Mont Royal Resources Limited announced that shareholders it has received the first half of the soil survey results from the Eastmain Léran Project in the Upper Eastmain Greenstone Belt located in Quebec, Canada. Eastmain Léran - Soil survey program The Company is experiencing delays in receiving the entire package of results from the sampling program completed in Autumn 2022. A large increase in industry activity has far exceeded the ALS Ionic Leach capacities which continue to affect processing of the Leran soil samples.

At the end of December 2022, results for 48% of the samples were received by Mont Royal. As a quality control, samples were sent at random, therefore the five sampled grids are yet to be completed entirely. The initial results of the Léran and Banana Lake grids have been included.

The Léran grid shows several samples with grades higher than the 90th centile. Gold, Nickel and Lithium are displaying higher concentration at the Banana Lake grid. Statistical processing of the data is to be completed upon reception of all the results, which aims to identify more precise anomalies and targets.

The initial results from the soil survey at Eastmain Léran indicate that the Léran occurrence remains the primary target in the area. The logistics and planning required for a 1,000m winter drilling program is currently being evaluated and the Company will update the market on this program in the short term. Furthermore, a spring/summer till survey is planned to complete a regional grid that was sampled by Focus Graphite in 2018.

Mont Royal looks forward to communicating its exploration program for the upcoming winter 2023 season on the Northern Lights projects in parallel with ongoing exploration at the Wapatik project.