Newpath Resources Inc. announced that it has staked additional ground, expanding the size of its Alpha/Bravo Claim Group, the largest of three claim groups that comprise the Company's Orefield Project. The new claims were acquired on behalf of and are 100% owned by Newpath. The Orefield Project includes the Alpha/Bravo, Charlie and Delta claim groups and is comprised of 3,140 claim units covering an area 66,597 Ha (approximately 666 square kilometres).

A total of 562 new claim units (11,946 Ha or approximately 120 sq. km.) were registered between March 21 and March 23, 2023. All new claims are contiguous to the Company's Alpha/Bravo Claim Group.

With the addition of the new claims, the Alpha/Bravo Claim Group (the Project) covers a contiguous area of approximately 631 square kilometres. The Project is easily accessed by the Trans-Canada Highway, secondary highways and a network of logging roads. It is favourably located, approximately 50 km northeast of Thunder Bay, Ontario, which has become a hub for Northwestern Ontario's Critical Mineral Exploration and Mining industry.

The Project covers a geological and structural setting favorable for hosting fertile peraluminous granites and associated LCT (Lithium, Cesium, Tantalum) pegmatites within the Quetico Subprovince of the Archean Superior Province. The Project is situated on the western side of the Nipigon Rift Basin and Proterozoic Sibley Group sedimentary rocks that overlie a rifted, down-dropped segment of the Quetico Subprovince. Midcontinent Rift-related intrusive rocks that host many of the advanced PGM projects in the immediate area, also overlie portions of the Project.

The Quetico Subprovince has been the focus of much of the Critical Mineral exploration activity in Ontario and is host to many early-stage and a number of advanced Lithium projects on the eastern side of the Nipigon Rift Basin including Rock Tech Lithium's Georgia Lake Project, (indicated & inferred mineral resource of 14.8MT of Li2O1) and Imagine Lithium's Jackpot Deposit, which has a historical resource of 2 MT of Li2O2. The Project is located approximately 65 km west of the Georgia Lake Project and 55 km west of the historic Jackpot Deposit. The Company has highlighted these advanced projects to demonstrate the potential of the Quetico Subprovince of Li bearing pegmatites and cautions readers that the Alpha/Bravo Project is an early stage, green fields exploration project and that the mineralization on nearby or adjacent properties does not necessarily indicate that any mineral resources may be discovered on the Project, or if discovered, that such resources would be economically recoverable.

In addition to the favorable geological and structural setting, the Company's original acquisition of the Alpha/Bravo Claim Group and subsequent staking was based on the presence of highly anomalous Lithium, Cesium and REE (Rare Earth Elements) from a regional compilation of Lake Sediment surveys completed by the Ontario Geological Survey. The mineral potential of this area has also been well documented by the excellent work completed in the area by the OGS including Breaks, Selway and Tindle, 20033, detailed mapping by Metsaranta and Walker, 2019 and Metsaranta, 2022. Metsaranta and Walker's work identified a potential fertile parent granite, the Voutilainen Intrusion and better defined the contacts of the peraluminous Hilma Lake Granite5.

The Alpha/Bravo Claim Group, including the new staking, covers peraluminous granites including portions of the Hilma Lake Granite, eastern extension of the Voutilainen Intrusion and adjacent metasedimentary rocks. Key observations by Riku Metsaranta presented during The Ontario Geological Survey Showcase presentations in October of 2022 included; Preliminary new lithogeochemistry indicates the presence of Beryllium (locally >360ppm), Niobium (up to 100ppm), Tantalum (up to 173ppm), enriched pegmatites and aplites along both the northern and southern margins of the Voutilainen Intrusion discontinuously over at least 20km. Abundant pegmatite dikes, sills and pods near the contact between Voutilainen intrusion and Hilma Lake granite should be prospected to determine if Li bearing pegmatite types locally occur.

The Company is currently compiling all available historic data for the Project and formulating an initial exploration program for the summer of 2023.