Voltaic Strategic Resources Limited ('Voltaic' or 'the Company') (ASX:VSR) is pleased to provide an update on its Ti Tree lithium project, located in the Gascoyne region of Western Australia. Following the identification of a high density of pegmatite occurrences at priority ASTER target, 'Morpheus' (see Figure 1), the Company is pleased to advise that the next phase of target generation is underway with 'boots on the ground' actively following up targets in the field and assessing logistics for a regional soil sampling campaign across the entire Volta corridor, and industry-leading consultants SGC engaged to enhance Voltaic's geophysical datasets.

SGC will compile all open-source geophysical and geological data into a series of GIS packages which will broaden the Company's pipeline of targets for follow-up exploration. SGC will also identify what additional ASTER, magnetic and radiometric data is required to expedite target generation. Alongside this, a high-resolution UAV drone survey will be undertaken by ATLAS Geophysics to assist with detailed mapping and direct pegmatite outcrop identification. This is the most effective next step forward as the frequency of pegmatite occurrences within Voltaic's tenure is extensive (see ASX:VSR release 12/12/2022), and is predicted to extend across the entire prospective 22km Volta corridor.

Voltaic's CEO, Michael Walshe, commented: 'Voltaic have embarked on the next phase of target generation at our Ti Tree project utilising highly regarded consultants SGC. This collaboration will expand our pipeline of targets and accelerate vectoring and ranking across the extensive 22 km Volta corridor. In order to gather critical data before the onset of the rain season, we will undertake both a targeted heli-supported 'phase 3' exploration program, and a broad-spaced soil sampling campaign across Volta in the coming weeks. We have expedited these activities based on highly encouraging results from the neighbouring Yinnietharra lithium discovery, where the M1 pegmatite prospect shows significant down-dip continuity with excellent Li2O grades from surface (see ASX:RDT release: 20/01/2023). The RDT drill results, coupled with regional targets on the pegmatite / schist(s) units, strengthens Voltaic's structural modelling and interpretation that the entire 22 km Volta corridor is comprised of pegmatite / schist(s) lithologies, both to the SE (Ti Tree South) and NW (Ti Tree North). Thus, we believe Volta is highly prospective for lithium and has the scale potential to host multiple resources and become a globally significant region. We are laser-focused on making a discovery and our exploration team are currently back at site assessing logistics for the upcoming programs. Additionally, we have received assay results for our phase-1 and 2 surface geochemical sampling campaigns and are currently compiling the data for imminent release. Favourable assays will demonstrate that the in-situ granitic intrusions within Ti Tree are fertile for lithium mineralisation.'

Regional Update

Voltaic's neighbour Red Dirt Metals Limited (ASX:RDT) are actively drilling 90,000m into their Yinnietharra lithium discovery and other regional targets. Initial drill results for the 'M1 pegmatite' are significant and include 56m at 1.12% Li2O from 94m (YNRD005) (ASX:RDT release:20/01/2023), and visual identification of spodumene within multiple holes (ASX:RDT release:28/11/2022). M1 shows significant down-dip continuity with excellent Li2O grades from surface, which is very encouraging for the entire region. Voltaic's Ti Tree project resides within an interpreted prospective corridor of LCT-bearing pegmatites (the 'Volta' corridor), which contains the Yinnietharra lithium discovery, and is underlain by the Thirty-Three Supersuite (TTS) - a belt of granitic plutons (intrusions

Contact:

MICHAEL WALSHE

Chief Executive Officer

T: +61 (0)8 6245 9821

Email: michael.walshe@voltaicresources.com

SIMON ADAMS

Chief Financial Officer

Company Secretary

T: +61 (0)8 6245 9821

Email: simon.adams@voltaicresources.com

COMPETENT PERSON STATEMENT

The information in this announcement related to Exploration Results is based on and fairly represents information compiled by Mr Claudio Sheriff-Zegers. Mr Sheriff-Zegers is employed as an Exploration Manager for Voltaic Strategic Resources Ltd and is a member of the Australasian Institute of Mining and Metallurgy. He has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. He consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear.

FORWARD-LOOKING STATEMENTS

This announcement may contain forward-looking statements involving several risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update statements if these beliefs, opinions, and estimates should change or to reflect other future development.

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