Musk Metals Corp. announced it has received its assay results from the 2022 drilling campaign on its 100% owned "Elon" lithium project in La Corne, Quebec. Four drill holes were drilled on the west part of the Property from October 22, 2022 to November 1, 2022.

The drill planning objectives were to test magnetic lows, possible sources of soil anomalies or interpreted contacts. Magnetic low targets were identified by Dynamic Discoveries Geosciences using high resolution heliborne magnetic survey (Dubé, 2021) and DEM. Low magnetic corridors emanating from the interpreted intrusion were identified, with possible dyke swarms cross-cutting the interpreted intrusions, which are concordant with till anomalies, showing a similar context as the Quebec Lithium Mine located 600m south-west of the Elon Lithium Property (the "Property").

A summer trail opening campaign was conducted with the aim to expose bedrock. All the trenches were terminated before reaching bedrock, as the overburden was too thick. Following the trenching campaign, four drill holes ("DDH") were successfully completed (see news release dated December 28).

The overburden in the area is thick, with thickness ranging from 20 to 39m of sand. All the drilled holes reached a depth of 150m. Although the geochemical assays show anomalous lithium content, no lithium minerals were visualized during the logging.

The Company's technical team is of the opinion that the lithium anomalies are generated by alteration and will try to further investigate the source of the anomalies in the upcoming work programs. Initial targets and expected pegmatite bodies were not reached. Magnetic anomalies were not explained, and possible sources of soil anomalies were not identified. Unexpected Chromium and Nickel values were intersected in hole EL22-001 in sheared andesite, as well as gold and silver values in hole EL22-007 in a volcanoclastic volcanic tuff unit.

It is important to note that this first drill phase is very limited in length and additional drilling will allow to further inspect the Property. In the upcoming days, the Company plans to split the rest of the cores adjacent to the anomalies and send additional sections for assaying. This way, the lithium, nickel, and gold anomalies will be investigated to determine possible extensions.

Further geochemical interpretations will be conducted to better understand the geological context of the area. The Company is currently planning for a new drilling campaign which will take into account the new results as well as adjacent properties results. The Company is also investigating the possibility of doing till sampling at the bedrock interface with the use of a small drill, in order to follow up on the previously discovered lithium anomalies and to better localize its source.

Other planned work include additional prospecting for boulders, which hosted lithium anomalies in the previous surveys. The Elon Property is strategically located in Abitibi, Qc at approximately 600 meters northeast of North American Lithium Project (recently acquired by Sayona Québec) and formerly known as Mine Québec Lithium.