Discovery Lithium Grants Options
Discovery Lithium Grants Op�ons
Vancouver, Bri�sh Columbia, Canada, October 16, 2023 – Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (the “Company” or “Discovery Lithium”) announces the grant of 550,000 incen�ve stock op�ons (the “Op�ons”) to certain directors of the Company, with each Op�on exercisable to acquire one common share of the Company at a price of $0.51 per share. The Op�ons are exercisable for a period of five years from the date of grant and vest immediately.
On behalf of the Board of Directors,
Michael Gheyle
President & Chief Execu�ve Officer
The Company would like to welcome investors to visit our website and join our mailing list at www.discoverylithium.com/news-alerts/. By subscribing you will stay up to date with the latest news releases and advancements within our company.
About Discovery Lithium (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0)
Discovery Lithium Inc. is a Canadian explora�on company focused on advancing mineral resource projects in North America. The Company holds a 100% interest in 1,675 mineral claims in Serindac Lake and 2,113 mineral claims in Vaubert Lake for a combined total of approximately 164,283 hectares (~405,952 acres) located in the Nunavik region of Northern Quebec, and with a further total of 303 mineral claims comprising approximately 16,392 hectares (~40,505.5 acres) iden�fied as the Route De Nord, Lac Belanger, Lac Ferland and Lac Roberston proper�es located across the northern and eastern regions of Québec including the prolific lithium district of the James Bay region. Addi�onally, the Company is ac�vely advancing its ESN Project for gold explora�on in Nevada and evalua�ng the Koster Dam Project in Central Bri�sh Columbia through a joint venture with Cariboo Rose Resources. Find out more at: www.discoverylithium.com and follow us on X (formerly twi�er), Facebook, and LinkedIn.
For further informa�on, please contact:
Discovery Lithium Inc.
1450 - 789 West Pender Street, Vancouver, BC Canada V6C 1H2 Telephone: +1 (778) 868-2226 Email: [email protected] Web: www.discoverylithium.com
Cau�on Regarding Forward-Looking Informa�on
This news release contains "forward-looking informa�on" and "forward-looking statements" (collec�vely, "forward looking statements") within the meaning of the applicable Canadian securi�es legisla�on. All statements, other than statements of historical fact, are forward-looking statements and are based on expecta�ons, es�mates and projec�ons as at the date of this news release. Forward-looking statements are o�en iden�fied by terms such as “will”, “may”, “should”, “an�cipate”, “expects”, “intends” and other similar expressions.
These forward-looking statements are based on reasonable assump�ons and es�mates of management of the Company at the �me such statements were made. Actual future results may differ materially as forward looking statements involve known and unknown risks, uncertain�es and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: changes in the debt or equity market condi�ons, delays in obtaining required regulatory approvals, fluctua�ons in commodity prices, and other risks detailed from �me to �me in the con�nuous disclosure filings made by the Company with securi�es regulators. Although the forwardlooking statements contained in this news release are based upon what management of the Company believes, or believed at the �me, to be reasonable assump�ons, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as an�cipated, es�mated or intended. Readers should not place undue reliance on the forward-looking statements and informa�on contained in this news release. The Company assumes no obliga�on to update the forward-looking statements of beliefs, opinions, projec�ons, or other factors, should they change, except as required by law.
No stock exchange, securi�es commission or other regulatory authority has approved or disapproved the informa�on contained herein.