Avalon Advanced Materials Further Intersects 1.54% Li2O over 136.95 meters at Big Whopper Deposit, Separation Rapids JV

Date:

Toronto, Ontario–(Newsfile Corp. – August 19, 2024) – Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (“Avalon” or the “Company”), in conjunction with its Joint-Venture (“JV”) partner SCR-Sibelco NV (“Sibelco“), is pleased to report the second and final batch of drill results for the 2024 winter drill campaign (which totaled 10 holes) from the Separation Rapids Project in Kenora, Ontario (the “Project”). See Figure 1. The 2024 winter drill campaign was conducted by the Joint Venture Company Separation Rapids Ltd., which is 60% owned by Sibelco and 40% owned by Avalon.

The results represent 199 assay results from 5 diamond drill holes completed as part of the 2024 expansion and infill drill campaign at the current 750m strike length Big Whopper Deposit (See Figure 2). The drill program was intended to upgrade the 2023 Mineral Resource Estimation classification as well as to expand the mineral resources.

Drill Highlights…

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