Lithiumbank announces 30% increase in overall lithium resources at boardwalk brine project, including 5,195,000 tonnes lce measured and indicated resources at 81.6 mg/l lithium

Calgary, alberta--(newsfile corp. - february 20, 2025) - lithiumbank resources corp. (tsxv: lbnk) (otcqx: lbnkf) ("lithiumbank'' or the "company") is pleased to announce an updated national instrument 43-101 - standards of disclosure for mineral projects ("ni 43-101") lithium-brine mineral resource estimate of 1,671,000 tonnes of measured lithium carbonate equivalent ("lce") at a grade of 81.2 mg/l lithium and 3,524,000 tonnes of indicated lce at a grade of 81.8 mg/l lithium within the leduc formation ("fm"), and 1,128,000 tonnes of inferred lce at 81.8 and 1,649,000 tonnes inferred lce at 78.1 mg/l lithium within the leduc and beaverhill lake group ("gp")/swan hills fm, respectively, underlying its 100% owned boardwalk lithium brine project ("boardwalk") located in west-central alberta. the resource update reports an increase in lithium grade of approximately 18% from the previous resource estimate and an increase in overall lithium resources by approximately 30% (previous boardwalk resource estimate with effective date feb. 22, 2024) and increasing the company's overall lithium resources as shown in table 1 and figure 4.
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