Kulyk Lake is a Rare-Earth – Uranium drill-ready target.

• Over 50 rare earth and uranium targets in 268.3 sq km of claims including Kulyk Lake and Daly Lake claims
• Drill targets at Fanta Rare Earth and Eldorado Uranium zones.

• Fanta is a surface Rare Earth target with grab and trench results including
  • 56.18% TREO including 12.49% (“CREO”) in grab sample AGKJR001
  • 30.6% TREO including 6.82% CREO in grab sample AGKJR002
  • 19.04% TREO including 4.21% CREO in channel sample AGKJR003.

• Eldorado is a surface uranium target with trench results including
  • 0.785% U3O8 over 1.1 m
  • 0.284% U3O8 over 1.1 m
• 2022 prospecting returned grab samples of 0.95% and 0.85% Total Rare Earth Oxides (“TREO”) from the 3-km thorium anomaly.
• Acquired by staking, Searchlight holds 100% ownership, no royalties.
• Claims are located in the Wollaston Domain which hosts the highest-grade operating Uranium mines in the world and has untapped potential for Rare Earth deposits.