Atlas Lithium Corporation (NASDAQ: ATLX) a leading mineral exploration company, is pleased to announce some important geochemical results from the Company’s ongoing exploration campaign at its Neves Project, a cluster of four mineral rights with an aggregate area of 2,684 hectares in Brazil’s Lithium Valley, a proven mining district for lithium. In total, Atlas Lithium controls approximately 24,233 hectares of mineral rights in Lithium Valley.

As part of the Company’s campaign, drill hole DHAB-145EX yielded an intersect with 3.34% average Li₂O mineralization over 7 meters, and drill hole DHAB-160 produced an intersect with 1.82% average Li₂O over 25 meters. These drills holes are separated by 880 meters and provide further evidence of high-grade lithium mineralization. The primary lithium-containing mineral identified at the Neves Project is spodumene.

Volodymyr Myadzel, PhD, the Company’s Senior Vice President of Geology, commented, “Our exploration program continues to provide rewarding results such as the ones announced today. It is important to note that drill hole DHAB-160 is located within a promising new frontier, 650 meters away from the southern boundary of our currently demarcated Anitta pegmatite trend.”

The Company’s exploration program 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 its initial 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: Atlas Lithium’s Neves Project and additional mineral rights in relation to the areas of Sigma Lithium Corporation, a nearby lithium producer in Brazil’s Lithium Valley. Source: Sigma Lithium Corporation public records; Brazilian mining department data.

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. (gold and quartzite).