Voltaic Strategic Resources Limited provided an update on its Gascoyne REE and Battery Metals Project, located in Western Australia's emerging `critical minerals' Gascoyne province. An ongoing review of historical data within the Company's `Paddys Well' tenement (EL 09/2414) has confirmed multiple REE occurrences within both historical drill core and surface rockchips, extending the Company's interpreted "CSZ 1" target corridor. Historical core was fortuitously found by Voltaic at the `Arthur River Outcamp' during a recent field reconnaissance program.

This allows both the historical data to be expeditiously validated and accelerates geological understanding of the area. Moreover, drillcore confirms both oxide and primary REE mineralisation, which warrants follow-up exploration to delineate and extend the mineralised system. Arthur River Outcamp is located within Voltaic's tenement ELA 09/2669 (`West Well'), which is adjacent to `Paddys Well' (EL 09/2414) (location of historical holes).

The Company is extremely encouraged by these historical results as: have confirmed the presence of oxide and primary REEs from uranium-focused historical data; Regional compilation continues to confirm widespread anomalous REE occurrences; have added a significant further 16 km strike extent to Kingfisher Mining's recently identified 54 km prospective REE corridor. Moreover, the high MREO:TREO ratio observed suggests that the source of REEs is analogous to those recently found by neighbouring companies Kingfisher Mining Limited and Dreadnought Resources Limited and provides insight into the calibre of MREO distribution for the entire Gascoyne region. REE's are vital to modern civilisation and have a huge range of industrial and technology uses including: aerospace, mobile phones, computers, magnets, alloys, ceramics and military defence technology.

`Magnet' REE's are critically important for the low carbon energy transition whereby neodymium-iron-boron (NdFeB) magnets, are the strongest commercially available and provide a host of benefits to existing and emerging technologies, including electric vehicle motors and wind turbines. NdFeB technologies enable the construction of higher-capacity, more efficient wind turbines with reduced maintenance costs and the manufacture of more efficient, more powerful and lighter-weight motors in electric vehicles. Voltaic's immediate focus at "Paddys Well" project is to delineate the extents of the highly prospective `CSZ 1' corridor by targeting: outcropping ferrocarbonatites (ironstones); carbonatite intrusions under cover; and potential oxide supergene mineralisation above interpreted regional structures.

Planned Fourth Quarter 2022 exploration aims to generate and refine drill targets through the acquisition of radiometrics /magnetics /ASTER satellite imagery data, and supporting field activities to advance these targets. Similar activities are planned for other Gascoyne project "Ti Tree", where are targeting lithium and REEs. Work on other active projects (Bundie Bore and Cue) will include review and compilation of historical data, field reconnaissance mapping and sampling, and target generation.

Voltaic continues to be actively involved with the identification of further prospective tenure in the region. During 1999 and 2000, Cameco Australia Pty Ltd. (Cameco) explored the tenement for unconformity-related uranium mineralisation and completed six (6) diamond holes for a total of 1274.3 m (WAMEX REPORT A61566). These holes were a follow-up to prior exploration undertaken by PNC Exploration (Australia) Pty Ltd. (PNC) from 1992-1996 targeting basement-hosted uranium mineralisation, and drilled eleven (11) shallow percussion holes within the Paddys Well tenement area.

Most holes overlay a major ESE-WNW mylonitic shear zone (Chalba Shear Zone (CSZ)) that is interpreted to be a fertile conduit for REE mineralisation in the region. Kingfisher Mining Ltd.'s Micks Well REE discovery is approximately 25km SE of Voltaic's Paddys Well project and has produced highly anomalous REE drill results to date including 5m @ 3.45% TREO with 0.65% NdPr, incl. 3m @ 5.21% TREO with 0.98% NdPr, and rockchips with up to 40% TREO.

Mineralisation at Mick Well is associated with a carbonate complex consisting of carbonatite intrusions and dykes within amphibolites, gneiss and ultramafic rocks. Moreover, Kingfisher have identified a prospective structural corridor of over 50km of strike that overlays the CSZ and extends into Voltaic's tenure, as confirmed by the historical drill results. The Gascoyne region has attracted global attention recently with the Yangibana REE project (owned by Hastings Technology Metals Ltd), which is considered strategically important due to its high proportion of neodymium and praseodymium in the TREO matrix, and its amenability to economic extraction.

REE discoveries in the Gascoyne area, such as Yangibana, are associated with ironstone (weathered ferrocarbonatite) host rocks whereby weathering has enriched the REEs in situ. Yangibana is approximately 100km NE from Paddys Well and contains widespread occurrence of ironstone dykes that are spatially associated with the ferrocarbonatite intrusions. Numerous occurrences of outcropping ironstone rocks have been reported within the Paddys Well project area.

Voltaic is currently `ground truthing' and validating these occurrences and look forward to providing an update on this work.