Mr. Stephen Stares reports

VINLAND LITHIUM INC. RETAINS 100% CONTROL IN THE KILLICK LITHIUM PROJECT

Elevra Lithium Ltd. has terminated its option agreement, allowing Vinland Lithium Inc. to retain a 100-per-cent control position in the Killick lithium project, subject only to a 2-per-cent NSR (net smelter return) (1 per cent each to Benton Resources and Pirate Gold). Elevra (successor to original Killick project partner Piedmont Lithium Inc.) has indicated that the project does not align with its current corporate strategy, reflecting a focus on capital allocation toward its portfolio of production and later-stage development assets. Elevra continues to own 19.9 per cent of Vinland reflecting Piedmont's previous investment. Vinland's Killick project is Newfoundland's only known lithium-spodumene and pollucite-cesium pegmatite dikes and covers approximately 60 kilometres of favourable host geology.

2025 exploration program highlights

Vinland's summer exploration field program included prospecting, till sampling and ground geophysics, generating several new lithium and cesium targets:

• Prospecting identified lithium-rich float up to 1.70 per cent Li2O at Kraken West and 485 ppm (parts per million) Li (lithium) in a previously unsampled area 1.2 kilometres north of the Killick dike.
• Till sampling across multiple zones returned elevated spodumene grain counts, outlining new target areas.
• Ground geophysics (58.9-kilometre magnetics; 31.4 km VLF-EM) at Kraken-Killick demonstrated significantly improved resolution over prior airborne surveys, supporting expanded future work.
• Vinland continues its partnership with the Critical Minerals Research Initiative, which is investing $1.3-million over four years in pegmatite research.

Vinland is also pleased to report that it has continued with the partnership with the Critical Minerals Research Initiative between St. Francis Xavier University, Memorial University and the Newfoundland Geological Survey in researching the lithium pegmatites in southwestern Newfoundland where a total of $1.3-million over four years is being directed toward detailed research on the property.

About Killick lithium project

The Killick lithium project was first discovered in late summer 2021 by Benton Resources Inc. and Sokoman Minerals Corp. personnel. The maiden drill program in 2022 resulted in the discovery of the Kraken dike which returned 8.4 metres of 0.95 per cent Li2O in hole GH-22-01. Further work in 2022 to 2023 resulted in the discovery of several additional spodumene-bearing dikes including the Killick dike/East dike system where drilling has returned 1.04 per cent Li2O over 15.23 metres in hole GH-22-27 and 1.06 per cent Li2O over 16.7 metres, including 1.22 per cent Li2O over 13.37 metres in hole GH-23-46.

Several spodumene-bearing dikes remain untested by diamond drilling. Large-scale regional geochemical surveys have outlined multiple lithium and tantalum in soil anomalies, some of which are several kilometres in length. During the 2024 summer field season, the joint venture between Benton, Sokoman and Piedmont completed an airborne geophysical magnetics and electromagnetics survey as well as field geochemical surveys on the project. Field geochemical and geological surveys consisted of prospecting, geological mapping, soil sampling and basal till sampling were also completed. Highlights of the exploration program are presented below:

• A 4,854.3-kilometre airborne magnetics and VLF-EM (very low frequency electro magnetics) was flown in April and May of 2024. The survey area covered parts of the property not flown in the 2021 program. The two data sets are now merged and provide complete coverage of the entire project. Interpretation of the data has identified several anomalous areas for future exploration follow-up.
• Prospecting has resulted in the identification of multiple spodumene-bearing pegmatite float samples in the Kraken South area of the project. Float samples range from angular to subrounded and have returned assays to 1.97 per cent Li2O, with 11 samples assaying greater than 1.0 per cent Li2O. Initial basal till sampling in the area has confirmed spodumene grains in several samples. The Kraken South area is deemed high priority for follow-up evaluation.
• Prospecting and soil sampling continue to expand anomalous areas of LCT pegmatite dike occurrences. Areas such as Grandy's West and Top Pond Ridge are multikilometre anomalies containing elevated lithium and tantalum in soils and rock samples. All areas that have anomalous Li and Ta in soil contain pegmatite dykes in bedrock that further indicate high potential for the discovery of LCT pegmatite dikes in the area. Anomalous tantalum is believed to indicate local highly fractionated geochemical sources adding to the high prospectivity of these areas.
• Vinland is also advancing its Hydra cesium discovery where initial channel sample results returned 8.75 per cent Cs2O, 0.41 per cent Li2O, 0.025 per cent Ta2O5 and 0.33 per cent Rb2O over 1.2 metres including 13.57 per cent Cs20 and 0.32 per cent Li2O over 0.4 m. Six short diamond drill holes tested the discovery area with results including 13.55 m of 0.146 per cent Cs2O and 0.158 per cent Li2O including 0.50 m of 0.80 per cent Cs2O and 0.152 per cent Li2O in hole HY-23-01. Prospecing and limited trenching has indicated that the Hydra dike has a strike length of over 200 metres to the north of the original discovery site, and the dike is open under till cover to the south.

QA/QC (quality assurance/quality control) protocols

Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, Nfld., for preparation and then sent to the SGS Canada analytical laboratory in Burnaby, B.C., for analysis. All samples were acquired by hand (rocks) or saw-cut (channels/drill core) and delivered, by Vinland personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS's GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Vinland personnel utilizing a standard Dutch-auger, collecting B Horizon soil, where possible. Where B was not present, the soil horizon or type was noted. Soil samples were sent to Eastern Analytical Ltd., in Springdale, Nfld., for Li, Ta, Sn and Nb analyses by four-acid digestion, analyzed by ICP-OES. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February, 2014 (for more details on the scope of accreditation visit the CALA website). Till samples were collected by Vinland personnel utilizing conventional shovel dug holes and screened to negative 10 millimetres in the field. Samples were shipped to Overburden Drilling Management (ODM) in Nepean, Ont., for analysis using its standard lithium indicator mineral package.

QP (qualified person)

Barry Sparkes, PGeo, vice-president of exploration for Vinland Lithium, the qualified person under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.

About Vinland Lithium Inc.

Vinland Lithium is a mineral exploration company listed on the TSX Venture Exchange under the symbol VLD. Vinalnd holds 100-per-cent interest in the Killick lithium project in southwestern Newfoundland and is seeking additional opportunities in the lithium-cesium-tantalum space.

Vinland is focused on advancing the recently discovered Killick lithium project which covers 60 kilometres of highly prospective geological terrane in proximity to the Baie d'Est Fault. The project boasts multiple spodumene pegmatites within the Kraken pegmatite field and high-grade cesium-tantalum-lithium hosted in the Hydra pegmatite. Further potential for discovery is excellent given the extensive number of untested geochemical and geophysical targets present.

All initial drilling phases at the Killick lithium project to date have returned impressive results from multiple pegmatites including: 8.4 metres of 0.95 per cent Li2O in GH-22-01 at the Kraken dike, 16.2 m of 0.43 per cent Li2O in GH-22-05 at the Kraken North dike, 20.82 m of 0.60 per cent Li2O including 5.5 m of 1.16 per cent Li2O in GH-22-15, and 8.37 m of 0.91 per cent Li2O in GH-22-08 at the East dike and 15.23 m of 1.04 per cent Li2O in GH-22-27 and 13.37 m of 1.22 per cent Li2O in GH-22-45 at the Killick dike. At the Hydra cesium dike, initial channel sample results to 8.75 per cent Cs2O, 0.41 per cent Li2O, 0.025 per cent Ta2O5 and 0.33 per cent Rb2O over 1.2 metres including 13.57 per cent Cs20 and 0.32 per cent Li2O over 0.4 m.

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