Lithium One Metals Inc. announced results from phase one of its exploration campaign in the James Bay lithium district, Quebec. A systematic sampling and mapping program has been completed at Highway, Taycan, Bus and Bugatti properties with initial results highlighting an elevated trend of lithium-cesium-tantalum (LCT) pegmatite indicators at Highway and Bus properties. The newly identified trend will be prioritized for drill testing in the upcoming, multi-project drill program.

Abundant pegmatites were mapped on all four properties with anomalous Li, Cs, Ta, and Rb results returned in initial samples from Highway and Bus. These results highlight a new trend of elevated LCT pegmatite indicator elements, which will be the focus of the Company's next phase of exploration. The Highway property returned 8 samples with assays above 150 ppm Li, with the highest being 539 ppm Li in sample 267199.

A total of 47 samples returned anomalous amounts of one or more marker element including lithium (>150 ppm), cesium (>50 ppm), rubidium (>900 ppm), and tantalum (>20 ppm). The highest concentration of anomalous results is associated with observed lepidolite in the field. On the Bus property, 9 of 20 samples collected returned anomalies in marker elements.

Samples 710588 and 710894 returned 155 ppm Li and 182 ppm Li respectively. The anomalous samples collected are spatially correlated, identifying the enrichment trends for both properties. The enrichment trends identified in surface sampling are indicative of LCT pegmatite prospectivity and will be followed up on with drilling in 2024.