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Brine samples were taken from DH-1 at various intervals and were sent to an independent laboratory and analyzed for lithium and other elements typical of lithium-enriched brine systems. Sampling areas and target depths were based on results from geophysical surveys, interpretations of drilled lithology, and field observations, including fluid conductivity and salt precipitation on exposed core.

The following provides a summary and preliminary assessment of laboratory analytical results and DH-1 lithium assays:

Lithium concentrations over test intervals

Hole depth (feet) Number of samples taken Mean lithium concentration (mg/L) Unity Unit description
195′ to 479′ 5 41.4 UCL Lower clastic unit
479′ to 1180′ 15 62.5 UGL/UCL Transition between lower bass unit and lower clastic unit
1180′ to 1250′ 2 110 CAU lake tuff
1250′ to 1400′ 3 126.6 LCU/LGU Transition between lower clastic unit and lower gravel unit

Figure 1

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  • Lithium was detected in all brine samples at concentrations between 38 and 130 mg/L.
  • Boron was also detected in all brine samples with concentrations between 16 and 39 mg/L.
  • The results strongly indicate the existence of an affinity for bicarbonate-rich groundwater quality that is typical in Clayton Valley lithium brine aquifers.
  • Lithium concentrations appear to increase near the deeper lacustrine tuff unit at 1,180 ft bgs and further increase to 130 mg/L in the deep gravels underlying the tuff near the bottom of the hole.
  • Analytical results indicate that lithium concentrations likely increase with depth and temperature.
  • The highest concentrations (130 mg/L) were from deep gravel samples at 1350 feet and 1400 feet BGS.

Additional aquifers have been intercepted above the basal gravel layer, including the main ash layer which is believed to be one of the targeted producing horizons of the nearby Albemarle Silver Peak lithium project.

A preliminary assessment of the major contacts encountered in DH-1, as they may apply to those depicted in regional historical data, is provided below:

  • 0 to 181′ Upper clastic unit (UCU)
  • 181 to 195′ Main ashtray (MAU)
  • 195 to 479′ Lower Clastic Unit (LCU)
  • 479 to 1180′ Lower Gravel Unit LGU/LCU
  • 1,180 to 1,250′ Airfall Ash – Lacustrine Tufa (CAU)
  • 1250 to 1400 Transition between LCU/LGU

Geological and geophysical data, including sample results, will help identify specific horizons to be tested in a Phase 2 drilling program which will include a separate larger diameter (TW-1) test well for completion. permeability testing and brine aquifer sampling. Phase 2 will also include up to three (3) new exploration holes DH-1A, DH-2 and DH-3 with the objectives of examining deeper horizons through isolated zonal tests, evaluating the stratigraphy and the potential for continuity between the stratigraphic units encountered. in DH-1. Phase 2 exploration holes will be supplemented with sealed vibrating-wire piezometers that will be used to monitor aquifer response during future pumping tests. Phase 2 is expected to start during the 4e quarter of 2022 subject to additional approvals and availability of drilling equipment and services.

Based on Clayton Valley’s previous drilling experience intercepting a high-rate brine horizon marking the gravel/bedrock contact, the ACME team is particularly focused on advancing drilling to test this brine zone. very promising.

ACME’s lithium brine project in Clayton Valley, Nevada, is contiguous to the northwest of Albermarle’s Silver Peak lithium deposit, which has been in production since 1966. Located in one of the best jurisdictions in the world , Clayton Valley is the only lithium-producing region in the United States. states.

ACME is well funded by strategic investors and positioned to achieve its near-term exploration and development goals with the goal of providing a domestic supply of lithium to the US and Canadian markets.

Analytical Quality Assurance and Quality Control

All analytical data reported in this press release was generated by the Western Environmental Testing Laboratory (“WETLAB”) of Sparks, Nevada. WETLAB is accredited by the Nevada State Division of Environmental Protection for the determination of lithium, magnesium, and other elements in non-potable water by EPA Method 200.7. The analytical results of the investigational samples met the laboratory’s quality assurance and quality control criteria.

The location of ACME’s project adjacent to or near lithium brine projects does not guarantee successful exploration or that mineral resources or reserves will be defined on ACME’s properties. The exploration, development and activities carried out by regional companies provide additional support and data for the exploration work carried out by ACME.

William Feyerabend, Chartered Professional Geologist, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis of this press release.

About ACME Lithium Inc.

Led by an experienced team, ACME Lithium is a mining exploration company focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or has the option to acquire a 100% interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County, Nevada, and Cat-Euclid and Shatford Lakes in the South -eastern Manitoba.

On behalf of the Board of Directors

Steve Hansson
CEO, President and Director
Phone: (604) 564-9045
[email protected]

Neither CSE nor its regulation services providers accept responsibility for the adequacy or accuracy of this press release. This press release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “will”, “could”, “might” or “should” occur and in this press release include , but not limited to, the attributes of, timing for, and expected benefits of exploration, drilling, or development on ACME’s project properties Information inferred from the interpretation of drilling results, sampling and other technical results may also be considered forward-looking statements because they are a prediction of what might be present when and if a project is actually developed.These forward-looking statements are subject to a variety of risks and i Uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks relating to fluctuations in metal prices; uncertainties relating to the mobilization of sufficient financing to finance the planned works in a timely manner and on acceptable terms; changes to the planned work resulting from weather, logistical, technical or other factors; the possibility that the results of the work will not meet expectations and realize the perceived potential of the Company’s properties; the risk of accidents, equipment failures and labor disputes or other unforeseen difficulties or disruptions; the possibility of cost overruns or unforeseen expenses in the work program; the risk of environmental contamination or damage resulting from the Company’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date on which it is made and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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