

Lithium is essential for producing the lithium-ion batteries used in EV's, laptops, etc.

By 2040, lithium demand could grow by more than 12x.

Currently ~87% of all lithium is sourced from Australia, Chile and China.

The U.S.A is currently home to only one large- scale lithium mine, Silver Peak, in Nevada while Canada doesn't produce any lithium.

EV MARKET FUELS LITHIUM DEMAND

"I don't see any major price decline any time soon because demand is going to keep growing as more EVs come into the market," says Morningstar analyst Seth Goldstein, who believes the top Lithium producers are undervalued."

- Mov. 9, 2022, The Globe & Mail 1

  1. https://www.stockwatch.com/News/Item/Z-C!LAC-3326280/C/LAC
  2. https://www.researchgate.net/figure/Historical-and-targeted-electric-shares-of-new-passenger-vehicle-sales-by-markets_fig4_343670432

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

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ELECTRIC VEHICLE MARKET

$500

BILLION

Amount that the automotive industry is expected to investby 2030 to transition to EVs (1).

Number

of EV

20M

sales

projected

in 2025

from 6.6

VEHICLES

million in

2021 (2)

Increasing

Demand for

Electric

Vehicles

(EVs)

40M

TONNES

Amount of carbon-dioxide equivalent of GHC emissions were saved by the use of EVs globally in 2021. (4)

52%

Number of consumers looking to buy EVs globally in 2022 (5)

https://www.theatlantic.com/newsletters/archive/2021/09/electric-cars-have-hit-inflection-point/620233/

BNEF's Economic Transition Scenario, https://about.bnef.com/blog/net-zero-road-transport-by-2050-still-possible-as-electric-vehicles-set-to-quintuple-by-2025/Projection by Bloomberg NEF, https://electrek.co/2022/05/31/this-is-where-electric-vehicle-adoption-is-headed-between-now-and-2025/https://www.virta.global/en/global-electric-vehicle-market

EY Mobility Consumer Index(MCI), https://electrek.co/2022/05/31/this-is-where-electric-vehicle-adoption-is-headed-between-now-and-2025/

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

5

WHY NOW - USA IRA

Inflation Reduction Act

  • The single largest investment in climate and energy in American history
  • Enabling America to tackle the climate crisis and advancing environmental justice
  • Securing America's position as a world leader in domestic clean energy manufacturing and putting the United States on a pathway to achieve climate goals, including a net-zero economy by 2050

Access to CLEAN NET ZERO LITHIUM in the USA

https://decarbonization.visualcapitalist.com/breaking-down-clean-energy-funding-in-the-inflation-reduction-act/

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

6

WHY NEW MEXICO & QUEBEC

Location, Location, Location

  • Both jurisdictions are top-tier mining jurisdictions,
    with Quebec Pegmatite being the most sought- after globally
  • New Mexico playas are underexplored for Lithium brines
  • Close proximity to all Gigafactories/BESS plants in North America
  • Near to major infrastructure such as highway, rail, and transmission lines
  • Abundant Renewable Energy, with prolific solar and wind in NM and hydro in Quebec

NORTH AMERICAN GIGAFACTORIES

Analysis by CIC energiGUNE

OPERATIONAL PLANT

PROJECT IN PROGRESS

OPERATIONAL PILOT LINE OR IN PROGRESS

https://medium.com/prime-movers-lab/does-the-u-s-have-enough-lithium-to-support-the-growing-ev-market-d73a44a969e5

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

7

NEW MEXICO & QUEBEC

RENEWABLE LEADERS

New Mexico is a Hub for Renewable

Energy Production

  • Second in the USA for Solar potential and tenth in Wind potential
  • Operating Geothermal power only 8mi to the south of Alkali Flats
  • In discussions to initiate a Solar PV project in New Mexico alongside our Alkali Flat Lithium Project
    Quebec boasts Canada's cleanest electricity with nearly all electricity from hydro power.

https://www.nmstatelands.org/divisions/commercial-resources/renewable-energy/

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

8

Net Zero Lithium

Clean Energy Sources used for

Carbon Free Electric Vehicles

  • Using the abundance of clean energy sources in New Mexico, Lancaster aims to develop a world-class lithium brine project at its Aklali Flats Project
  • Lancaster's management team is proud to work towards reducing the currently high carbon footprint of lithium production
  • One of the only Lithium Exploration Companies looking ahead, building a complete carbon-free process

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

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ALKALI FLATS LITHIUM BRINE PROPERTY OVERVIEW

Geochemical Data

Up to 149 ppm Li in samples

Drill Program

Permits applied for and

drilling is to commence April 2024.

Claim For 100%

Exclusive acquisition rights on ~5,200ac

Supporting

Exploration

AZL conducted exploration and identified drilling targets

immediately north and Lightning Dock Geothermal

to south

Geophysics Data

Drone Survey in May & Magneto Telluric in August

Excellent Access

Interstate Highway and Railway on or beside the property

Large Basin

Analogous Geology to

Clayton Valley

Room to Expand

Minimal Lithium Exploration

ALKALI FLATS ASSET

I-10 & Rail Line

2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0

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Lancaster Resources Inc. published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 19:22:37 UTC.