Arctic Fox Phase 2 Exploration Program Results at Pontax North

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA (January 22, 2025) – TheNewswire - Arctic FoxLithium Corp. (CSE: AFX / FSE: O5K) (the “Company” ) ispleased to announce that it has received assay results for its Phase 2exploration program from ALS Laboratory in Val d’Or, Qu ébec.  As previously announced onOctober 30, 2024 the Phase 2 exploration program lasted nine (9) daysin total and consisted of controlled blasting in three (3)  areas ofinterest.  The following map shows the three (3) areas of interestalong with six (6) primary targets that underwent controlled dynamiteblasting to expose fresh rock for description and assaying.  Thegeological team collected eighteen (18) samples , three (3) from each of the six(6) primary targets.  The final assay results received from ALSLaboratory in Val d’Or, Qu ébec indicate that all eighteen (18) samples collected weremarginally anomalous for lithium (Li). However with the lithium marketin general being quite depressed the values indicated are notconducive for the Company to continue further exploratory work at thistime.

Harry Chew, Chief Executive Officer of Arctic Fox,commented, “Our Phase 2 exploration resultshave highlighted some marginally anomalous results for lithium andother strategic minerals on the Pontax North property.  We havegained a lot of information from our Phase 2 exploration programhowever with the current state of the lithium market the Company willhave to assess its current position and explore its options includingadding other properties or assets to its portfolio to createshareholder value”.

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Figure 1: Blast preparation target #2                       Figure 2: Freshly Exposed rock target #2

About Arctic Fox Lithium Corp.

Arctic Fox Lithium Corp. is a junior mineralexploration company focused on the acquisition and development ofmineral properties containing battery, base and preciousmetals.

The Company’s 2,756-hectare Pontax North LithiumProject (“ PontaxNorth ”) is located 12 km south of Allkem Ltd.(ASX/TSX:ALLKEM) (“ Allkem ”) James Bay Lithium Project and 12 kmnorth of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project,located in northern Québec, approximately 130 km east of the EastmainCree Nation’s community.

The northern portion of Pontax North contains a lithiumprospective zone in a similar geological environment to Allkem’sproject. According to the Quebec Ministère de l’Énergie et desRessources Naturelles  (MERN) the Causabiscau Suite is characterizedby the abundance of S-type pegmatitic granite intrusions, a lithologyknown for its Be, Li, Cs, Nb, and Ta potential. Beryl (a berylliumsilicate mineral) is reported in several outcrops within this zone.The Property is known to contain a 10 km long pegmatite trendas mapped by MERN. This trend appears to beunderexplored, despite its recognized lithium potential. Swarms oflithium-bearing granitic dykes are present 12 km north of the Propertyat Allkem’s Cyr deposit and at Stria Lithium’s Pontax deposit 12km to the south.

References to adjacentproperties:

12 km North: Allkem Ltd. James BayLithium:

The technical report entitled “NI43-101 Technical Report Feasibility Study James Bay Lithium ProjectQuebec, Canada” prepared by G Mining Services, SLR Consulting, WaveInternational and WSP Canada and dated September 29, 2023.

12 km South: Stria Lithium Inc.(Pontax Lithium Project):

https://strialithium.com/exploration/pontax-project/

* This news release containsinformation about adjacent properties on which Arctic Fox has no rightto explore or mine. Readers are cautioned that mineral deposits onadjacent properties are not indicative of mineral deposits on theCompany’s properties.

The technical information containedwithin this News Release has been reviewed and approved by BenjaminMougin, P.Geo, M.Sc. and Qualified Person as defined in NationalInstrument 43-101 Standards of Disclosure for Mineral Projects.Benjamin Mougin is independent of Arctic Fox Lithium Corp.

For further information, please contact:

Harry Chew, President, CEO
Phone: (604) 689-2646

On behalf of the Board of Directors,

“Harry Chew”

Harry Chew

President & CEO

Arctic Fox Lithium Corp.

Twitter: https://twitter.com/arcticfoxLi

LinkedIn: https://www.linkedin.com/company/arcticfoxlithium

Facebook: https://www.facebook.com/arcticfoxlithium

Instagram: https://www.instagram.com/arcticfoxlithium

YouTube: https://www.youtube.com/@arcticfoxlithium

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.

Forward-LookingInformation: This releaseincludes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other thanstatements of historical facts, that address any activities and eventsor developments that Arctic Fox Lithium Corp. (" Arctic Fox ") expects to occur, areforward-looking statements. Although Arctic Fox believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those forward-looking statements. Forward-looking statements inthis press release include, but are not limited to, statementsrelating to: potential benefits of the fieldwork described in thispress release; and the future potential of and exploration on theproperties described in this press release. Factors that could causeactual results to differ materially from those in forward lookingstatements include the failure to complete the fieldwork on the timingand terms as contemplated or at all; uncertainty with respect to theresults of future exploration and the ability to conduct anyexploration activities on the properties described in this pressrelease; market prices; disruptions relating to the COVID-19 pandemic;and continued availability of capital and financing and generaleconomic, market or business conditions. These statements are based ona number of assumptions including, among other things, assumptionsregarding general business and economic conditions; in order toconduct anticipated exploration activities; and that the explorationcompilation work described in this press release will be completed asanticipated. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those projected in the forward-lookingstatements. Arctic Fox does not assume any obligation to update orrevise its forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required byapplicable law.

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