Black Spruce Exploration Inc. · TSXV:BARK

Black Spruce Exploration — Lithium One Metals — Investor Presentation (May 2023)

22 slides from Black Spruce Exploration's investor presentation, May 2023

  1. Slide 1: Strategic Exploration in Canada's Prime Lithium Districts

    May 2023 INVESTOR PRESENTATION Strategic Exploration in Canada’s Prime Lithium Districts LONE: TSX.V | lithiumonemetals.com

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements”. All statements, other than statements of historical fact, that address events or developments that Lithium One Resources Inc. expects to occur, are forward-looking statements. Fo

  3. Slide 3: Our Projects: Exploring in Canada's Prime Lithium Districts

    Our Projects Exploring in Canada’s Prime Lithium Districts QUEBEC Strategic portfolio of 12 lithium properties (45,000 ha) adjacent or proximal to existing Taycan + Bugatti discoveries and deposits + Ferrari O N TAR I O Cyr-Kapiwak • Located in Canada’s dynamic, emerging lithium districts in Ontario

  4. Slide 4: James Bay Lithium Projects

    Quebec James Bay Lithium Projects SIZE PROJECTS 19,080 ha Taycan Ferrari QUEBEC QUEBEC Bugatti Cyr-Kapiwak Sirmac East • Dominant land position in one of Canada’s fastest growing lithium districts • 10 advanced stage projects and numerous early- stage occurrences • Each property selected for geologi

  5. Slide 5: New Lithium Projects in Emerging District

    Northwest | Ontario New Lithium Projects in Emerging District SIZE PROJECTS 26,000 ha in Allison South emerging lithium Sharp district Root South ONTARIO Adamhay AQUISTIONS Dagny Acquired Pinto Dec 2022 • Multiple mapped pegmatites on properties with high perspectivity for lithium exploration • All

  6. Slide 6: Taycan Property

    James Bay | Quebec Taycan Property TOP PRIORITY PROJECT SIZE ACQUIRED 3,600 ha Acquired property Dec 2022 QUEBEC • Adjacent to Patriot Battery Metals in the prolific Corvette Lithium Camp in James Bay, QC • Located within the 50 km “CV Lithium Trend,” identified by Patriot Battery Metals • Includes

  7. Slide 7: Bugatti Property

    James Bay | Quebec Bugatti Property TOP PRIORITY PROJECT SIZE ACQUIRED 7,400 ha Acquired property Feb 2023 QUEBEC • Situated on a highly prospective LCT pegmatite area, spanning from Corvette Lake to Winsome Resources Adina Lithium project, where recent drill results intersected 1.34% Li2O over 107.

  8. Slide 8: Cyr-Kapiwak Property

    James Bay | Quebec Cyr-Kapiwak Property TOP PRIORITY PROJECT SIZE ACQUIRED MRE: 40.3 Mt at 1.4% Li2O 2,220 ha Acquired property Dec 2021 QUEBEC • Adjacent to the James Bay Lithium deposit with a mineral resource of 40.3 Mt at 1.4% Li2O • Multple pegmatite boulders identified on property grading up t

  9. Slide 9: Root South Property

    Northwest | Ontario Root South Property TOP PRIORITY PROJECT SIZE ACQUIRED ONTARIO 3,570 ha property Acquired in Red Lake Mining Dec 2022 District • Adjacent to Green Technology Metals Root project where 24,000 m of drilling is currently underway at the McCombe deposit with a mineral resource of 2 M

  10. Slide 10: Lithium One's Highest Priority Projects

    Northwest | Ontario Lithium One’s Highest Priority Projects Ideal location for lithium-bearing pegmatites • Immediately adjacent to recent discoveries • Multiple mapped pegmatites on properties • Within highly prospective trend delineated by elevated lithium in rock sampling • Close proximity to per

  11. Slide 11: Accelerated Work Schedule for 2023

    Current and Upcoming Catalysts Accelerated Work Schedule for 2023 Q1 Q2 Q3 Q4 PHASE 1 Ontario Quebec PHASE 2 Lithium Properties Lithium Properties Remote sensing Prospecting and mapping Prospecting and mapping Drill program Data compilation Outcrop stripping Outcrop stripping Evaluate additional pro

  12. Slide 12: Hard Rock Lithium Exploration

    Multi-Project Exploration Strategy is Ideal for Canada’s Emerging Lithium Districts Hard Rock Lithium Exploration • Lithium occurrence in pegmatites • Typically associated with topographic highs • Can be located through remote sensing data “Lithium One has a talented in- • Easily recognizable in the

  13. Slide 13: Management Team

    P. JOSEPH MEAGHER, CPA, CA Chief Financial Officer NAV DHALIWAL Joseph has extensive experience working with publicly listed President & CEO natural resource companies. He holds a Bachelor of Commerce Mr. Dhaliwal is a high-profile mining executive, financier, and from the University of British Colu

  14. Slide 14: Share Capital and Property Acquisitions

    Share Capital Property Acquisitions LONE: TSX.V ONTARIO | LITHIUM QUEBEC | LITHIUM As of February 24, 2023 Root South Lithium Property Taycan Lithium Project 175 claims covering 3,570 ha 70 claims covering 3,600 ha Parks Lithium Property Ferrari Lithium Project 472 claims over 9,939 ha 105 claims co

  15. Slide 15: Canada's Critical Minerals Strategy

    Canada’s Critical A generational opportunity for Canada’s workers, economy and net-zero future Minerals Strategy GOVERNMENT OF CANADA, DECEMBER 2022 $ 3.8B Federal Government 30% Critical Mineral $ 3.1M Ontario Provincial $ 4M Quebec Provincial investing Exploration Tax Credit Government Government

  16. Slide 16: Appendix

    APPENDIX LONE: TSX.V | www.lithiumonemetals.com

  17. Slide 17: Sirmac East Property

    James Bay | Quebec Sirmac East Property TOP PRIORITY PROJECT SIZE ACQUIRED 656 ha Acquired property Dec 2022 QUEBEC • Adjacent to the Vision Lithium’s Sirmac deposit MRE: 12.0 Mt @ 1.4% Li2O (recent results up to 1.7% Li2O over 22.4 m) and Winsome Resources Sirmac-Clapier project • Elevated lithium

  18. Slide 18: Ferrari Lithium Project

    James Bay | Quebec Ferrari Lithium Project SIZE ACQUIRED 5,200 ha Acquired property Feb 2023 QUEBEC • 35 km north of Patriot Battery Metals’ Corvette APPENDIX project – recent drill results up to 3.34% Li2O over 52.5m • On trend with new pegmatites recently identified at Jarnet Lithium property • In

  19. Slide 19: Parks Lithium Project

    Northwest | Ontario Parks Lithium Project SIZE ACQUIRED ONTARIO 9,940 ha property in Acquired the Thunder Bay Dec 2022 Mining District APPENDIX • 8 km east of Rock Tech Lithium’s Georgia Lake Lithium Project with a mineral resource of 10.6 Mt at 0.88% Li20 Parks Lithium Project • Located in the Barb

  20. Slide 20: Sharp Lithium Property

    Northwest | Ontario Sharp Lithium Property SIZE ACQUIRED ONTARIO 3,225 ha property Acquired in Red Lake Mining Dec 2022 District APPENDIX • Adjacent to Wesley and Hearth Lithium projects owned by Tearlach Resources – acquired in 2022 and waiting on results from recent comprehensive grassroots progra

  21. Slide 21: Allison South Lithium Property

    Northwest | Ontario Allison South Lithium Property SIZE ACQUIRED ONTARIO 1,180 ha property Acquired in Red Lake Mining Dec 2022 District APPENDIX • Adjacent to Allison Lithium Project owned by Green Technology Metals • Within a highly prospective trend delineated by elevated lithium and presence of

  22. Slide 22: Contact

    LONE: TSX.V lithiumonemetals.com [email protected] 1680 – 200 Burrard St Vancouver, BC V6C 3L6

Lithium One Metals — Investor Presentation (May 2023) on 6ix