Lithium Ionic Reports Exceptional Drill Results from Bandeira of 1.25% Li2O over 50m, 1.46% Li2O over 40m, 1.86% Li2O over 24m and 2.13% Li2O Over 20m; Minas Gerais, Brazil; Not included in latest MRE

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[{"type":"text","content":" TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to report new assay results for 23 drill holes from its Feasibility-stage Bandeira Lithium Project (“Bandeira” or the “Project”), situated in northern Minas Gerais State, Brazil, in a world-class hard rock lithium district known as the “Lithium Valley”, where two lithium producers currently operate. Highlights from the latest high-grade results from Bandeira, include: Intercept highlights: 1.25% Li2O over 49.8m, incl. 1.46% Li2O over 27m; intersected from ~55m downhole (hole ITDD-23-213) 1.46% Li2O over 40m, incl. 2.02% Li2O over 6m, 1.83% Li2O over 7m and 3.38% Li2O over 5m; intersected from ~147m downhole (hole ITDD-24-259) 1.86% Li2O over 24.1m; intersected from ~180m downhole (hole ITDD-24-256) 2.13% Li2O over 20.4m, incl. 2.62% Li2O over 10.4m and 3.78% Li2O over 3.3m; intersected from ~175m downhole (hole ITDD-24-260) 2.03% Li2O over 18.6m; intersected from ~189m downhole (hole ITDD-24-257) 1.93% Li2O over 11.5m and 1.31% Li2O over 12.5m, incl. 2.04% Li2O over 6m (hole ITDD-24-262) Bandeira currently hosts a mineral resource estimate (“MRE”) of 41.93Mt, or 70% of the Company’s total global mineral resources of 60.1Mt*    High-grade results from the seven holes, ITDD-24-256 to ITDD-24-262, were not included in the mineral resource estimate announced on April 12, 2024 *See press release dated April 12, 2024, for details related to the Bandeira MRE (effective date of Jan. 10, 2024; QP: Carlos Silva of GE21); See press release dated April 4, 2024 for details related to the Salinas MRE (effective date of January 4, 2024; QP: Leonardo Soares, P.Geo., M.Sc., of GE21); and the NI 43-101 compliant technical reports related to the Outro Lado deposit titled “Mineral Resource Estimate for Lithium Ionic, Itinga Project” (effective date of June 24, 2023; authored by Maxime Dupéré, B. Sc., P.Geo. and Faisal Sayeed, B. Sc., P.Geo). Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, “We continue to unlock further value at Bandeira with these latest high-grade results, some of which were not included in our latest MRE that expanded the total tonnes of the deposit over 42% from 29.5Mt to 41.9Mt. As we approach the completion of our Feasibility Study for Bandeira, these results highl...

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