Far Resources Acquires 26% of BattMat USA, Securing Increased and Guaranteed Rights to Any Future Revenues from Battery Technology Incubator. - Seite 2

As long as required minimum payments are made to EBP by BMUSA, BMUSA will continue to have a first right to advance, license and commercialize technologies and products from EBP benefitting Far as its shareholder. If Far declines to provide required financing, BMUSA can proceed to obtain financing from third parties.

EBP President and CTO, Lee Wheelbarger remarked: “Reliable funding is critical to the development of the EBP products, allowing us to focus more on product development and less on financing. Working with Far, BM and the groups they bring to the table has been invaluable in developing the VAB Controller for the benefit of Far and EBP, and we only see the benefits of this relationship growing.”

Far also announces that Mr. Eddy Yu is stepping down as the company’s Chief Financial Officer for personal reasons. Eddy joined the team to assist with the company’s turnaround and restructuring over the last year. Far would like to thank Eddy for his hard work and wishes him well in future endeavours.

For and on behalf of the Board

Toby Mayo
President and CEO

About Far

Far Resources Ltd. is a Canadian battery and technology metals exploration and development company with lithium exploration projects in Canada and the USA. In Canada, Far is advancing its Zoro Lithium Project, located in the mining-friendly Snow Lake region of Manitoba. Zoro covers numerous known lithium pegmatite dykes and hosts the company’s 1.1 million tonne resource (0.93% Li₂O at a 0.3% cutoff), plus an additional fifty targets. The company also holds a 60% stake in the Hidden Lake Lithium Project in Northwest Territories. In the USA, the company owns the Winston Project in New Mexico, a historic mining property with potential for bonanza-grade silver and gold.

More information is available at Far’s website: www.farresources.com.

About BattMat

BattMat Technologies Inc. is dedicated to capitalizing on the advancement of battery-focused technologies and applications, including systems for distributed power, marine power and energy storage. More information is available at BattMat’s website: www.battmat.com.

About Electric Blue Power

Electric Blue Power, LLC operates the all-electric vessel Electric Blue Yacht and is developing the VAB Controller and other related designs of inventor Lee Wheelbarger. You can read more about EBP at www.electricbluepower.com.

Information Contact

L. Frank Anderson, Director
Far Resources Ltd.
[phone]

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Forward Looking Statements

This news release may contain forward-looking statements, which relate to future events or future performance, including planned exploration, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.