NR: Patriot Discovers New Lithium Pegmatite Cluster On-Trend with the CV5 Pegmatite and Samples 3.73% Li2O

August 10, 2022

Highlights

• Significant discovery of spodumene pegmatite outcrop cluster (CV13) located approximately 4.3 km along trend to the southwest of the CV5-1 pegmatite corridor and current drill area
  • A total of thirty-one (31) spodumene-bearing pegmatite outcrops identified, including twenty (20) outcrops with estimated >5% modal spodumene content
  • Pegmatite outcrops extend over two (2) contiguous trends, totalling approximately 2.3 km in combined strike length and are situated on geological trend between the CV5-1 pegmatite corridor and the CV8-12 pegmatite cluster
  • Pegmatite outcrops are situated within the apex of a regional structural flexure, indicating a highly favourable geological setting for lithium pegmatite emplacement
  • Average lithium grade of 0.98% Li2O over thirty-two (32) pegmatite grab/chip samples analyzed to date, to maximum of 73% Li2O
    • Tantalum values ranging from <10 ppm to 948 ppm Ta2O5 (3.11% Li2O), and averaging 113 ppm Ta2O5
  • A total of 121.1 m of channel samples collected for more detailed assessment of lithium-tantalum mineralization over ten (10) outcrops
• Additional spodumene pegmatite outcrops discovered along strike at the CV8 and CV9 pegmatite clusters
  • CV9 Pegmatite trend has been extended and now includes at least sixteen (16) spodumene-bearing outcrops over a strike length of approximately 400 m, which has not been drill tested
  • CV8 Pegmatite trend has been extended and now includes at least five (5) spodumene-bearing outcrops over a strike length of approximately 240 m, which has not been drill tested
• Approximately 20 km of prospective CV Lithium Trend/Corridor remains to be prospected for lithium pegmatite, including the majority of the Felix, Deca-Goose, and Corvette East claim blocks.
• Through August 4th, 2022, prospecting and geological mapping has identified at least seventy-one (71) individual spodumene pegmatite outcrops (defined as >5% visually estimated modal spodumene content) forming up to six (6) distinct clusters across the Property – CV5-1 Pegmatite Corridor (focus of current drilling), CV4, CV8-12, CV9, CV10, and the newly discovered CV13
• Due to the CV13 Pegmatite discovery, the surface program has been extended until mid‑October / first snowfall and will continue with mapping, channel sampling, and prospecting across the Property