Member Info for Chadster

Big man joey is here.

Welcome.

Part timers have left the building now, full timers are coming in.

Big jump coming after the suspension.

Buy and hold.

Great time to buy.

Just bought my first 3m shares.

VOLT LITHIUM CORP. ANNOUNCES SUCCESSFUL PILOT PROJECT,

CONFIRMING 90% LITHIUM RECOVERY, COMMERCIAL ECONOMICS

AND UNPRECEDENTED BREAKTHROUGH

• Pilot Project achieved 90% lithium recoveries at concentrations as low as 34 mg/L

• 97% recoveries achieved using 120 mg/L concentrations under simulated operating conditions

• Operating costs under CAD$4,000 per tonne at 120 mg/L expected to drive robust economics

• Novel breakthrough confirms commercial lithium extraction at low concentrations

• Pilot Project results set the stage for preparation of Preliminary Economic Assessment

Calgary, Alberta, Canada, May 24, 2023 – Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE:

I2D) (“Volt” or the “Company”) is very pleased to announce the results from a successful pilot

project to test its proprietary direct lithium extraction (“DLE”) technology in a simulated commercial

environment (the “Pilot Project”). The Pilot Project proved the Company’s ability to achieve

lithium recoveries of 90% based on concentrations of only 34 mg/L. The Company also simulated

operating conditions at concentrations of 120mg/L and achieved recoveries of up to 97% with

operating costs under CAD$4,000 per tonne, assuming sustained average annual production of

20,000 tonnes (tpa) of lithium hydroxide monohydrate (“LHM”). Further, in an unprecedented

result, the Pilot Project proved Volt’s DLE technology can maintain 90% lithium recoveries in

concentrations as low as 34 mg/L, and still maintain commercial economics, an achievement that

has yet to be reported by other lithium producers.

“Volt has achieved remarkable and ground-breaking results through the Pilot Project, and

achieved an impressive 97% recovery rate with 120 mg/L concentrations under simulated

operating conditions. I want to thank the entire R&D, operational and engineering teams for their

dedication and hard work in successfully executing this first phase,” commented Alex Wylie,

President and CEO of Volt. “These results confirm that Volt's proprietary technology is a true

game-changer. With this accomplishment, we are poised to lead the way in North America as the

first commercial producer of lithium from oilfield brines, which we are targeting for the second half

of next year.”

Volt is pleased to be participating in a webinar hosted by Energy Prospectus Group later this

morning, Wednesday, May 24 at 11AM ET (9AM MT / 8AM PT) to discuss the Company, the

significance of these results and what lies ahead for Volt and its stakeholders. All interested

parties are encouraged to join the live webinar by clicking HERE.

PILOT PROJECT PROVES COMMERCIALITY OF VOLT’S TECHNOLOGY

In March of 2023, Volt commenced its Pilot Project which was designed to simulate a commercial

operating environment and allow the Company to confirm economic recoveries of lithium at

concentrations of up to 120 mg/L, an equivalent concentration to that f

Fresh start for the company. Placing at 100% premium. I will be adding more here as I've made 15k already. Bargain at these prices buy buy buy and hold for gold. Easily double triple your money.

These prices ain't gonna be for long now.

Will gobble them up tomorrow

Just topped up 3m

1 or 2 sellers holding us back now.

Need good rns to move this.

Further to the above, Selva Maria Oil SA and Interoil Exploration & Production ASA have agreed to subscribe to approximately 115.38 million shares at a price of 0.065 pence per share (raising £75,000). This represents a more than 100% premium to the closing share price on 5 May, the last trading day prior to announcement. Such an issue of equity would take place following completion and is likely to be subject to a capital reorganisation (likely requiring shareholder approval) and meeting other regulatory obligations.

Proposed Transaction

Pursuant to the term sheet and subject to contract, Echo will sell 65% per cent of its current 70% Working interest in the Santa Cruz Sur assets to Selva Maria Oil SA and Interoil Exploration & Production ASA. On Completion the Company Echo therefore will retain a 5% working interest in the assets, will have an option to buy another 5% back and will have an indirect exposure through equity in the Operator.

Total consideration for the sale is up to £1.725M of which:

· Consideration of £825,000 with:

· An upfront payment of £75,000 on execution of transaction documents, with the balance of £750,000 due on completion once shareholder approval has been obtained.

· Payment in kind of £400,000 via transfer of Interoil shares upon completion, providing upside exposure to the Santa Cruz asset via an equity position in the Operator

· Additional contingent payment of £400,000 should production from the assets rise to 4,000 boepd (gross).

· Further contingent payment of £100,000 should production from the assets rise to 6,000 boepd (gross)

Furthermore the Buyers will provide a financial guarantee to cover Echo's remaining 5% interest which is a critical step to enabling the securing of the licence extension and was not something Echo could easily achieve on its own.

Echo will also retain an option to repurchase a 5% interest in the asset for a consideration of £100,000 over a 6 month period, providing optionality in the event licence extension or other value catalysts are achieved

Additionally the transaction will provide the Company with the option to acquire an interest in Interoil's Colombian assets (for a consideration and on terms to be agreed in future) after drilling and testing of an exploration well on the Maná Licence. The Company can recover twice the cost of that well from associated production.

Further to the above, Selva Maria Oil SA and Interoil Exploration & Production ASA have agreed to subscribe to approximately 115.38 million shares at a price of 0.065 pence per share (raising £75,000). This represents a more than 100% premium to the closing share price on 5 May, the last trading day prior to announcement. Such an issue of equity would take place following completion and is likely to be subject to a capital reorganisation (likely requiring shareholder approval) and meeting other regulatory obligations.

Expected to go .10 next couple days with or without lo.

We still have the Colombian joint venture to be announced.

Looking forward to updates . Rns could land today after the voting resolution rns.

Going up nice and slowly.

Votes have been counted and passed, Rns later on today, expecting a massive rise in the afternoon.

Go Echo go.

Booooooom.

Great time to buy and hold.

.50 coming

I think Echo should look into Bolivian lithium aswell, they have the largest lithium in the world.

Our oil fields are not far from there. Wouldn't be surprised if after the sale we make a deal with lithium companies.

Fresh start for the company.

Money to be made here.