Imagine Lithium Files NI 43-101 Technical Report for Previously Announced Mineral Resource Estimate for the Jackpot Property

Rhea-AI Summary

Imagine Lithium (TSXV: ILI) (OTCQB: ARXRF) has filed an independent NI 43-101 Technical Report supporting the previously announced Mineral Resource Estimate for its Jackpot Lithium Property. The report, prepared by P&E Mining Consultants Inc., is now available on the company's website and SEDAR+. Eugene Puritch, P.Eng., FEC, CET, President of P&E, serves as the independent Qualified Person for the report.

This filing follows the initial announcement of the Mineral Resource Estimate on September 03, 2024, and provides detailed technical information about the Jackpot Property's lithium resources. The report's availability on public platforms ensures transparency and allows investors and stakeholders to access comprehensive data about the property's potential.

Positive

• Filing of NI 43-101 Technical Report supporting the Mineral Resource Estimate for the Jackpot Lithium Property
• Report prepared by independent mining consultants, enhancing credibility
• Public availability of the report on the company's website and SEDAR+, promoting transparency

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - October 18, 2024) - Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") today announces that it has filed an independent Technical Report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the Mineral Resource Estimate for the Jackpot Lithium Property, reported on September 03, 2024.

P&E Mining Consultants Inc. ("P&E") is responsible for the Technical Report. The independent Qualified Person (QP), as defined under NI 43-101 is Eugene Puritch, P.Eng., FEC, CET, President of P&E.

The Report is available on the Company's website (www.imaginelithium.com) and on SEDAR+ (www.sedarplus.ca).

About Imagine Lithium Inc.

Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot Lithium Property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The Jackpot Property consists of 297 mineral claims covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources of 3.1 Mt grading 0.85% Li₂O in the Indicated category and 5.3 Mt grading 0.91% Li₂O in the Inferred category, as well as a number of other known pegmatite showings.

On Behalf Of The Board

"J.C. St-Amour"
J.C. St-Amour, President

For Further Information, Please Contact:

Telephone: +1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227042

FAQ

What did Imagine Lithium (ARXRF) announce on October 18, 2024?

Imagine Lithium announced the filing of an independent NI 43-101 Technical Report supporting the previously announced Mineral Resource Estimate for its Jackpot Lithium Property.

Who prepared the NI 43-101 Technical Report for Imagine Lithium's (ARXRF) Jackpot Property?

The NI 43-101 Technical Report was prepared by P&E Mining Consultants Inc., with Eugene Puritch, P.Eng., FEC, CET, President of P&E, serving as the independent Qualified Person.

When was the Mineral Resource Estimate for Imagine Lithium's (ARXRF) Jackpot Property initially announced?

The Mineral Resource Estimate for the Jackpot Lithium Property was initially announced on September 03, 2024.

Where can investors access the NI 43-101 Technical Report for Imagine Lithium's (ARXRF) Jackpot Property?

The NI 43-101 Technical Report is available on Imagine Lithium's website (www.imaginelithium.com) and on SEDAR+ (www.sedarplus.ca).