8,284 meters Drilled in May 2023 in its Exploration Campaign

Atlas Lithium Corporation (NASDAQ: ATLX) is pleased to announce that its drill hole DHAB-162 showed a 103.4-meter lithium-bearing spodumene continuous intersect, a new record for the Company in its exploration campaign. Atlas Lithium is not aware of any publicly available information which demonstrates a greater down-hole continuous spodumene intersect in Brazil’s Lithium Valley, the mineral district where its 100%-owned Neves Project is located. The spodumene intersect in DHAB-162 occurred between 176.45 and 279.85 meters down-hole. DHAB-162 is located within the Anitta pegmatite trend in the Neves Project, a cluster of four mineral rights aggregating 2,684 hectares. In total, the Company controls 24,233 hectares of mineral rights in Lithium Valley.

Atlas Lithium’s exploration campaign plan is to drill an initial 40,000 meters at its Neves Project, of which 28,025 meters have been completed to date. In May 2023, the Company drilled 8,284 meters, a monthly high mark for its campaign. The Company’s exploration campaign is supervised by a Qualified Person as defined by Subpart 1300 of Regulation S-K promulgated by the U.S. Securities and Exchange Commission (“Regulation S-K 1300”). Atlas Lithium has engaged SGS Canada Inc., a well-known and independent third-party, and, in particular, their geologist Marc-Antoine Laporte, a Qualified Person under Regulation S-K 1300, to produce a mineral resource estimate report under Regulation SK-1300 for the Company’s Neves Project. Mr. Laporte has worked on lithium properties in Brazil’s Lithium Valley since 2017.

Figure 1: Lithium-bearing spodumene cores from drill hole DHAB-162 (part of the 103.4m continuous intersect)

Figure 2: Detail of spodumene core from DHAB-162

Figure 3: Detail of spodumene cores from DHAB-162

About Atlas Lithium Corporation

Atlas Lithium Corporation is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. The Company’s exploration mineral rights for lithium cover approximately 308 km² and are located primarily in Brazil’s Lithium Valley. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel (222 km²), rare earths (122 km²), titanium (89 km²), and graphite (56 km²). The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).