Origen Takes Direct Control of Newfoundland Lithium Projects
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Takes Direct Control of Newfoundland Lithium Projects
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2023) - Origen Resources Inc. (CSE:
ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to announce that Nord Battery Resources
has agreed to terminate the agreement to purchase all of the C ompany's Newfoundland Lithium
properties (see October 18, 2022 release). Origen shareholders will now have direct benefit of these
assets. These Newfoundland lithium projects are the largest land package assembled in the province
targeting lithium -rich peg matites and will greatly enhance the Company's new lithium -focused
mandate.
Origen's project-generator model has been quite successful in the past, but given the increased global
focus on lithium, and the quality of the recent additions to management and a dvisory teams, the
Company is pleased to be able to re-assert 100% ownership of the Newfoundland Lithium properties.
Origen still has a substantial portfolio of investments and mineral properties, as well as additional
lithium acquisition opportunities currently being pursued.
Gary Schellenberg, Origen CEO explained: "We are excited to have these assets back under our direct
developmental control. This is one of the largest lithium-focused land packages in Newfoundland. Our
geological team identified the significance of the geology of the region early and was able to amass a
strategic land package within this emerging lithium belt, complimenting our efforts at Los Sapitos in
Argentina. Having control of these lithium projects again, we can now aggressively explore and develop
them to the full benefit of our shareholders."
Key Points:
• Origen now directly controls highly-prospective lithium brine and clay prospects in Argentina,
as well as these Newfoundland hardrock pegmatite prospects, covering all forms of lithium
mineralogy.
• New Lithium Advisory Board members add their considerable expertise to Origen's existing
geological team, to rapidly advance all of Origen's lithium assets.
• The Origen geological team has significant experience in the Caledonian Lithium Belt consulting
to Blackstairs Lithium's Avalonia Lithium Project in Ireland (56% owned by Ganfeng Lithium).
About the Newfoundland Lithium Belt
The Newfoundland Lithium Belt exhibits all the characteristics of the major lithium -rich corridor
observed from Ireland to the Carolinas. There are key indicative signs that point to specific target areas
with high expectations for the discovery of lithium -rich pegmatites. Numerous occurrences of
pegmatites have been observed in proximity to prospective lithium -caesium-tantalum ("LCT")
geochemical signatures. Mapping of the geochemical pathfinders for lithium has revealed distinct
vectors that have guided the Company to focus in on priority areas and now directly control a
commanding land position in this new belt.
These geochemical pathfinders, on a regional scale, reveal a distinct corridor over 400 km long that
transects Newfoundland and corresponds to the large-scale tectonic suture zone associated with the
world-class Carolina Tin-Spodumene Belt and the lithi um pegmatite occurrences in Ireland that have
received significant attention in recent years. In addition, the age of the associated parent granites
observed in Newfoundland coincides with the 'sweet spot' when lithium -rich pegmatites were
emplaced along the belt.
In 2021 Origen acquired claims over three clusters of targets along the length of the Newfoundland
lithium belt, covering over 33,000 hectares. All of these targets include or are in immediate proximity
to beryl-bearing pegmatites, lithium or pathfinders in till, major deep running tectonic structures and
granites with ages that coincide with the prospective period of tectonic activity. Highlights that have
emerged during Origen's first season of exploration include:
Newport Area: Biogeochemical s urvey perpendicular to pegmatite trend confirmed government till
survey results and identified multiple new anomalies that appear to be on strike with previously
recognized lithium and pathfinder anomalies.
Central Area : Examples of local scale zoning in multi -stage pegmatite intrusions found in large
boulders. Caesium anomalies identified in biogeochemistry with contained and adjacent single point
lithium anomalies. Emerging evidence based on the proximity to the GRUB line (a deep, tectonic
structure) with granites dated to lithium -prospective geological time and distribution of mapped
pegmatites, beryl and geochemical anomalies suggests the Central Area is more similar to Irish -style
lithium pegmatites than Newport or the Southwest Coast.
Southwest Coast A rea: Proximity to the Benton -Sokoman discovery of spodumene pegmatite at
Golden Hope is highly encouraging. Golden Hope is 10 and 36 km from Origen's two main claim groups
in the SCA cluster. Numerous pegmatites were mapped by Origen's geologists while pro specting and
it is noted that the Southwest Coast and Newport areas are excellent candidates for satellite and
airborne hyperspectral mapping of LCT-prospective mineralogy.
Origen is rapidly re -integrating these Newfoundland Lithium projects into its aggre ssive exploration
plans for 2023, and will provide additional information on its future technical programs shortly.
About Origen
Origen is an exploration company engaged in generating, acquiring and advancing base, precious
metal, and lithium properties. T he Company is fully focused on its 100% interest in the Los Sapitos
Lithium project in Argentina and its 100% interest in the Newfoundland Lithium projects, and also
holds a property portfolio of four 100% owned precious and base metal projects in southern British
Columbia, a 100% interest in the 26,771 ha LGM project property in the mineral rich Golden Triangle
of British Columbia, and a portfolio of investments from prior property joint ventures and sales.
John Harrop, P.Geo., a Qualified Person as that term is defined in NI 43-101 has prepared, supervised
the preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Gary Schellenberg, CEO
For further information, please contact Gary Schellenberg, CEO at 604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward- looking information." In
particular references to the private placement and future work programs or expectations on the quality or results of such
work programs are subject to risks associated with operations on the property, exploration activity generally, equipment
limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised
not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new
information, future events or otherwise.