Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore" or the "Company") is pleased to announce it has entered into an assignment agreement dated May 30, 2024 (the "Assignment Agreement"), with Lithium One Metals Inc. ("LONE"), Bounty Gold Corp. ("Bounty"), and Last Resort Resources Ltd. ("Last Resort" together with Bounty, the "Optionors"), whereby LONE has agreed to assign and transfer to Xplore all of its rights, titles, benefits, and interest in, to, and under an option agreement dated December 20, 2022, between LONE and the Optionors (the "Option Agreement").

Pursuant to the Assignment Agreement, Xplore will expand its land position along the Root Lake lithium trend with its option to the Root South property (Figure 1) (the "Root South Property"), which is adjacent to Xplore's Surge Lithium Project ("Surge Project") and Green Technology Metals Ltd.'s Root Bay Project - host to a new lithium deposit with a 10 Mt at 1.29% Li2O JORC Resource1. The Root South Property is comprised of 175 claims over 3,570 ha.

The Company also announces it has entered into a property purchase agreement (the "Surge North Agreement") dated June 5,... see & read more on
https://www.newsfilecorp.com/release/212019/