Foremost Lithium Announces Positive Drill Results Including 1.10% Li2O at 10 Metres From its Zoro Property, Manitoba, Canada

Results from drill holes FL24-009 FL24-0010 & FL24-0020 include:

• DL FL24-009 confirmed 1.15% Li₂O over 4.97 m and 1.52% Li₂O over 5.02 m
• DL FL24-010 confirmed 1.10% Li₂O over 9.88 m
• DL FL24-020 confirmed 0.80% Li₂O over 9.05 m

VANCOUVER, British Columbia, Aug. 14, 2024 (GLOBE NEWSWIRE) — Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to announce positive results from completed 5,826-metre drilling campaign at its Zoro Lithium Property (the “Property” or “Project”) that was previously announced completed on May 23, 2023. The drilling program targeted untested mineralization at depth, south-east of Dyke 1, the Company’s maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li₂O, with a cut-off of 0.3%, as outlined in the Company’s filed Regulation SK-1300 Technical Report Summary (2023) and NI 43-101 Technical Report (2018). Assay results included 1.52% Li₂O over 5.02m in drill hole FL24-009, 1.10% Li₂O over 9.88m in drill hole FL24-010, and 0.80% Li₂O over 9.05m in drill hole FL24-020.

Jason Barnard, President & CEO of Foremost, said: “We are pleased to announce these strong drill results, reflecting the significant upside potential in our Zoro property and in the entirety of our Lithium Lane projects. As the world continues its energy transition, lithium projects in friendly nations close to industrial demand centers are poised to play a key role. To that end, I firmly believe that Foremost’s lithium project portfolio could help make Canada into a leading supplier of lithium to North American industry.”

Figure 1. Drill holes Completed at the Dyke 1 Spodumene Pegmatite

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