Mr. Cameron Tymstra reports

TARGA IDENTIFIES LITHIUM ANOMALY FROM OPINACA TILL SAMPLING

Targa Exploration Corp. has received results of its extensive till sampling program on the company's Opinaca project in Quebec.

Highlights:

• Results of 996 till samples received from Opinaca lithium project;
• 2,000-metre-by-1,000-metre lithium-cesium-tantalum till anomaly identified;
• Lithium-cesium-tantalum anomaly appears open ended in the up-ice direction.

"Our team is very excited by the results of the first-phase field program at Opinaca," commented Cameron Tymstra, chief executive officer of Targa. "The program has revealed a lithium-cesium-tantalum target at the eastern extent of the sample grid that is two kilometres in length and up to one kilometre wide. This particular area has never been explored and only very limited geological mapping has been completed in this part of the Opinaca subprovince, so we are looking forward to further exploring the potential of the area. The anomaly is open in the up-ice direction, and we are making plans to extend the grid to the northeast as well as conducting infill sampling in 2024. The geochemical anomaly coincides with the project area where favourable geology, including white pegmatites with muscovite, garnet and apatite, were identified by field crews in 2023."

Opinaca till results

The till sampling program at Opinaca, executed by Kenorland Minerals on behalf of Targa in September, 2023, consisted of a total of 994 deep till samples covering an area approximately 35 kilometres by six kilometres. Sample lines were set at one kilometre apart, with samples taken at 150-metre intervals. Samples were sent to the Bureau Veritas lab in Timmins, Ont., to undergo multielement analysis.

Results from the program have identified an anomaly with overlapping elevated values of lithium, cesium and tantalum that is two kilometres long in the direction of historic ice movement by one kilometre wide. The primary lithium anomaly is situated at the eastern extent of the sample grid and appears open in the up-ice direction.

This anomaly occurs in the region that was identified during a brief stop by field crews as having favourable geological features such as multiple peraluminous pegmatites containing garnet, muscovite and apatite. Lithium values in the till samples reached a high of 59 parts per million with cesium values up to 13.9 parts per million. Also in the same area are several lake sediment samples from the provincial database with anomalous lithium and cesium values.

In addition to expanding the till grid, Targa is planning an intensive outcrop identification and field mapping program for early summer 2024 to search for an up-ice source of the till sample anomalies and potential lithium-enriched pegmatites.

About the Opinaca project

Opinaca is located in the James Bay region of Quebec, approximately 40 kilometres south of Patriot Battery Metals' Corvette lithium discovery and 45 kilometres south of the all-season Trans-Taiga Road. The Opinaca project covers 43,595 contiguous hectares of the Opinaca geological subprovince, dominantly a metasedimentary region with Archean-aged igneous intrusions, including the Vieux Comptoir suite of granites.

Sample procedure and quality assurance/quality control

Till samples were sieved to 230 mesh and sent to Bureau Veritas's lab in Timmins, Ont. Each sample underwent multielement analysis by four-acid digestion and analysis packages ICP-AES for major elements and ICP-MS for trace elements. Gold analysis was done by aqua regia followed by ICP-MS. As part of Targa and Kenorland's quality assurance/quality control procedures, standard and blank samples were inserted every 20 samples. Duplicate samples were also analyzed every 20 samples. Internal lab blanks and standards were also used by Bureau Veritas.

Qualified person

The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Adrian Lupascu, MSc, PGeo, exploration manager of Targa Exploration, who is a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Targa Exploration Corp.

Targa Exploration is a Canadian lithium exploration company engaged in the acquisition, exploration and development of lithium mineral properties with headquarters in Vancouver, B.C. Targa's lithium project portfolio consists of 15 projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan and covers over 400,000 hectares of prospective ground, most of which has never been explored previously for lithium.

We seek Safe Harbor.