EEE Exploration Enters Into an Option Agreement with Noranda Royalties to Acquire a 100% Interest in the Lithium Grande 4 Project
News Release
EEE EXPLORATION ENTERS INTO AN OPTION AGREEMENT WITH
NORANDA ROYALTIES TO ACQUIRE A 100% INTEREST IN THE
LITHIUM GRANDE 4 PROJECT ADJACENT TO PATRIOT BATTERY
METALS’ CORVETTE DISCOVERY IN JAMES BAY
Vancouver, Canada, July 6, 2022. EEE Exploration Corp. ( EEE:CSE ) is very pleased to announce that it
has entered i nto an option agreement with Noranda Royalties Inc. pursuant to which EEE has an
exclusive and irrevoc able option to acquire up to a 100% interest i n 41 mining claims covering 2,100
hectares (21 km2) (the “Property”)adjacent to Patriot Battery Metals’ project and less than 2.0 km south
from Patriot’s newly significant lithium discovery.
The Lithium Grande 4 project is located 6 km south to the regional and all-weather Trans-Taiga Rd. and
powerline infrastructure and 30 km from the LG4 airport within the James Bay region of Quebec.
The P roperty is situated within the Archean Superior Province of the Canadian Shield, which extends
from Manitoba to Qu ebec and covers approximately 750,000 km 2 of Quebec. Within the region, the
Superior Province is divided into four distinct subprovinces based on their lithological, metamorphic,
geophysical, and structural characteristics : Opatica, Nemiscau, Opinaca, and La Grande. The Property is
situated within the central portions of the volcano -plutonic La Grande Subprovince, proximal to the
Opinaca Subprovince to the south. The region is considered to have strong exploration potential for a
variety of commodities inc luding base and precious metals , and lithium. The Property is situated in the
Langelier Complexe and Guyer Group – Province du Superieur and is mostly composed of tonalite,
granodiorite and granite. The geologic setting is primarily prospective for gold, silver, base metals, and
lithium over several potential deposit styles including orogenic gold, volcanogenic massive sulfide
(VMS), and lithium pegmatite. In addition, Midland Exploration has recently recognized a magmatic -
hydrothermal Cu-Au-Ag-Mo deposit style in the immediate region on its adjacent Mythril Property.
“The high number of well-mineralized pegmatites found by Patriot recently in such a short period of time
clearly indicates a strong potential for a series of subparallel spodumene-bearing pegmatite bodies on our
newly acquired Lithium Grande 4 project. This area has the potential to become a lithium district! An
aggressive field prospection program will be initiated in the coming weeks to identify potential pegmatite
outcrops,” stated Chris Cooper, Chief Executive Officer of EEE Exploration.
Pursuant to the option agreement, EEE may earn a 10 0% undivided interest in the Lithium Grande 4
Project by, over a 3 year period, making aggregate cash payments of $32 5,000 and issuing an aggregate
of 3,000,000 EEE c ommon shares to Noranda Royalt ies (including an initial cash payment of $25,000
and the issuance of an initial 500,000 on execution of the option agreement), and making an aggregate of
$1,850,000 in mining expenditures on the Property. Upon completing al l earn-in obligations, EEE will
own 100% of the Lithium Grande project , subject to a 2% net smelter return roya lty in favor of Noranda
Royalties. The NSR royalty may be reduced at any time from two percent (2%) to one percent (1%) by
EEE paying $1,000,000 to Noranda Royalties.
EEE EXPLORATION CORP.
Qualified person
This project is under the supervision of Jeannot Theberge, PGeo, a director of EEE Expl oration, under
National Instrument 43-101 -- Standards of Disclosure for Mineral Projects . Mr. Theberge is responsible
for th e tech nical contents of this news release, and has approved the disclosure of the technical
information contained herein.
About EEE:
EEE Exploratio n is a mineral exploration company focused on the acquisition and development of
mineral properties containing critical, base and precious metals. The company's flagship asset is its 100 -
per-cent interest in the Golden Moon property located in Northern Quebec, Canada.
Forward-looking Statements
This news release contains certain forward -looking statements. These forward-looking statements are
subject to a variety of risks and uncertainties beyond the ability of EEE to control or predict, which could
cause a ctual events or results to differ materially from those anticipated in such forward -looking
statements, inclu ding r isks disclosed in filings with the Canadian secur ities regulators made by EEE .
Accordingly, readers should not place undue reliance on forwar d-looking statements. The forward -
looking statements contained in this news release are ma de as of th e date of this news release. Except as
required by law, the company disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
For more information, please contact:
Chris Cooper
Chief Executive Officer
Tel.: (604) 307-8290