E3 LITHIUM LTD. announced the results from its third and final well associated with its inaugural drill program in 2022. The third well outlined the thickness of the Leduc Aquifer to be consistent at 202 metres. Brine sampling was conducted at a single interval, roughly in the middle of the aquifer, which demonstrated a lithium concentration result of 74 mg/L. Drill Program Summary: Demonstrating Consistency Across the Leduc Aquifer.

The data collected from these three wells is fundamental for E3 Lithium's understanding of the Leduc Aquifer in the Clearwater Project Area. The properties of the aquifer, the chemistry of the brine and the grade of lithium sampled in all wells demonstrate consistency. This consistency allows E3 to design and build the commercial facility more simply given it doesn't need to be designed to handle a large variation of fluid chemistry.

E3 plans to use the data gathered from these wells to complete an upgrade of its resource from Inferred to Measured and Indicated. Third Well Repurposed from Existing Infrastructure: E3's third well, located approximately 10 kilometres northwest of its first and 23 kilometres northwest of its second, was repurposed from an existing oil and gas well, which represented cost savings of more than $1.5 Million and required no new land disturbance which reduced the environmental footprint associated with E3's drill program. The brine sample from E3's third well was analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody, in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum guidelines.