ISM Resources Corp. provided a corporate update, including exploration plans for 2023 on its various projects both in Canada and Nevada, together with further announcements regarding its corporate affairs. Property Exploration Update.

ESN Project. Further to the Company's news release dated May 23, 2023, whereby the Company announced an Enzyme Leach (EL) geochemical survey will commence following the completion of the helicopter-borne geophysical survey (announced on May 18th, 2023) on the Company's ESN project located in White Pine County, Nevada, the Company reports the helicopter-borne geophysical surveys was delayed due to the helicopter reaching its hour limit for service. Prospectair Geosurveys Inc., of Gatineau, Quebec, has now informed the Company the survey will commence on or before June 15, 2020.

The enzyme Leach (EL) geophysical survey will commence following the completed of the helicopter-borne ge geophysical survey which was contracted to Trend Resources LLC. Koster Dam Project. The Company, along with its joint venture partner, Cariboo Rose Resources are currently in discussions to define the extent of the 2023 exploration plans and will issue a news release upon the final exploration plans being determined.

The Koster Dam property is comprised of nine Mineral Title Online mineral claims covering an area of 4,535 hectares located in the Clinton Mining Division, British Columbia. ISM has earned a 45% interest in the Koster Dam project by meeting the exploration requirements of its current Option Agreement respecting the same. A joint venture to explore the Koster Dam project was formed in December 2021, with Cariboo Rose having a 55% interest and ISM having a 45% interest.

Each party contributes pro rata to exploration expenditures. The Company's recently filed and updated NI 43-101 report, dated August 27, 2022, and respecting the project can be viewed on SEDAR under the Company's profile. Serindac Lake and Vaubert Lake Project.

On May 29, 2023 the Company announced that it had entered into a definitive agreement with various sellers to acquire, through its wholly-owned subsidiary, Discovery Lithium Inc., a 100% undivided legal and beneficial interest in and to each of those certain Serindac Lake Claims (comprising 1,675 mineral claims) and Vaubert Lake Claims (comprising 2,113 mineral claims) located in the under-explored Nunavik region of Northern Quebec. The proposed acquisition provides ISM with a substantial land package that holds great potential for spodumene-bearing lithium pegmatites. In this respect the Company announced that GroundTruth Exploration has been engaged to plan and execute an exploration work program on ISM's Serindac Lake and Vaubert Lake project once the acquisition is completed.