News

December 13, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to announce that it has more than doubled the acreage on the recently acquired George Lake South Antimony Project in New Brunswick, Canada. This project now consists of 4,722 contiguous acres prospective for antimony.

James Nelson, President of Spearmint stated, “In light of the recent ban of antimony by China to the USA, we made this strategic acquisition increasing the size of the George Lake South Antimony Project.  Management feels that antimony will be one of the most sought after resources in 2025 and we plan to pursue this space with vigor and are currently evaluating additional projects. Management is formulating a plan on the George Lake South Antimony Project, and management also intends to update the market on Spearmint’s crypto diversification plan in the near future as well. These are truly exciting times for Spearmint and Spearmint shareholders.”

Recently, China banned exports of critical minerals, including antimony, to the United States. As trade tensions escalate between the United States and China, this move clearly emphasizes the urgent need for Western nations to secure reliable long-term sources of these critical minerals, which are now at the forefront of the global supply chain crisis.

Antimony is an essential component in semi-conductors, battery storage technology, and has several military applications. Prices of antimony trioxide in Rotterdam had soared by 228 per cent since the beginning of the year to $39,000 a metric tonne on Nov. 28, as shown by data from information provider Argus. The move is a considerable escalation of tensions in supply chains where access to raw material units is already tight in the West.

This new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America.  Antimony’s primary uses are:

• Semiconductors and Electronics: The growing electronics and semiconductor industries require antimony, making it a critical material for technological development, including infrared sensors and components for military and aerospace uses.
• Battery Technology: Antimony is also used in lead-acid batteries and in emerging technologies, such as energy storage and lithium-ion battery enhancements, which is a significant driver of demand in the future.
• Flame Retardants: The demand for antimony remains strong due to its use in flame-retardant materials, which are essential in a wide range of products like textiles, electronics, and plastics. As safety regulations around fire-resistant materials become stricter, the need for antimony-based compounds continues to grow.

About Spearmint Resources Inc.

Spearmint holds the include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 4,722 acre George Lake South Antimony Project in New Brunswick.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

This property was acquired via staking.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

December 12, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to provide an update to shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company’s ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company’s annual general meeting of shareholders (the “Meeting”) scheduled to be held at Cozen O’Connor LLP – 550 Burrard Street, Suite 2501, Vancouver, B.C., on Thursday, Dec. 19, 2024, at 10 a.m. PST.

James Nelson, President of Spearmint stated, “We want all of our shareholders to be aware of the current situation as there are many exciting events occurring for Spearmint in the short and medium term.”

As a result of the strike and pursuant to Canadian Securities Administrators’ Co-ordinated Blanket Order 51-931 (Temporary Exemption) from requirements in National Instrument 51-102 (Continuous Disclosure Requirements) and National Instrument 54-101 (Communication with Beneficial Owners of Securities of a Reporting Issuer) to send certain proxy-related materials during a postal strike, the Company is advising shareholders that:

1. At the meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the information circular:
   1. To determine and set the number of directors of the Company at four (4) until the next annual meeting;
   2. To elect directors of the Company to hold office until the next annual meeting;
   3. To appoint Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditor until the next annual meeting and to authorize the directors to set their remuneration;
   4. To transact such further or other business as may properly come before the Meeting or any adjournment or postponement thereof.
2. Electronic versions of the information circular, the form of proxy and all other proxy-related materials, as applicable, have been filed and are available on SEDAR+ and have been posted to the Company’s website.
3. The Company has satisfied all of the conditions to rely on, and is relying on, the exemption provided by the blanket order from the requirement to send proxy-related materials to its shareholders.
4. The Company will provide copies of the applicable proxy-related materials by e-mail to each entitled shareholder who requests same while the strike is continuing at no charge. Shareholders should reach out to the Company by e-mail at info@ca or by phone at 604-646-6903.
5. If you are a registered shareholder, please contact the Company’s transfer agent, Computershare, at [email protected] to submit a request for your individual control number to vote, then contact the Eproxy website to cast your vote for the coming meeting.
6. Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary. Beneficial shareholders should contact their brokerage house or depository company or other intermediary and ask to obtain their voting control number and the steps of how to vote, which could include Internet voting, completing a form of proxy and e-mailing it, directing your broker over the phone on how you wish to vote, or some other method as described by your brokerage house or depository company. The voting deadline for the Company’s coming meeting is 10 a.m. PST on Dec. 17, 2024.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 1,945 acres George Lake South Antimony Project in New Brunswick.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

December 09, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to announce that it has diversified the Company via an initial purchase of Solana.  Spearmint plans to commit up to 20 percent of the cash on hand to this diversification.

James Nelson, President of Spearmint stated, “Spearmint management feels it is prudent to try to be as proactive as possible to build shareholder value.  Management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space.  We plan to continue this plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term.”

Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Solana is both a cryptocurrency and a flexible platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives.  Spearmint has made an initial purchase 29.172 Solana via Bitbuy.

On November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony. This new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America. Last week, China banned exports of critical minerals, including antimony, to the United States. As trade tensions escalate between the United States and China, this move clearly emphasizes the urgent need for Western nations to secure reliable long-term sources of these critical minerals, which are now at the forefront of the global supply chain crisis.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 1,945 acres George Lake South Antimony Project in New Brunswick.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

(1)Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024

December 4, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to comment on yesterday’s announcement of China banning exports of critical minerals including antimony to the United States. As trade tensions escalate between the USA and China, this move clearly emphasizes the urgent need for Western nations to secure reliable long-term sources of these critical minerals which are now at the forefront of the global supply chain crisis.

Antimony is an essential component in semi-conductors, battery storage technology, and has several military applications. Prices of antimony trioxide in Rotterdam had soared by 228% since the beginning of the year to $39,000 a metric ton on Nov. 28, data from information provider Argus showed⁽¹⁾. The move is a considerable escalation of tensions in supply chains where access to raw material units is already tight in the West⁽¹⁾.

James Nelson, President of Spearmint stated, “This recent move by China is a clear signal of the importance for Western nations to explore for and develop a domestic supply of these critical minerals. Year to date, antimony prices have more than doubled, making it one of the best performing commodities this year and this recent move by China will likely further exacerbate this price surge. Management is currently formulating a plan to begin work on the George Lake South Antimony Project and also intends to update the market on Spearmints crypto diversification plan within 7-10 days. These are truly exciting times for Spearmint shareholders.”

On November 27, 2024, Spearmint acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony. This new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 1,945 acres George Lake South Antimony Project in New Brunswick.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

(1)Reuters; China bans export of critical minerals to US as trade tensions escalate; By Amy Lv and Tony Munroe; December 3, 2024

November 27, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to announce that it has acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony.

James Nelson, President of Spearmint stated, “Year to date, antimony prices have more than doubled, making it one of the best performing commodities this year. This is a great addition to our stable of projects and being in Canada, it allows us to access flow through money if needed.  Management is formulating a plan on this project and intends to update the market on Spearmints crypto diversification plan once additional information is ready. These are truly exciting times for Spearmint and Spearmint shareholders.

This new project is in the direct vicinity of the Lake George Antimony Mine in New Brunswick which was operated intermittently from 1876 to 1996 and was once the largest primary antimony producer in North America.  Antimony’s primary uses are:

• Semiconductors and Electronics: The growing electronics and semiconductor industries require antimony, making it a critical material for technological development, including infrared sensors and components for military and aerospace uses.
• Battery Technology: Antimony is also used in lead-acid batteries and in emerging technologies, such as energy storage and lithium-ion battery enhancements, which is a significant driver of demand in the future.
• Flame Retardants: The demand for antimony remains strong due to its use in flame-retardant materials, which are essential in a wide range of products like textiles, electronics, and plastics. As safety regulations around fire-resistant materials become stricter, the need for antimony-based compounds continues to grow.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project and now the 1,945 acres George Lake South Antimony Project in New Brunswick.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

This property was acquired via staking.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

November 12, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to announce that the board has decided to diversify a portion of the cash on hand into the crypto market.

James Nelson, President of Spearmint stated, “With the Republican Party winning the USA election, the sentiment towards crypto has become much friendlier.  We plan to take a portion of the cash on hand and move it into the highest quality portions of the crypto market.  Management feels that the longer term prospects of high quality crypto may outperform the banking rates and it makes sense to allocate a portion of our cash on hand to this area.”

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project.

Cautionary note and disclaimer on the crypto diversification:

Management plans to look at Bitcoin, Ethereum or Solana and will not allocate more than 20 percent of the cash on hand to this plan.  Spearmint is a mining company and not an investment issuer and has no plans to pursue that.  Management feels that allocating a portion of the cash may benefit the shareholders.  All allocated capital will be through a public firm and will not exceed 20 percent.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

November 7, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) has closed a non-brokered listed issuer financing exemption (LIFE) private placement of 15,625,000 units at a price of $0.016 per unit (the “Offering”) for gross proceeds of $250,000. Each unit consists of one common share of the Company and one share purchase warrant to purchase one common share of the Company at a price of $0.05 for a period of 60 months from the Closing Date. An aggregate finders’ fee of $2,576 was paid and a total of 161,000 non-transferable finders’ warrants exercisable at a price of $0.05 for a period of 24 months from the Closing Date were issued in connection with the Offering. The Company intends to use the net proceeds of the Offering for the Company’s general working capital, and evaluation and work on the existing projects.

James Nelson, President of Spearmint Resources, stated, “This is great news for Spearmint shareholders as we are now in a position to be much more active on our projects.  Management is very optimistic about the short term on Spearmint with the closing of this placement to strategic investors.”

The units sold under the Offering were issued and sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions (the “Listed Issuer Financing Exemption”). A copy of the offering document under the Listed Issuer Financing Exemption dated October 10, 2024 is available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.spearmintresourcsinc.ca. All units issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the “CSE”). All other securities not issued pursuant to the Listed Issuer Financing Exemption, the finders’ warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on March 7, 2025.

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

About Spearmint Resources

Spearmint’s projects include four projects in Clayton Valley, Nevada; the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge Gold project.

Spearmint’s other projects include the 3,015-acre Chibougamau project located in the direct vicinity of Lac Chibougamau, Quebec, and the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.’s Perron property and past-producing Normetal mine. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties.

If you would like to be added to Spearmint’s news distribution list, please send your email address to [email protected]

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

October 10, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) has arranged a non-brokered listed issuer financing exemption (LIFE) private placement of up to 15,625,000 units at a price of $0.016 per unit (the “Offering”). Each unit will comprise of one common share of the Company and one transferable share purchase warrant to purchase one common share of the Company at a price of $0.05 for a period of 60 months from the Closing Date.

The Offering is expected to close on or about October 31, 2024, or such other date and is subject to certain conditions including, but not limited to, the receipt of all necessary Canadian Securities Exchange, regulatory and other approvals.  The proceeds of this placement will go towards general working capital and evaluation and work on existing projects.  Finders’ fees may be paid to eligible arm’s-length persons with respect to certain subscriptions accepted by the company.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale to purchasers resident in Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.spearmintresources.ca. Prospective investors should read this offering document before making an investment decision.

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

September 16, 2024 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to report on some recent developments by our neighbor within the Clayton Valley of Nevada. On September 10, 2024, SLB (formerly Schumberger) announced that “… it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market. The proprietary integrated solution combines SLB’s subsurface expertise with surface engineering of advanced technologies that include direct lithium extraction (DLE). It produces lithium 500 times faster than conventional methods while using only 10 percent of the land. Operating at approximately one tenth the size of a commercial-scale facility, the plant reached a verified recovery rate¹ of 96% lithium from brine… The conventional alternative for producing lithium from brine at scale is evaporation. This process not only requires a significant amount of land but also results in massive water loss. Salt, underground minerals and used chemicals are then left at the surface, creating impact on biodiversity and the environment. SLB’s sustainable lithium production solution enhances sustainability by reducing water use. The proprietary process also returns the spent brine, or the brine with a reduced lithium concentration, back to its source after the lithium is processed and separated… The entire SLB solution, from extracting lithium from brine to converting it to technical-grade lithium carbonate, takes just hours. By comparison, evaporation methods can take up to 18 months and have a much lower recovery rate of 50 percent or less.”

Spearmint currently has four projects in Clayton Valley, Nevada, including the Elon Lithium Brine Project which is completely surrounded by the Pure/SLB Clayton Valley Project (see map) and is located in some of the deepest sections of this basin. Also located in Clayton Valley is Spearmint’s 100-per-cent-owned McGee Lithium Clay Deposit, where on June 17, 2022, the Company released its Technical Report which included an updated Mineral Resource Estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the Maiden Resource Estimate announced on June 11, 2021. The Technical Report and Mineral Resource Estimate was prepared by Derek Loveday, PGeo, and Mariea Kartick, PGeo, of Stantec Consulting Services Ltd. in conformity with CIM Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines and were reported in accordance with the Canadian Securities Administrators National Instrument 43-101. Spearmint management cautions that past results or discoveries on properties in proximity to Spearmint Resources Inc. may not necessarily be indicative of the presence of mineralization on the company’s properties.

James Nelson, President of Spearmint Resources stated, “We would like to congratulate SLB and Pure Energy on their hard work and success on this significant and scalable lithium production milestone. To achieve this level of efficiency in lithium production on such a reduced footprint compared to the existing evaporation pond method, it is truly a gamechanger for lithium development in Clayton Valley, Nevada. Spearmint maintains a sizeable footprint in Clayton Valley across 4 separate projects that have exposure to both lithium brine and lithium clay formations. Spearmint is currently permitted by the BLM for 4 additional drill holes on the McGee Lithium Clay Project and are optimistic about what the future has in store for the lithium stakeholders in Clayton Valley.”

Qualified person

The technical contents of this release were reviewed and approved by Mr. Bain, PGeo, a director of the Company and qualified person as defined by National Instrument 43-101.

About Spearmint Resources

Spearmint’s projects include four projects in Clayton Valley, Nevada; the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge Gold project.

Spearmint’s other projects include the 3,015-acre Chibougamau project located in the direct vicinity of Lac Chibougamau, Quebec, and the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.’s Perron property and past-producing Normetal mine. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties.

If you would like to be added to Spearmint’s news distribution list, please send your email address to [email protected]

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

December 4^st, 2023 – Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTD) (FSE: A2AHL5) (the “Company” or “Spearmint”) wishes to announce the Company has completed its 2023 drill program on the 100-per-cent owned, Chibougamau project. The project is composed of two separate contiguous blocks, the West block (14 claims totaling 776.59 hectares) and the East block (5 claims totaling 277.32 hectares) for a total of 1,053.82 hectares, and is located in the direct vicinity of Lac Chibougamau, Quebec, Canada. The drill program was composed of 4 NQ-sized drillholes for a total of 757 metres realized in the east block and targeting major features highlighted by vertical gradient of the residual magnetic field as presented in figure 1.

The first hole of the campaign, SP-23-001, encountered three (3) pegmatite intervals of 15.1, 8.1 and 2.8 meters long from 19.5 metres downhole. Assays from those pegmatites are pending to evaluate the potential of those dykes. Drillhole SP-23-002 intersected a mixed sequence of intrusion before getting at 177.75 meters into a 33.95 metres long interval of megacrystic gabbro containing locally up to 5-10% disseminated magnetite. This lithology shows similarities with the known Vanadium showing of Mont Sorcier. The third drillhole, SP-23-003, intersected a large sequence of alternating anorthosite and gabbro in which 0.5 metre quartz vein containing 0.5% chalcopyrite from 138.0 to 138.50m was encountered. The last Hole, SP-23-004, encountered several types of intrusion passing from anorthosite to a homogeneous fine gabbro followed by alternance of felsic to intermediate intrusion until the end of hole at 183 metres.

James Nelson, President of Spearmint Resources stated, “We are excited to have encountered three (3) pegmatite intervals in addition to encountering potential vanadium bearing rock formation during this drill program. Lithium companies in Quebec, such as Patriot Battery Metals Inc. (TSX.V: PMET), have recently had significant global attention based on their lithium bearing pegmatite discoveries and we look forward to the potential near-term catalysts these drill results will provide to the Company. There is no share consolidation being contemplated by management for the foreseeable future.”

Figure 1: Location of the planned drillholes, access, claims and vertical gradient of the residual magnetic field.

On June 17, 2022, the Company announced that it has received the updated Technical Report and Mineral Resource estimate for the 100-per-cent-owned McGee Lithium Clay Deposit in Clayton Valley, Nevada.  The Technical Report included an updated Mineral Resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the maiden resource estimate announced on June 11, 2021. The Technical Report and Mineral Resource Estimate was prepared by Derek Loveday, P.Geo. and Mariea Kartick, P.Geo. of Stantec Consulting Services Ltd. (“Stantec”) in conformity with CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines and were reported in accordance with the Canadian Securities Administrators NI 43-101.

Qualified Person

Maxime Bouchard, P.Geo., M.Sc., (OGQ #1752), an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained within this news release. The drilling campaign and the quality control program have been planned by Laurentia Exploration and supervised by Maxime Bouchard. Core logging and sampling is completed by Laurentia Exploration. The quality assurance and quality control protocols will include insertion of blank or standard samples every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Spearmint Resources

Spearmint’s projects include four projects in Clayton Valley, Nevada; the McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the Green Clay lithium project comprising 97 contiguous claims totalling approximately 2,000 acres; and the Clayton Ridge project comprising 35 contiguous claims totalling approximately 721 acres.

Spearmint’s other projects include the 2,605-acre Chibougamau project located in the direct vicinity of Lac Chibougamau, Quebec, and the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.’s Perron property and past-producing Normetal mine. For a complete list of Spearmint’s projects please visit spearmintresources.ca. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties.

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Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.