Megawatt Plans Seasonal Field Work at Tyr Including Phase 1 Drilling
Megawatt Plans Seasonal Field Work at Tyr Including Phase 1 Drilling
Vancouver, British Columbia--(April 29, 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
approved a seasonal exploration program for its Tyr Silver Project in New South Wales, Australia. The
tenement covers 100 units over an area of 299km2 and was granted effective on the 29th of March 2018
for a period of five (5) years as a prospective tenure with a large number of known mineral occurrences
and historical mining for commodities; silver, tin, arsenic, lead, zinc and tungsten.
The Program will consist of the following components:
i. continuation of data review and database construction
ii. continued geochemistry, rock chip sampling and mapping
iii. ground based geophysical magnetometer survey
iv. drilling of high priority targets.
The planning and execution of drill target generation and identification and subsequent exploration
drilling program should be completed, with drillholes sampled and analyzed to appropriate depths as to
adequately understand the geology, geochemistry and stratigraphy of the area. The exploration area
contains a significant amount of silver occurrences which strikes north-west containing major
occurrences such as the Ecuador deposit consisting of 4710ppm silver and Torny Mine consisting of
1420ppm silver from historic exploration records.
David Thornley-Hall, CEO of Megawatt, comments: “We look forward to reviewing the results of our
field program at Tyr. The data modelling will bring us one step closer to a more broad understanding of
this prospective project.”
Qualified Person
Mr. Geoffrey 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.
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) ina dn to certain 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 guarante es 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.