Maiden Resource At The Tolillar Project In Argentina

VANCOUVER - Alpha Lithium Corporation reported a maiden – but preliminary – lithium (“Li”) and potassium (“K”) resource statement for its Tolillar brine project in the Salta province of Argentina. The resource estimate includes 2,119,000 tonnes of indicated, and 1,158,000 tonnes of inferred, lithium carbonate (“Li2CO3”) equivalent (“LCE”). The resource estimate also includes 7,387,000 tonnes of potassium equivalent (“KCl”) in the indicated category and a further 4,786,000 tonnes of KCl in the inferred category.

Brad Nichol, President, and CEO, said, “We are very excited to see a robust NI 43-101 resource estimate from our hydrogeological consultants. We expect to expand this resource by drilling (i) deeper, as we haven’t reached basement rock, (ii) laterally, as we have not drilled anywhere near the extents of the salar, and (iii) through increased lithium grades, as we continually improve our understanding of the salar’s hydrodynamics. Importantly, the Company now has a strong, albeit preliminary, resource estimate in place that will allow us to proceed with our planned Economic Assessment. Since closing the recent bought deal financing and increasing our cash reserves to over $45 million, we are confidently advancing Tolillar to the next level.”