Usha Resources Ltd. announced that, subject to the approval of the TSX Venture, the Company has executed an option for the right to purchase an undivided 100% interest in the Abiwin lithium pegmatite property comprised of 38 mineral claims to the northeast of its White Willow Lithium Pegmatite Project located 170 km west of Thunder Bay, Ontario. Abiwin Property highlights: Preliminary prospecting resulted in the discovery of 29 pegmatite dykes Muscovite geochemistry in these pegmatites indicates a highly fractionated signature LIBSi analyses return up to 6,700 ppm rubidium (Rb) and a K/Rb 13 (potassium/rubidium ratios); indicative of spodumene-subtype pegmatites Extends strike length of the White Willow LCT pegmatite field to 44 kilometres Adds additional target pegmatites to the existing 10 targets identified for Usha's planned maiden drill program Hosts ultramafic Quetico intrusions from which historic assessment work reports up to 33 g/t Pt+Pd and 3% Cu in grab samples and up to 0.72% Zn over 2 metres in chip samples. The Abiwin mining claims are geologically similar to the White Willow property and situated along trend from the Maple Leaf pegmatite, as well as the corridor of fractionated pegmatite identified on the White Willow property.

Preliminary mapping on the Abiwin claims documented 29 pegmatites dykes, and LIBS analyses of muscovite from these dykes returned up to 6,700 ppm Rb, 527 ppm Sn, and K/Rb ratios as low as 13, indicating a high degree of fractionation in the pegmatitesii. K/Rb is a key tool in identifying potentially spodumene-bearing dykes. Values below 30 are indicative of rare-earth pegmatites, 20 of spodumene-subtype pegmatites, and those below 10 are often associated with economic spodumene pegmatites.

The fractionated pegmatites of the Abiwin claims are 44 kilometres from the western-most rare-element pegmatites identified to date on the White Willow property, (the Bingo pegmatite swarm) and extend the already immense strike length of the pegmatite field. The Abiwin claims are accessible via Crooked Pine Lake Road. The Abiwin claims are also host to the ultramafic Quetico Intrusions, which are the target of Ni-Cu-PGE exploration efforts on Rio Tinto's adjacent JR property.

Historic grab samples from these intrusions on the Abiwin claims are reported to return up to 33 g/t Pt+Pd, 3% Cu and historic surface trenching yielded chip strings of up to 0.72% Zn over 2m (Puumula, 1992). The company intends to prioritize expenditures on the exploration for spodumene-bearing pegmatites, however the claims remain highly prospective for base and precious metal mineralization. The Company has granted a 2% net-smelter returns royalty (the ?NSR?) to the Vendor.

The Company may purchase one-half of the net-smelter returns royalty (the ?NSR?) from the Vendor at any time for consideration of $1,000,000. The transaction contemplated, including the issuance of the Shares, are subject to the final approval of the Exchange. The Shares will be subject to the applicable hold periods in accordance with securities laws in Canada and the Exchange policies.

The Company announced that it has made the first anniversary payments for the 8 mineral claims (?Nym?) that comprise part of the White Willow Project. A total of $20,000 and 150,000 shares have been issued to the Vendors. The shares are subject to a hold period of four months and one day from the date of issuance.

The Company announced that, it has issued 15,000,000 common shares of the Company to the vendors of the option agreements entered into on March 23, 2024, with respect to the Bingo East and Bingo West properties. The shares are subject to a hold period of four months and one day from the date of issuance.