Black Spruce Exploration Inc. · TSXV:BARK

Black Spruce Exploration — Lithium One Metals — Investor Presentation (March 2024)

17 slides from Black Spruce Exploration's investor presentation, March 2024

  1. Slide 1: Strategic Consolidation Completed in Canada's Prime Lithium District

    March 2024 INVESTOR PRESENTATION Strategic Consolidation Completed in Canada’s Prime Lithium District 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 Metals Inc. (“Lithium One”) or Norris Lithium Inc. (“Norris Lithium

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

    Strategic Transaction Exploring in Canada’s Prime Lithium Districts QUEBEC Strategic portfolio of 13 lithium properties (49,800 ha) adjacent or proximal to existing Taycan + Bugatti discoveries and deposits formed through the + Ferrari O N TAR I O combination of Lithium One and Norris Lithium Cyr-Ka

  4. Slide 4: James Bay Lithium Projects

    Quebec James Bay Lithium Projects SIZE PROJECTS Taycan Highway-Ferrari QUEBEC 23,600 ha Bugatti QUEBEC Bus 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

  5. Slide 5: Ferrari/Highway + Bugatti + Bus

    James Bay | Quebec Ferrari/Highway + Bugatti + Bus TOP PRIORITY PROJECTS SIZE ACQUIRED 17,000 ha Acquired in 4 Properties Feb 2023 QUEBEC • Ferrari & Highway Properties located 30 km north of PMET’s Corvette property: • Initial field reconnaissance has identified a pegmatite outcrop with 500m strike

  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: Work Program 2023

    James Bay | Quebec Work Program 2023

  8. Slide 8: Highway-Ferrari Property

    James Bay | Quebec Highway- Ferrari Property 2023 Sample Results • Abundant pegmatite mapped on property • Elevated trend of LCT enrichment markers (Li, Cs, Rb, Ta) over more than 20 km on previously unexplored ground

  9. Slide 9: Highway-Ferrari Property 2024 Drill Target Area

    James Bay | Quebec Highway- Ferrari Property 2024 Drill Target Area 2023 Sample Results • Abundant pegmatite mapped on property • Elevated trend of LCT enrichment markers (Li, Cs, Rb, Ta) over more than 20 km on previously unexplored ground. 2024 Drill Program • Drill target area identified for prog

  10. Slide 10: Bus Property

    James Bay | Quebec Bus Property 2023 Sample Results • Abundant pegmatite mapped on property • Elevated trend of LCT enrichment markers (Li, Cs, Rb, Ta) over 3 km on previously unexplored ground

  11. Slide 11: Bus Property 2024 Drill Target Area

    James Bay | Quebec Bus Property 2023 Sample Results • Abundant pegmatite mapped on property • Elevated trend of LCT enrichment markers (Li, Cs, Rb, Ta) over 3 km on 2024 previously unexplored Drill Target Area ground 2024 Drill Program • Drill target area identified for program to begin in Q2 2024

  12. Slide 12: 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 • Located in the Barbara Lake pegmatite fie

  13. Slide 13: Root Lake Trend

    Northwest | Ontario Root Lake Trend • Root South adjacent to Green Technology Metals Root project with a total mineral resource of 12.6 Mt at 1.21% Li2O • Recent drilling at Root Bay prospect located 1 km from Root South intersected 1.73% Li2O over 17.8m • Allison South located within highly prospec

  14. Slide 14: Timeline & Catalysts

    Current and Upcoming Catalysts Timeline & Catalysts Q3 Q4 Q1 Q2 Ontario & Quebec PHASE 2 Lithium Exploration Channel sampling at LCT Drill Permitting Drill Program at James Bay Outcrop stripping pegmatite targets Lithium Projects Evaluate targets for drill testing Norris Lithium Acquisition COMPLETE

  15. Slide 15: Board & Management

    NAV DHALIWAL CHRISTOPHER COOPER Executive Chairman & Director Director Mr. Dhaliwal is a high-profile mining executive, financier, and capital markets expert with a long Mr. Christopher Cooper has over 20 years of extensive business experience in all facets of running track record of value creation.

  16. Slide 16: Share Capital

    Share Capital LONE: TSX.V As of February 22, 2024 Share Price C​$0.05 Taycan Boulder with Spodumene at Cyr Shares Outstanding 80.8 M Options 4.0 M Warrants 6.7 M Fully Diluted 91.5 M Mkt Cap. (Basic) C$4.0 M Outcrop at Highway Post Forest Fire at Highway LONE: TSX.V | www.lithiumonemetals.com

  17. Slide 17: TSX.V: LONE lithiumonemetals.com

    [email protected] TSX.V: LONE lithiumonemetals.com

Lithium One Metals — Investor Presentation (March 2024) on 6ix