Plateau Energy Metals expands Environmental Baseline Study to include Falchani Lithium Discovery area - Streamlined Permitting for future Lithium Production under Peruvian Legislation

Plateau Energy Metals Inc. / Plateau Energy Metals expands Environmental Baseline Study to include Falchani Lithium Discovery area - Streamlined Permitting for future Lithium Production under Peruvian Legislation . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

TORONTO, June 04, 2018 (GLOBE NEWSWIRE) -- Plateau Energy Metals Inc. ("Plateau" "PLU" or the "Company") (TSX VENTURE:PLU) (FRANKFURT:QG1) (OTCQB:PLUUF), a lithium and uranium exploration and development company, is pleased to announce the inclusion of the new Falchani Lithium discovery area into the on-going, now expanded, Environmental Baseline Study for the Macusani lithium and uranium projects in southeastern Peru. The expanded baseline study has been submitted and accepted by the Peruvian Government Agency SENACE, and the local affected Andean communities. The independent work is being conducted by environmental engineering group, ACOMISA.

Highlights

• Baseline Study undertaken by ACOMISA, a Lima-based environmental consulting company. The Baseline Study now covers the affected areas belonging to the communities of Isivilla, Tantamaco, Corani, Chimboya and Paquaje, and Chaccaconiza, where the current exploration resource drilling continues at Falchani and the Uranium-only PEA delineated resource areas and proposed processing footprint is to be established.
• This expanded Baseline Study lodged with SENACE continues the previous environmental monitoring that was started by the Company in 2010 during the exploration phase of work.
• The study now includes potential future Lithium production permitting work at Falchani, which is significant, as lithium is treated as a "non-metal" under Peruvian legislation, and therefore permitting is notably streamlined.
• The study includes community relations and impacts of future development, as well as flora, fauna, water, air and noise sampling and comprehensive archeological studies.
• SENACE has indicated that the work has been carried our satisfactorily and to the standards set by the Environmental Ministry in Peru with acceptance by SENACE and all affected communities.
• This next phase is to commence the larger Environmental Impact Assessment programme (EIA), which has a minimum 6 to 12 months defined period of studies before submission to the government for the approval of an application in order to obtain an environmental operating license in accordance with current Peruvian environmental legislation.

Ted O'Connor, CEO of Plateau Uranium, commented: "We are extremely pleased to have expanded the Baseline study to include Falchani Lithium project area and that we have received the green light to move towards the initial EIA work. This work has commenced with ACOMISA personnel in the field for the periodic, multi-disciplinary sampling and community work. The timeframes of 6 to 12 months for permitting non-metal mining operations are in line with our expectation to have this project "production-ready" by the end of 2020. We are well into our Baseline Study work on the existing uranium resource project areas, which have a permitting runway of 18-24 months, so these too, remain along similar timing paths.