Bacanora Announces Sonora Lithium Project Drilling Program and Updated Results - Seite 2

* LCE = lithium carbonate (Li₂CO₃) Equivalent: determined by multiplying Li value in percent by 5.324 to get an equivalent Li₂CO₃ value in percent. Use of LCE is to provide data comparable with industry reports and assumes complete conversion of lithium in clays with no recovery or process losses.

The program is primarily focused on significantly increasing the Indicated Mineral Resources within the Sonora Lithium Project, as well as testing whether the high grades and near surface mineralisation identified at the La Ventana concession continue into the northern area of the Fleur concession, which immediately adjoins La Ventana to the south. The Company's resource was recently updated by SRK Consulting (UK) Limited ("SRK") to:

• Indicated resources of 1.14 million tonnes ("Mt") lithium carbonate equivalent ("LCE") contained in 95Mt of clay, at lithium ("Li") grade of 2,200 ppm
• Inferred resources of 6.3Mt LCE contained in 500 Mt of clay at a Li grade of 2,300 ppm

For further details, investors are encouraged to reference the Company's press releases dated May 13 and June 26, 2015 and/or the SRK's report that was filed on May 13, 2015 and is accessible on the Company's website.

Upon completion of the drill program and assaying, SRK will deliver an updated resource model for mine design purposes, with an initial focus on the higher grade, open pit resources on the La Ventana and Fleur concessions.

Peter Secker, CEO of Bacanora, commented, "Drilling is progressing very positively and with a second rig about to arrive on site, we expect to complete this program rapidly. This campaign will form a critical component of our pre-feasibility study and it is our hope and expectation that, upon completion of drilling, we will have sufficient data to update and upgrade our resources to advance the mine design."

The pre-feasibility study ("PFS") for the Sonora Lithium Project in Mexico is ongoing, with metallurgical testwork, mine design and process engineering proceeding according to schedule and due to be reported in Q1, 2016.

Martin Vidal is the Qualified Person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the AIM Note for Mining and Oil and Gas Companies who has reviewed and approved the technical contents of this news release.

ABOUT BACANORA:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are: