Consolidated Lithium Metals Signs Term Sheet with Linear Minerals to Acquire the Augustus Lithium Project and Additional Lithium Claims in the Abitibi and James Bay Regions of Québec

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Surface exploration programs have identified a high-grade spodumene-bearing pegmatite zone at the Beluga prospect, which warrants additional follow-up work (PR 04/27/2021).

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Preliminary metallurgical test work has been completed on representative samples from the Project. Using a dense media separation (DMS) and flotation process, testing produced a spodumene concentrate grading approximately 6.08% Li₂O at an overall lithium recovery of approximately 85%, based on test conditions and sample material evaluated (PR 12/14/2025).

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The Project benefits from access to existing infrastructure, including a network of provincial highways and secondary roads, nearby rail facilities, access to hydroelectric power, and availability of a skilled workforce based in the Val-d’Or region.

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Linear Minerals Corp | Abitibi Region | 358 Claims

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Linear Minerals Corp | Abitibi Region | Define Pegmatite Dykes Adjacent to Active Open-Pit Mine

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Linear Minerals Corp | James Bay Region | 91 Claims

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The Proposed Transaction is an arm’s length transaction for the purposes of the policies of the TSXV and remains subject to certain closing conditions including, without limitation, (a) completion to the satisfaction of CLM of its due diligence, (b) execution of the Definitive Agreement between the parties, (c) the receipt by CLM and LM of all necessary corporate and regulatory approvals and consents, including the approval of the TSXV (in respect of CLM) and the Canadian Securities Exchange (“CSE”) (in respect of LM), (d) each party’s representations and warranties in the Definitive Agreement being true and correct in all material respects as of the closing date, and (e) each party satisfying its covenants and obligations as contained in the Definitive Agreement. There can be no guarantees that the Proposed Transaction will be completed as contemplated or at all. The Proposed Transaction is anticipated to close within 45 days following the execution of the Definitive Agreement.

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Qualified Person

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The scientific and technical information contained herein has been reviewed and approved by Mr. Jean Lafleur, P. Geo./ géo. (OGQ, #833), Technical Advisor to the Company, who is a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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About Linear Minerals Corp.

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Linear Minerals Corp. is dedicated to the discovery, exploration, and development of critical metals, including lithium, uranium, copper, and other essential resources in Canada. The company’s prime land holdings are strategically positioned in Québec to support the growing demand.

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About Consolidated Lithium Metals Inc.

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Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company trading under the symbol “CLM” on the TSXV, “Z36” on the Frankfurt Stock Exchange and “JORFF” on the OTCQB® Venture Market. The Company is focused on the exploration and development of critical mineral projects in stable jurisdictions. The Company is committed to supporting the energy transition through the responsible development of critical mineral supply chains.

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For more information:

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Richard Quesnel, President & CEO
Email | [email protected]
Phone: +1 (514) 249-6320
Website: www.consolidatedlithium.com

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Cautionary Statements

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This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to: the Proposed Transaction, including finalizing the business terms of the Definitive Agreement, and closing the Proposed Transaction, as well as the anticipated timing of each, and other matters related thereto; the Company’s plans, expectations, and beliefs respecting the Project, including planned exploration programs, studies, and expenditures, potential development timelines, and the strategic importance of the Project; the proposed acquisition of the Kwyjibo Rare Earth Project, including anticipated timing to complete the PEA, as well as CLM’s initiatives to address community concerns; and future demand for rare earth elements, lithium and other critical metals.