Drilling Permits Received For Salar Escondido Project

VANCOUVER, BC - NRG Metals Inc. has received permits to drill the Salar Escondido lithium project in Catamarca province, Argentina. The Salar Escondido project comprises mining concessions totaling approximately 72,100 acres located 280 km southeast of the provincial capital of Catamarca. Salar Escondido is a large basin, roughly 20 by 40 kilometers in size, which is mostly covered by a series of overlapping alluvial fans.  NRG’s technical team believes that a large salar with an area of at least 700 km 2 developed in the basin about 2 million years ago.  After the salar was formed, it was buried by coalescing alluvial fans, and it is thus considered to be a “paleo-salar”.  Hence the name Salar Escondido, which means “hidden salar” in Spanish.

Only a small portion of the original brine salar is presently exposed at surface in a small saline lake in the southwest portion of the basin.  The brine in the lake contains anomalous lithium values.