Cosmos Exploration Limited advised that it has entered into a binding agreement to acquire up to a 75% intertest in the highly prospective Lasalle Lithium Project ("the Project"), located in the prolific James Bay district in Quebec, Canada. The Company is acquiring 9481-6337 Quebec Inc. which is party to a binding and exclusive earn-in agreement with Midland Exploration Inc. whereby it has the option to earn up to a 75% interest in the Project ("Acquisition"). The Lasalle Lithium Project consists of the 39 claims and is located 100km along strike from the exciting recent lithium discoveries made by Patriot Battery Metals Inc. at its Corvette Project, which hosts the world-class CV5 discovery where recent spectacular drill intercepts of up to 52.2m at 3.3% Li2O incl.

15.0m at 5.1% Li2O have been announced. The Lasalle Lithium Project is also located 30km north of Winsome Resources Limited's Adina discovery, where recent outstanding drill intercepts of up to 107.6m at 1.3% Li2O have been announce. Geologically, the greenstone within the Lasalle Lithium Project is interpreted to be very similar to the lithological hosts to the CV5 and Adina lithium pegmatite discoveries.

Importantly, the Project is interpreted to occur in close proximity to the same fertile tonalite intrusives also seen at the CV5 discovery that are likely to be the source granites for the unusually large lithium-caesium-tantalum (LCT) pegmatites in the area. This geological interpretation strongly supports the prospectivity of the Project for further lithium discoveries. The prospectivity of Lasalle Lithium Project is accentuated by the close proximity to extremely large spodumene-bearing pegmatite boulders on the adjacent Mirage Project, held by Brunswick Exploration Inc. .

Lasalle Lithium Project is interpret to occur in close proximity to extremely large spODumene-bearing pegmatites on the ground ahead of planned drill testing in the second half of 2023. Summary of the key terms of the Acquisition: Cosmos is acquiring all of the issued and outstanding shares of 9481-6337 Québec Inc. from DG Resource Management Ltd. and Ikigai Strategic Investments Pty ltd ("Vendors") on the following terms: · CAD 40,000 cash; 1,000,000 fully-paid Cosmos shares (Acquisition Shares); 1,000,000 Performance Rights convertible into shares on a one-for-one basis upon a drilling or channel interval of at least 5m of at least 1% Li2O being achieved, as verified by an independent Competent Person under the JORC Code 2012 at the Lasalle Lithium Project; Completion of the Acquisition is subject to the satisfaction of standard condition precedents.