Imagine Lithium Identifies New Lithium Zones on Jackpot Property

Rhea-AI Summary

Imagine Lithium (OTCQB:ARXRF) reported results from its 2025 field program on the Jackpot property (18,800 ha) in the Georgia Lake Pegmatite Field on October 3, 2025. Prospecting and mapping identified six new spodumene mineralized zones outside the current resource envelope. From 145 surface grab samples, peak assays include 4.155%, 3.918% and 3.596% Li2O, and 34 samples returned >0.10% Li2O. The company plans permitting for diamond drilling and bedrock stripping on five new zones for winter–spring 2026. Existing project MRE: 3.1 Mt indicated @0.85% Li2O and 5.3 Mt inferred @0.91% Li2O. QA/QC protocols and an independent QP reviewed the technical content.

Positive

• Peak surface assay of 4.155% Li2O
• Six new spodumene zones outside current resource
• 34 samples >0.10% Li2O from 145 grabs
• Project covers 18,800 ha in Georgia Lake field
• Existing MRE: 3.1 Mt indicated and 5.3 Mt inferred

Negative

• Only 34 of 145 surface samples exceeded 0.10% Li2O
• Many samples are boulders/subcrop, not in-situ bedrock
• No diamond drilling yet on new zones; drilling planned winter–spring 2026

Highlights:

• Prospecting has identified six NEW spodumene mineralized zones that are outside the known resource envelope.
• Expansion of the Jackpot lithium mineralization through geological mapping and surface rock sampling.
• Sample results include 4.155% Li₂O, 3.918% Li₂O and 3.596% Li₂O from 145 samples throughout the property.
• The Jackpot Property consists of 297 mineral claims covering 18,800 hectares.

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2025) - IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to report a successful field season to expand the known lithium mineralisation on the Jackpot property.

The Jackpot lithium project is located in the Georgia Lake Pegmatite Field, approximately 140 km northeast of Thunder Bay, Ontario (Figure 1). The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha land package (Figure 2).

The 2025 exploration program focused on property wide expansion of the known lithium mineralization on the property (Figure 2). Geological mapping and surface rock sampling was completed to follow-up soil geochemical anomalies identified by the 2024 program and additional soil sampling was completed to infill gaps in the older girds. During the 2025 field program, a total of:

• 1,106 field mapping stations were observed;
• 145 surface grab samples were collected for assay outside the current resource envelope;
• 28 muscovite samples were collected for LIBS geochemical analysis;
• 306 soil samples collected from the northern portion of the property (Jackpot West and Newkirk area); and
• 199 soil samples collected from the SW infill grid (north of MNW area).

Figure 1: Jackpot property located next to Trans-Canada Highway, power, port, railroad, and workforce.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/269014_73d7d455640f8a18_001full.jpg

Figure 2: Jackpot project target zones and diamond drillhole collar locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/269014_73d7d455640f8a18_002full.jpg

Results of the geological mapping and sampling program yielded 34 samples that returned greater than 0.10% Li₂O, with an additional 8 samples returning tantalum values anomalously higher than 100 ppm Ta in bedrock (Table 1). The highest bedrock sample returned 3.92% Li₂O from 85 bedrock samples and the highest boulder sample returned 4.16% Li₂O from 60 boulder samples throughout the property (Figure 3).

Table 1. Highlights of 2025 Surface Grab Samples Li₂O (%)

Sample ID	UTM E	UTM N	Li2O %	Ta (ppm)	K/Rb	Occurrence
487615	428136	5457163	4.155	8.8	34	Boulder
487583	431656	5456574	3.918	99.7	24	Outcrop
487737	429764	5463597	3.596	130	19	Boulder
487614	432222	5460802	3.509	2.4	42	Boulder
487736	429768	5463570	3.488	292	19	Subcrop
487585	430310	5460007	3.402	28	34	Boulder
487559	432030	5459442	2.907	16	61	Boulder
487565	432120	5459630	2.734	21.5	36	Boulder
487653	426929	5456950	2.691	23.6	42	Boulder
487739	429800	5463609	2.627	65.3	18	Boulder
487564	431947	5459457	2.519	21.7	42	Boulder
487600	428840	5460019	2.476	3.4	29	Boulder
487582	431624	5456581	2.153	124	24	Outcrop
282971	431615	5457724	2.112	42.6	30	Bedrock
487740	429819	5463642	1.869	102	17	Boulder
487609	431613	5457720	1.839	66.2	31	Outcrop
487734	429788	5463582	1.735	80	17	Boulder
487587	430554	5460710	1.425	51.4	33	Boulder
487701	425971	5460170	1.322	13.8	20	Boulder
487706	432605	5460995	1.240	39.2	31	Boulder
282969	436151	5473996	1.238	44.1	29	Bedrock
487738	429814	5463617	1.234	140	19	Boulder
487595	429906	5459611	1.171	40.9	41	Boulder
487624	433069	5461440	1.115	43.4	35	Subcrop
487623	433115	5461453	1.053	15.7	38	Boulder
487704	432771	5461161	0.771	33.2	30	Boulder
487569	431667	5459386	0.360	59.2	42	Boulder
487558	432111	5459552	0.353	4.8	20	Boulder
487563	431794	5459506	0.325	280	78	Boulder
487562	432113	5459495	0.271	18.9	56	Boulder
487703	432802	5461185	0.243	9	32	Boulder
487705	432765	5460980	0.217	2	78	Boulder
487567	431989	5459614	0.180	10	68	Boulder
487639	432665	5460995	0.101	9	91	Boulder
487743	432917	5455683	0.026	205	93	Outcrop
487654	430757	5463261	0.004	147	27	Subcrop
487731	432705	5456421	0.008	121	40	Outcrop
487649	440055	5459580	0.004	118	24	Outcrop
487591	430194	5459890	0.011	112	25	Outcrop
487730	432717	5456397	0.036	109	32	Outcrop
487608	431555	5457713	0.021	101	26	Outcrop
487590	430188	5459887	0.007	100	21	Outcrop

 

Figure 3: Jackpot project surface grab sample results from the 2025 field program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/269014_ili10032025.jpg

Of the six new spodumene mineralized zones, Jackpot West and Cosgrave North have in-situ lithium pegmatite on surface (Figure 3). The Jackpot South and Newkirk Zones consist of subcrop and boulders, while the Southwest Zone and Blay Lake Zone are defined by boulders (Figure 3). The Jackpot South, Blay Lake, Jackpot West, Cosgrave North and Newkirk Zones will all be permitted for diamond drilling and bedrock stripping that will be completed in the winter and spring of 2026.

Simone Suen, President of Imagine, commented: "We have discovered lithium mineralization in new areas of the property that have previously been untested and we are currently prioritizing diamond drill targets based on a very productive summer prospecting season. Our team is very excited to commence drilling on these new targets and we are in an excellent position to build on our 3.1 Mt indicated and 5.3 Mt inferred (grading 0.85% and 0.91% Li₂O, respectively) Mineral Resource on the project."

Scale (m)QA/QC Protocol

Imagine Lithium implemented a strict QA/QC protocol in processing all rock and soil samples collected from the core material and soil horizons obtained on the Jackpot property. The protocol included the insertion and monitoring of appropriate reference materials. High and low concentration certified lithium standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.

All collected core rock and soil samples were put in sturdy plastic bags, tagged, and sealed in the core shack under the supervision of a professional geologist. The sample number, depth and brief description of each sample is logged and entered to a digital database. Rock core samples were split using a diamond saw with half of the sample remaining in the core box and the other being placed in a labelled sample bag. Duplicate samples were quarter split and placed into individual sample bags.

All sample bags were put into rice bags and stored securely before being delivered to AGAT Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish. Soil samples were placed into small brown paper bags and analyzed by 4-Acid digest with ICP-OES and ICP-MS Finish.

Qualified Person

The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.

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

"Simone Sze Man Suen," 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 STATEMENTS: 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/269014

FAQ

What assays did Imagine Lithium (ARXRF) report from the Jackpot property on October 3, 2025?

Surface grab highs include 4.155%, 3.918%, and 3.596% Li2O from the 2025 program.

How large is the Jackpot property that Imagine Lithium (ARXRF) is exploring?

The Jackpot property covers 18,800 hectares (297 mineral claims).

How many new spodumene mineralized zones did Imagine Lithium (ARXRF) identify at Jackpot in 2025?

The company identified six new spodumene mineralized zones outside the known resource envelope.

When will Imagine Lithium (ARXRF) begin diamond drilling on the new Jackpot targets?

Diamond drilling and bedrock stripping are planned for winter and spring 2026 following permitting.

What proportion of 2025 surface samples at Jackpot returned measurable lithium for Imagine Lithium (ARXRF)?

34 of 145 surface grab samples returned >0.10% Li2O.

What existing mineral resource does Imagine Lithium (ARXRF) report for Jackpot?

The project has a reported MRE of 3.1 Mt indicated @0.85% Li2O and 5.3 Mt inferred @0.91% Li2O.