Megawatt Completes Fieldwork at Arctic Fox and Isbjorn Rare Earth Element Properties, Australia - Assays Pending
LEGAL_36058574.1
Megawatt Completes Fieldwork at Arctic Fox and Isbjorn Rare Earth Element
Properties, Australia ‐ Assays Pending
Vancouver, British Columbia‐‐(September 9, 2021) ‐ Megawatt Lithium and Battery Metals Corp.
(CSE:MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") is pleased to
announce that it has completed its field reconnaissance and sampling program at the Arctic Fox and
Isbjorn properties in the Northern Territory, Australia. The Arctic Fox and Isbjorn properties are
located in the Northern Territory in regions prospective for REEs, especially neodymium and
praseodymium, complemented by supportive mining infrastructure. Arctic Fox is contiguous and
along strike from the world‐class Nolans Bore REE project, which is set for commissioning in mid‐
2022 and has a JORC Compliant Mineral Resource. Meanwhile, Isbjorn is contiguous to the Charley
Creek REE project. The Artic Fox tenement covers 785.39 km2 and the Isbjorn tenement covers 650
km2.
The regional geology of the Isbjorn tenement is a large scale anticline with quartzites and gneisses
forming dip‐slopes and rugged ranges on the southern edge of the tenement. The central core of
the anti‐form is generally a mafic to intermediate intrusive, weathering to onion skin rounded
inselbergs where exposed north of the tenement in the flat plain. At Arctic Fox, the ranges of which
Mt Finnis is part, are gneisses and high grade metamorphic rocks with zones of complete melting
resulting in massive mafic to intermediate magmatic rocks.
Auger sampling was taken from multiple auger holes from below 400mm making up a 15 to 20kg
minus 5mm sample. Stream sediments were taken for the active portion of channels and sieved
to minus 5mm making up approximately 15 to 20kg of sample. These will be concentrated using a
panner and then the magnetic fraction removed by a magnet prior to assay. The samples are
expected in Perth in the next week or so and will and will be submitted to ALS for analysis.
David Thornley‐Hall, CEO of Megawatt, comments: “We look forward to reviewing the results of our
sampling filed work at our REE projects in the Northern Territoriesl. The data review will bring us one
step closer to defining a drill program on the property.”
Qualified Person
Mr. Ge offrey Reed (MAusMM (CP)) (MAIG), Consultant for the Company, is a qualified person as
defined by National Instrument 43‐101 – Standards of Disclosure or Mineral Projects and has
reviewed the scientific and technical information in this press release.
LEGAL_36058574.1
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of
mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR
on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight
mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining
Division in the Province of British Columbia, Canada.
Additionally, the Company has acquired a 60% interest in a company that indirectly holds a 100%
interest (subject to a 2% NSR) in two prospective silver‐zinc projects in Australia, being the Tyr Silver
Project and the Century South Silver‐Zinc Project (see press release dated August 13, 2020) an
indirect 100% interest (subject to a 1% NSR) in mining tenements in Northern Territory and New
South Wales, Australia prospective for nickel‐cobalt‐scandium and rare earths and a 100% interest
(subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims
located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126
hectares (see press release dated February 3, 2021).
Investors can learn more about the Company and team at https://megawattmetals.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Thornley‐Hall Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This press release includes "forward‐looking information" that is subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of the Company.
Forward‐looking statements may include but are not limited to, statements relating to the trading of
the Company's common shares on the Exchange and the Company's use of proceeds and are subject
to all of the risks and uncertainties normally incident to such events. Investors are cautioned that
any such statements are not guarantees of future events and that actual events or developments
may differ materially from those projected in the forward‐ looking statements. Such forward‐looking
statements represent management's best judgment based on information currently available. No
securities regulatory authority has either approved or disapproved of the contents of this news
release.