Pursuit Minerals Limited provided an update on the initial works at the Rio Grande Sur Lithium Project. Further details on the upcoming expanded exploration program will be provided post settlement. TEM /CSAMT survey proposals have been received for review from Quantec Geoscience Argentina S. A (Quantec) and are scheduled to commence asap post settlement.

These surveys will complement the existing geophysical data and assist with identification of the best drilling locations for the proposed campaign in mid- 2023. TEM surveys determine lithologies associated with aquifers with lithium in brine as well as geological structures to depths in the range of 250m to 300m. These locations will be selected both to confirm the prior drilling data, based on wells located on the boundaries of the southern tenements, as well as defining the potential for deeper brines.

Deeper brines have been tested in the northern part of the salar and, encouragingly, had higher associated Lithium grades, as is commonly encountered at depth in other salars within the Lithium Triangle. The Lithium Triangle is a region of the Andes rich in lithium reserves around the borders of Argentina, Bolivia, and Chile. The lithium in the triangle is concentrated in various salt pans that exist along the Atacama Desert and neighbouring arid areas, large ones including Salar de Uyuni in Bolivia, Salar de Atacama in Chile and Salar del Hombre Muerto in Argentina.

A CSAMT survey at the large Cateo tenement in the north will also provide insights into the brine potential at the edge of the salar. The CSAMT survey will enable the determination lithologies associated with aquifers with lithium in brine as well as geological structures to depths in the range of 500m within the area surveyed (dependent on local geology and grid geometry). Cateo is strategically located largely for infrastructure purposes, ie.

location for a processing plant and evaporation ponds; however, is deemed to have significant exploration potential. Many regional projects have proven the existence of productive brines in the subsurface that extend beyond the surface expression of the salar. Rio Grande Sur Project Overview: Trilogy is a lithium exploration and development company with five option interests (four of which were recently exercised) to secure various tenements that are prospective for lithium located near Salta, Argentina at the Rio Grande Sur Project, within the highly prospective Lithium Triangle.

The five tenements cover approximately 9,233 hectares, see previous announcement1 for past exploration on the salar. As noted in a previous Pursuit announcement, the Salar Rio Grande has been explored for several years by different companies including LSC Lithium Inc. and ADY Resources. As a result, exploration information within the Salar itself is of relatively high quality and in the public domain.

Pursuit intends to undertake further exploration work to determine the lithium brine resource, the effective recovery of brine and the economic viability of subsequent mining and refining operations.