Cosmos Exploration Limited announced that it has commenced its maiden exploration programs at the highly prospective Corvette Far East Lithium Project, located in the prolific James Bay district in Quebec, Canada. The Corvette Far East Project is located directly along trend from the recent lithium discoveries made by Patriot Battery Metals Inc. at its Corvette Project. The Project is located just 20km east of the Corvette Project within the same greenstone belt, where historic large-scale mapped pegmatites remain unexplored, and is prospective for lithium over 15km of strike.

Geologically, the greenstone within the Corvette Far East Project is interpreted to be a `dismembered' section of the exact same greenstone belt that hosts Patriot Battery Metals' CV5 discovery where recent world class drill intercepts of up to 131.2m at 2.0% Li2O including 15.0m at 5.1% Li2O have been announced. The Company has now approved work programs for the First Quarter and Second Quarter of 2023 for Corvette Far East. These programs comprise: 1. A Helicopter-assisted Airborne Magnetic Survey which is currently mobilising to the area.

The detailed survey is designed to assist in mapping pegmatites across the Project. The survey, which is being conducted by Axiom Geophysics & Remote Sensing Group, will initially comprise 100m-spaced flight lines. Preliminary images are expected in about one month with a detailed suite of images and other geophysics support to be produced and provided by Resource Potentials Geophysics Consultants.

2. A detailed Hyperspectral Analysis Program is also being conducted by Axiom Geophysics & Remote Sensing Group, comprising the acquisition, processing and analysis of Synthetic Aperture Radar (SAR) and Sentinel & Aster Multispectral datasets that are designed specifically to target the geological characteristics of lithium-caesium-tantalum-bearing pegmatites. 3. Detailed Aerial Orthoimage Photography (30cm resolution Pleiades Neo 6 -Band) is currently being compiled, processed and purchased which will also assist in the identification of pegmatite outcrops across the Project. 4. Logistics and planning for the Company's maiden Helicopter-Assisted Rock Sampling Program is currently being advanced.

This comprises all the required provincial permitting, accommodation and personnel contracts required for a successful program that adheres to all the local EHS requirements. This program is scheduled to commence in the 3rd week of May, which will give the Company time to acquire and compile all of the above critical datasets and conduct a detailed targeting ranking matrix for targeted sampling.