FE Battery Metals Corp. (FEMFF)

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First Energy Metals Drills 1.35 Percent Lithium Oxide over 2 meters at Augustus Lithium Property
July 13, 2021

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Vancouver, B.C. (July 13, 2021) – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company”) is pleased to announce results of a drill hole at its Augustus Lithium Property in Quebec, Canada. The drill hole LC21-003 intersected a six-meter-wide zone with 0.62 percent (%) lithium oxide (Li2O) at 45 metres (m) depth including a two metres wide intersection with 1.35% Li2O at 48 m depth. A second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 m depth (see Table 1 for details).

Drill hole LC21-03 was drilled at location: 284956E, 5368263N (NAD 1983 UTM Zone 18N), Azimuth 53.5 degrees, Dip 49.4 degrees with a total drilled depth of 147m. All intersections reported are based on drilled width and have not been converted to the true width.

In addition, the Company has granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 900,000 common shares under the Company’s Incentive Stock Option Plan. The options will be exercisable for a period of five (5) years, at an exercise price of $0.25 per share.

The stock option grant will be subject to a four-month hold period and is subject to Canadian Securities Exchange approval.

The drill program is based on the historical exploration data and the Company’s surface trenching and sampling program which is currently underway. Several historical drill hole collars were also located on the Property which help in location and orientation of drill holes for the current drill program. The Drill program commenced on April 5th at the Property by Forage Hebert Inc. Drilling of Amos, Quebec who is contracted for the drill program. A B-20 drill rig is deployed for this work which has a capacity to drill up to 1,000-meter-deep hole. A core shack has been built near the Property for drill core logging, sample preparation and storage. To date a total of 13 drill holes with a cumulative core drilling of 1,770 m has been completed on the Property. The drill core is being logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates and blanks are being inserted at an industry standard interval.

The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

https://www.firstenergymetals.com/en/news/2021/first-energy-metals-drills-1.35-percent-lithium-oxide-over-2-meters-at-augustus-lithium-property-2021-07-13/