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Saturday, 02/11/2023 5:00:58 PM

Saturday, February 11, 2023 5:00:58 PM

Post# of 16
Feb 2 2023 11:06:52 ET

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The Company is working with a number of experienced Direct Lithium Extraction (“DLE”) technology
providers to enhance recovery, lower power consumption, and reduce project capex. This work and
subsequent reservoirsampling is expected to be incorporated into a Preliminary Economic Assessment on
the Boardwalk Project which the Company expect will be completed in Q1 2023, and a NI-43-101 inferred
resource assessment at Park Place. LithiumBank has also retained consultants that have successfully
permitted and attracted government financing for industrial projects in Alberta.
“LithiumBank’s ongoing transition from a lithium resource explorer to developer is a defining moment for
our young company of 3 years," commented Rob Shewchuk, CEO and director of LithiumBank. “I am proud
of my team’s success in acquiring a 4 million acre plus portfolio of prospective lithium brine assets and
evaluating their potential. We willsoon be completing a further resource estimate at Park Place and await
receipt of a PEA of Boardwalk. Shifting gears to become a development company with near term lithium
production potential, at multiple district scale projects, highlights our view that Alberta is a critical
centerpiece to North America’s lithium supply chain industry. We are looking forward to a catalyst rich
2023 across our entire lithium brine portfolio


Feb 2 2023 11:06:52 ET
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00053370
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