VANCOUVER - Solstice Gold Corp. (TSXV: SGC) ('Solstice', 'we', 'our' or the 'Company') is pleased to announce that it has entered into an option agreement (the 'Option') with Green Technology Metals Limited (ASX: GT1) ('Green Technology') that provides Green Technology with the potential to earn a 100% interest in a suite of Lithium exploration properties located in Ontario.

The package is comprised of the Pennock (8 claims), Root Bay (3 claims), Gathering Lake (15 claims) and Superb Lake (5 claims) projects, all non-core holdings located in NW Ontario (collectively, the 'Property').

Mike Timmins, Solstice's Chief Executive Officer stated, 'This agreement provides Solstice shareholders exposure to the exciting Lithium market and is another example of the value we will generate from our recently acquired royalty and property portfolio. We currently have over eighty properties out under option or available for sale and our strategy of creating an attractive portfolio of distinct and permanent royalties is well underway. Future new agreements will also generate significant cash inflows, value to our shareholders with newly established royalties and allow us to focus on our core district-scale exploration projects in Red Lake, Atikokan and Nunavut.'

Under the Option, Green Technology, an Australian Securities Exchange ('ASX') listed mineral exploration company, is required to make cash payments totaling C$180,000 to Solstice over a three-year period. After the first anniversary of the Option, Green Technology may dispose one of the claims packages in the Property and reduce future cash payments by 20%. Upon exercise of the Option by Green Technology to fully acquire the Property, Solstice will be granted a 1.5% net smelter return royalty. Green Technology has the right to repurchase 0.5% of the royalty at any time after the exercise of the Option and prior to the commencement of commercial production at the Property for C$800,000.

About Green Technology Metals

Green Technology Metals is a North American focussed lithium exploration and development business. The Company's Ontario Lithium Projects comprise three high-grade, hard rock spodumene assets (Seymour, Root and Wisa) covering 95km2 of highly prospective tenure north-west of Thunder Bay in Ontario, Canada. All sites are proximate to excellent existing infrastructure (including hydro power generation and transmission facilities), readily accessible by road, and with nearby rail delivering transport optionality. Seymour has an existing Mineral Resource estimate of 4.8 Mt @ 1.25% Li2O (comprised of 2.1 Mt at 1.29% Li2O Indicated and 2.7 Mt at 1.24% Li2O Inferred). Accelerated, targeted exploration across all three projects delivers outstanding potential to grow resources rapidly and substantially.

(C) 2022 Electronic News Publishing, source ENP Newswire