Bacanora Announces Sonora Lithium Project Drilling Program and Updated Results

CALGARY, ALBERTA--(Marketwired - Aug. 31, 2015) - BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN)(AIM:BCN), the London and Canadian listed (AIM: BCN and TSX-V: BCN) lithium and borates company focused on Mexico, is pleased to announce that it has mobilized a second drilling rig to site and also provides an update on the drilling program currently being undertaken as part of the pre-feasibility study ("PFS") at its Sonora Lithium Project¹ in Mexico.

Bacanora has now completed nine holes (totaling 1,850 metres) of the currently planned 18 hole drilling program (approximately 4,000 metres). As a result of the Company's recent agreement with Tesla Motors, a second rig has been mobilized to site to increase the speed of drilling, with the intention to complete the remaining holes in September 2015.

Analyses received from the first four holes from the Fleur concession indicate that weighted averages for lithium content in the Upper Clay is 1,862 ppm Li over 24.15 metres in thickness and the Lower Clay averages 4,871 ppm Li over 24.15 metres. The thickness in metres and grades of the significant lithium intersections are shown in Table 1 as follows:

¹ The Sonora Lithium Project is comprised of the following lithium properties: La Ventana lithium concession, which is 100 percent owned by Bacanora; El Sauz and Fleur concessions, which are held by Mexilit S.A. de C.V. ("Mexilit"); and the Megalit concession, which is held by Megalit S.A de C.V ("Megalit"). Mexilit and Megalit are owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals, plc.

TABLE 1: Significant Lithium drilling intersections - Sonora Lithium Project (Fleur Concession)

Drill hole	Upper Clay (m)	Li (ppm)	%LCE*	Lower Clay (m)	Li (ppm)	%LCE*
ES-44	31.01	2,127	1.13	15.54	5,032	2.68
ES-45	N/D	Nil	Nil	14.17	4,503	2.4
ES-46	24.74	1,918	1.02	15.98	4,605	2.45
ES-47	16.71	1,287	0.69	25.53	5,145	2.74

Note: N/D means not detected