The Buzz Surrounding Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF)

FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC Pink:FRRSF) (“Foremost” or the “Company”)

is pleased to announce that it will be changing the Company’s name to

FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD.

In connection with the name change, the Company’s trading symbol “FAT” for its common shares listed on the Canadian Securities Exchange (the “Exchange”) will remain unchanged. The CUSIP number assigned to the Company’s shares following the name change is 345510101 (ISIN: CA3455101012).

Scott Taylor, President and CEO of Foremost Lithium expresses “This is an exciting time for our company, and with the unveiling of our new name we can officially re-focus with a vision that we feel will increase maximum value to shareholders with a pivot to lithium. We officially retired the Company’s old name, direction, and re-launched with new name, brand and website

www.foremostlithium.com

with a strategic focus on lithium exploration. The company aims to take advantage of the battery metals market and is committed on being a leading supplier of battery-grade lithium hydroxide. Given that lithium is one of the most in-demand strategic global commodities, we ensured our new name and strategies are aligned to take advantage of the explosive growth in demand for lithium.

Mr. Taylor adds. “Foremost Lithium Resource & Technology is in a unique position. We have over 16,000 combined acres between our Jean Lake and Zoro Lithium Projects located in Snow Lake Manitoba and our Hidden Lake Lithium Project in the Northwest Territories. Today is a new start for our company and for our shareholders. We have three fantastic lithium assets primed for exploration and we are anxious to advance our exploration program to define more drill targets and define more resource tonnage.”

The Exchange will publish a bulletin announcing the effective date of the change in Foremost Lithium & Resource Technology Ltd’s Name. The Company’s common shares are anticipated to commerce trading on the Exchange under its new name and CUSIP number at market open on or about January 04, 2022 . No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.

For Full Release:  https://www.globenewswire.com/en/news-release/2022/01/04/2360432/0/en/FAR-Resources-Changes-Name-to-Foremost-Lithium-Resource-Technology.html

FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC Pink:FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”)

is pleased to provide the following letter from the President and CEO, Scott Taylor:

Dear Shareholders,

As FAR Resources newly installed President CEO, and in keeping with my commitment to re-build market trust and maintain transparent shareholder communications, I offer the following corporate update and planned overview for 2022. Firstly, thank-you to all shareholders who overwhelmingly voted for change at our recent AGM. Speaking on behalf of the new Board of Directors, we are committed to earning your confidence and to moving FAR forward in the upcoming year!

Globally, lithium exploration companies are enjoying a robust year and we plan to develop FAR’s properties in a way that is consistent and on-par with our peers in 2022. Previous management’s failed strategy led to a massive disconnect between the Company’s valuable assets and the share price in 2021. The Board and management of your company are committed to eliminating this disconnect and to start creating real value for our shareholders. For immediate action, I can confirm the following:

• We have concluded our airborne geophysical survey over Jean Lake and final interpretation of results are being confirmed by Dr. Mark Fedikow and will be disclosed in the near future
• We have completed the reporting and documentation required to receive Phase 2 of the $300,000 grant awarded by The Manitoba Mineral Development Fund (“MMDF”)
• Finalizing corporate branding including company name change reflecting commitment to lithium production, which will include launch of new website, corporate imaging and marketing materials by the beginning of the year
• Had successful strategy sessions in New York City mid-December with natural resource market experts to enlarge our US footprint and influence international contacts and players in the lithium space. I was very well received and the market appears hungry for exciting, new lithium opportunities
• An application was submitted for an up listing from the OTC Pink to the OTCQB Venture Market
• Recently personally visited New Mexico to understand the issues causing delays in our drilling plans of our Winston Gold/Silver Project. Dr. Michael Feinstein (the on-site team geologist), and I have a subsequent on-site meeting mid-January in to discuss advancement of the Project, and to resolve our stalled progress
• Extensive due diligence continues on the Hidden Lake program in the NWT and an analysis of strategic options to enhance the value of this lithium asset is ongoing

It is our promise to move the company forward through exploration, drilling and resource delineation as we are in possession of three excellent lithium properties and one outstanding gold/silver property. We plan to get drills in the ground in 2022 and monetize our assets. Far Resources (soon to be XXXXXX Lithium) is poised to take advantage of the global demand for lithium fueled by the explosive growth in the EV market and crucial adoption of green technologies. Our company is well positioned and has infinite potential. With the disciplined execution of our business strategies, we shall solidify and expand our position in the North American lithium sector with confidence in 2022!

For Full Release: https://www.globenewswire.com/en/news-release/2021/12/30/2359090/0/en/FAR-Resources-Letter-to-Shareholders.html

FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC Pink:FRRSF) (www.farresources.com) (“FAR Resources” or the “Company”).

In the largest shareholder vote turnout in the Company’s history, with over 52% of shares in attendance, shareholders elected an alternate slate of director nominees put forward by a group of concerned shareholders. In a massive show of support for critical change, over 78 million shares or over 96% of the shares in attendance were voted in favor of nominees Scott Taylor, Pierre-Yves Tenn and Andrew Lyons. In contrast, the former Board’s nominees including incumbents Mssrs Gammack and Dinning received nominal support with under 4% of shares voted supporting their re-election. The company intends to file the audited vote results from the AGM on SEDAR. Following the shareholders meeting the new board of directors held their first Board meeting where they appointed Mr. Scott Taylor to the role of President and Chief Executive Officer.

Following his appointment as President and CEO Mr. Taylor stated that the election of the new board of directors was a watershed moment for long suffering shareholders. He pledged that shareholders will immediately see a change in behavior by management and the Board of the Company.

Mr. Taylor went on to say, “As a shareholder, I was totally frustrated with the previous Board’s complete lack of progress. I am confident in the new Board and in the plans that Pierre, Andrew and myself had laid out for the company in our proxy materials. It is now abundantly clear that the positive, value focused message resonated with the majority of shareholders. I’m extremely pleased to see the high voter turn-out and the overwhelming shareholder support afforded the new Board and our plans for FAR.

“I’m also pleased to announce that we’ve filed for a name change for FAR and “Lithium” will be reflected in the Company’s new name to reinforce our commitment to be a leading domestic supplier of this critical battery metal. We will be re-branding and taking advantage of the hyper-demand in the EV market and intend to become a growing key player within the North American strategic battery metals market. The Company is hyper-focused in continued exploration and growth on its three lithium properties, Zoro and Jean Lake located in Snow Lake, Manitoba, and Hidden Lakes in the Northwest Territories.

“My immediate plans are to meet with our geologists Mark Fedikow and Lindsay Bottomer this week to determine a specific execution strategy for Q1 of 2022. I anticipate we will immediately engage with our friendly neighbors, Snow Lake Resources who recently had a very successful IPO on the Nasdaq (ticker: LITM) raising $27.5USD Million @ $7.50 a share. FAR ’s Jean Lake spodumene and beryl lithium pegmatite dykes are situated within the Thompson Brother’s Lithium Trend and adjacent to the crustal scale Crowduck Bay Fault. We anticipate finding mutually beneficial synergies with Snow Lake Resources that will deliver rapid, economical development of FAR’s valuable lithium assets. I am privileged to have the opportunity to build a valuable lithium company and increase shareholder value. Let’s get to work!”

For Full Release: https://www.globenewswire.com/en/news-release/2021/12/13/2350459/0/en/FAR-Resources-Announces-96-Shareholder-Support-In-Landslide-Election-Of-An-Entirely-New-Board-Of-Directors-At-The-December-10-2021-Annual-General-Meeting-Including-New-President-An.html

Far Resources Ltd. (CNSX:

FAT.CN

) (FSE:

F0R

) (OTC:

FRRSF

) (www.farresources.com) (“FAR Resources” or the “Company”) is pleased to announce the commencement of a UAV-borne magnetic survey over the Jean Lake property where the high-grade lithium Beryl pegmatite dyke was re-discovered in August of 2021 shortly after the property was optioned. Recent assay results from two locations on the Beryl pegmatite gave a range of 3.89-5.17% Li2O in five samples collected from a trench after approximately 80 years of accumulated organic debris was removed.

The UAV-assisted magnetic survey is being flown by EarthEx Geophysical Solutions Inc. (Selkirk, Manitoba) at 25 m line-spacing with 250 metre tie-lines. A total of 500 line-km will be flown. The survey was commenced November 29 (2021) and despite some weather delays is ongoing. The orientation of the flight lines is designed to assess the magnetic signatures of lithium-bearing pegmatites in and along both the Beryl Lithium Trend and the Thompson Brothers Lithium Trend that transects the Jean Lake property. The superior spatial precision of the UAV-acquired magnetic data will provide an assessment of the depth to source, dip of the body and the overall shape and size of the body which will assist diamond drill targeting. Results of the survey will be released in Far Resources news releases. The magnetic survey will be followed up with a Lidar survey in the spring after snow has melted.

Funds for the UAV survey have been provided by a grant from the Manitoba Mining and Development Fund established by the Manitoba Government to assist and stimulate sustainable resource development in northern Manitoba.

Robert Dinning, CA, CPA, CFO/Director FAR Resources Ltd., participated in the recent private placement previously press released on December 6

^th

, 2021 for 100,000 shares at $.105 with a warrant at $0.13. There is a mandatory 4 month and 1 day restriction.

FAR Resources’ Winston Gold and Silver Project includes on-going exploration of their 100 percent owned property located in the Black Range of New Mexico USA. Recent results included exceptional numbers from property-wide confirmatory sampling completed in late 2020 with grades of up to 66.5 g/t gold and 4619 g/t silver. The property’s three mines, Ivanhoe, Emporia and Little Granite are known for their historic production of high-grade gold and silver ores, primarily developed prior to the 1930’s with a brief revival in the 1980’s but have seen little modern exploration. Full data tables and info can be viewed here on pages 14, 17,19 and 20:


https://farresources.com/images/investors/presentation/precious_metals_deck/precious_metals_deck_revised-26Mar2021.pdf

.

FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA, located in the mining-friendly Snow Lake region of Manitoba containing numerous known lithium deposits. The company has completed five drill programs on the property leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA, located in the mining-friendly Snow Lake region of Manitoba containing numerous known lithium deposits. The company has completed five drill programs on the property leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories hosting at least 10 lithium bearing spodumene pegmatite dykes with average lithium concentration of 1.03% Li20 and individual samples grading up to 3.3% Li20.

For Full Release: https://www.globenewswire.com/en/news-release/2021/12/09/2349556/0/en/FAR-Resources-Commences-Their-UAV-Borne-Magnetic-Survey-at-the-Jean-Lake-High-Grade-Lithium-Property-Near-Snow-Lake-Area-Manitoba.html

Far Resources Ltd.

(CNSX:

FAT.CN

) (FSE:

F0R

) (OTC:

FRRSF

) (www.farresources.com) (“FAR Resources” or the “Company”) is pleased to announce that on December 3

^rd

, 2021, it closed a non-brokered private placement of $250,950.00 or 2,380,952 units at a price of $0.105 per unit (the units in accordance with the price protection filed with the Canadian Securities Exchange on October 28

^th

, 2021). Each unit consists of one common share and one 24 months share purchase warrant. The warrant entitles the holder to purchase one common share, excisable at a price of $0.13 per share for 24 months from the date of issue. It expires December 3

^rd

, 2023.

All securities issued under the private placement are subject to a mandatory hold period of four months plus 1 day following the closing of the private placement.

There are no finder’s fees. The proceeds of this private placement will be used for general working capital.

FAR Resources’ Winston Gold and Silver Project includes on-going exploration of their 100 percent owned property located in the Black Range of New Mexico USA. Recent results included exceptional numbers from property-wide confirmatory sampling completed in late 2020 with grades of up to 66.5 g/t gold and 4619 g/t silver. The property’s three mines, Ivanhoe, Emporia and Little Granite are known for their historic production of high-grade gold and silver ores, primarily developed prior to the 1930’s with a brief revival in the 1980’s but have seen little modern exploration. Full data tables and info can be viewed here on pages 14, 17,19 and 20:


https://farresources.com/images/investors/presentation/precious_metals_deck/precious_metals_deck_revised-26Mar2021.pdf



FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA, located in the mining-friendly Snow Lake region of Manitoba containing numerous known lithium deposits. The company has completed five drill programs on the property leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories FAR Resources also has its 100 percent owned ZORO Lithium Project, in CANADA, located in the mining-friendly Snow Lake region of Manitoba containing numerous known lithium deposits. The company has completed five drill programs on the property leading to the discovery of at least 12 lithium-bearing pegmatite dykes. FAR Resources also holds a 60% stake in the Hidden Lake Lithium Project in the Northwest Territories hosting at least 10 lithium bearing spodumene pegmatite dykes with average lithium concentration of 1.03% Li20 and individual samples grading up to 3.3% Li20.

For Full Release:  https://www.globenewswire.com/en/news-release/2021/12/06/2346221/0/en/FAR-Resources-Announces-Private-Placement-Closed.html

Far Resources Ltd.

(CNSX:

FAT.CN

) (FSE:

F0R

) (OTC:

FRRSF

) is pleased to announce assay results from sampling undertaken on its recently located beryl pegmatite, Jean Lake property, located in the historic Snow Lake mining district in east-central Manitoba (cf news release September 28

^th

, 2021).

After a brief program of trench clearing and mucking of nearly 80 years of organic debris a total of 5 representative grab samples of spodumene were collected from two blasted and trenched locations along the trend of the beryl pegmatite. Two of the samples were from apple green, coarse grained spodumene (Far21-1 and -2; Figure 1) and three samples were from straw-coloured finer grained spodumene (Far21-3,4 and 5; Figure 2).

Samples were shipped to Activation Laboratories in Ancaster (Ontario) for analysis using the UT-7 method which uses a total dissolution of the sample by sodium peroxide fusion and ICP-MS finish. This analytical approach is the standard analytical technique used by the Company on its Zoro and Jean Lake lithium projects.

Results indicate all samples returned high-grade lithium contents regardless of the size or textural characteristics of the spodumene (Table 1). Ongoing exploration is planned for the remainder of 2021 and 2022 utilizing drone-assisted magnetic and Lidar surveys, prospecting, and surficial geochemical methods.

John Gammack, President and CEO of FAR stated, “We are concurrently advancing our recently acquired Jean Lake lithium-gold project to drill-ready status and integrated exploration approaches based on modern airborne and ground geophysical and geochemical technologies bolstered by sound field programs of boots on the ground prospecting and geological mapping. These new high-grade assay results provide us with a focus on the potential for new expanded lithium resources on our Snow Lake projects.”

Table 1. Lithium analyses for two styles of spodumene mineralization at the Beryl pegmatite, Jean Lake property, Snow Lake area, Manitoba.

Qualified Person

Technical information in this news release has been reviewed and approved by Lindsay Bottomer, P.Geo., FAR Resources Qualified Person as identified by Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects.

For Full Release: https://www.globenewswire.com/en/news-release/2021/10/28/2322375/0/en/FAR-Resources-Ltd-Reports-High-Grade-Lithium-Assays-From-Its-Beryl-Pegmatite-Jean-Lake-Property-Snow-Lake-Area-Manitoba.html