United Lithium Corp. reported additional assay results from the 2023 Drill Program on the newly discovered D and E Pegmatites at the Bergby Lithium Project n Sweden. The combined strike length of all five lithium- bearing pegmatites now exceeds 4,000 meters ("m").

Bergby is a 100%-owned, district-scale, hard rock lithium project covering 7,897 hectares ("ha") with immediate infrastructure connecting with the coastal access in the Gulf of Bothnia. The Project hosts numerous LCT (lithium-cesium-tantalum enriched-type) granitic pegmatites, five of which have been drill- confirmed. Much of the district-scale Project has yet to be explored.

United Lithium also recently added the 14,015 ha Axmarby Property with five known pegmatite occurrences and located directly north of Bergby. The 2023 Drill Program was completed late in December 2023 and results from 58 of the 60 holes drilled during the 5,600 m campaign have now been received and released. As previously disclosed in the news release dated January 11, 2024, a total of 5,600 m of diamond drilling was completed across 60 holes in 2023.

Six spodumene-bearing pegmatites have been discovered to date at Bergby, five of which have been drilled (Pegmatites A through E). United Lithium had previously released assay results for a total of 24 drill holes. Pegmatite D Assay Results: Results are reported here for 17 drill holes completed across the north-northeast striking Pegmatite D. Pegmatite D has been drill tested along a strike length of 725 m and to a depth of 120 m below surface and has an estimated maximum width of 22 m .

Notable intersections in the current results include 0.71% Li2O over 14.11 m, from 111.35 m depth downhole (estimated true width of 16.67 m) in hole BBY23166. This includes a high-grade interval of 1.48% Li2O over 4.76 m (4.34 m estimated true width) from 116.37 m depth down hole. Seventeen holes that were also completed across the north-northeast striking Pegmatite E and selected samples were submitted for assays.

Pegmatite E has been drill tested along a strike length of 440 m, to a depth of 85 m below surface and has an estimated maximum width of 16 m. It is composed of 4 parallel dikes (Figure 3). Notable intersections in the current results include 0.62% Li2O over 20.02 m (estimated true width of 14.16 m), from 38.95 m depth downhole in hole BBY23170, including a high-grade interval of 1.58% Li2O over 1.82 m (1.5 m true width) from 42.00 m depth down hole. The second-best interval in Pegmatite E includes 0.72% Li2O over 14.54 m (10 m true width), from 105.03 m depth downhole in hole BBY23184, including a high-grade interval of 1.63% Li2O over 5.09 m (3.5 m true) from 111.06 m depth down hole.

Spodumene has been observed in the main lithium-rich intersections. These new results enable United Lithium to better define drill targets to define Pegmatite E at depth. Assays from one additional hole drilled in Pegmatite F (BBY23189) and one hole from Pegmatite D (BBY23185) were sent to the laboratory in late May and results are still pending.

Table 3 summarizes the pegmatite discoveries at Bergby and the drill progress to date. All pegmatites remain open to depth and along strike. Bergby and Axmarby 2024 Exploration.

Further exploration work is expected to be carried out during 2024 at Bergby, including mapping and sampling combined with ground geophysics. The exploration team has identified several new outcrops and additional pegmatite boulder trains requiring more follow up with the aim of generating more drill targets. Mapping and sampling will also be conducted at the Axmarby Property where multiple pegmatite dykes have been observed approximately 2 kilometers ("km") north of the town of Axmarby and seem to be associated with the same structures that host thepegmatites at Bergby.

Bergby Geology The Project is situated within the Hamrånge synform in the west-central part of the Fennoscandian Shield. The stratigraphy in the area consists of mica schist overlain by 1.88 billion years ("Ga") old felsic and mafic volcanic rocks, followed by metaquartzite (< 1.86 Ga) believed to have formed during an 1.86-1.83 Ga intra-orogenic phase. Geological and isotopic data suggests an oceanic island arc signature of the metavolcanic rocks.

The surrounding 1.86 Ga granitoids of the Ljusdal Batholith are believed to have been formed in an active continental margin setting. When not covered by till (typically less than 3 m depth), extensive pegmatite boulders and outcrops have been found on the Project. The strike of pegmatites follows the general trend of host rock foliation, NNW-SSW.

All five drilled lithium-mineralized pegmatites at Bergby are spodumene bearing, with Pegmatite A also containing petalite. Pegmatite A displays a shallow 20° dip to the WNW, whereas the other four bodies (B, C, D and E) are more subvertical (at 65° to 88°).