Metal Energy Corp. provided a detailed update for the Company's inaugural drill program at the SourceRock lithium brine project near Thunder Bay, Ontario, scheduled to begin in early January. SourceRock is a drill-ready project with an exploration permit from the Ontario Ministry of Mines for up to 20 drill pads.

Historic drilling and geophysical data have identified saline brine drill targets on the Project. However, the brines have never been tested for lithium or other elements. The Company remains engaged with local Indigenous groups, communities, and stakeholders and anticipates a drill program to commence shortly in January 2024.