Imagine Lithium Releases Initial Mineral Resource at Jackpot Property – Announces 3.1 Mt at 0.85% Li2O Indicated and 5.3 Mt at 0.91% Li2O Inferred Mineral Resources

Imagine Lithium Inc. (TSXV: ILI) (OTCQB: ARXRF) (the “Company” or “Imagine”), is pleased to announce an initial NI 43-101 compliant lithium Mineral Resource Estimate (“MRE”) on its Jackpot Property, located near the Town of Nipigon, Ontario.

Jackpot Property Highlights:

• Indicated MRE of 3.1 Mt at 0.85% Li₂O contains 26.2 kt of Li₂O
• Inferred MRE of 5.3 Mt at 0.91% Li₂O contains 49.5 kt of Li₂O
• The MRE exhibits excellent mineralized continuity through a range of Li₂O cut-off grades up to 0.5% Li₂O
• Casino Royale is defined by eight diamond drill holes and remains open in all directions
• Additional nearby targets from previous exploration work provides excellent future Mineral Resource expansion potential
• Metallurgical test work by SGS Canada achieved an overall Li₂O recovery up to 81.5%

The Project is well serviced by existing infrastructure with access to nearby power sources and is approximately 40 km from the Town of Nipigon and 150 km from the port of Thunder Bay and 60 km from a potential port at Red Rock (Figure 1). Jackpot is proximal to the Great Lakes and St-Lawrence Seaway giving shipping access to processing plants globally, as well as Giga factories planned for southern Ontario and a possible lithium hydroxide plant contemplated for Thunder Bay or Red Rock.

J.C. St-Amour, Imagine President commented: “The initial MRE gives Imagine an excellent starting point on which to build Mineral Resources in the near future. There are several areas of the Deposit which remain open as well as new pegmatite targets which are untested. I cannot stress enough the importance and value of the Project’s location. The nearby infrastructure is a major advantage for future development of the Project as its proximity to a workforce, power, highway and ports, distinguishes Jackpot from other lithium projects which are much more remote and therefore expensive to develop. In addition, our MRE compares favourably to other deposits in the area, including Rock Tech’s Georgia Lake Project, located 15 km to the north of Jackpot. The unexplored potential on the Property gives us momentum to find and build additional lithium Mineral Resources.”

Continue at Imagine Lithium