Lithoquest Resources Inc. announced assay results from the 2022 spring drill program on its Miminiska Property located in northwestern Ontario, Canada. Three zones with significant gold mineralization were encountered, including 27.6 g/t Au over 0.59m starting from 115m. 2022 Spring Drill Program; 659m of drill core was recovered from two holes drilled at the Miminiska Prospect in March 2022: DDH 22-01 and DDH 22-02.

Approximately 800 core samples were collected and submitted for assay. DDH 22-01 was inclined at -55 and drilled at an azimuth of 178 degrees obliquely across the southern limb of the folded iron formation. The drill hole intersected altered iron formation and clastic sediments.

DDH 22-01 returned four assays > 1 g/t Au including 2.40 g/t Au over 1.0 meter and 2.39 g/t Au over 0.44 meters. DDH 22-02 was inclined at -60 and drilled due north to test a coincident structural and conductivity target located on the west side of the central limb. Significant sulphide mineralization, including pyrite, pyrrhotite and arsenopyrite as well as quartz veining was encountered in 2 sections of altered iron formation in the drill hole.

Both sections returned significant assays including 27.60 g/t Au over 0.59 meters and 1.76 g/t over 5.72 meters (including 6.73 g/t Au over 0.53 meters and 9.91 g/t Au over 0.37 meters). QA/QC Program; The company employs a comprehensive quality assurance/quality control program. Drill core logging and sampling was completed at Bayside Geoscience's office located in Thunder Bay.

Sample lengths were typically between 0.5 and 1.0 meter with a minimum sample length of 0.35 meters and a maximum of 1.25 meters. Drill core was cut in half using a rock saw equipped with a diamond blade. One half of the core was put into a sealed polyurethane sample bag and the remaining half returned to the core box for archiving.

Once packaged and sealed, the samples were delivered by Bayside Geoscience personnel to Activation Laboratories Ltd. ("Actlabs") Thunder Bay location, a IS0/IEC 17025:2005 accredited laboratory. As part of the QA/QC program, each sample submission included blanks, duplicates and certified reference materials (CRM's) representing 10% of the total samples analyzed. Duplicate samples were created by cutting core into two quarter core samples, each submitted in a separate polyurethane sample bag with a unique sample identification.

Actlabs also performs internal QA/QC analyses as part of their protocols. Gold results were obtained from a 30g homogenized sample analysed by fire assay with atomic absorption spectrometry ("AAS"). For samples that returned > 5000ppb Au from fire assay/AAS, a reassay by fire assay with a gravimetric finish was employed.