Snow Lake Resources Ltd. (NASDAQ:LITM), is pleased to report results of its August 2021 prospecting and mapping program on its Manitoba properties near the town of Snow Lake, Manitoba (Map 1.0). Dale Schultz, VP of Resource Development and Brian Youngs, VP of Exploration, presided over the program which had a primary objective of identifying additional lithium bearing targets for resource expansion during upcoming drilling campaigns.

An additional objective was to confirm the locations of the previously identified Sherritt Gordon Dyke and Grass Rivers Dyke and follow up on potential extensions to the Thompson Brothers Lithium Pegmatite (TBL). Table 1.0 (below) highlights wt% Li2O values returned from the SRC Laboratory on samples obtained in the field. Excellent values of between 1.20 to 1.60 wt% Li2O were obtained from a dyke (BY Pegmatite) located to the north and east of the main resource block of TBL (Photo 1.0 - Crown Pillar; Photo 2.0 - BY Pegmatite). This will represent a new target area outside the already known and established crystallization areas in the resource.

The other targets of interest are the Grass River and the Sherritt Gordon dykes located to the south and west of TBL across the Crowduck channel. One sample from the Grass River dyke returned a value of 1.27 wt% Li2O. Of further interest are two samples of spodumene crystals that were taken from the outcrops. These crystals returned values of 6.86 and 6.97 wt% Li2O respectfully. This suggests that the Grass River dyke should be able to produce concentrates at the 6.0% level or greater. The Sherritt Gordon dyke also returned some very strong numbers of between 2.73 and 3.42 wt% Li2O. Both the Grass River and Sheritt Gordon dykes contain significantly coarser grained spodumene than TBL with crystals measuring upwards of 40 cm long and 5 to 8 cm wide (Photo 3.0 and 4.0 below).

All samples were sent to SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan, Canada. SRC employs standard industry procedures. Each sample was crushed to better than 70% - 2 mm and a 1 kg split was pulverized to better than 85% passing 75 μm. All samples were analysed using SRC procedure code ICP1 using a four-acid digestion producing both total and partial digestions ICP analysis. Lithium results were reported in ppm elemental lithium and converted to Li2O using a 2.153 conversion factor.

Dale Schultz, VP of Resource Development, commented "Lithium was first identified on the Snow Lake Lithium claims back in 1930s and 1940s, with subsequent drilling programs over the decades confirming the rich nature of the lithium bearing pegmatites on our property. The challenge now is to continue to organically expand our identified resource using all the tools at our disposal. Our summer prospecting program was extremely successful and the upcoming previously announced drone survey will deploy the latest state of the art technology to give us real time, in depth and layered data to further improve our understanding of the geology. Our prospecting program is providing us with the geological intelligence to perform what promises to be a very exciting winter drilling program that we believe will deliver substantial enhancements to our resource comprehension".

Philip Gross CEO Snow Lake Lithium further commented "The results of this prospecting expedition are incredibly encouraging and affirming of our belief that Snow Lake Lithium sits on one of the most promising resources in North America for lithium supply. Our recent laboratory analysis results would also suggest that our rock is amenable to producing a quality raw material for the battery industry. As the North American market pivots to full electrification of its automobile fleet, there is currently a systemic deficit of lithium supply for this critical demand. Snow Lake is perfectly positioned with geographic proximity, a viable resource and access to infrastructure to play a key role in what promises to be the most significant development in the industrialized world this century".

Table 1.0 - Table of wt% Li2O for Snow Lake Lithium's August 2021 Prospecting and Mapping program.

Map 1.0 - Location of Samples from Table 1.0 in wt% Li2O

Photo 1.0 - CEO Phillip Gross standing on the Crown Pillar of the TBL Resource.

Photo 2.0 - Spodumene at the BY Pegmatite

Photo 3.0 - Forty cetimenter long spodumene crystal from the SG Pegmatite

Photo 4.0 - Spodumene crystal from the GR Pegmatite

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