True North acquires two separate properties in the Decelles - Pontiac lithium play

Vancouver – December 29, 2022 – True North Gems Inc. (TSXV: TGX, or the "Company") reports that its wholly-owned subsidiary, Laval Critical Elements Inc.( "LCE"), has acquired two Lithium prospects in the Decelles-Pontiac lithium play in the Abitibi region of northwestern Quebec.

The area of the Decelles Resevoir, southwest of Val d’Or, Quebec has long been know to be prospecptive for Lithium bearing pegmatites, the first showimgs of Lithium mineralization having been described from the region in 1955; the Wells-Lacouciere occurrence currently being explored by Vision Lithium.

Over the past year Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high-grade lithium prospects by Vision Lithium Inc, spurred several other exploration and drill programs within the Cadillac area in 2022. Since December 2021, approximately 4000 new claims have been registered in the greater Mazerac area and the Pontiac Sub province region.

Regional Geology

The geology of the Pontiac Sub-province includes rocks of sedimentary origin and a few of volcanic origin which are part of the Pontiac group. The majority of the bedrock in the region is composed of granitic and syenitic rocks. Spodumene pegmatites and associated aplites are abundant locally and large clusters of pegmatite are essentially homogeneous, however, some of the smaller dykes and lenses are zoned. The general northeast orientation of the topographic features of the eastern part of the region is controlled by the granite and pegmatite sills in the biotite schists. There are many north, north-east and north-west trending joints in all the rocks of the region.

The Decelles property

Decelles Transaction details

True North has entered into an exclusive option agreement to acquire 215 claims from Glenn Griesbach, an arms length property vendor, under the following broad terms:

• Payment of CA$50,000 within 14 days of regulatory approval;
• 2.0M LCE Units. Each LCE Unit is comprised of one common share of LCE and one warrant, exercisable for 24 months from regulatory approval of the Agreement, to acquire one Common share of LCE at an exercise price of $0.40.
• Granting the Vendor a 2% NSR, half of which can be acquired for $1M at any time.

The Nabikok property

The area is located approximately 50km southwest of Val-d’Or, a well-established mining town in the Abitibi region.

True North Gems has contracted 2,400-line kilometer high-resolution Heli-borne magnetic survey of the entire block of Decelles claims. The data from this survey will be used to identify potentially prospective areas for follow-up during the summer field season.

Nabikok Transaction details

On behalf of the Board of Directors of True North Gems Inc.

"Owen King" (signed)

Owen King CEO & Director 604-618-1835 For further information, contact:

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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