Metalite Resources Announces Resignation of Dale Schultz from Board of Directors

TORONTO, August 30, 2023 - Metalite Resources Inc. (CSE:METL)(OTC:JNCCF) (Frankfurt:5VHA) ("Metalite" or the "Company") announces that Dale Schultz has resigned from the board of directors of the Company for health reasons.

"On behalf of entire Metalite team we extend our heartfelt appreciation to Dale for his invaluable contributions to the Company and we wish him a speedy recovery," stated CEO David Melling.

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian junior mineral exploration issuer with battery metals-focused ground in Liberia, West Africa and a precious metals-focused project in NSW, Australia. along with various indicator minerals that occur along with these precious metals.

For further information please contact:

Ryan Bilodeau
(416) 910-1440
info@metaliteresources.com

To learn more, please visit https://www.metaliteresources.com/.

Forward-Looking Statements

This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Metalite believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate, "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Metalite based on information currently available to Metalite. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Metalite to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Metalite. Forward looking statements in this press release include statements regarding the Company's plans for its Liberian assets as well as potential transactions in other jurisdictions. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world mineral commodity markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Metalite disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Metalite believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release

SOURCE: Metalite Resources Inc.