LIVE Enters into Agreement with US Energy Metals Corp. to Option McDermitt Lithium East Project

Note: the terms described in this release were subsequently amended. See the 17 October 2025 amending agreement, under which USCM acquires a 100% interest in the project and LIVE retains a 2% NSR royalty.

Vancouver, British Columbia — (September 18, 2023) — Live Energy Minerals Corp. (CSE: LIVE) (OTC: GTREF) (“LIVE” or the “Company”) is pleased to announce that it has, along with its wholly-owned subsidiary, Lithium Valley Holdings Corp. (“LVH”), entered into an Exploration and Option to Enter Joint Venture Agreement dated September 14, 2023 (the “Option Agreement”) with respect to the McDermitt Lithium East Project located in Nevada (the “Project” or “MLEP”) with US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (“USCM”) and its wholly-owned Nevada subsidiary, US Energy Metals Corp. (“USEM”).

Project Overview

The Project spans 6,508 acres of BLM claims and is located within the McDermitt Caldera, an extinct 40 x 30 km super-volcano formed approximately 16.3 million years ago (Ma) as part of a hotspot currently underneath the Yellowstone Plateau. Following an initial eruption and concurrent collapse of the McDermitt Caldera, a large lake formed in the caldera basin. This lake water was extremely enriched in lithium and resulted in the accumulation of lithium-rich clays.

Late volcanic activity uplifted the caldera, draining the lake and bringing the lithium-rich moat sediments to the surface resulting in the near-surface lithium present on the Project.

LIVE completed a technical report in accordance with National Instrument 43-101 on the Project, entitled “43-101 Technical Report on McDermitt Lithium East Property” prepared by John Michael William Collins, P.Geo., effective date December 16, 2022. The Technical Report can be found on SEDAR+ at www.sedarplus.ca.

QP Statement

Adrian Smith, P.Geo., is a qualified person as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release.