CDN Maverick Acquires Nevasca Lithium Property in the Salar de Arizaro, Argentina
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
CDN MAVERICK ACQUIRES NEVASCA LITHIUM PROPERTY
IN THE SALAR DE ARIZARO, ARGENTINA
November 11, 2022 – CDN Maverick Capital Corp. (the “ Company”) (CSE: CDN;
OTCPINK: AXVEF; Frankfurt: A117RU) has entered into a purchase and sale agreement
(the “Purchase Agreement”), dated November 10, 2022, with certain arms -length ven-
dor, whereby the Company has acquired the Nevasca Lithium Project (the “Project”) lo-
cated in the Province of Salta, Argentina. The Project spans over 28 km2 and is favoura-
bly located in the southeastern basin of the Salar de Arizaro, which is reportedly one of
the largest Salars in the Lithium Triangle. The acquisition adds to the Company’s existing
portfolio of exploration-stage resource assets, and builds on the Company’s existing ex-
posure to the lithium sector through its interest in Noram Lithium Corp.
Picture 1: Areal view of the Nevasca Lithium Project Area, looking South (SE Salar de Arizaro)
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
NEVASCA LITHIUM PROJECT
Location
The Project is located in the Salar de Arizaro in the Salta Province in Northwest Argentina
about 220 km due west of the City of Salta in Argentina. Drive time from Salta is approx-
imately 9 hours over a distance of 420 km and accessible year-round via Pocitos and
Tolar Grande continuing directly through the Salar de Arizaro on a well -maintained salt
road to the Lindero Gold Mine (owned by Fortuna Silver Mines Inc.) which is located about
15 km SW of the Project area.
Maps 1&2: Salar de Arizaro and Property access and location, respectively.
Arizaro is one of the larger salars of the Argentine Altiplano in the Lithium Triangle ex-
tending over a total area of 1,600 km2 within a 6,000 km2 watershed region. The nearest
village is Tolar Grande (population of 250) at a 2.5-hour drive to the North of the property,
which is the main hub for mining-related rail traffic in the Puna, between the Province of
Salta and the ports of Chile through the Atacama Desert.
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
Project Highlights
The Project is in the Province of Salta, one of Latin America’s top mining jurisdictions and
emerging mining frontiers known for its strong and diverse mineral endowment, stable
tenure, straightforward permitting, and geopolitical landscape. The large land position
controlled within the Project i s strategically located on the southeastern portion of the
Salar de Arizaro and extends over 28 km2 in a single continuous mining concession.
Preliminary geological indicators show potential clay-hosted lithium in the area, which will
be examined concurrently with lithium brine examinations. Environmental and social per-
mitting for advanced exploration drilling has been filed, approval pending.
Terms of the Transaction
Pursuant to the terms of the Purchase Agreement, the Company has acquired the Project,
along with an existing three -percent net smelter returns royalty, in consideration for the
issuance of 2,000,000 common shares and a one-time cash payment of US$100,000.
All common shares issued in connection with the acquisition are subject to a statutory
hold period for four-months-and-one-day following issuance. No finders’ fees or commis-
sions are owing by the Company in connection with the Purchase Agreement. The ac-
quisition of the Project neither constitutes a fundamental change nor a change of business
for the Company, nor has it resulted in a change of control of the Company within the
meaning of applicable securities laws and the policies of the Canadian Securities Ex-
change.
Qualified Person
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43 -101 and reviewed
and approved by Peter Born, Ph.D., P.Geo., a Qualified Person.
About CDN Maverick Capital Corp.
CDN Maverick Capital Corp. (TSX-V: CDN) is a Vancouver -based junior resource
company with an investment in Noram Lithium Corp. ’s (TSX-V: NRM) advanced Zeus
Lithium Deposit in Clayton Valley Nevada, which is adjacent to lithium producer Albemarle
at its Silver Peak operation. CDN Maverick also controls a 100% interest in the Rainbow
Canyon Gold Project in the Olinghouse Mining District, in the Washoe County Nevada.
CSE: CDN
OTCQB: AXVEF
Frankfurt: 338B
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director
Phone: (778) 999-2159
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future
events. Such forward - looking information can include without limitation statements based on current expectations involving a number
of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could
cause the Company’s actual results to differ materially from those expressed or implied b y such forward looking statements; the
uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual
results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual
results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-
looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their
entirety by this notice. The Company assumes no obligation to update forward -looking information should circumstance or
management’s estimates or opinions change. Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider
(as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.