Coloured Ties Subsidiary Quebec Pegmatite Corp. Options Vieux Comptoir Lithium Property to Superior Mining International

Vancouver, British Columbia–(Newsfile Corp. – December 7, 2022) – Coloured Ties Capital Inc. (TSXV: TIE) (the “Company”) is very pleased to announce its subsidiary, Quebec Pegmatite Corp. (“QPC”) has entered into an option agreement with Superior Mining International Corporation (“Superior”), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the “Property”) in certain circumstances. The Vieux Comptoir Lithium Property was acquired to explore for lithium and is located in the James Bay Region, Quebec, over rocks of the prospective Vieux Comptoir Granitic Suite, along the strike from Winsome Resources, Adina Project and Patriot Battery Metals Corvette Project. The Property is an early-stage exploration opportunity, comprising of a total of 333 Quebec mineral exploration claims, which amount to a total of 17,079.2 hectares or 170 square kilometers.

Vieux Comptoir Lithium Property Highlights:

The Vieux Comptoir Property is located in the James Bay region on Quebec, in the La Grande sub-province of the Superior Province. The Property encompasses lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been identified on the Property. Regionally, the Vieux Comptoir Granitic Suite is known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene.

The Property is located along the La Grande Greenstone Belt trend. The Corvette Shear Zone passes through the Property and such regional structures are known to focus pegmatite emplacement in the surrounding district.

The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Property is adjacent to established lithium pegmatite occurrences and active successful projects:

• Approximately 45 km east of Patriot Battery Metals Corvette Project where numerous Spodumene bearing pegmatites have been discovered, and recent drilling includes intersections up to 1.25% Li²O and 194 ppm Ta²O⁵ over 58.1 m.

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Figure 2: Map of Quebec Pegmatite Vieux Comptoir Lithium Property

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/8431/147102_7442442ac4f4e998_002full.jpg.

Qualified Person: Luke van der Meer (P.Geo) is a consultant to the company, is a Qualified Person as defined by National Instrument 43-101 guidelines – Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed the technical information of this news release.

ABOUT QUEBEC PEGMATITE CORP.:

QPC is a subsidiary of Coloured Ties Capital and holds 100% interest the Vieux Comptoir Lithium Property is spans 170 square kilometers near Patriot Battery Metals, Corvette Lithium Discovery and Winsome Resources, Adina Lithium Discovery as well as several other public company early stage exploration projects. QPC also holds 100% interest in the Mazerac Lithium Property which spams 550 Hectares or 55 Square Kilometers and is surrounded by Winsome Resources Mazerac project and as well as several other public company exploration projects prospective for lithium.

About Coloured Ties Capital Inc.(TSXV: TIE):

Coloured Ties Capital is an investment issuer that invests in early stage opportunities across mineral exploration, technology, agriculture and other emerging economic opportunities. Coloured Ties currently holds 1,920,000 share of Patriot Battery Metals and other liquid investments in public and private enterprises.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.

For further information please contact:

Kal Malhi- CEO
kal@bullruncapital.ca
Cell:604-805-4602

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147102