Empire Lithium Property Update
newpointexploration. com
CSE: NP / OTC: NPEZF / FSE: 4NP
Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3 1
NEWS RELEASE
EMPIRE LITHIUM PROPERTY UPDATE
VANCOUVER—February 8, 2019— New Point Exploration Corp. (CSE: NP / OTC: NPEZF / FSE: 4NP)
(“New Point” or the “Company”) offers a corporate update on the Empire Lithium Property.
In May of 2018, the Company announced that it had entered into a S hare Purchase Agreement (the
“Acquisition Agreement”) with Goldhat Resources Inc. and its shareholders, pursuant to which New Point
acquired Goldhat and its US subsidiary, which held a long term, excl usive lease of certain unpatented
mining claims known as the “Empire Lithium Property”. Located within the San Emidio Desert, a dry playa
lake in northeastern Washoe County, about 98 air -line km north- northeast of Reno, Nevada (61 miles)
and about 88 km (55 miles) north of Fernley, Nevada. The property consists of 143 placer claims in total,
covering about 1156 hectares (4.5 square miles) of playa and alluvial fan. The property is in relatively flat
terrain consisting of playa, sand dunes, and alluvial fans dissected by dry stream channels. Elevations
range from 1030 meters (3380 feet) on the playa floor to about 1700 meters (5570 feet) at the crest of the
Lake Range.
Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.
Since lithium brine is not well defined as “mineralization” in the conventional sense, it is difficult to identify
in outcrop exposures; it can only truly be identified in water via chemical analysis (Houston, 2011). The
main mineral target at San Emidio Desert is a playa- related lithium brine deposit similar to productive
playas in Clayton Valley, Nevada and several areas of South America.
Geochemical Exploration to date;
Twenty one stream sediment samples from drainages in the Fox and Lak e Ranges that flow into Dixie
Valley averaged 25.3 ppm Li with a range of 12 to 43 ppm (USGS NURE and RASS geochemical data
bases). Leaching of lithium from volcanic ash and other rocks in the ranges around the basin is also a
likely source of metal. A gri d soil sampling program was conducted on the San Emidio Desert project to
test for lithium and other elements in the surface soils. A total of 172 samples were collected on 200 meter
intervals on lines spaced 400 meters apart. The goal of the program was t o determine if lithium was
present in the surface sediments and evaporites on the San Emidio playa. Lithium values ranged from
30.3 to 600 ppm with a mean of 220 ppm and a median value of 215.5 ppm. These values are comparable
to those obtained at Teels Marsh, Nevada by Dajin Resources (55 – 460 ppm Li in Coolbaugh, 2016 and
in clay separates at Clayton Valley, Nevada (300 – 1,100 ppm Li in Hulan, 2008). It is not known what
relationship, if any, exists between lithium values in clay concentrates and those in bulk soil samples. The
values from this program indicate that lithium is present in the ground water; if it is being concentrated in
the evaporites, could provide feed material for gravity concentration of brines at depth.
Next Steps;
Based on technical advice with consultation of the board, it is managements’ decision to allow a return of
the claims as they feel that the property does not fit with the new direction of the C ompany and will not
represent a sufficient return to shareholder values.
newpointexploration. com
CSE: NP / OTC: NPEZF / FSE: 4NP
Suite 310 – 221 West Esplanade, North Vancouver, BC, V7M 3J3 2
About New Point Exploration Corp.
New Point (CSE: NP / OTC: NPEZF / FSE: 4NP) is engaged in the business of acquiring, exploring and
developing mineral properties related to the growing battery industry. Focused on high grade, prospective
properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper
projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals Company.
On Behalf of the Board of New Point Exploration Corp.
“David Greenway”
Chief Financial Officer
Corporate Office
310-221 West Esplanade
North Vancouver, BC
V7M 3J3
For further information, please contact:
P: (604) 318-0114
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management
regarding future events or results. Such statements are subject to a variety of risks and uncertainties, which could
cause actual events or results to differ materially from those reflected in the forward- looking statements. The
Company disclaims any intention or obligation to revise or update such statements.