United Lithium Corp Discovers Two New Lithium Rich Pegmatites at Bergby Project, Sweden, in ongoing Drill Program

New high grade spodumene bearing pegmatites intersected

Rush assays on hole BBY21069 from one new pegmatite returned 47.75 m (true thickness 10m) of 1.34 % Li2O

42 holes have now been completed totalling 3730m since United Lithium acquired the Bergby Lithium Project

Drilling continues; assays pending or incomplete on most holes 

Vancouver, British Columbia  – United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (“ULTH” or the “Company”) is pleased to announce completion of 42 core drill holes at the Bergby Lithium project near Gävle in central Sweden. A new spodumene bearing pegmatites was discovered in December 2021, with assays available from the discovery hole BBY21069.  Drilling continues on this new discovery.

Discovery hole BBY21069 intersected 47.75m of 1.34% Li2O from 2.25 m beneath shallow soil cover.  It is interpreted based on nearby holes (BBY21071 and BBY21073 – see Figure 1) that drillhole BBY21069 intersected the host pegmatite at a low angle to dip and true thickness is approximately 10 metres. See Table 1 for the individual assay intervals for drill hole BBY21069.

This new discovery lies 750 metres northwest of the original Bergby lithium discovery drilled in 2017 (see Figures 2 and 3). The site was identified from boulderhunting and sampling and highlights the potential at Bergy for new near surface discoveries.  The Bergy field has the characteristics of a pegmatite swarm with multiple intrusions, and ULTH’s technical team anticipates further pegmatites will be located.

Hole BBY21170, drilled 50m south of BBY21069, is planned to be deepened to test if the spodumene rich horizon is continuous to the southwest. Additional holes are planned to test the northeast and southwest extensions of this spodumene pegmatite (see Figure 2). Should positive visual results be received in the first step out holes, additional drilling will be added to test further northeast and southwest of BBY21069.

Michael Dehn, President and CEO of the Company stated: “We are excited to have achieved two new blind high grade lithium discoveries on the property in less than half a year of drilling. The boulder sampling program has been very successful at vectoring drill targeting for this new zone. The Bergby project remains very unexplored, and we look forward to further testing of this discovery and additional targets in 2022.”

Table 1: Drill Hole BBY21069 rush assay results

Drill hole number from (m) to (m) length (m) Li2O (%)
BBY21069 2.25 3.75 1.50 0.555
BBY21069 3.75 5.25 1.50 0.852
BBY21069 5.25 6.75 1.50 1.363
BBY21069 6.75 8.25 1.50 1.253
BBY21069 8.25 9.75 1.50 1.240
BBY21069 9.75 10.95 1.20 1.240
BBY21069 10.95 12.53 1.58 0.863
BBY21069 12.53 14.01 1.48 0.697
BBY21069 14.01 15.51 1.50 0.943
BBY21069 15.51 17.01 1.50 1.580
BBY21069 17.01 18.50 1.49 1.563
BBY21069 18.50 19.97 1.47 0.917
BBY21069 19.97 21.50 1.53 1.787
BBY21069 21.50 23.05 1.55 0.624
BBY21069 23.05 24.55 1.50 2.476
BBY21069 24.55 26.05 1.50 0.355
BBY21069 26.05 27.55 1.50 1.412
BBY21069 27.55 29.12 1.57 1.793
BBY21069 29.12 30.58 1.46 1.137
BBY21069 30.58 32.05 1.47 3.003
BBY21069 32.05 33.55 1.50 3.703
BBY21069 33.55 35.02 1.47 1.462
BBY21069 35.02 36.46 1.44 0.090
BBY21069 36.46 38.02 1.56 0.086
BBY21069 38.02 39.50 1.48 0.777
BBY21069 39.50 41.02 1.52 0.721
BBY21069 41.02 42.50 1.48 1.132
BBY21069 42.50 43.98 1.48 1.455
BBY21069 43.98 45.50 1.52 2.400
BBY21069 45.50 47.07 1.57 1.987
BBY21069 47.07 48.50 1.43 1.948
BBY21069 48.50 50.00 1.50 1.494

Figure 1 Vertical Cross Section – new pegmatite discovery with rush assay intersections on hole BBY21069 and adjacent holes showing assayed intersection and spodumene enriched pegmatite.
Figure 2 Drill Plan of holes around discovery hole BBY21069

Figure 3 Drill holes, pegmatites and spodumene rich boulder trains at the Bergby Project, Sweden

Samples submitted by United Lithium Corp. were prepared and analyzed by the ME-MS89L technique by ALS Ltd’s laboratories in either Pitea, Sweden, Loughrea, Ireland and/or Vancouver, Canada, where duplicates, repeats, blanks and known standards were inserted according to standard industry practice.

Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the scientific and technical information in this press release.

On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer

Investor Relations
(604) 259-0889
ir@unitedlithium.com

Forward-Looking Statements Caution. This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future of the Company’s business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

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