Ann: Sepeda Lithium Project Update on Phase Three Drilling, page-10

1. Once they know the answer to the bold below, we will see a SP shift, whether good or bad.
   Dakota Minerals CEO David Frances commented: “The Company continues to progress Sepeda rapidly towards a decision to develop. Dakota is in a very strong position with the cash reserves to accelerate work at Sepeda by deploying four drill rigs to expedite and deliver the information required for full feasibility studies at Sepeda”. “The Dakota team continues to deliver on its milestones with the maiden Mineral Resource statement completed ahead of schedule while defining the largest JORC lithium pegmatite resource in Europe” Frances said.