Option To Acquire Ackley Li-Sn-Mo-REE Property In Newfoundland

TORONTO - Caprock Mining Corp. has entered into a binding option agreement to acquire the Ackley Lithium-Tin-Molybdenum-REE property located in south-eastern Newfoundland, from Dean Fraser. Ackley comprises three claim blocks that collectively span an area of 4,550 hectares located less than two hours' drive from St. John's. The claim blocks overlie portions of the contact zone of a large Devonian-aged granite complex with Proterozoic metasediments and volcanics, parts of which are "greisened", or hydrothermally altered.

Recent magnetometer survey work over part of the Main claim block indicates that the altered contact zone may be extensive, covering several square kilometers. Recent limited prospect sampling and historical Esso trenches across the Main claim block returned assays of up to 0.91% lithium dioxide, 5.0% molybdenum, 0.67% tin and 1-5% fluorine on surface. Newfoundland government survey maps of this region report some of the highest lake sediment values for REE's on the entire island.

President & CEO, Vishal Gupta, said, "High-grade lithium, molybdenum and tin mineralization on surface, a large prospective alteration halo spanning several square kilometers, and its location in a mining-friendly jurisdiction, are some of the characteristics that attracted us to Ackley. The opportunity to add this lithium-focused Property to our existing portfolio of precious metals properties in Ontario provides Caprock's shareholders an incredible optionality in today's turbulent commodity markets."