Discovery Lithium Provides Corporate Update - Seite 2

World renowned Canadian prospector Shawn Ryan serves Discovery Lithium as a forcefully credible proponent for the region and its potential. His efforts encompass extensive research using a combination of sources including Quebec Ministère des Resources naturelles et des Forêts province-wide lake sediment sample data sets and associated regional geochemical and geological sampling and mapping. His studies led him to conclude the region offers excellent district-scale lithium prospects.

Discovery Lithium’s extensive claim holdings are located directly upon some of the highest lake bottom sediment anomalies in the entire province. The data represents 99^th percentile lithium and cesium as identified in the official Quebec government ministry database (Figure 1).

Figure 1. Lithium lake sediment samples of the Nunavik region.
Source: Ministere des Ressources naturelles et des Forets.

The Quebec governments' previous geological and geochemical work identified numerous pegmatites in the area. However, the focus of this work was reconnaissance geological mapping with no focus on sampling for rare elements. Using the historic data and known locations of unsampled pegmatites, Discovery Lithium can expedite its search for lithium-bearing pegmatites.

Early-stage assessments of available historic regional data posit geological parameters that reinforce the region as an excellent location for rare-element pegmatites including favourable lithological rock-types and structural interpretation of regional magnetics which are coincident with very high lithium, cesium, and rubidium lake sediment samples. Additionally, nickel mining activities in the region demonstrate the region is “mining-friendly” and capable of sustaining successful and profitable large-scale production of minerals and metals. Furthermore, the Quebec government’s Société du Plan Nord is mandated to promote investment in northern development which includes energy and mineral resources coupled with transportation infrastructure.

As announced recently, the Company’s common shares trade on the Canadian Securities Exchange under the symbol “DCLI” and on the OTC under the symbol “DCLIF”. The Company’s symbol is “OJ5” on the Frankfurt Stock Exchange in Germany. The CUSIP number for the common shares is 25472M107 and the ISIN is CA25472M1077.

Qualified Person; Historical Estimates
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., (OGQ # 1971) who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.