Imagine Lithium Inc. reported the largest lithium bearing drill intersection on the property to date at the Jackpot Project. The Jackpot lithium project is located in the Georgia Lake Pegmatite Field, approximately 140km northeast of Thunder Bay, Ontario. The Jackpot property is characterized by swarms of mineralized lithium-bearing granitic pegmatite dikes distributed over at least five zones on an 18,800 ha land package.

Jackpot West Extension highlights include: - 0.92% Li2O over 35.10m from 20.65m in hole JP-24-31 - Including 1.76% Li2O over 4.30m from 51.45m - 1.03% Li2O over 5.30m from 15.20m in hole JP-24-32 - 1.18% Li2O over 4.65m from 34.70m in hole JP-24-32 The most recent drill results from the winter drill program continue to support exploration model and highlight the importance of drilling previously untested areas of the property. The Company commenced a mapping and prospecting program in early May and have discovered new spodumene bearing pegmatite dykes east of the ?500 Pegmatite? and southwest of hole JP-24-31.

Imagine Lithium has drilled a total of 44,520m in 298 diamond drillholes on the Jackpot Project since 2018. The winter 2024 program completed a total of 6,170m in 40 diamond drillholes. Results announced continue to demonstrate the importance of drilling to develop near-surface lithium resources at the Jackpot Main Zone.

Summer field program will focus on identifying new spodumene bearing pegmatite targets outside of the Jackpot Main zone. The 35.1m lithium intercept in JP-24-31 extends the Jackpot Main Zone approximately 200m west of the westernmost 2018 drill intercept. Geological mapping and sampling will focus on areas south of the main zone and north of Carrot Lake to prioritize drill targets for the fall drill campaign.

The fall drill program will focus on resource definition drilling at the Casino Royale and NW Zones, north of the Jackpot Main Zone. Exploration holes will also be completed as part of this program to test newly discovered pegmatite dykes south of the Jackpot Main and north of Casino Royale. The Company expects to publish an NI 43-101 mineral resource estimate in 2024 which will include results from the proposed fall drill program.

The distinguishing feature of the Jackpot Lithium project is the existing infrastructure in the area (roads, power, labour force) and the proximity to a major port which elevates it from more remote lithium projects. This infrastructure would positively impact the overall economics of the project.