Drilling At The Galvani Target In Brazil

TORONTO - Lithium Ionic Corp. reported excellent initial drilling results from the Galvani claims, on which it is currently conducting a due diligence review following the recently announced binding asset purchase agreement. The Company also reports new drill results from Area 1 of its Itinga Project. The Galvani claims, as well as its neighboring Itinga Lithium Project are located in the state of Minas Gerais, Brazil.

Blake Hylands, Chief Executive Officer, said, “The Outro Lado showing at the Galvani Project Area has shown extremely interesting surface results from historic channels and drilling, and we have now been able to step back from known drill holes and show even better grades and widths than what had initially drawn us to potentially acquire the area. The team is doing excellent work to better understand this structurally complex area and we look forward to continued success as we add exploration resolution through drilling and mapping.”

The Company is currently undertaking a 900 meter (7 hole) drill program as well as an extensive trenching program on and in proximity to a ~0.7km strike pegmatite on the Galvani claims, as part of its 90-day due diligence review following the purchase agreement. The exploration program was designed to confirm historic drilling and determine the structural controls of the mineralized pegmatites, including its orientation with up and down dip testing. Excellent initial drill results reported today of 1.57% Li2O over 24.93m, incl. 2.10% Li2O over 7.45m, are consistent with some of the significant historic drill results which cover a roughly one-kilometer including 1.62% Li2O over 20.25m and 1.78% Li2O over 12m.