Avalon expands Separation Rapids Lithium Property with acquisition of Paterson Lake claims
NEWS RELEASE
March 2, 2017 No. 17-03
Avalon expands Separation Rapids Lithium Property with
acquisition of Paterson Lake claims
Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL and OTCQX: AVLNF) (“Avalon” or the
“Company”) is pleased to announce it has closed a transaction with GoldON Resources Ltd.
(“GoldON”) to acquire a 100% interest in the seven-claim, 1,008 hectare, Paterson Lake property
(the “Property”) located adjacent to the north and west of Avalon’s Separation Rapids Lithium
Project near Kenora, Ontario. In consideration for the acquisition of the claims, Avalon has issued
500,000 common shares of its capital stock to GoldON. The shares will be subject to a 4 month hold
period expiring on July 2, 2017.
As illustrated on the accompanying map, the Property is host to three known lithium pegmatite
occurrences known as the Glitter, Wolf and Rattler, along with a number of other, smaller, under-
explored lithium – tantalum – rubidium – tin bearing pegmatites. These occurrences fall within the
same geological formation that hosts Avalon’s Separation Rapids pegmatite deposit. Some of these
occurrences are in close proximity to targets planned for testing during the Company’s upcoming
drilling program and may be included in this program.
Avalon’s CEO, Don Bubar stated, “There is abundant potential for discovery of additional lithium
pegmatites in the Separation Rapids region that can provide future sources of feed for our planned
lithium production facility in the Kenora area. We are committed for the long term to building a
business that can take advantage of the energy storage revolution and the rapidly growing demand
for lithium battery materials. Consistent with Ontario’s commitment to innovation and clean energy
technology, we see an opportunity to participate in creating new cleantech supply chains, anchored
in Northern Ontario, for the advanced materials needed to make these goals a reality.”
The technical information included in this news release has been reviewed and approved by Donald
S. Bubar, P.Geo. Qualified Person under NI 43-101.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche
market metals and minerals with growing demand in new technology. The Company has three
advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and
indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently
focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium
Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate
cornerstones.
130 Adelaide St. W., Suite 1901, Toronto, ON M5H 3P5
Tel: (416) 364-4938 Fax: (416) 364-5162
www.AvalonAdvancedMaterials.com
For questions and feedback, please e-mail the Company at [email protected], or phone Don
Bubar, President & CEO at 416-364-4938.
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation R eform Act
of 1995 and applicable Canadian securities legislation. Forward looking statements include, but are not limited to, information or
statements about expected future drilling and exploration programs , potential discovery of additional lithium pegmatites in the Separation
Rapids region, building a lithium production facility in Kenora , and potential growth in demand for lithium battery materials. Generally,
these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”,
“anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of
such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken,
reached or result, “will occur” or “be achieved”. Forward-looking statements are s ubject to known and unknown risks, uncertaint ies and
other factors that may cause the actual results, level of acti vity, performance or achievements of Avalon to be materially diff erent from
those expressed or implied by such forw ard-looking statements. Forward-looking statements are based on assumptions management
believes to be reasonable at the time such statements are made .. Although Avalon has attempted to identify important factors th at could
cause actual results to differ materially from those contained in forward-looking stat ements, there may be other factors that c ause results
not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected resul ts described
in forward-looking statements include, but are not limited to ma rket conditions, and the possibility of cost overruns or unanti cipated costs
and expenses as well as those risk factors set out in the Comp any’s current Annual Information Form, Management’s Discussion an d
Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated i n such
statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Comp any’s
plans and objectives and may not be appropriate for other purpos es. Accordingly, readers should not place undue reliance on for ward-
looking statements. Avalon does not undertake to update any forward- looking statements that are contained herein, except in acc ordance
with applicable securities laws.