First Lithium Announces New Gold Discovery up to 2.34 g/t and Additional Claims Staking at Lidstone Project

About this update from First Lithium Limited

Toronto, Ontario--(Newsfile Corp. - February 3, 2026) - First Lithium Minerals Corp. (CSE: FLM) (OTC Pink: FLMCF) (FSE: X28) ("First Lithium Minerals" or the "Company") is pleased to announce the results of the 2025 field exploration program conducted at the Lidstone project ("Lidstone", "Project", or "Property"). The 2025 program was a continuation of the 2024 exploration program following the discovery of a gold anomaly at the Lidstone project, located 270 km north of the City of Thunder Bay, Ontario. In the 2024 field exploration on the project showed potential for gold mineralization with a sample from a quartz vein returning 0.272 g/t Au (Ref: Toronto, March 3, 2025 "First Lithium Minerals Discovers Gold Anomaly at its Lidstone Prospect in Ontario"). The surrounding geology was further investigated for potential economic gold mineralization on the Lidstone property in the fall of 2025. The 2025 exploration program was conducted by Bayside Geoscience of Thunder Bay, Ontario. The sampling campaign was conducted over ten days in November 2025. A total of 229 samples were collected, representing 102 quartz veins, 112 metavolcanic-metasedimentary rocks, 7 granitic rocks, and 8 mafic-ultramafic intrusive rocks. Extensive sampling was carried out along the margins of an interpreted granite-greenstone belt contact which is strongly delineated in the regional magnetic survey. Out of 225 samples twelve samples assayed returned anomalous gold between 0.01-0.05 g/t Au and one sample (F570631) returned 2.34 g/t Au (Figure 1). The gold discovery sample F570631 was taken from an outcrop that was partially exposed and covered by moss and snow. The sample was observed to be comprised of 80% sugary quartz with mm-scale strongly rusted bands of very fine- to fine-grained pyrite at 1-2% (Figure 2). This sample and a cluster of samples that returned anomalous gold values are found in close proximity to the interpreted granite-greenstone contact and are hosted within metavolcanic and metasedimentary rocks (Figure 3). Figure 1. 2025 and 2024 grab sample locations overlain on Regional Total Field Magnetics map To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3968/282462_48025ebcd42d8a69_002full.jpg Figure 2. Sample F570631 which returned 2.34 g/t Au from...

View stock analysis, news, and events for First Lithium Limited