ACME Lithium Successfully Completes Brine Pumping Test

With Clayton Valley Results, ACME Lithium Poised to Capitalize on Lithium Demand‍

ACME Lithium has successfully completed a 10-day pumping test at test well TW-1 in Clayton Valley, Nevada. The test data will help estimate the transmissivity and storativity of the Lower Gravel Unit aquifer that TW-1 taps into. Preliminary data suggests TW-1 captures around 500 feet of potential lithium brine aquifer.

State permits limited pumping to 100 gallons per minute (gpm) for a total of 5-acre feet. ACME adhered to this, pumping at 95 gpm for 10 days. However, the aquifer drawdown suggests it could sustain higher rates. This means TW-1 taps a potential production aquifer.

Brine samples were collected during the test for multi-element analysis at Nevada-certified labs, including total and dissolved lithium. Bulk samples were also taken for potential bench-scale Direct Lithium Extraction (DLE) testing. Preliminary results are expected by the end of August 2023. An intact core from a previous drill hole was sent for lab testing of drainable porosity and brine volume that could be extracted from the aquifer by pumping. Along with the pumping test data, this will help assess if a lithium resource exists.

The Lower Gravel Unit that TW-1 taps into is a basal gravel layer overlying bedrock in Clayton Valley. The successful pumping test suggests this unit has the potential to produce lithium-rich brine at commercial rates. Pending further evaluation and results, the pumping test and core analysis will determine the volume of extractable brine and lithium concentration. This will indicate if a lithium resource is present in ACME's project.

ACME Lithium is focused on acquiring and developing battery metal projects, mainly lithium. This pumping test is a positive step for their flagship Clayton Valley lithium brine project. The data will help determine if future commercial production is viable. A potential lithium resource would solidify Clayton Valley as ACME's premier project.

Clayton Valley's lithium production potential reflects positively on ACME's other projects in Nevada, Manitoba and Saskatchewan. ACME is partnering with leading technology and commodity companies to rapidly advance and de-risk its portfolio.

The qualified persons supervising the work meet NI 43-101 standards. They have approved the scientific and technical disclosures around the pumping test results.

In summary

ACME Lithium has made an important step forward in evaluating the resource potential and commercial viability of brine extraction at their Clayton Valley lithium project. The successful pumping test gives confidence for larger-scale pumping and future development. Final results are pending, initial data is encouraging and positions Clayton Valley as a flagship asset.

Here are some reasons why ACME Lithium's Clayton Valley project could be a good investment opportunity based on the information in the summary:

• Successful pumping test proves concept and de-risks brine extraction potential. Demonstrates commercial production could be viable.
• Strategic location in productive Clayton Valley, where other companies operate lithium brine projects. Proven area play.
• Core analysis and pumping test data will quantify the size of lithium resource, if present. Could substantially increase project value.
• Partnerships with leading tech/commodity companies to validate projects and enhance development. Shared expertise.
• Plan to use Direct Lithium Extraction (DLE), an efficient processing method with low environmental impact.
• Flagship asset complements other projects in lithium-rich regions of Nevada, Manitoba and Saskatchewan. Diversifies opportunity.
• Lithium demand forecast to grow exponentially for EV batteries and energy storage. Limited global supply and constrained new projects.
• Management team has a track record of developing assets and creating shareholder value.

The promising Clayton Valley results, potential to quantify a lithium resource, strategic partnerships, and bullish lithium market outlook provide multiple catalysts for shareholder returns if executed successfully. The project appears derisked based on the initial pumping test data.