Tempus Resources Limited announced it has executed a binding Heads of Agreement giving it an option to acquire 100% ownership of Aurora Lithium, a private company that holds the applications for certain mineral claims including the Cormorant Pegmatite Field (the "Cormorant Project") and the White Rabbit Lithium Prospect located in central Manitoba (the "Transaction"). The Cormorant and White Rabbit projects are located in a newly emerging lithium district in central Manitoba defined along the Flin Flon ­ Snow Lake greenstone belt which extends over 250 km in length and approximately 75 km wide. The district is emerging as a new lithium belt in Manitoba and has attracted several other companies including Leeuwin Metals with two projects in the area including the JenPeg/Cross Lake Lithium Project, located 40 km to the south of the White Rabbit Project.

The Cormorant and White Rabbit Projects are located within the Flin Flon ­ Snow Lake greenstone belt in central Manitoba. The projects are serviced by road and rail infrastructure with power sources closely available. The White Rabbit Project, with total claim area of approximately 70 km2, is located adjacent to major railway and power infrastructure with year around road access.

The project is located approximately 40 km north of the Cross Lake community and approximately 100 km southeast of the mining centre of Thompson, Manitoba. The White Rabbit mineral claims have not yet been granted. Applications for the White Rabbit mineral claims were filed in July 2023 and are being processed by the Manitoba Economic Development and Trade.

Processing time for the granting of new mineral claims varies but is expected to take several months. The White Rabbit Project is located 40 km to the north of the Cross Lake Project owned by Leeuwin Metals, where multiple, sub-parallel spodumene bearing lithium, caesium, tantalum ("LCT") pegmatites of up to 20 m in thickness and strike lengths of over 400 metres with assay grades +1% LiO2 have been identified. Bedrock geology at White Rabbit displays a greenstone belt (Mafic volcanic rocks ­ pillowed basalt) enclosed by a large granodiorite to tonalite body.

The unique geological setting of the greenstone belt in contact with granite/tonalite bodies providing ideal conditions for the formation of LCT pegmatites. As a result, this setting is a prime target for lithium exploration. There is over 15 km of greenstone belt geology within the 70 km2 claim boundary.

Historic exploration at White Rabbit is limited to surface mapping completed by Manitoba Geological Service (MGS). The outcrop mapping survey indicates pegmatite dyke outcrops with strike lengths up to 2.5 km and widths up to 600 metres. The outcrop mapping is based on historic information and has not been verified by Tempus.

The Cormorant Project, with total claim area of approximately 187 km2, is located adjacent to major railway and power infrastructure with year around road access. The town of The Pas, with a population of approximately 5,000 people, is 40 km to the southwest and is a regional centre for workforce plus construction, mining and engineering services. The Cormorant Project mineral claims have not yet been granted.

Applications for the Cormorant Project mineral claims were filed in July 2023 and are being processed by the Manitoba Economic Development and Trade. Processing time for the granting of new mineral claims varies but is expected to take several months. Bedrock geology indicates pillowed to massive mafic volcanic rocks in contact with granite bodies.

Historic drilling confirms key structural trends associated with favourable LCT pegmatites in close proximity to granitic bodies.