DGAP-News

International Lithium Corp. Options Raleigh Lithium Pegmatite Project, Ontario To Strategic Partner Pioneer Resources Limited - Seite 2

One from 1999 to 2001 focussed on tantalum, while the second in 2010 was
expanded to encompass lithium. These exploration campaigns included
mapping, lithogeochemistry, trenching (1500m) and diamond core drilling
(2817.5m in 17 holes) resulting in the identification of several
substantial pegmatites and numerous smaller ones (see Company news release
dated March 23, 2016 for additional details).

Highlights of previously reported drill intercepts at Raleigh are
summarized in the table below. The pegmatites are moderately dipping and
appear to flatten at depth.

Hole ID From To Width Li2O %
(metres) (metres) (metres)
RL99-05 108.95 115.40 6.45 1.62
incl 108.95 111.20 2.35 2.39
RL10-01 28.30 33.00 4.70 1.81
incl 29.80 32.00 2.20 2.37
154.30 161.00 6.70 1.14
incl 159.00 160.00 1.00 2.86
RL10-02 84.00 93.00 9.00 2.80
RL10-03 103.05 109.00 5.95 1.64
RL10-05 24.40 34.00 9.60 1.03
RL10-06 123.00 128.70 5.70 1.03

All widths in drill core are drill widths and have not been adjusted to
true widths. Grab samples are by nature selective and may not be
representative of geological units. Therefore, they should not be relied
upon. The Company has not yet been able to confirm historical results
compiled from assessment reports and news releases filed by previous
operators.

[image:
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Figure 1: Core samples from previously reported drill intercepts at Raleigh

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Mapping and litho-geochemical sampling indicate a pegmatite belt at least 5
km in length with evidence of highly fractionated pegmatites hosting a
variety of rare metals. Additional pegmatites identified by surface
exploration exhibiting significant tantalum, lithium and rubidium anomalies
have yet to be drill tested.

The Upper Canada Lithium Pool

The close proximity of the Mavis and Raleigh projects presents clear
strategic and operational advantages. ILC is pursuing lithium prospects
with reported high grades in this region and seeking to consolidate them
with the aim to identify sufficient resources in multiple prospects to
potentially feed a common processing facility. The Upper Canada Lithium
Pool is the anticipated geographical consolidation of projects and
partnered companies hosting amenable grade, volume, access and
infrastructure in order to mitigate the financial burden on any one company
when advancing specific projects to reach this goal.

John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101
and has supervised preparation of the technical information contained in