ION Energy Limited provided an update on drilling operations at Urgakh Naran in Mongolia, following the Company's previously announced site visit in September 2022. Efforts steadily progress at Urgakh Naran to complete the diamond holes as well as the monitoring wells, allowing the Company to progress inferred resource calculations. Summary: Diamond Core and Water well drilling has commenced at Urgakh Naran.

Core as well as brine samples are being collected for assaying and porosity testing.