#1SNOW LAKE 4 LITHIUM FULLY ELECTRIC FULLY RENEWABLE ISSUER FREE WRITING PROSPECTUS Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. Dated September 23, 2022 Filed Pursuant to Rule 433 Related to the Preliminary Prospectus dated September 23. 2022 and Registration Statement No. 333-267600 Nasdaq: LITM +#2DISCLAIMER & FORWARD-LOOKING STATEMENTS No securities commission or securities regulatory authority or other regulatory authority has reviewed, passed upon or endorsed the accuracy or adequacy of this document. Any representation to the contrary is unlawful and is expressly disclaimed by Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. ("Company"). The information contained in this presentation does not purport to be all-inclusive or to contain all information that prospective investors may require. Prospective investors are encouraged to conduct their own analysis and reviews of the Company and of the information contained in this presentation. Prospective investors should consult their own professional advisors to assess their potential investment in the Company. The remarks contained in this presentation ("Presentation may contain forward-looking statements relating to the Company's operations or to its business environment. Such statements are based on the Company's ope recasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. A number of factors could cause actual outcomes and results to differ materially from those expressed. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. This Presentation has been provided to the recipient for information purposes only and no representation or warranty, express or implied, is made as to the completeness or accuracy of the information contained herein. The contents are not to be reproduced or distributed to the public or press. The information contained herein is not guaranteed as to its accuracy or completeness. Throughout this Presentation various logos and trademarks will be used. These trademarks and logos are the property of their respective owners This presentation contains or references to certain market, industry and peer group data which is based upon information from independent industry publications, market research. analyst reports and surveys and other publicly available sources. Although Snow Lake Lithium believes these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainly due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. Snow Lake Lithium has not independently verified any of the data from third party sources referred to in this presentation and accordingly, the accuracy and completeness of such data is not guaranteed. An investment in the Company's securities should be considered highly speculative. There is no guarantee that an investment in the Company will earn any positive return in the short or long term. An investment in the Company is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. There are certain risk factors associated with an investment in the Company's securities. In addition, there are a number of risk factors that could cause future results to differ materially from those described herein. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial may also adversely affect the Company's business or any investment therein. SNOW LAKE LITHIUM Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE +#3SNOW LAKE LITHIUM FREE WRITING PROSPECTUS STATEMENT This presentation highlights basic information about us and the proposed offering Because it is a summary, it does not contain all of the information that you should consider before investing We have filed a registration statement (including a preliminary prospectus) with the SEC for the offering to which this presentation relates, which registration statement has not yet been declared effective by the SEC. Before you invest, you should read the preliminary prospectus and the registration statement (including the risk factors described therein) for more complete information about us and the offering. You may access these documents for free by visiting EDGAR on the SEC Website at http://www.sec.gov. Alternatively, we or any underwriter participating in the offering will arrange to send you the prospectus if you contact ThinkEquity LLC. Prospectus Department, 17 State Street, 41st Floor, New York, New York 10004, telephone: (646) 968-9355 or e-mail: [email protected]. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. The offering is only being made by means of the prospectus. SNOW LAKE LITHIUM Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE +#4RECENT DEVELOPMENTS LG Energy Solutions MOU Snow Lake Lithium and LGES will collaborate to explore the opportunity to create one of Canada's first lithium hydroxide processing plants in CentrePort, Southern Manitoba. Under the terms of the MOU, Snow Lake Lithium will supply LGES with lithium over 10 years once production starts in 2025. Engineering Snow Lake Lithium expecting to produce enough lithium to power five million electric vehicles over ten years in North America SNOW LAKE LITHIUM Nasdaq: LITM Metallurgy Committed to launching a fully integrated operation from ore mining to hydroxide processing in order to supply the North American EV market. Baseline studies The first step in progressing the environmental permitting process required for full scale commercial mining and production at the Snow Lake Lithium mine.. Feasibility With rising demand for and the increasing scrutiny on the carbon footprint of the raw materials in manufacturing. Snow Lake is positioned to provide carbon free, conflict free lithium by operating a fully electric Lithium mine running on renewable power 20k drill campaign Snow Lake has successfully completed over 20,000 meters of additional drilling on the Snow Lake Lithium project, tripling the amount of drilling that can be used towards the Company's resource expansion plans scheduled to be completed this fall. ENABLING A SUSTAINABLE FUTURE 4#5Grass River OUR STORY SNOW LAKE LITHIUM Nasdaq: LITM SNOW LAKE 4 LITHIUM Snow Lake Lithium (Nasdaq: LITM) is committed to operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the electric vehicle and battery market in North America. ENABLING A SUSTAINABLE FUTURE + 5#6INVESTMENT HIGHLIGHTS 18 S 3 Vertically integrated through our partnership with LG Energy Solution Powered by 99% renewable energy and launching the first fully electric lithium mine Geographic proximity to the expanding North American electric vehicle and positions us as an integral provider of sustainable raw materials Based on current resource, a fully functioning lithium mine could produce 160,000 tonnes per annum of 6% lithium spodumene concentrate over an 8-10 year period. Which would equate to 500k electric vehicles per year. 55.318-acre site has only been 1% explored and already uncovered 11.1 million metric tonnes indicated and inferred resource at 1% Li20. In 2022, over 20,000 meters of drilling was completed which will be incorporated into our resource update in Q4 2022. Leadership team of experienced mining executives and operators, with a track record of de-risking and delivering SNOW LAKE LITHIUM Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 6#7SIGNIFICANT TAILWINDS DRIVEN BY RECENT US LEGISLATION Inflation Reduction Act (IRA) set to increase domestic battery and critical mineral production The Inflation Reduction Act, which was signed into law on August 16th, 2022. marks the most significant climate legislation in United States history and has streamlined approximately $370 billion in climate and clean energy investments The IRA extends the Section 30D $7,500 tax credit for electric vehicles (through 2032) that satisfy several benchmarks regarding qualified manufacturers, the sourcing of battery materials, and final assembly within North America. In addition, the federal tax credit related to EV charging equipment has been extended through 2032 The $7.500 tax credit is comprised of two sections. (1) $3.750 for the critical minerals either extracted in the US (or country with which US has free trade agreement) or recycled in North America and (2) $3.750 for the battery components (further details below). With respect to the battery from which the electric motor of such vehicle draws electricity, the percentage of the value of components contained in such battery that are manufactured or assembled in North America must be equal to or greater than the applicable percentage: SNOW LAKE LITHIUM Nasdaq: LITM 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Tax Credit Battery Component (%) Manufactured or Assembled in North America Requirements 50 60 2023 2024-2025 70 2026 2027 90 2028 100 2029 -+ ENABLING A SUSTAINABLE FUTURE 7#8SNOW LAKE LITHIUM AND LGES SUPPLY CHAIN AGREEMENT Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq:LITM) ("Snow Lake Lithium") has signed a non-binding Memorandum of Understanding (MOU) with LG Energy Solution (LGES: KRX 373220) as a next step towards building the domestic supply chain for the North American electric vehicle market. Snow Lake Lithium and LGES will collaborate to explore the opportunity to create one of Canada's first lithium hydroxide processing plants in CentrePort, Southern Manitoba. Under the terms of the MOU, Snow Lake Lithium will supply LGES with lithium over 10 years once production starts in 2025. LGES, a subsidiary of LG Energy Solution, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT and energy storage systems. LGES's robust global network, which spans North America, Europe. Asia and Australia, includes battery manufacturing facilities established through joint ventures with major OEMs such as General Motors, Honda, Stellantis N.V. and Hyundai Motor Group. SNOW LAKE LITHIUM Nasdaq: LITM SNOW LAKE LITHIUM Map of the 7 committed Gigafactories Snow Lake Lithium Arizona Larsing Michigan Holland City Michigan ⒸLG Energy Solution Springhill Tennessee Windsor Ontario Rosetown Chic -+ ENABLING A SUSTAINABLE FUTURE B#9THE ENVIRONMENT AND CLIMATE CONTROL LG Energy Solution is a specialised company that provides a variety of energy solutions in Advanced Automotive, Mobility & IT and ESS SNOW LAKE LITHIUM Nasdaq: LITM LG leads in the fast- growing green energy sector and global EV market with a social responsibility strategy that promotes 8 critical areas that relate to the environment and climate action. The environment sectors are human rights, safety, and society and the climate action sectors are, closed-loop, human capital, and responsible supply chain management As the first South Korean battery manufacturer to join RE100, LG Energy Solution is protecting the environment by advancing the goal of transitioning all businesses to 100% renewable energy 20 years ahead of the suggested schedule SNOW LAKE LITHIUM fully renewable fully electric XX LGES is expanding its R&D, manufacturing, and sales bases throughout key regions, including South Korea, China, and the United States over the next three years 1 ⒸLG Energy Solution In 2022 LGES established 'NextStar Energy' with Stellantis - a 45GWh gigafactory in Ontario ENABLING A SUSTAINABLE FUTURE +#10STRATEGICALLY LOCATED LITHIUM HYDROXIDE PLANT Proposed lithium processing facility in Centre Port Canada positioned adjacent to commerical mine and major auto manufacturers = On September 23, 2022. Snow Lake Lithium signed a non-binding MOU with LG Energy Solution to explore the opportunity to create one of Canada's first lithium hydroxide processing plants in CentrePort, Southern Manitoba Partnership includes the delivery of lithium to LGES for a 10-year period once production starts in 2025 Announced April 11, 2022, Snow Lake contracted Primero to deliver the scoping study to assess the proposed lithium hydroxide plant in South Manitoba Primero brings world-class. hands-on lithium experience through its vertically integrated project management across the global resources industry The addition of a lithium hydroxide plant will enable the seamless integration of the domestic supply of this critical resource to the North America electric vehicle industry Strategically located within 700km from the Thompson Brothers Lithium project and connected to major national and international trade gateways Located with access to trimodal transportation, state-of-the-art infrastructure and green energy Hydroxide plant will provide the necessary infrastructure to convert spodumene into lithium hydroxide products for the electrification of the North American automobile industry SNOW LAKE LITHIUM Nasdaq: LITM LG Energy Solution ↑ SNOW LAKE 4 LITHIUM™ PRIMERO CENTREPORT CANADA + ENABLING A SUSTAINABLE FUTURE 10#11IN 2020 LITHIUM PRODUCTION FELL 4.6% Lithium production by Country and demand projections 2020 Global Lithium mine production (and reserves) in thousand tonnes: 40.0 (4.700) - Australia 20.6 (9,200) 14.0 (1,500) 6.2 (1.900) 1.9 (96) Brazil 1.2 (220) Zimbabwe — 0.9 (60) 0.9 (750) 0.5 (530) - Chile China Argentina Portugal US ROW (including Canada) Source: includes data from US Geological Survey British Geological Survey Ⓒ UKRI and World Mining Data SNOW LAKE LITHIUM Nasdaq: LITM Supply shortfalls expected (MT) despite new planned lithium mining operations 6,000,000 4.500,000 3,000,000 1.500,00 0 2015 2020 2025 2030 2035 2040 Project Supply Total Demand Source: Benchmark Mineral Intelligence - Lithium Forecast. O1 2021 ENABLING A SUSTAINABLE FUTURE + 11#12GLOBAL LITHIUM DEMAND WILL MORE THAN DOUBLE BY 2024 Driven by acceleration of battery production Forecasted growth in lithium demand: 47.3 kt in 2020 to 117.4 kt in 2024 (CAGR of 25.5%)¹ • ● 185 kt per year by 2030 (Source: IEA Global EV Outlook) ² 2 c.65% of global lithium is used for battery production ¹ 1 ¹ Source: GlobalData, Mining Intelligence Center Source: IEA Global EV Outlook SNOW LAKE LITHIUM Nasdaq: LITM Global Lithium Consumption vs Electric Vehicle Battery Demand, 2014-2024 Lithium consumption (thousand tonnes 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 2014 2015 Lithium consumption (LHS) - Global EV battery demand (RHS) 2016 2017 2018 2019 2020 2021 2022 Source GlobalData, Mining Intelligence Center, www.globaldata.com 2023 2024 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Global EV battery demand (GWH) -+ ENABLING A SUSTAINABLE FUTURE 12#13Most lithium comes from brine and hard-rock deposits Battery production favours lithium hydroxide from hard-rock . Lithium hard rock operations are extremely efficient, with lithium found in spodumene, a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2 The lithium hosted in spodumene can be sustainably processed into either lithium hydroxide or lithium carbonate Lithium hydroxide is better for the production of EV batteries with NCM 811 cathodes compared to lithium carbonate produced from brines Spodumene also typically hosts higher Lithium content in comparison brines SNOW LAKE LITHIUM Nasdaq: LITM WHY MINING IS MORE FUTURE-COMPLIANT Li-Hydroxid as starting material for HV batteries source salt pan mine source: Volkswagen raw material brine spodumene Li-product Li carbonate Li hydroxide cathode material புற LCO LMO NCM 111 NCM 622 LFP NCM 811 NCA -+ ENABLING A SUSTAINABLE FUTURE 13#14HARD ROCK MINING Lithium extracted by "hard rock" comes from the minerals hosted in Pegmatites. These metal-enriched deposits form during the final crystallization of the earth's magma as intrusive rocks that can measure anywhere from just a few centimeters to hundreds of meters. Within Pegmatites is the lithium-bearing mineral, Spodumene. The hard rock method extracts lithium directly from Pegmatites with common surface mining techniques. Mineralized Pegmatites are crushed, milled, and separated according to ore mineral identification. SNOW LAKE 4 LITHIUM LITHIUM FAQ VS Lithium found in Spodumene can be processed into lithium carbonate or lithium hydroxide - the compound preferred by EV battery manufacturers. Hard rock uses traditional mining techniques that require significantly less water and energy at a lower cost. WHERE IS LITHIUM FOUND? HOW IS LITHIUM EXTRACTED? WHAT ARE THE BENEFITS AND IMPACTS OF LITHIUM? BRINE MINING Brine mining sources the mineral from accumulations of saline groundwater known as lithium brine deposits that have strong concentrations of dissolved lithium. Only select regions in the world contain viable brines for mining purposes. The brine mining method pumps brine to the surface of the deposit to be evaporated in a succession of ponds. Each transfer to a new pond achieves higher purity until the lithium can be fully extracted and processed. Brine mining requires a diversion of water and its long-term environmental effects remain ambiguous. It is a multiyear process to extract and can only be successful in limited weather conditions, including sufficient sunshine and limited rain. Its processing abilities are less flexible as brine only initially produces lithium carbonate, which must be extended to lithium hydroxide at an additional cost.#15impactful than brine Hard-rock lithium is less environmentally Using significantly less water and energy in production -MIN The spiralling environmental cost of our lithium battery addiction The Lithim Gold Rade Indle the Race to Power Electric Vehdes La pake kable in the manating perjanking data maternig fer vial man tertental. Sumat vergeten tuaerbe venni p Lithium mining is booming- here's how to manage its impact SNOW LAKE LITHIUM Nasdaq: LITM PLE The Paradox of "Clean" EVs and the "Dirty" Lithium Mining Business impacts in lithium mining desde og tok pimeda a pale avati inda The propel de camp i den a og da kan pa Electric cars are still better for the environment. But lithium mining has some problems SAP-S Packs Producers look to 'green' lithium as automakers, investors apply ESG pressure Po dla mida sa m tam beating for vernige. The k a batteries COMU Developing countries pay environmental cost of electric car en lekute the most dia tay that keypad, Jaan Ki K NIDADES ORIGINAARS BALAD SIE CONTAMINACIN NESTL BA EN PELIGRO. SQM PERTE ROCKWOOD EN ELS MUM DEATALA -+ ENABLING A SUSTAINABLE FUTURE 15#16ELECTRIC VEHICLE PRODUCTION DRIVING DEMAND FOR LITHIUM The global market is set to grow with a CAGR of 30% this decade Estimated worldwide EV sales: 2.5 million in 2020 11.2 million in 2025 311 million by 2030 · • EVS to represent c.32% of annual new car sales by 2030. Policymakers are pushing OEMs towards lower emissions. Fuel economy regulations, quota systems and city policies all play a growing role Batteries keep getting better and charging speeds. are also rising By the mid-2020s, EVs are expected to reach up- front price parity without subsidies with internal combustion vehicles in most segments SNOW LAKE LITHIUM Nasdaq: LITM Outlook for EV Market Share by Major Region - US - EV market share Europe - EV market share China - EV market share EV Global share of sales 50% 40% 30% 20% 10% 2010 2011 2012 2013 2017 2018 2019 OZOZ Source: Deloitte Analysis, IHS Markit. EV-Volumes.com 2021 ZZOZ 2023 2024 2025 2026 ZOZ 2028 2029 DEOZ + ENABLING A SUSTAINABLE FUTURE 16#17DEMAND FOR EVS DRIVEN BY CORPORATE NET ZERO AMBITION Decarbonizing corporate fleets is a key focus for many prime 9 Amazon plans to have 10.000 custom electric delivery vehicles on the road by 2022, and 100,000 by 2030. The EVs will help Amazon reach its goal of being carbon neutral by 2040. SNOW LAKE LITHIUM Nasdaq: LITM R.T Fed Ex Express FedEx's entire parcel pickup and delivery fleet will be zero-emission EVs by 2040. The company plans to invest $2 billion into vehicle electrification, sustainable energy. and carbon sequestration. Servi In 2020, UPS ordered 10,000 purpose-built electric vehicles from Arrival. The initial 10,000 vehicles are being rolled out in the UK, Europe and North America from 2020 to 2024, at an annual cost of hundreds of millions of dollars. + ENABLING A SUSTAINABLE FUTURE 17#18OEMS MAKING PUBLIC COMMITMENTS TO CAPTURE THE MARKET By 2023 more than 300 electric and plug-in hybrid models will be available HONDA 100% of sales from EVs by 2040 Investing $30B in EVs by 2023 SNOW LAKE LITHIUM Nasdaq: LITM gm All-electric by 2035 VOLVO 50% of sales from EVS by 2025 HYUNDAI Investing $7.4B in US EV production facilities Ford $30B commitment to EVs by 2025 TOYOTA Half of sales electric by 2025 DAIMLER Introducing 10 EVs by 2022 + ENABLING A SUSTAINABLE FUTURE 18#19OEMS FOCUSED ON SUSTAINABLY SOURCED MATERIALS Traceability of raw materials is a key supply chain risk Global Purchasing & Supply Chain in Sustainability Goals Framework gm TOYOTA Ford Supplier CSR Guidelines require Tier-1 suppliers to deploy policies to their suppliers Recently joined the Initiative for Responsible Mining Assurance (IRMA) to promote the use of comprehensive, third-party assessments of mining practices SNOW LAKE LITHIUM Nasdaq: LITM VOLVO HONDA M Procurement uses a sustainability risk model for rating all suppliers and the country of origin Supplier Sustainability Guidelines & Green Purchasing Guidelines for all suppliers Sustainability requirements are enshrined in contracts and specifications + ENABLING A SUSTAINABLE FUTURE 19#20...AND ARE NOW FACTORING TOTAL SUPPLY CHAIN EMISSIONS OEMS are committed to reducing their Scope 3 carbon emissions The automotive industry has largely focused on the reduction of tailpipe emissions; reducing material production emissions should also be a priority. "Since 65-80% of emissions an automobile generates are from tailpipe emissions, and corresponding indirect emissions come from fuel supply the industry has understandably focused on electrifying powertrains However, to reach the full potential of automotive decarbonization - and achieve the zero-carbon car - industry players now must turn their attention to material emissions as well. The zero-carbon car: Abating material emissions is next on the agenda - McKinsey (September 2020) The all-electric ID.3 is the first Volkswagen ever that is not just produced with a carbon-neutral balance but which is also delivered with a carbon-neutral balance. SNOW LAKE LITHIUM Nasdaq: LITM Molkway - ZERO Percent of Total Current Lifecycle Emissions of Internal Combustion Engine Vehicles -100 60-70 5-10 10-22 3-5 Total lifecycle emissions 4-5 Logistics 48 Production and assembly 65-80 60-70 6-K) Fuel supply and tailpipe 18-22 Material production End-of-life materials recovery Source: Natural and bio Gas Vehicle Association expert interviews McKinsey analysis ENABLING A SUSTAINABLE FUTURE +#21TRANSPORTATION A MAJOR CONTRIBUTOR TO CLIMATE CHANGE Global CO₂ Emissions from Transportation 74.5% of transport emissions come from road vehicles. 45.1% Road (passenger) (includes cars, motorcycles, buses and laxis) Electric vehicles are key to meeting emission targets Transportation accounts for around a fifth of global CO₂ emissions Unlike sectors such as marine transportation and aviation, light passenger vehicles have a clear technological path to net-zero emissions by 2050: electrification SNOW LAKE LITHIUM Nasdaq: LITM 29.4% Road (freight) (includes trucks and lorries! Consumption of c.0.6 million barrels of oil products per day averted by EV use in 2019 17 countries have announced 100% zero-emission vehicle targets, or the phase-out of internal combustion engine vehicles by 2050 2.2% Other 11.6% 10.6% Aviation Shipping 1.0% Rail USA climate envoy John Kerry described November's COP26 Conference as 'the last best chance" to avert the worst environmental consequences for the world ENABLING A SUSTAINABLE FUTURE + 21#22HIGHLIGHTS OF THE SNOW LAKE LITHIUMTM PROJECT Property includes multiple spodumene bearing pegmatite dykes, which typically appear in clusters Indicated resource estimate of 9.08 Mt @ 1.00% Li₂O: inferred resource estimate of 1.97 Mt @ 0.98% Li₂O using a 0.3% Li₂O cut-off grade 20,000m of drilling completed in 2022. New resource estimate expected in Q4 2022. Initial testing suggests that a fully functioning lithium mine could produce 160k tonnes per annum of 6% lithium ore concentrate over an 8 to 10 year period Potential to significantly increase the resource through a targeted drilling strategy SNOW LAKE LITHIUM Nasdaq: LITM PIONE 164648 ENABLING A SUSTAINABLE FUTURE#23SNOW LAKE LITHIUMTM PROJECT Located in mining-friendly jurisdiction with access and infrastructure Large Secure Land Position Snow Lake has a strong land position encompassing 55.318 acres Pro Mining Community HudBay operates the Lalor Mine and concentrator in the Snow Lake district • Recent investments in the district by several mining companies demonstrate high confidence in the potential for new mine discoveries Nearly a century of historic and consistent mining in the area SNOW LAKE LITHIUM Nasdaq: LITM Access Year round access to the Property can be gained via boat, barge, helicopter or winter ice/bush roads Existing Infrastructure . · . · Powerline traversing the Property Airstrip located 8.5km to the north Major Road access within 11km Railway access 65km to the south Pok www H P SNOW LAKE LITHIUM wit ENABLING A SUSTAINABLE FUTURE + 23#24SNOW LAKE LITHIUM™ PROJECT HIGHLIGHTS som man ka Thom Swed Badan TEL Property Thompson ilmyöhers Liikkum Projesi, SNOW ARE TH The lithium enriched Thompson Brothers (TB) and Shemitt Gordon (SGI pegmatite dyke clusters accur on either side of the Crowduck Bay Fault that bisects the property SNOW LAKE LITHIUM Nasdaq: LITM Drill results show promise of significant lithium resource Excellent Dimensions The Thompson Brothers dyke has been drill tested over a 1km strike and to a vertical depth of 1/2 Km + The deposit is tabular in form and dips near vertical Excellent Widths The deposit averages 7 to 10m in true width Consistent Grades Li₂O grades within the deposit are consistent from contact to contact and drill hole to drill hole. Simplest structure possible making it easier to predict * Mining Snow Lake sees the potential for an underground mining operation accessed via ramp at Thompson Brothers and potential open pit opportunities at Sheritt Gordon. A small open pit could be used to extract the crown pillar to the deposit at Thompson Brothers. Exploration Upside Snow Lake Lithium is confident it can delineate significant additional lithium resources along strike and down dip at the Thompson Brothers deposit Additional resources can also be developed within the SG Pegmatite cluster. Historical drilling in 1942 confirmed spodumene in 20 holes (not included in existing resource) + ENABLING A SUSTAINABLE FUTURE 24#25A ZERO CARBON MINE POWERED BY RENEWABLE ENERGY Working together with leading partners to ensure emissions are net zero Manitoba Hydro One of Canada's largest integrated electricity and natural gas distribution utilities, with over 97% of electricity produced from hydroelectric renewable. SNOW LAKE LITHIUM Nasdaq: LITM meglab A leading innovator in mining technology, providing power solutions for sustainable development. Meglab signed an MOU with Snow Lake Lithium to develop the world's first all-electric lithium mine. · Epiroc Manufacturer of electric mining equipment. Epiroc signed an MOU with Snow Lake Lithium to supply equipment and tools for surface and underground applications. + ENABLING A SUSTAINABLE FUTURE 25#26PERFECTLY POSITIONED TO SUPPLY A CRITICAL RESOURCE TO THE NORTH AMERICAN EV AND BATTERY MARKET Global Lithium demand is set to more than double by 2024, mainly driven by electric vehicle (EV) and battery production needed to reduce global carbon emissions As EV and battery production in North America increases. Snow Lake Lithium will deliver this critical resource in the most sustainable way We are a business that balances purpose and profit, which is set to benefit from the transition to electric transportation SNOW LAKE LITHIUM Nasdaq: LITM Snow Lake Lithium Prende mater 2.5 Valkony --H 10 km → Back A Tham Wieder Seat Ade menian Pregonda SNOW LAKE LITHIUM BOOS ENABLING A SUSTAINABLE FUTURE +#27CLOSE PROXIMITY TO LOW EMISSION TRANSPORTATION NODES Easy access to Global manufacturing centres by rail and sea . 65 km from Hudson Bay Railway Direct access South to the United States rail network Direct access North to Port of Churchill (Europe by ship) SNOW LAKE LITHIUM Nasdaq: LITM MAP KEY -Hudson Bay Railway O Community ** Hudson Bay Railway operating agreement - Other rail Lynn Lake Fin Flon 8 Pukatawagen Sheridop Cranberry The Pas MANITOB А Thompson KM Snow Lake Lithium Kelsey Wabowden 150 0 Piwitonel NWT Gilam Port of Churchill Flord Lake Winnipeg JOHN SOPINGKUTHE CLOBE AND MALL SOURCE: OMNITRAX.COM Hudson Bay NUN DETAIL SASK MAN Back Hudson Bay ONT. CN Arctic Gateway Group (owner of Hudson Bay Railway) is made up of 627 miles of former Canadian National (CN) trackage, with a network that connects with CN in The Pas. ARCTIC GATEWAY + ENABLING A SUSTAINABLE FUTURE 27#28STRATEGICALLY LOCATED TO SUPPLY THE NORTH AMERICAN "AUTO ALLEY" Located at the tip of the NAFTA "superhighway" with easy access to North American battery and electric vehicle manufacturing sites. Addresses three major issues for manufacturers: North American source of lithium Low transportation costs Reducing supply chain emissions . ... Snow Lake Lithium Ford lon Park, Southeast MI 3 LG Energy Solution battery facility. Holland, MI 4 GM/LG Energy Solutions battery plant (2022), Lordstown, OH 1 2 5 Panasonic/Tesla battery facility, Reno, NV 6 GM/LG Energy Solution battery plant (proposed), Spring Hill. TN SNOW LAKE LITHIUM Nasdaq: LITM Seatte 5 Los Angeles Long Beach Pocido Denver Alliance Texas Omaha Oklahoma City Dan Antonio 1 TowInnd Port Ft Worth Kansas City Laredo Paade Monterrey pep Denton Das ***** St. Patr ******* Houston Corpus Christ Tors 6 Gom Otawa 103 chor Montreal vington, DC -+ ENABLING A SUSTAINABLE FUTURE#29FULLY INTEGRATED PROCESSING STRATEGY 01 $ ENERGY 98% hydroelectric power SNOW LAKE LITHIUM Nasdaq: LITM 02 ANIN 31 CRUSHING & SORTING Rock with © 2% Li₂O 03 EXTRACTION Rock with ©1% LiO FLOTATION Creates 6% lithium spodumene 04 朋 HYDROXIDE PROCESSING Manufactures battery grade lithium SENY To PROCESS BY RAIL 05 EV SHIPPING Batteries used to power the next generation of electric vehicles TRANSPORT By rail to battery manufacturers 06 07 00 08 Seamless, sustainable domestic lithium supply chain is powering the future North American automotive market. + ENABLING A SUSTAINABLE FUTURE 29#30KEY TIMELINE Current estimates for timing of key milestones at Snow Lake Lithium™ Project 2017-18 Preliminary exploration program Q4 2021 ((())) Initial Public Offering SNOW LAKE LITHIUM Nasdaq: LITM Q4 2021 Initiate Metallurgical Studies Q4 2021 Begin Permitting & Environmental Process We are here Q4 2021 Q1 2022 2022 Q4 2022 Additional Drilling and Drone Survey Drilling 20,000m Initiate Feasibility Studies 2024 Resource Update 2024/2025 Begin Site Construct and Development Commission Commercial Mining ENABLING A SUSTAINABLE FUTURE 30#31ENGAGEMENT AND SUPPORT OF LOCAL COMMUNITY We are acutely aware of the need to respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities. As a company seeking B Corp certification this is embedded in our operating philosophy. "Snow Loke Lithium fits well within Manitoba's priorities to expand mining operations, green manufacturing and employment Dori Gingera-Beauchemin Manitoba Deputy Minister for Agriculture and Resource Development "Snow Lake Lithium will be a beneficial project not just for Snow Lake and Northern Manitoba but for the entire province. The economic potential of this exciting project is one that the Manitoba Chambers of Commerce and the Manitoba Mineral Development Fund is proud to support" Chuck Davidson President, Manitoba Chamber of Commerce SNOW LAKE LITHIUM Nasdaq: LITM "The Snow Lake Chamber of Commerce is excited for the upcoming winter drill program by Snow Lake Lithium! We have been impressed with Dale Schultz and his team from the beginning and would love to see one of the world's most sought after minerals being mined in our community!" Gerard Lamontagne President, Snow Lake Chamber of Commerce ENABLING A SUSTAINABLE FUTURE + 31#32EXPERIENCED AND PURPOSE-LED LEADERSHIP With 100 years of combined mining industry knowledge Philip Gross CEO & Board Member . . ▪ Globally recognised mining sector leader with more than 20 years experience in leading resources and mining operations Expert knowledge and relationships with global commodities and supply chain management firms Current external positions include CIO at Temple Asset Management, a leader in resource development and investment Previously the CEO of Royal Standard Minerals. a public gold producer Derek Knight Secretary and coo SNOW LAKE LITHIUM Nasdaq: LITM Operations focused executive with more than 15 years experience in construction and project management in large industrial environments Most recently held position. of COO and Vice President of Operations for an operating quarry Early career included time with Jacobs and Unilever as a Maintenance Planner and continuous improvement lead Holds several professional trade licenses Dale Schultz (P Geo.) VP Resource Dev & Board Member Veteran exploration and mining expert with a career spanning 30 years Geological work at multiple mines including Echo Bay Lupin, Claude Resources. Seabee. Battle Mountain Hemlo Camp. Battle Mountain Kori Kollo Local knowledge from TVX New Britannia in Snow Lake Manitoba International consulting experience in Bolivia, Ecuador, Mexico, Columbia, Peru, Paraguay, Honduras, Haiti, and Myanmar Keith Li (CPA, CA) Senior finance executive with over 15 years experience providing executive level financial services to public companies IFRS compliant financial statements and MD&A Previously held senior finance roles in the mining industry at Jubilee Gold Exploration and US Critical Metals Corp Fluent oral and written skills in English, French & Chinese Adam Savitz Independent ESG Advisor Purpose-driven and highly networked cross-functional ESG leader, with 16 years of global experience inspiring CEOs and companies across sectors. to design, build and execute pioneering ESG strategies Advised mining companies around the world. Previously held positions with PwC (Sustainability and Climate Change team) and as an ESG analyst at Innovest (now MSCI ESG) modelling sustainability data. Brian Youngs (C. Tech.) VP Exploration ■ · . Leading mining consultant and Field Manager with more than 20 years experience specialising in new mining operations 10 years as a senior airborne geophysics technician with Geotech Ltd Board member at Garnet Gold and lead technical advisor to Temagami Gold Inc. (Progenitor Metals) Member of Ontario Association of Certified Engineering Technicians and Technologists + ENABLING A SUSTAINABLE FUTURE 32#33EXPERIENCED AND PURPOSE-LED LEADERSHIP Independent Board Members Hadassah Slater Independent Board Member . A director since October 2021. Hadassah Slater brings with her 10 years of leadership experience as President of Board of Directors for a large Canadian non-for-profit company. Ms Slater has created a $33 million dollar non- profil centre in Toronto, Canada using various government and private charitable funds and grants. Her latest project created an endowment fund for this NFP with plans of future exponential growth. Her broad experience in strategic business direction, employee leadership, government lobbying, and investor relations is valuable. SNOW LAKE LITHIUM Nasdaq: LITM Nachum Labkowski Independent Board Member ▪ I A director since November 2018, Nachum Labkowski is currently the Chief Executive Officer and principal investor in Halevi Enterprises, a private equity firm which he founded in 2010 that holds equity in more than 30 private companies and invests in real estate worldwide Mr. Labkowski's unique approach to investing has provided significant returns from those companies he has invested in to date. Allan Engel Independent Board Member A director since September 2021. Allan Engel has three decades experience in managing investments on behalf of private and family trusts in the United Kingdom, Europe and Israel. Since 2014 he has built up a portfolio of investments in the UK concentrating mainly on real estate, but also publishing and broadcast media. " + ENABLING A SUSTAINABLE FUTURE 33#34BALANCE SHEET, CAP TABLE AND USE OF PROCEEDS Cash Balance: CAD $19.955.558 (US $14,803,826) - as of 9/23/2022 Management Ownership (-12%) Use of Proceeds: Resource development activities, technical studies and reports, working capital and general corporate purposes SNOW LAKE LITHIUM Nasdaq: LITM Cap Table (as of 9/23/2022) Common Stock Outstanding Warrants (WAEP: $2.92)* Options (WAEP: $5.68)" Fully Diluted 17.924.758 821,106 1.582.407 20.328.271 "WAEP shown are in approximate US$ amounts using Dec 30, 2021 FX rate of $1.2777 CAD to $1 USD + ENABLING A SUSTAINABLE FUTURE 34#35GOVERNMENT AND COMMUNITY PARTNERS FUNDING MMDF NORTHERN POSSIBILITIES invest investir AU- CANADA CANADA SNOW LAKE LITHIUM Nasdaq: LITM Commun CEDF onomic Development Fund CENTREPORT CANADA TOWN OF SNOW LAKE Manitoba MANITOBA CHAMBERS OF COMMERCE THE SNOW LAKE MOTOR INN & GOLD RUSHI MOTEL + ENABLING A SUSTAINABLE FUTURE 35#36PROFESSIONAL PARTNERS SGS meglab Manitoba BIGICE SLR SERVICES ARCTIC GATEWAY BEVILACQUA Epiroc SNOW LAKE LITHIUM Nasdaq: LITM DEVISSERGRAY LLY CHARTERED PROFESSIONAL ACCOUNTANTS TD S FORAGE BRL DRILLING 705-471-3428 QB DRILLING BOGE BOGE ThinkEquity! Member of NYSE FINRA-SIPC Xearthex NEOPHYSICAL SOLUTIONS INC PRIMERO -+ ENABLING A SUSTAINABLE FUTURE#37SNOW LAKE LITHIUM NEWS SNAPSHOT Snow Lake Lithium is developing the world's first all-electric lithium mine to support EV industry in North America Elektrek February 2022 From Rock to Road Auto Motor Sport, February 2022 North America's First Lithium Mine Will Be Powered By Renewable Energy News Week. February 2022 A gigantic lithium deposit discovered in Canada MSN September 2022 SNOW LAKE + LITHIUM Nasdaq: LITM World's First All-Electric Lithium Mine Will Help Build Cheaper EVs In North America Carbuzz February 2022 Snow Lake Lithium to develop world's first all-electric Lithium mine Renewable Energy Magazine, February 2022 Snow Lake To Supply Enough Lithium For 5 Million Electric Car Batteries Over 10 Years Clean Technica. September 2022 SNOW LAKE LITHIUM™ Canadian lithium may prove pivotal in US electrification Autocar. September 2022 From Rock to Road ⒸLG Energy Solution Auto Motor Sport, February 2022 Snow Lake Lithium is developing the world's first all- electric lithium support EV industry in North America Daily Advent, February 2022 Company Behind Lithium Mining Site In Canada Says It Could Power 5 Million New EVs Car Scoops September 2022 Lithium deposit of 500,000 electric cars a year discovered in Canada Inside EVs. September 2022 Global media coverage to date: More than 200 articles reaching an audience of 5 billion people ENABLING A SUSTAINABLE FUTURE -+ 37#38APPENDIX THE GEOLOGY SNOW LAKE LITHIUM Nasdaq: LITM -+ ENABLING A SUSTAINABLE FUTURE 38#39PEGMATITES TYPICALLY OCCUR IN CLUSTERS Overview of lithium pegmatite deposit geology Pegmatites do not form in isolation: they typically occur as members of larger populations of cogenetic bodies numbering tens to hundreds and occupying a few tens of square kilometres, or districts. At the district scale, pegmatites typically display mineralogical and geochemical zonation that is broadly concentric surrounding an exposed or inferred granitic pluton. Lithium pegmatite dykes account for about one-fourth of the world's lithium production and are a distinct class of mineral deposits. Pegmatite dykes are late stage igneous rocks characterized by distinctive textures and massive crystals that may range up to several metres in size. Pegmatites tend to be intruded into shallow crustal depths along anisotropies such as faults, fractures, foliation, and bedding. SNOW LAKE LITHIUM Nasdaq: LITM The lithium enriched Thompson Brothers (TB) and Sherritt Gordon (SG) pegmatite dyke clusters occur on either side of the Crowduck Bay Fault that bisects Snow Lake's Property. 960 0 het EXPLANATION Mataryas country rock Grants Pegatiti grat Pegatite Boundary between unes al Fall Lime of mester of pegmat **** នៅមុន cum y Parental granite + ENABLING A SUSTAINABLE FUTURE 39#40THOMPSON BROTHERS LITHIUM PEGMATITE DYKE CLUSTER Thompson Brothers Lithium Pegmatite Dyke Cluster The Thompson Brothers Lithium deposit represents only one of several lithium- enriched pegmatite dykes forming a cluster associated with the Crowduck Bay Fault The deposit was drilled in 2017/18 and results have confirmed the resource potential of the lithium deposit. Over 8,100m of drilling occurred on TBL in 2022. which has not yet formed part of a resource estimate. The lithium mineralization occurs as spodumene, a coarse grained, green mineral. rich in lithium- LIAL (SIO3)₂ SNOW LAKE LITHIUM Nasdaq: LITM HẠM 16.1.1 Pe An CATALUNT FOR PA TB-1 MANOR H W **** 2 Co 1 TB-3 2 + Ch E Sense TO Drill Hole Location Map Thompson Brothers Lithium Project Snow Lake, Manitoba BAR H TB-2 SNOW LAKE LITHIUM THI + ENABLING A SUSTAINABLE FUTURE 40#41THOMPSON BROTHERS LITHIUM DEPOSIT Spodumene (Li₂O) Pegmatite from TBL E 200 m 1000 m L-007 1000 m Section 1100 TBL-004 TOLOO TAL-222 100 m 1200 m THL401 TUL-005 TBL421 1200 m SNOW LAKE LITHIUM Nasdaq: LITM TOL-4% 14 TEL-018 30 1400 m TUL-019 TBL-079 1400 m 2 TB-1 THE RE • THL-424 1800 m 1600 m Legend Grade L20% 3 True Thickness (m) Food - 15 % m Gr 10% m Back TB-2 1800 m Thompson Brothers Lithium Project Longitudinal Section Leven - Dragom Pane Jahats STU LI20% Grade X True Thickness (m) Snow Lake, Manitoba DE 5% m Drill Hole Piece Point SNOW LAKE LITHIUM 1800 m 400 m 200 m -200 m The Thompson Brothers deposit has been drill tested 1 km along strike and to a vertical depth of ½ Km. The mineralization averages 7 to 10m in thickness. Drilling results have delivered consistent lithium grades, excellent widths and the mineralization remains open along strike and to depth. Potential to develop small surface starter pit on the crown pillar followed by ramp access and underground bulk mining methods. The mineralization is composed of quartz, feldspar, spodumene and micas. Deposit has no sulphide minerals MA ENABLING A SUSTAINABLE FUTURE -+ 41#42DRILLING STRATEGY TO INCREASE RESOURCE • ! Current Global Resources: 11.1 Million Tonnes at 1.0% Li₂O In 2022, over 20,000m of drilling occurred which will be used towards a resource update in Q4 2022. The deposit is open in all directions and Snow Lake is confident that the resource can be easily expanded to > 20 Mt Resource Expansion BOO 1000 Program Objectives: Complete initial resource estimate Increase confidence level of resource estimate + Expand resource limits 1000 Limits of 2018 Historical Resource Estimate 2018 Historical Resource Estimate SNOW LAKE LITHIUM Nasdaq: LITM 1400 H 1800 Resource Expansion 2017/2018 Driling Open Pit Resource Drilling 2019/2020 *UG Resource Definition Drilling 2019/2020 *UG Resource Expansion Drilling 2018/2020 100 m Snow Lake's drilling program was designed to achieve the following: Define the extensions of the deposit ■ Expand the current resource base Explore the SG dyke cluster and identify additional resources 0 -+ ENABLING A SUSTAINABLE FUTURE#43RESOURCE ESTIMATION 100 2001 jepreta and Underd 0000-0000 30-40 0400 -- -630 800-1000 01:00 11.00-12 10-140 140-10 0-100 180-200 300-500 SNOW LAKE + LITHIUM Nasdaq: LITM SW 920 metres NE Oblique View SOLUBLOKEL SNOW LAKE LITHIUM Indicated Resource of 9.08 Mt at 1.00% Li₂O and an Inferred Resource of 1.97 Mt @ 0.98% Li₂O using a 0.3% Li₂O cut-off grade ENABLING A SUSTAINABLE FUTURE +#44OUTSIDE TARGET SHERRITT GORDON CLUSTER (SG) + SG lithium pegmatite dyke cluster consists of three lithium pegmatite dykes located on the west side of the Crowduck Bay Fault The SG-1 dyke was drill tested in 1942 to a depth of 50m and the dyke remains open at depth. Drill results of 1.84% LI,O over 6.32 meters at SG The Grass River (GR) lithium pegmatite was discovered in August of 2018 by routine prospecting and is interpreted to be part of the SG lithium pegmatite dyke cluster Drill results of 3.35% Liz0 over 3 meters and widths of 5 to 6 meters. Over 9.800 meters of drilling was conducted to test the SG and GR dykes in 2022. SNOW LAKE LITHIUM Nasdaq: LITM GOREAD 6877500 04.09 5077290 BOTTOM 453400 D 50 450430 Cwm TESTNOSTRICARDO 482000 HE LINCHE ab 2.15% L120 100 Maters ***** SA SC Drill Hole Location Map Thompson Brothers Lithium Project Snow Lake, Manitoba 10-13 SO TEA 300 Grass River Pegmatite Trend SNOW LAKE LITHIUM 42000 205 Quartz Dinte 3.70% 120, 42000 60% 80-8 13.0* X 483000 SG-2 SG-1 N مواری 483/200 Quartz Diorite La Intrusive Rocks 11.82 Gal 50-2 Que todo Spodn Grabono Claim Boundary H 45000 K 10 H Grass River Narrows BITT800 677500 4077290 COLLON + ENABLING A SUSTAINABLE FUTURE 44#45FEASIBILITY STUDIES HAVE BEGUN valame + th wwwgbely 3.5 5 3.5 10 km D SNOW LAKE LITHIUM Nasdaq: LITM MIN a Haki SNOW LAKE LITHIUM SNOW LAKE LITHIUM + Thompson Brothers thProject Snow Loke. M February, 20 Coor. S NADETHAN Author: Fran App By D A5000 45000 450000 + 450000 Water Supply beration Taikos pinpolandment MOT Mine Layout 480000 465000 Power Line Concentrate Pipeline Fresh Water Line Snow Lake Trail Ice Road Les Application 2.5 + 5 km 445000 Feasibility Process Has Begun Environmental Baseline Study Has Begun + ENABLING A SUSTAINABLE FUTURE 45#46SNOW LAKE 4 LITHIUM Contact: Investor Relations Snow Lake Resources Ltd.. d/b/a Snow Lake Lithium Ltd. email [email protected] twitter: @SnowLakeLithium website: snowlakelithium.com SNOW LAKE LITHIUM Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 46