Cullinan begins exploration on Ontario, Quebec projects

Aug 30, 2023

2023-08-29 15:11 ET – News Release

Mr. Marc Enright-Morin reports

CULLINAN METALS STARTS EXPLORATION PROGRAM IN ONTARIO AND QUEBEC LITHIUM PROPERTIES

Cullinan Metals Corp., further to its news releases dated Aug. 21, 2023, and Aug. 23, 2023, has started an initial exploration program on its new Ontario and Quebec properties. The company has recently signed non-binding letters of intent (” LOIs “) with various arm’s length vendors with respect to these Properties. Under the LOIs, the Company will acquire a 100% interest in and to a series of highly prospective lithium mineral properties in Canada subject to the satisfaction of full due diligence investigation including preliminary sampling and exploration work on the Properties to the extent permitted by applicable mining laws.

The Properties

Ontario Properties

The Ontario properties which include Dory – Aerial Lake, East Haig, West Haig, Flower Fall and Flash Lake properties, are located in a lithium favorable geological setting of northwestern Ontario in the vicinity of the Georgia Lake, Mavis Lake, Separation Rapids, GT1’s Root Lake lithium projects in Northwestern Ontario.

Lilypad East and West properties are directly adjacent to significant Ta Cs Rb mineralization.

Quebec Properties

The Quebec Properties are located mainly in two prolific geological regions: a) the James Bay area (James Bay Pegmatite and James Bay Spodumene properties) where several new lithium discoveries have been made alongside the historical deposits; and b) in the Val d’Or region (VS and VN properties) located within the Archean Preissac-Lacorne batholith, a geological region with known lithium deposits, prospects and an existing lithium mine (North American Lithium or NAL).

Cautionary Statement: The above-mentioned information on the adjacent lithium prospects and deposits in this news release is taken from the publicly available information. The Company has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the properties, which are subject of this news release.

The Program

During the current phase of exploration (” Phase One Exploration “), two experienced field teams have been deployed to conduct field prospecting activities across Ontario and Quebec Lithium properties. This process will involve the systematic examination of the multiple fertile granitic pegmatite dykes. Furthermore, pegmatite sampling and trenching will be carried out to assess the presence and distribution of lithium-bearing pegmatites within each of the properties. This crucial step will provide valuable insights into the mineralogy and lithium content of the identified pegmatite deposits, aiding in the development of an extensive understanding of the property’s lithium exploration potential for further work. Initial scanning of samples will be carried out by using a laser-induced breakdown spectroscopy (LIBS), which has recently emerged as a tool for geochemical analysis outside the traditional laboratory setting, is a tool for Li exploration that can measure Li in minerals, rocks, soils, and brines in-situ in the field.

Marc Morin, CEO, expressed his enthusiasm about the commencement of the exploration, stating, “We are excited to initiate exploration at our Ontario and Quebec properties. With so many previous discoveries made in the areas near our Properties, we are optimistic that Phase One Exploration will return an excellent outcome for our shareholders.”

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Caution Regarding Adjacent or Similar Mineral Properties

This news release contains information with respect to adjacent lithium prospects and deposits or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.

About Cullinan Metals Corp.

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. With a strong emphasis on key energy resources such as copper, graphite, and lithium assets, Cullinan is dedicated to unlocking the potential of these resources globally.

We seek Safe Harbor.

https://www.cullinanmetals.com/